Weak manufacturing base threatens Nigeria’s economy — CPPE

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.