President Bola Ahmed Tinubu has said Nigeria’s economy is bouncing back strongly, crediting his administration’s sweeping reforms for the renewed growth and stability being witnessed.
Fresh economic data indicates that the Gross Domestic Product (GDP) expanded by 4.23 per cent in the second quarter of 2025, the fastest pace in four years. The figure also surpassed the 3.4 per cent growth projection earlier released by the International Monetary Fund (IMF).
The President, in a statement from the State House, Abuja, described the performance as a clear confirmation that the bold policies introduced since 2023 are beginning to yield visible and sustainable results.
He noted that inflation, which had remained a major concern for households, slowed to 20.12 per cent in August 2025 the lowest level in three years. According to him, this decline reflects the impact of fiscal discipline and monetary coordination under his watch.
“The reforms are working, and Nigerians are beginning to feel the results,” Tinubu assured, while pledging that his government will not relent until economic stability is fully entrenched.
The President explained that beyond stabilising macroeconomic indicators, his administration is prioritising food security. He said ongoing interventions in the agricultural sector are designed to expand production, enhance productivity, and lower the cost of staple food items nationwide.
Tinubu maintained that these efforts are aimed at safeguarding households against the rising cost of living while creating jobs and strengthening self-reliance. He urged Nigerians to remain patient and supportive, assuring that the long-term gains of the reforms will outweigh the present sacrifices.
“The path of reform is not easy, but it is necessary. Our commitment is to ensure a stronger economy, stable prices, and improved welfare for every Nigerian,” he said.