Social commentator Reno Omokri has declared that President Bola Tinubu has achieved the fastest economic turnaround in Nigeria’s modern history, recording sweeping gains across key sectors in just 30 months.
Omokri highlighted several economic milestones recorded under the administration, noting that the country’s foreign reserves have surpassed $45 billion, the highest level in six years and the fourth largest in Africa.
He added that the economy has maintained strong momentum, with GDP growing by 4.23 percent in Q2 2025 and 3.93 percent in Q3, marking two consecutive quarters of growth not seen in recent years.
According to him, Nigeria has also recorded notable progress in the energy sector, transitioning from Africa’s largest petrol importer to West Africa’s largest exporter. Oil theft, he said, has dropped to below 10,000 barrels per day, a 16-year low while crude oil output now averages 1.71 million barrels per day, surpassing OPEC quotas for four straight months.
Omokri further noted that government revenue and financial markets are flourishing. The federal government met its full-year revenue target as early as August for the first time ever, while the Nigerian Stock Exchange All-Share Index crossed the 130,000 mark. He said the economy expanded by $67 billion, with nominal GDP rising from ₦269 trillion in May 2023 to ₦373 trillion at present.
Non-oil tax revenue also increased by 40.5 percent to ₦20.59 trillion between January and August 2025, and MTN Nigeria emerged as the first ₦10 trillion-valued company on the Nigerian Exchange.
Inflation has declined every month since July and now stands at 16.05 percent. Fuel prices trade below ₦1,000 per litre nationwide, while the naira has stabilized below ₦1,500 to the dollar, earning recognition from Fitch Ratings as one of the world’s best-performing currencies.
Power generation reached a record 5,802 MW, trade surplus soared 44 percent to ₦7.46 trillion in Q2, and the Central Bank of Nigeria reduced interest rates for the first time since COVID, lowering them by 50 basis points to 27 percent.
Nigeria’s economic progress has also received global acknowledgment. Fitch and S&P upgraded the country’s outlook to Stable B, and leading figures such as Ngozi Okonjo-Iweala and Chukwuma Soludo have publicly stated, “Tinubu has stabilised the economy.”
Transportation has also surged, with rail transport growing 43 percent and road transport 24.5 percent in just one quarter. Major infrastructure projects, including the ₦13 trillion Sokoto-Badagry Superhighway and ₦15 trillion Lagos-Calabar Coastal Highway, are underway. Additionally, over 500,000 students have benefited from interest-free loans, with hundreds of thousands more approved.
Omokri commented on the significance of these achievements: “Effective rebranding projects a positive image of what is happening. It is the best way to neutralise enemies of the nation who want to overwhelm the airwaves with negative information. If you are a patriot who loves Nigeria and wants your country to progress, please spread this truthful message.”
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