By Yinka Kolawole
Nigeria entered the second half of 2026 with its strongest macroeconomic fundamentals in several years, but the gains have yet to translate into broad-based improvements in the real economy, according to the Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), Dr. Muda Yusuf.
Reviewing economic performance in the first half of the year, Yusuf said exchange-rate stability, moderating inflation, stronger external reserves, improved crude oil production and resilient financial markets have significantly reduced macroeconomic vulnerabilities and strengthened investor confidence.
He noted that government revenues also improved on the back of higher oil receipts and stronger non-oil tax collections, while greater policy credibility helped sustain confidence in the financial markets.
However, he stressed that the benefits of macroeconomic stability have yet to filter through to businesses and households.
