The protracted acute cash scarcity has not only crippled economic activities in the country, it is now a major risk to the livelihoods of most Nigerians. Millions of citizens have slipped into penury and destitution as a result of the disruptions and tribulations perpetrated by the currency redesign policy, especially the mopping up of over…
The Centre for the Promotion of Private Enterprise [CPPE] is concerned about the conflicting directives emanating from the CBN on where to deposit the old currency notes – whether the commercial banks, or Central bank. This confusion is inflicting additional pains on already traumatized millions of innocent Nigerians seeking to return the old notes. Amid…
The Centre for the Promotion of private Enterprise [CPPE] is disturbed by the rushed passage of the 2022 Finance Bill by the National Assembly. It calls to question the representation role of the Assembly. There was practically no room for public hearing and engagement with stakeholders in the consideration of the bill. This is a…
The Centre for the Promotion of Private Enterprise (CPPE) presents its economic and business environment review for 2022 and sets agenda for policy makers for 2023. Macroeconomic Environment The macroeconomic environment is a key driver of costs, profits, competitiveness, productivity and investment growth. This review focusses on four key macroeconomic variables: inflation, foreign exchange, and…
Like in many other parts of the world, the phenomenon of mounting inflationary pressures in the Nigerian economy is yet to abate. It remains a major cause for concern for stakeholders in the Nigerian economy. According to the National Bureau of Statistics [NBS], headline inflation accelerated to 21.47% in November as against 21.09% in October.…
Chief Executive Officer, Centre for the Promotion of Private Enterprise (CPPE), Dr Muda Yusuf has decried the mounting inflationary pressure as a major cause for concern on the outlook of the Nigerian economy. The National Bureau of Statistics (NBS) in its September 2022 report indicated that the nation’s inflation rose to 20.77 per cent during the month. …