The Hope Alive Initiative has commended President Bola Ahmed Tinubu’s economic reforms, describing them as a key driver of Nigeria’s recent strong performance.
In a statement signed by its Director of Press, Ernest Omoarelojie, the group highlighted data from the National Bureau of Statistics (NBS), which reported a year-on-year Gross Domestic Product (GDP) growth of 4.23 per cent in the second quarter of 2025, as evidence that the administration’s reforms are delivering tangible results.
Gross Domestic Product (GDP) grew by 4.23% (year-on-year) in real terms in the second quarter of 2025. This growth rate is higher than the 3.48% recorded in the
second quarter of 2024 and the 3.13% recorded in Q1 2025.Read the Q2 2025 GDP Report here: https://t.co/1htUx6zlVw pic.twitter.com/iEenR6qGC1
— NBS Nigeria (@NBS_Nigeria) September 22, 2025
According to the group, before President Tinubu assumed office in May 2023, the economy was in dire straits, weakened by unsustainable fuel subsidies, a distorted foreign exchange regime, dwindling external reserves, and low investor confidence.
“The economy was on the brink, with poverty levels deepening and the fiscal space for growth almost completely eroded,” the group said.
It noted that bold policy measures, including the removal of petrol subsidy, unification of the foreign exchange market, fiscal consolidation, and social interventions, have now begun to turn the tide.
Among the notable gains highlighted were:
” i. GDP growth: 4.23% in Q2 2025 compared to 3.48% in Q2 2024.
ii. External reserves: now at $42 billion, boosting investor confidence and stabilising the naira.
iii. Inflation: six months of consistent decline, with projections for single-digit levels by 2026.
iv. Agriculture: 2.82% growth, supported by mechanisation and the National Agricultural Development Fund.
v. Industry: 7.45% expansion, reflecting renewed manufacturing and mining activity.
vi. Trade: manufactured exports up 173% in Q2 2025, with a 44.3% rise in trade surplus.
vii. Infrastructure: ongoing construction of 13 major roads, the Lagos-Calabar Coastal Highway, and the $3.02 billion Port Harcourt–Maiduguri Rail Line.
viii. Social protection: over N330 billion disbursed to 8.1 million households and more than N80 billion in education loans to 400,000 students.
The group said Nigeria’s aggregate GDP, now N100.73 trillion (up from N84.48 trillion the previous year), reflects “a tectonic shift towards a more diversified and sustainable economy.”
They commended President Tinubu and his economic team, the Hope Alive Initiative.
The group also endorsed the Poverty Exit Plan recently unveiled by Vice President Kashim Shettima, which it said offers “a clear pathway to lifting 40–50 million Nigerians out of multidimensional poverty within the next decade.”
It urged Nigerians to support the administration, avoid distractions, and remain confident in the country’s economic direction.
“Nigeria is not just recovering, it is rising,” the group added.