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).
Gatekeepers News reports that the NBS reported on Monday that Nigeria’s real GDP grew by 4.43 percent year-on-year in the second quarter (Q2) of 2026, up from 4.23 percent recorded in the corresponding period of 2025.
In a statement issued by Bayo Onanuga, his Special Adviser on Information and Strategy, Tinubu said the latest figures showed that the economic reforms introduced by his administration were producing results.
The president said the government had spent the past three years implementing what he described as “necessary reforms” to stabilise the economy and lay the foundation for sustainable growth.
“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 said the reforms had also contributed to stronger external reserves, improved international credit ratings, increased oil production and renewed investor confidence in the Nigerian economy.
“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 highlighted government investments in roads, railways and other infrastructure, as well as what he described as the absence of strikes in universities and the expansion of student loans through the Nigerian Education Loan Fund (NELFUND).
Government to focus on cost-of-living relief
Tinubu said the government’s next priority would be ensuring that stronger macroeconomic performance translates into tangible improvements in the lives of Nigerians.
He said measures would be introduced in the coming weeks to ease pressure on vulnerable citizens, 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 also urged Nigerians and policymakers to remain vigilant to ensure that the economic gains recorded so far are sustained.
He said the country must focus on “ensuring the sustainable progress we are recording remains irreversible”.
