The Centre for the Promotion of Private Enterprise has urged the Federal Government to take urgent action in agriculture, manufacturing, construction, real estate, and trade to turn Nigeria’s current growth momentum into a more resilient and employment-driven economy.

CPPE’s Chief Executive Officer, Dr. Muda Yusufon Sunday called for structural interventions in sectors that directly affect the public, highlighting the need for strategic reforms in a policy brief on Nigeria’s second-quarter GDP report for 2025.

Yusuf said, “Q2 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.”

Nigeria’s economy grew 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 Q2 2024.

The CPPE highlighted that although the oil and gas sector led growth with a remarkable 20.46 per cent expansion, its 4.05 per cent share of GDP underscores the need for non-oil sectors to drive broad-based and inclusive economic transformation.

In the policy brief, Yusuf observed that agriculture rebounded to 2.82% in Q2 from 0.07 per cent in Q1 but remains hampered by structural issues such as poor infrastructure, limited mechanisation, and security risks.

Manufacturing growth eased to 1.60 per cent constrained by high production costs, foreign exchange fluctuations, and import pressures, while the construction sector slowed to 5.25 per cent due to delayed infrastructure project execution.

He said, “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.”

The CPPE director also pointed to a slowdown in trade, which grew by 1.29 per cent and real estate at 3.79 per cent emphasizing that these labour-intensive sectors require targeted policy support to reach their full potential.