Nigeria’s economy is recovering, yet many citizens still struggle with rising daily living costs.
Therefore, CPPE warns that households may face higher costs despite GDP growth in Q3 2025.
Nigeria’s GDP grew 3.98% year-on-year in Q3, slightly below the 4.3% recorded in Q2.
Economic Recovery At A Glance
The government stabilised exchange rates, moderated inflation, and strengthened fiscal management, supporting growth.
As a result, services, ICT, construction, and finance sectors drove the economic recovery.
Household Living Costs Pressures Persist
However, many households still experience pressure from high prices and daily expenses.
Hence, CPPE urges urgent interventions to protect vulnerable groups from worsening hardship.
Structural weaknesses in agriculture, manufacturing, trade, and housing continue to limit productivity.
Consequently, growth may not improve ordinary Nigerians’ daily life without targeted reforms.
Services contributed 53% of GDP, driven by digital growth and improved business confidence.
Meanwhile, ICT grew 5.78%, remaining a key non-oil driver of expansion.
Financial services surged 19.63%, reflecting stronger economic activity and higher investor confidence.
Real estate grew 89%, but rising property values worsened housing affordability in cities.
Manufacturing and trade lagged due to high energy costs, smuggling, and expensive imports.
Read Also: Nigeria Stocks Rise 1.20% On DANGCEM Buying Boost
Agriculture grew 3.79%, limited by insecurity, poor logistics, and declining purchasing power.
Policy Actions For Growth
Additionally, health and education remain underfunded, while textiles and apparel continue contracting.
On the other hand, pharmaceuticals, construction, and oil refining expanded faster during the quarter.
CPPE calls on the government to improve infrastructure, electricity, transport, and logistics efficiency.
Moreover, targeted social support must reduce the cost-of-living pressures on households.
The government should strengthen agriculture by enhancing security, mechanisation, irrigation, and rural roads.
Manufacturing needs better credit access, anti-smuggling measures, and stronger supply-chain support.
Housing affordability can improve through land reforms and deeper mortgage financing.
Also, the government must increase funding and governance in health and education sectors.
Supporting non-oil exports and stabilising oil output can sustain stronger economic growth.
Nominal GDP reached ₦100.73 trillion in Q3 2025, up from ₦84.48 trillion in Q2 2024, a 19.23% rise.
Ultimately, CPPE warns that without decisive reforms, economic growth may remain inaccessible to everyday Nigerians.
