Echotitbits – Nigeria News

Tag: Private Sector

  • Manufacturers forecast stronger 2026 output but say policy execution will decide the results

    Manufacturers forecast stronger 2026 output but say policy execution will decide the results

    2026-01-02 09:00:00
    According to Punch, the Manufacturers Association of Nigeria (MAN) projects improved output in 2026, with estimates pointing to stronger real growth and a higher contribution to GDP if enabling policies are implemented effectively.

    The report links the optimism to reforms that could stabilise key macro variables, but notes manufacturers remain exposed to structural constraints—energy costs, logistics bottlenecks, and expensive financing.

    Industry voices continue to push for a predictable policy environment and practical support that reduces operating costs, warning that growth projections can be missed if business conditions tighten.

    Validation: Vanguard reported MAN’s forecast and quoted: “Real growth is projected to reach 3.1 percent… contribution… rise to 10.2 percent.” AllAfrica carried CPPE-linked commentary warning that “Nigeria’s manufacturing revival hinges on managing structural risks…”

    Echotitbits take: Manufacturing is one of the fastest routes from ‘GDP growth’ to jobs. Watch Q1 indicators—grid stability vs. self-generation costs, FX predictability for imported inputs, and whether tax reforms reduce friction rather than add new compliance pain.

    Source: The Punch — 2026-01-02 (https://punchng.com/manufacturing-tipped-for-3-1-growth-10-2-gdp-contribution/)
    The Punch 2026-01-02

    Photo Credit: The Punch

  • CPPE: 2026 stability hinges on sustaining reforms, but manufacturing remains fragile without cost relief

    CPPE: 2026 stability hinges on sustaining reforms, but manufacturing remains fragile without cost relief

    2026-01-02 09:00:00
    In an analysis published by The Guardian, the Centre for the Promotion of Private Enterprise (CPPE) projects Nigeria could see greater stability and growth in 2026 if reforms are sustained, but cautions that manufacturing remains fragile under persistent structural constraints.

    The analysis highlights how energy, logistics and financing costs continue to weigh on factories, arguing that macro stability alone won’t lift the real sector without targeted execution that reduces operating costs.

    CPPE’s framing is that reform continuity must translate into measurable improvements in business conditions, otherwise growth remains narrow and disconnected from jobs and purchasing power.

    Validation: Vanguard echoed the execution theme, reporting that gains hinge on “effective execution” of incentives and enabling measures. AllAfrica reinforced CPPE’s structural-risk warning and quoted: “Nigeria’s manufacturing revival hinges on managing structural risks…”

    Echotitbits take: Reforms must translate into lower production costs. Watch early-2026 signals—grid stability versus self-generation expense, FX predictability for inputs and whether tax changes simplify compliance rather than create new leak points.

    Source: The Guardian — 2025-12-29 (https://guardian.ng/business-services/cppe-projects-stability-growth-in-2026-with-sustained-reforms/)
    The Guardian 2025-12-29

    Photo Credit: The Guardian

  • ICRC urges Nigerians to stay hopeful as PPP approvals signal infrastructure momentum

    ICRC urges Nigerians to stay hopeful as PPP approvals signal infrastructure momentum

    2026-01-01 07:40:00
    In a statement reported by GazetteNGR, the ICRC director-general urged Nigerians to enter 2026 with renewed hope, stressing infrastructure delivery and PPP momentum.

    The message points to government approvals and structuring work around private-sector-led solutions as evidence of steps to reduce Nigeria’s infrastructure deficit.

    In practice, the real question is whether projects become bankable and deliverable—where contract design, risk allocation and enforcement decide outcomes.

    Punch quoted the ICRC chief pointing to FEC approvals that provide “reassurance” about closing the gap via private-sector-led solutions.

    Trust Radio also reported he urged citizens to remain “hopeful and confident” that progress is steady.

    Echotitbits take:

    PPPs can transform delivery—or become rent channels. Watch for transparent procurement, clear user-fee/tariff logic, and credible dispute resolution to keep projects moving and socially acceptable.

    Source: GazetteNGR — January 1, 2026 (https://gazettengr.com/icrc-boss-urges-nigerians-to-embrace-hope-shared-responsibility-in-2026/)

    GazetteNGR 2026-01-01

    Photo Credit: GazetteNGR

  • World Bank moves to unlock $500m credit boost for Nigeria’s MSMEs

    World Bank moves to unlock $500m credit boost for Nigeria’s MSMEs

    Photo Credit: Punch / World Bank
    2025-12-18 09:00:00

    According to The Punch, the World Bank is moving to support Nigeria’s micro, small and medium businesses with a $500 million financing package aimed at widening access to credit and strengthening inclusive finance.

    The facility is framed around improving lending channels that actually reach MSMEs, especially where high interest rates and collateral hurdles keep firms outside formal credit.

    Verification: The World Bank’s project documentation describes objectives to “increase access to finance for micro, small and medium enterprises.” Business Insider Africa also reports an approved/advancing $500m package for MSMEs.

    Quotes: World Bank: “increase access to finance for micro, small and medium enterprises…” (documents.worldbank.org). Business Insider Africa: “approved a $500 million loan to Nigeria…”

    Analysis/Echotitbits take: MSMEs don’t just need money—they need cheaper, reachable money with clear pipelines. Watch the implementing institutions, eligibility rules, pricing, and whether funds reach real producers rather than being trapped in intermediaries.

    Source: The Punch — 2025-12-18 — https://punchng.com/world-bank-set-to-approve-500m-loan-to-support-nigerian-msmes/

    The Punch 2025-12-18

  • Aig-Imoukhuede, PSHAN unveil new initiative to improve PHCs

    Aig-Imoukhuede, PSHAN unveil new initiative to improve PHCs

    Idowu Sowunmi

    Founder and Chairman of Africa Initiative for Governance, Mr. Aigboje Aig-Imoukhuede, in collaboration with the Private Sector Health Alliance of Nigeria (PSHAN) have unveiled a new initiative geared towards significantly improving Nigeria’s healthcare system at the grassroots level.

    The innovative strategy, which was in furtherance of a vision from an earlier stakeholders’ roundtable, entailed delivering one Primary Healthcare Centre (PHC) in each of Nigeria’s 774 local government areas at global standards.

    Under this private sector-driven initiative, universal health access would be provided for low-income citizens residing in rural and urban areas through the Adopt-a-Health Facility Programme (ADHFP).

    ADHFP, according to PSHAN Chief Executive Officer, Mr. Sonny Nwarisi, would be sponsored by a group of Angel Investors and other institutions.

    He said these “Angels” would each take responsibility for one or more PHCs – they would build and operate the PHCs for the period of adoption under strict rules and guidelines.

    ADHFP is a multi-impact initiative with several benefits including: Saving lives, Improvement in health outcomes, Job creation, and Gender empowerment.

    Aig-Imoukhuede and PSHAN recently initiated ADHFP design phase which would be handled by Vesta Healthcare Partners, a global healthcare consultancy firm.

    This consultancy engagement was expected to deliver key programme components such as: legal and regulatory framework, public private partnership framework, PHC facility and management standards, financing arrangements, governance arrangements, supply chain management, and technology and systems.

    The design phase would involve active participation of notable development-focused organisations like: Global Citizen, ABCHealth, Bill & Melinda Gates Foundation, United Nations Economic Commission for Africa, World Bank, International Finance Corporation (IFC), MTN Nigeria Plc, Dangote Group, Zenith Bank, Access Bank, Stanbic-IBTC Bank, PwC, Cisco, Ford Foundation, Nigerian Stock Exchange, and Flying Doctors Nigeria.

    Others are: Africa Practice, Cedar Advisory Partners, GBCHealth, Health Federation of Nigeria, Health Law, Eti-Osa Local Government, JNC International Ltd, Johnson & Johnson, Justice in Healthcare, Lagos State Government, MSD for Mothers, Nigeria Economic Summit Group (NESG), ONE Campaign, PharmAccess Foundation, Women-At-Risk International Foundation as well as Lagos State Government and the Office of Senior Special Assistant to the President on Sustainable Development Goals among others.