President Bola Ahmed Tinubu has expressed satisfaction with the National Bureau of Statistics (NBS) report showing that Nigeria’s Gross Domestic Product (GDP) grew by 4.43 per cent in the second quarter of 2026, up from 4.23 per cent in the same period of 2025.
The report indicates broad-based growth across agriculture, manufacturing, oil and gas, and the services sector, which continues to dominate the economy in terms of contribution to aggregate GDP.
In nominal terms, the country’s aggregate GDP in the second quarter stood at N119.27 trillion, representing an 18.43 per cent increase from N100.7 trillion recorded at the same time last year.
President Tinubu said the report validates the economic reforms his administration has undertaken since May 2023, countering opposition claims that have sought to downplay the government’s efforts.
“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 highlighted key achievements under the Renewed Hope Agenda, including trade surpluses, foreign reserves at their highest level in 17 years, improved credit ratings, ongoing infrastructure projects in roads, railways and superhighways, returning investors, rising oil and gas production, and the end of prolonged university strikes.
He also pointed to the introduction of student loans through NELFUND and affordable credit for civil servants via Creditcorp as part of efforts to improve access to education and financial services.
“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,” Tinubu stated.
He assured Nigerians that the economy is on an irreversible path to even greater growth, with gains expected to be felt in households across the country.
“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,” the President added.