The Centre for the Promotion of Private Enterprise (CPPE) has warned that Nigeria’s hard-won macroeconomic stability could be undermined if policymakers continue to rely heavily on high interest rates, arguing that the next phase of reforms must focus on growth, job creation and improving living standards.
In its response to the International Monetary Fund’s (IMF) 2026 Article IV Consultation Report on Nigeria, the private sector advocacy group welcomed the Fund’s positive assessment of recent economic reforms but said greater policy balance is needed to ensure that stabilisation translates into tangible welfare gains for citizens.
The IMF had commended Nigeria’s reforms for helping restore macroeconomic stability, improve foreign exchange market conditions and strengthen investor confidence.
CPPE said the Fund’s assessment aligns with the position it has consistently advanced alongside many private sector stakeholders.
According to the group, the reforms have contributed to exchange rate stability, improved external
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