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CPPE raises alarm over power sector contraction

CPPE warns Nigeria's power sector contraction by 15.30% in Q1 2026 poses serious risks to economic growth and business competitiveness.

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CPPE raises alarm over power sector contraction

Nigeria's electricity and gas sector contracted 15.30% in Q1 2026 — the steepest decline in recent years — even as overall GDP grew 3.89%. Businesses operating in Nigeria should expect continued escalation of self-generation costs (diesel/petrol), further compressing margins across manufacturing, SME and digital sectors until structural reforms in transmission and market liquidity materialize.

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Weak manufacturing base threatens Nigeria’s economy — CPPE

Despite Nigeria’s modest economic growth in the first quarter of 2026, experts have raised concerns over the weak performance of the manufacturing sector, warning that the economy may struggle to achieve sustainable…

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venerdì 29 maggio 2026·punchng.com
CPPE raises alarm over power sector contraction
CPPE warns Nigeria's power sector contraction by 15.30% in Q1 2026 poses serious risks to economic growth and business competitiveness.
venerdì 29 maggio 2026·vanguardngr.com
Weak manufacturing base threatens Nigeria’s economy — CPPE
Despite Nigeria’s modest economic growth in the first quarter of 2026, experts have raised concerns over the weak performance of the manufacturing sector, warning that the economy…