President Bola Tinubu on Monday welcomed the encouraging news showing that the nation’s Gross Domestic Product grew at 4.43%, in second quarter of 2026, compared with the 4.23 per cent in the second quarter of 2025.
The National Bureau of Statistics (NBS) revealed this on Monday, according to Bayo Onanuga, the Special Adviser to the President on Information and Strategy.
The NBS report also shows growth in agriculture, manufacturing, the oil and gas sector, and the service sector, which now dominates 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, up by 18.43 per cent from N100.7 trillion recorded at the same time last year, according to the report.
President Tinubu said the report could not have come at a better time, as the opposition has been trying to diminish his administration’s efforts since May 2023 and even promising to reverse the policies if, perchance, Nigerians voted for them.
“In the past three years, we tried to do the hard part by implementing the necessary reforms to stabilise the economy,” he said.
“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.”
The President stated that the economy is already on the irreversible part to recovery, stressing that each household will soon begin to feel the effect at the dining tables.
“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,” he added.
He also stressed that the nation’s foreign reserves are at their highest in 17 years, adding that ” Our credit rating has moved up several notches. 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 said.
“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.
“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.”
