President Bola Ahmed Tinubu has welcomed the latest Gross Domestic Product (GDP) figures released by the National Bureau of Statistics (NBS), showing that Nigeria’s economy grew by 4.43 per cent in the second quarter of 2026.
The growth represents an increase from the 4.23 per cent recorded in the corresponding quarter of 2025, with the President describing the latest figures as evidence that his administration’s economic reforms are beginning to deliver stronger results.
The NBS report showed growth across agriculture, manufacturing, oil and gas, and the services sector, which remained the largest contributor to Nigeria’s aggregate GDP.
In nominal terms, Nigeria’s GDP stood at 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.
Tinubu said the latest figures came at a critical time, arguing that the reforms introduced by his administration since May 2023 were necessary to stabilise the economy and lay the foundation for long-term prosperity.
According to the President, Nigeria now has trade surpluses, while foreign reserves have reached their highest level in 17 years and the country’s credit rating has improved.
He also pointed to increased oil and gas production, ongoing road and railway projects, the return of investors and improved access to education financing through the Nigeria Education Loan Fund (NELFUND) as signs of progress under his administration.
Tinubu said the government would also focus on translating the macroeconomic gains into improved living conditions for Nigerians.
He disclosed that measures were being prepared to address challenges facing vulnerable citizens, including cheaper transportation, increased food production and other relief programmes targeted at communities across the country.
“The Renewed Hope Agenda is working,” the President said, adding that his administration would not rest on its achievements but would remain focused on ensuring that economic growth translates into better outcomes for households.
Tinubu urged Nigerians to remain vigilant in protecting the gains recorded so far, assuring that the government was committed to sustaining economic growth and ensuring that its benefits were eventually felt by citizens “at the dining table and in their pockets.”
