President Bola Tinubu has assured Nigerians of stronger macroeconomic performance following the 4.43 per cent growth recorded in the country’s Gross Domestic Product (GDP) in the second quarter of 2026.
Reacting on Monday to the latest report by the National Bureau of Statistics (NBS), which showed that the economy grew by 4.43 per cent in the second quarter of 2026, compared with 4.23 per cent in the corresponding period of 2025, President Tinubu described the development as further evidence of progress under his administration.
In a statement signed by his Special Adviser on Information and Strategy, Mr Bayo Onanuga, the President said the report came at a significant time, particularly as the opposition continues to downplay the impact of his administration’s reforms since May 2023 and has pledged to reverse some of the policies if elected.
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President Tinubu said the reforms had helped stabilise the economy and laid the foundation for sustainable growth and prosperity.
“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. We didn’t do the reforms to create challenges, but to ensure prosperity reaches all our people,” he said.
He cited improved foreign reserves, trade surpluses, rising oil production, renewed investor confidence and increased infrastructure development as evidence that the Renewed Hope Agenda was yielding results.
“The results of the efforts are becoming very clear to all: The Renewed Hope Agenda is working. 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.
We are building roads, railways and superhighways that will last for a long time. Investors who left are returning. Oil and gas production is increasing.
“And in our universities—for the first time in a long time—there are no strikes. Our children are in class. Through NELFUND, student loans are putting education within reach, while affordable credit is being made available to civil servants through Creditcorp.”
The President assured Nigerians that the government would intensify efforts to reduce the cost of living through cheaper transportation, increased food production and targeted relief programmes.
“In the next few weeks, we are addressing some of the challenges being faced by our vulnerable population by providing cheaper means of transport, ramping up food production and implementing various relief programmes that will touch lives at the grassroots,” he said.
“Under our watch, the economy is on the irreversible path to experiencing even more growth that all homes will feel at the dining table and in their pockets. We are not resting on our oars. We are fully committed to translating consistent, stronger economic performance into better microeconomic outcomes for our citizens.
“We must stay vigilant by ensuring the sustainable progress we are recording remains irreversible,” President Tinubu stated.
The NBS report also revealed growth in agriculture, manufacturing, the oil and gas sector, and services, which now dominate the economy in terms of their contribution to aggregate GDP.
In nominal terms, Nigeria’s aggregate GDP stood at N119.27 trillion in the second quarter of 2026, representing an 18.43 per cent increase from the N100.7 trillion recorded in the corresponding period of 2025.
