CPPE backs FG reforms, urges shift from economic stability to productivity

While the government said the measures have strengthened public finances, improved foreign exchange stability, and restored investor confidence, they have also increased the cost of living and of doing business, with Nigerians continuing to contend with high food, energy, and financing costs.

The Centre for the Promotion of Private Enterprise (CPPE) has backed the Federal Government’s economic reform programme, saying the measures have produced measurable improvements in Nigeria’s fiscal and macroeconomic position.

According to the CPPE, the next phase of the reforms should move decisively from economic stabilisation to productivity, while ensuring that higher government revenues translate into better development outcomes and that improving macroeconomic indicators eventually result in higher incomes, more jobs and better living standards.