President Bola Tinubu says Nigeria is on an “irreversible path” to stronger economic growth following the latest GDP figures released by the National Bureau of Statistics (NBS).
The NBS reported on Monday that Nigeria’s real GDP grew by 4.43 percent year-on-year in Q2 2026, up from 4.23 percent recorded during the same period in 2025.
In a statement by his special adviser on information and strategy, Bayo Onanuga, Tinubu said the figures showed that his administration’s reforms were producing results.
He said the economy had been stabilised after three years of “necessary reforms”, adding that the next focus was to ensure stronger growth improves 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 pointed to stronger external reserves, better credit ratings, higher oil output 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,” he said.
He also cited infrastructure projects, no university strikes and expanded NELFUND student loans.
The president said measures to ease pressure on vulnerable Nigerians, including cheaper transport, increased food production and other relief programmes, would be introduced in the coming weeks.
“We are fully committed to translating consistent, stronger economic performance into better microeconomic outcomes for our citizens,” Tinubu said.
He urged Nigeria to remain vigilant by “ensuring the sustainable progress we are recording remains irreversible”.
