CPPE warns Nigeria's capital inflow surge not boosting productivity
Nigeria's capital importation rebounded 380% year-on-year to $6,014.77 billion in Q3 2025, but the Centre for Private Enterprise (CPPE) warns this surge isn't translating into productive capacity expansion. While the National Bureau of Statistics data excited the Tinubu administration, CPPE's analysis reveals 90% of inflows went to banking and finance sectors with minimal allocation to manufacturing, infrastructure, and export-oriented industries. Without stronger investment in these areas, Nigeria risks a liquidity-driven recovery that fails to create sustainable jobs or diversify exports. CPPE urges policymakers to shift from short-term capital inflows to long-term productive investment in industry, agro-processing, and logistics to achieve inclusive growth.