President Bola Ahmed Tinubu has welcomed the latest Gross Domestic Product (GDP) figures released by the National Bureau of Statistics (NBS), describing the growth as evidence that his administration’s economic reforms are yielding results.
According to a statement issued by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, Nigeria’s GDP grew by 4.43 per cent in the second quarter of 2026, compared with 4.23 per cent recorded in the corresponding quarter of 2025.
The NBS report also indicated growth across key sectors of the economy, including agriculture, manufacturing, oil and gas, and services, with the services sector maintaining its position as the largest contributor to aggregate GDP.
In nominal terms, Nigeria’s GDP rose to N119.27 trillion in the second quarter of 2026, representing an 18.43 per cent increase from the N100.7 trillion recorded in the same period of 2025.
Reacting to the figures, Tinubu said the latest economic performance came at a significant time, particularly amid criticism of his administration’s policies by opposition parties.
The President said his government had spent the past three years implementing difficult but necessary reforms aimed at stabilising the economy and laying the foundation for sustained 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,” Tinubu said.
He maintained that the impact of the reforms was becoming increasingly evident, citing Nigeria’s reported trade surpluses, improved foreign reserves, stronger credit ratings, increased oil and gas production and the return of investors.
Tinubu also highlighted ongoing infrastructure projects, including roads, railways and superhighways, as well as developments in the education sector.
He noted that universities were operating without strikes, while student loans through the Nigerian Education Loan Fund (NELFUND) and affordable credit for civil servants through the Credit Corporation were helping to expand access to education and finance.
The President, however, acknowledged that challenges remained, particularly for vulnerable Nigerians, and said his administration would intensify measures aimed at easing their economic burden.
He said the government would in the coming weeks focus on providing cheaper transportation, increasing food production and implementing relief programmes targeted at communities at the grassroots.
Tinubu assured Nigerians that his administration remained committed to converting the improving macroeconomic indicators into tangible benefits for 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,” he said.
He added that the government would remain vigilant to ensure that the progress recorded so far was sustained and that stronger economic performance ultimately translated into improved living conditions for Nigerians.
