The Centre for the Promotion of Private Enterprise has warned that reversing Nigeria’s ongoing economic reforms could harm the economy, urging the government to shift its focus from macroeconomic stabilisation to boosting productivity, creating jobs and improving living standards.
The organisation made the call in a statement issued on Sunday and signed by its Chief Executive Officer, Dr Muda Yusuf, according to Nairametrics.
The CPPE said the reforms should be sustained, but their implementation must be continuously reviewed and adjusted based on evidence and their impact on businesses and households.
The organisation warned that reversing the reforms could erode investor confidence, weaken fiscal stability and destabilise the foreign exchange market.
“CPPE believes that reversing the reforms would be profoundly damaging to the economy.
“It would undermine investor confidence, weaken fiscal stability, destabilise the foreign-exchange market and reintroduce distortions that the reforms were designed to correct.
“The reform trajectory should therefore be sustained, while implementation is continuously refined in response to emerging realities.
“The next phase must move decisively from stabilisation to productivity; from higher government revenues to better development outcomes; and from improving macroeconomic indicators to tangible gains in jobs, incomes and living standards,” the statement read.
The CPPE said the reforms should be sustained, but their implementation must be continuously reviewed and adjusted based on evidence and their impact on businesses and households.
The organisation warned that reversing the reforms could erode investor confidence, weaken fiscal stability and destabilise the foreign exchange market.
It was earlier reported that Nigeria incurred N10.61 trillion in additional debt-service costs between June 2023 and December 2025, about N4.14 trillion more than the N6.47 trillion spent on strategic infrastructure development during the same period.
The figures were contained in the Federal Government’s Nigeria’s Reform Scorecard: The Benefits, Costs and Harms Prevented, released by the Federal Ministry of Finance.
The report also showed that total incremental expenditure by the Federal Government stood at N30.64 trillion during the period.
