President Bola Tinubu on Monday welcomed the latest report by the National Bureau of Statistics showing that Nigeria’s Gross Domestic Product grew by 4.43 per cent in the second quarter of 2026, up from 4.23 per cent in the same period of 2025.
He described the figures as evidence that his administration’s economic reforms were working.
The Special Adviser to the President on Information and Strategy, Bayo Onanuga, disclosed this in a statement he signed on Monday titled, ‘President Tinubu Welcomes Reports of Growth in GDP, Assures of Stronger Microeconomic Performance.’
According to the statement, the NBS report also showed growth in agriculture, manufacturing, the oil and gas sector and the services sector, which now dominates the economy in terms of its contribution to aggregate GDP.
It said that, in nominal terms, the country’s aggregate GDP for the second quarter stood at N119.27tn, up 18.43 per cent from the N100.7tn recorded in the same period last year.
The President said the timing of the report was significant, coming as the opposition continued efforts to downplay his administration’s achievements since May 2023, with some politicians pledging to reverse existing policies if elected in 2027.
“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,” Tinubu said.
He listed a number of outcomes he attributed to the reforms.
“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,” he stated.
Tinubu continued, “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.
“And through NELFUND, student loans are putting education within reach, and affordable credit is going to our civil servants through CreditCorp.”
He disclosed that further relief measures targeting vulnerable Nigerians would be rolled out in the coming weeks.
“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,” the President said.
He pledged that the administration would work to ensure the reported growth translated into tangible improvements for ordinary households.
“Under our watch, the economy is on the irreversible path to experience 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,” Tinubu said.
