The Centre for the Promotion of Private Enterprise (CPPE), a frontline civil advocacy group committed to Nigeria’s organized private sector (OPS) sustainable growth, has canvassed an 8-point policy imperatives for the Federal Government to consider for implementation in order to sustain the nation’s Gross Domestic Product (GDP) growth trajectory in the years ahead.
The Director/Chief Executive of the OPS group, Dr. Muda Yusuf, in the CPPE Policy Brief on Nigeria’s Q3 2025 GDP published by the National Bureau of Statistics (NBS) on Monday, noted that Nigeria’s latest Gross Domestic Product (GDP) report for the quarter indicated that the economy grew by 3.98% in real terms, reflecting a slight moderation from the 4.3% growth recorded in the second quarter.
While noting that the data confirms that the economy remains firmly on a path of steady recovery and consolidation, the renowned economist stated that the Q3 performance highlights the positive impact of ongoing economic reforms, especially in stabilising the exchange rate, moderating inflation, improving fiscal conditions, and gradually restoring investor confidence.
According to the CPPE chief, these macroeconomic gains have strengthened business sentiment and supported activity across key sectors of the economy.
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Yusuf noted, however, that despite improving fundamentals, the cost-of-living crisis remained a concern, adding that while disinflation is underway and prices of some food items and manufactured products are easing, the social outcomes of economic had become imperative for policymaking to prioritise targeted interventions to address the uneasiness around the cost of living and ensure that GDP Growth and macroeconomic stability translate into real improvements in citizens’ welfare—particularly for vulnerable groups.
On the needed policy imperatives for sustaining recovery of the nation’s economy, the CPPE boss stressed that to consolidate the gains recorded in Q3 and unlock stronger, and ensure more inclusive growth, there was the need for some critical policy interventions by the Federal Government.
Specifically, the OPS group Director charged the government to reduce structural bottlenecks to
address energy supply constraints, reduce logistics costs, improve port efficiency, and accelerate transport infrastructure development; and mitigate the cost-of-living crisis by implement targeted social interventions and remove structural impediments that elevate consumer prices as all tiers of government must sustain targeted interventions in agriculture, pharmaceuticals, transportation and energy to fix the cost of living crisis.
In addition, the CPPE leader canvassed the need to strengthen agricultural productivity by
improving security in farming regions, expand irrigation and storage facilities, invest in rural road networks, and support mechanization; rebuild manufacturing competitiveness through the
expansion of access to concessionary credit, curb smuggling, reduce import duties on industrial inputs, ease logistics challenges and address supply chain pressures; as well as ensure housing affordability
by reforming land administration, deepen mortgage markets, and scale up affordable housing initiatives.
Similarly, Yusuf advocated the imperative of increasing social sectors’ funding by the government through the prioritization of investments in education and health, strengthen partnerships with private sector players, and enhance governance of service delivery systems; enhance non-oil export competitiveness by supporting exporters with reduced financing and production costs, and strengthen export logistics, certification, and standards.
The OPS group’s Director also charged the Federal Government to stabilise oil output and secure critical infrastructure by improving security in oil-producing regions, curb vandalism and theft, and incentivize new investments in upstream and gas-based industries.
On the CPPE’s concluding stance on what needed to be done to sustain the nation’s GDP growth trajectory, Yusuf advocated: Nigeria’s Q3 GDP performance reaffirms that the economy is on a gradual but steady recovery path, supported by improved macroeconomic stability, stronger investor sentiment, and resilience across key sectors such as services, ICT, financial services, chemical and pharmaceutical and construction.
“However, achieving higher, more inclusive, and sustainable growth will require tackling long-standing structural constraints—especially in agriculture, manufacturing, and trade. Targeted policies to ease cost-of-living pressures are crucial to making the reform process inclusive.
“With continued reforms, targeted investments, and strengthened governance, Nigeria is well-positioned to deliver stronger economic outcomes in the months ahead”, he added.
