Former presidential aide Reno Omokri has outlined what he describes as 21 significant economic “miracles” recorded under President Bola Tinubu, highlighting improvements across foreign reserves, economic growth, oil production, financial markets, infrastructure, and social programmes.
Gatekeepers News reports that in a post shared on his X account and reported by The Guardian on Tuesday, Omokri argued that the indicators reflect progress in stabilising the Nigerian economy. According to him, “the figures and programmes highlighted under the administration pointed to areas where measurable changes had been recorded.”
The Guardian notes that Omokri — once an outspoken critic of Tinubu and the All Progressives Congress (APC) — has in recent months shifted his stance, frequently praising the administration’s policies since it assumed office.
Omokri listed the following 21 achievements:
- Stronger Foreign Reserves: Nigeria’s reserves have surpassed the $45 billion mark for the first time in six years, now ranking fourth-highest in Africa.
- Robust GDP Growth: Prudent reserve management contributed to 3.93% GDP growth in the latest quarter, following 4.23% in Q2 2025.
- Energy Independence: Nigeria has moved from Africa’s largest petrol importer to West Africa’s biggest exporter within two years.
- OPEC Production Surplus: The country has exceeded its OPEC quota for three straight months, averaging 1.71 million barrels per day.
- Expanded International Flights: The government facilitated direct flights for Nigerian airlines to destinations including London, São Paulo, Bogotá, Entebbe, Dar es Salaam, Algiers, and St. Kitts and Nevis.
- Reduction in Oil Theft: Oil theft has dropped below 10,000 barrels per day — the lowest level in 16 years.
- Revenue Milestone: Nigeria met its full-year revenue target by August for the first time in its history.
- Stock Market Surge: The Nigerian Stock Exchange crossed the 130,000 All-Share Index mark for the first time.
- GDP Expansion: The economy grew by $67 billion in two years — from ₦269.29 trillion in May 2023 to ₦372.8 trillion.
- Non-Oil Revenue Growth: Non-oil tax revenue jumped 40.5% to ₦20.59 trillion between January and August 2025.
- Record Corporate Valuation: MTN Nigeria hit a ₦10 trillion valuation — a national first.
- Falling Inflation: Food prices fell, helping inflation ease to 16.05% from 20.12% in August 2025.
- Lower Fuel Prices: Fuel retailers, including Dangote, now sell below ₦1,000 per litre.
- Naira Stability: The naira has stabilised below ₦1,500 to the US dollar, ranking among the world’s best-performing currencies according to Fitch Ratings.
- Record Power Generation: Nigeria achieved a peak generation of 5,801.84 MW and 128,370.75 MWh in daily energy output.
- Trade Surplus Growth: Trade surplus rose 44.3% in Q2 2025 to ₦7.46 trillion.
- Lower Interest Rates: The CBN cut interest rates by 50 basis points to 27% — the first reduction since the COVID-19 pandemic.
- Global Ratings Upgrade: Fitch and S&P Global Ratings upgraded Nigeria to a stable B rating.
- Expert Endorsement: Economists including Dr Ngozi Okonjo-Iweala and Dr Chukwuma Soludo, he claimed, “confirmed that President Tinubu has stabilised Nigeria’s economy.”
- Rail Transport Growth: Rail transport expanded by 43.08% in Q2 2025.
- Road Infrastructure Expansion: Road transport grew by 24.50%, boosted by mega-projects such as the ₦13 trillion Illela–Sokoto–Badagry Superhighway and the ₦15 trillion Lagos–Calabar Coastal Highway.
