The Centre for the Promotion of Private Enterprise (CPPE) has called on the Nigerian Government to intervene urgently in agriculture, manufacturing, construction, real estate, and trade to transform Nigeria’s current growth momentum into a more resilient and job-rich economy.
The Chief Executive Officer of CPPE, Dr Muda Yusuf, said on Sunday that structural interventions in the sectors that impact the public the most, should be embarked upon in line with the policy brief on Nigeria’s second-quarter GDP report for 2025.
According to Yusuf, the second quarter of 2025 is a clear statement that Nigeria’s economy is moving beyond stabilisation toward a stronger recovery.
“But to translate this growth into jobs, poverty reduction, and shared prosperity, the focus must shift to unlocking productivity in agriculture, manufacturing, construction, real estate, and trade, the sectors that touch the lives of most Nigerians,” he said
He noted that Nigeria’s economy expanded by 4.23 per cent year-on-year in Q2 2025, up from 3.13 per cent in Q1 and 3.48 per cent in the same quarter of 2024.
Yusuf also said that while the oil and gas sector drove growth with a dramatic 20.46 per cent expansion, its 4.05 per cent share of GDP underscored the need for non-oil sectors to deliver inclusive transformation.
In the policy brief, Yusuf analysed that agriculture recorded a 2.82 per cent rebound compared to 0.07 per cent in Q1, but continues to face structural challenges ranging from poor infrastructure and low mechanisation to security threats.
The manufacturing sector slowed to 1.60 per cent, constrained by high production costs, foreign exchange volatility, and import pressures. Construction also moderated at 5.25 per cent, reflecting the slower execution of infrastructure projects.
Yusuf stressed that structural reforms must accompany the current recovery. “Sustaining and deepening this momentum requires urgent interventions, reducing energy and logistics costs, accelerating infrastructure investment, expanding affordable credit access for MSMEs and farmers, and strengthening domestic capacity through local content and import substitution,” he said.
He highlighted also the slowdown in trade at 1.29 per cent and real estate at 3.79 per cent, saying these key labour-intensive sectors needed targeted policy support to unlock their full potential.
Yusuf noted that consistent reform execution, improved governance, and private sector collaboration were critical to converting growth into inclusive prosperity.
GIK/APA