President Bola Tinubu says Nigeria’s economy is on an “irreversible path” to stronger growth following the latest gross domestic product (GDP) figures released by the National Bureau of Statistics (NBS).
The NBS, on Monday, reported that Nigeria’s real GDP grew by
4.43 percent year-on-year in the second quarter (Q2) of 2026, compared with
4.23 percent recorded in the corresponding period of 2025.
The president, in a statement by Bayo Onanuga, his special
adviser on information and strategy, said the figures showed that the economic
reforms implemented by his administration were yielding results.
Tinubu said the economy had been stabilised after three
years of implementing what he described as “necessary reforms,” adding that the
government’s focus would now shift to ensuring that stronger economic
performance translates into improved living conditions.
“In the past three years, we tried to do the hard part by
implementing the necessary reforms to stabilise the economy. Now the economy is
stabilised, and we have laid the foundation for a prosperous nation,” he said.
“The results of the efforts are becoming very clear to all:
The Renewed Hope Agenda is working.”
Tinubu also said the government’s reforms had also
contributed to stronger external reserves, improved credit ratings, increased
oil production and renewed investor interest.
“Because of those tough decisions, today Nigeria has trade
surpluses. Our foreign reserves are at their highest in 17 years. Our credit
rating has moved up several notches,” the president said.
He also cited investments in roads, railways and other
infrastructure, as well as the absence of strikes in universities and the
expansion of student loans through the Nigerian Education Loan Fund (NELFUND).
The president said the government would in the coming weeks
introduce measures aimed at easing pressure on vulnerable Nigerians, including
cheaper transportation, increased food production and other relief programmes.
“We are fully committed to translating consistent, stronger
economic performance into better microeconomic outcomes for our citizens,”
Tinubu said.
The president said Nigeria must stay vigilant by “ensuring
the sustainable progress we are recording remains irreversible”.
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