CPPE Warns of Slower Growth Amid Economic Pressures

The Centre for the Promotion of Private Enterprise (CPPE) released its Q1 2026 economic review and Q2 outlook, indicating that Nigeria's economic growth will remain positive but may slow due to mounting downside risks. Chief Executive Officer Dr. Muda Yusuf noted that while growth momentum is moderate, elevated energy costs and weak consumer demand are exerting significant pressure on operational expenses.

The ongoing conflict in the Middle East and rising global crude oil prices pose major threats to Nigeria's fragile disinflation process, potentially reversing recent gains in price stability. The report emphasizes that the current inflationary trend is largely driven by structural cost factors rather than excess demand.

Additionally, the CPPE expressed concerns over the implementation of the proposed ₦68 trillion budget for 2026, citing weak revenue performance and political pressures that could weaken fiscal discipline. The think tank advises businesses to focus on resilience and efficiency while urging policymakers to prioritize macroeconomic stability and address structural bottlenecks.