President Bola Ahmed Tinubu delivered his annual New Year goodwill message to Nigerians, emphasizing progress in economic reforms during 2025 and projecting stronger growth ahead.
The speech highlights the administration's achievements amid global challenges and outlines priorities for the coming year.
Key Economic Highlights from 2025
President Tinubu noted several positive developments:
GDP Growth: Robust quarterly expansion, with annualized growth expected to exceed 4% for the year.
Inflation: Declined steadily to below 15%, aligning with government targets.
Foreign Reserves: Reached $45.4 billion as of December 29, 2025, providing a strong buffer.
Stock Market: The Nigerian Exchange (NGX) posted a 48.12% gain, outperforming regional peers.
Foreign Direct Investment (FDI): Surged to $720 million in Q3 2025, up from $90 million in Q2, signaling renewed investor confidence affirmed by agencies like Moody's, Fitch, and S&P.
These gains are attributed to fiscal resets, monetary policy stability, trade surpluses, and exchange rate improvements despite anti-inflation measures.
Priorities for 2026
The President described 2026 as the start of a "more robust phase of economic growth," focusing on:Further reducing inflation and ensuring reform benefits reach households.
Implementing tax harmonization reforms to reduce multiple taxation burdens and boost sustainable revenue for infrastructure and social investments.
Accelerating the Renewed Hope Ward Development Programme to empower 10 million Nigerians through local economic activities in agriculture, trade, mining, and processing.
Continued infrastructure modernization in roads, power, railways, ports, healthcare, education, and agriculture.
On security, Tinubu reiterated commitments to combat terrorism and banditry through deepened international partnerships and advocated for decentralized policing with safeguards.
Broader Message
Tinubu called for national unity, patriotism, and shared responsibility in nation-building, acknowledging that reforms are challenging but essential.
He expressed gratitude for 2025's progress and confidence in a prosperous 2026.
This address reflects the administration's narrative of steady recovery, with verifiable data points on reserves, FDI, and market performance aligning with recent reports.
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