File Photo: Chief Executive Officer, CPPE, Dr. Muda Yusuf
The Centre for the Promotion of Private Enterprise has raised concerns over the worsening state of Nigeria’s power sector after the electricity and gas sector contracted 15.30 per cent in the first quarter of 2026.
The economic think-tank described the development as the weakest performance recorded by the sector in recent years, warning that it poses serious risks to economic growth, industrial productivity and business competitiveness.
The Chief Executive Officer of the CPPE, Dr Muda Yusuf, on Thursday, disclosed this in a policy brief on the National Bureau of Statistics’ Q1 2026 Gross Domestic Product report released on Wednesday.
According to the CPPE, although Nigeria’s economy grew 3.89 per cent in Q1 2026 compared to 3.13 per cent in the corresponding period of 2025, the sharp decline in the electricity and gas sector remains a major concern.
