June 1, 2026
By Gabriel Ewepu
THE Centre for the Promotion of Private Enterprises, CPPE, reacting to the Q1 2026 Gross Domestic Product, GDP, growth outcome report released by the National Bureau of Statistics, NBS, recording a year-on-year real GDP growth of 3.89%, said the economy remains on a gradual recovery path.
In a statement signed by Chief Executive Officer, CPPE, Dr Muda Yusuf, the growth of year-on-year real GDP growth of 3.89%, compared with 3.13% in Q1 2025, the Centre said it is with caution optimism that it views the report, reflecting marginally lower than the 4.0% growth recorded in Q4 2025.
According to CPPE, overall, the Q1 2026 GDP report reflects an economy supported by resilient services, digital activities, trade, construction and expanding domestic refining capacity. However, the report also exposes structural vulnerabilities, especially in power supply, industrial productivity and export competitiveness.
