Nigeria’s capital importation rebound fails to translate into productivity – CPPE

The Centre for the Promotion of Private Enterprise, CPPE, has identified large concerns arsenic the country’s superior importation rebounded by 380 percent connected a year-on-year basis, rising to $6,014.77 cardinal successful the 3rd 4th of 2025 from $1,252.66 cardinal successful the aforesaid play the erstwhile year.

The improvement had triggered excitement wrong President Bola Ahmed Tinubu’s authorities erstwhile the National Bureau of Statistics released the information hardly six days ago.

Reacting to the country’s superior importation reports for Q2 and Q3 2025, CPPE, successful a connection by its Chief Executive Director, Muda Yusuf, said the information is encouraging; however, structural risks persist.

CPPE explained that deeper investigation of the concern shows the bulk of inflows went into the banking and fiscal sectors, with lone marginal allocation to manufacturing, infrastructure, and different productive activities.

The economical deliberation vessel said Nigeria’s rising superior importation during the play nether reappraisal is not yet translating into meaningful enlargement of productive capacity. Without stronger superior flows into industry, agro-processing, logistics, energy, and export-oriented manufacturing, t...