Tinubu says Nigeria’s GDP growth shows economic reforms yielding results

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).

The NBS, on Monday, reported that Nigeria’s real GDP grew by 4.43 percent year-on-year in the second quarter (Q2) of 2026, compared with 4.23 percent recorded in the corresponding period of 2025.

The president, in a statement by Bayo Onanuga, his special adviser on information and strategy, said the figures showed that the economic reforms implemented by his administration were yielding results.

Tinubu said the economy had been stabilised after three years of implementing what he described as “necessary reforms,” adding that the government’s focus would now shift to ensuring that stronger economic performance translates into improved 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 said the government’s reforms had also contributed to stronger external reserves, improved credit ratings, increased oil production 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,” the president said.

He also cited investments in roads, railways and other infrastructure, as well as the absence of strikes in universities and the expansion of student loans through the Nigerian Education Loan Fund (NELFUND).

The president said the government would in the coming weeks introduce measures aimed at easing pressure on vulnerable Nigerians, 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 said Nigeria must stay vigilant by “ensuring the sustainable progress we are recording remains irreversible”.