The Centre for the Promotion of Private Enterprise (CPPE) says Nigeria’s stronger economic growth must translate into more jobs and higher incomes.

On Monday, the National Bureau of Statistics (NBS) said the gross domestic product (GDP) rate grew by 4.43 percent in the second quarter (Q2) of 2026, up from 3.89 percent in Q1 and 4.23 percent in Q2 2025. In a policy brief on Nigeria’s second quarter 2026 GDP report by Muda Yusuf, CPPE chief executive officer, the think tank described the performance as “the strongest quarterly growth in five years” but said the headline figure should be followed by stronger welfare outcomes. “The GDP report is an encouraging affirmation that the economy is gaining momentum,” CPPE said. “The priority now is to broaden these gains, strengthen employment-intensive sectors and ensure that improving output translates into better living standards.” According to the enterprise, the latest figures suggested that greater foreign exchange stability, improved oil output, stronger investor confidence and better corporate performance were supporting the recovery.