President Tinubu President Bola Tinubu on Thursday reaffirmed that Nigeria’s economy is on a steady growth trajectory, driven by reforms under his administration’s Renewed Hope Agenda.
Speaking at the Federal Executive Council meeting in Abuja, following the swearing-in of two new ministers Dr. Bernard Mohammed Doro Humanitarian Affairs and Poverty Reduction and Dr. Kingsley Tochukwu Udeh Innovation, Science, and Technology Tinubu said the nation’s economy continues to show resilience, stability, and growing investor confidence.
He noted that despite political and security challenges, Nigeria’s economic fundamentals remain strong, pointing to the success of the recent $2.3 billion Eurobond, which was oversubscribed by 400%, as proof of global confidence in the country’s reforms.
“Despite the political headwinds and the fears of our people, we will continue to engage partners. The success of the $2.3 billion Eurobond is the most assuring. We will defeat terrorism and build a prosperous, united, and resilient Nigeria,” the President said.
Tinubu also called for consistent communication among ministers and government officials to maintain a unified national message, while assuring Nigerians that the administration would not relent in the fight against terrorism and insecurity.
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“We shall spare no effort until we eliminate all criminals from our society. Nigeria is one happy family,” he stated.
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, presented a report showing that Nigeria’s GDP grew by 4.23% in Q2 2025, the highest in a decade outside the COVID rebound.
He highlighted that 13 sectors recorded growth above 7%, up from nine in the previous quarter. The industrial sector’s growth nearly doubled from 3.72% to 7.45%, while inflation eased to 18.02% in September 2025.
Foreign reserves rose to $43 billion, and the nation recorded a ₦7.4 trillion trade surplus, signaling renewed economic confidence.
“The reforms under the Renewed Hope Agenda are bold and strategic, designed to build a competitive economy that creates jobs and lifts millions out of poverty,” Edun said.
He added that Nigeria’s removal from the Financial Action Task Force Grey List marked a major milestone in financial integrity, while the IMF revised Nigeria’s growth forecast upward to nearly 4%.
Edun reaffirmed the government’s vision to achieve a $1 trillion economy by 2030, driven by a 7% annual growth target and a strong focus on poverty reduction.
He urged ministries overseeing infrastructure, mining, education, health, agriculture, and digital innovation to collaborate with sub-national governments to attract investment-ready projects.
“Every naira must be optimized to sustain momentum. The next phase of reforms will remove barriers to investment, review tariffs, and stimulate productivity,” the minister said.
Tinubu concluded by reiterating that Nigeria’s reform-driven growth will continue to attract international recognition and deliver tangible benefits to citizens across all sectors.
