President Bola Tinubu has declared that 2026 marks the beginning of a more robust phase of economic growth for Nigeria, expressing optimism that the gains recorded from recent reforms will translate into tangible improvements in the lives of citizens.
In his New Year message to Nigerians on Thursday, the President said the country closed 2025 on a strong economic footing despite global headwinds, noting that difficult but necessary reforms have begun to yield measurable results.
According to President Tinubu, Nigeria recorded robust quarterly GDP growth throughout 2025, with annualised growth projected to exceed 4%.
He added that inflation declined steadily to below 15%, exchange rate stability improved, and trade surpluses were maintained, reflecting increased resilience in the economy.
The President also highlighted strong performance in the capital market, stating that the Nigerian Stock Exchange outperformed many of its peers with a 48.12% gain in 2025, consolidating a bullish run that began in the second half of 2023.
On external buffers, Tinubu disclosed that Nigeria’s foreign reserves stood at $45.4 billion as of December 29, 2025, providing a substantial cushion against external shocks, with expectations of further strengthening in 2026.
He noted that foreign direct investment rose sharply in the third quarter of 2025 to $720 million, up from $90 million in the preceding quarter, attributing the surge to renewed investor confidence affirmed by global credit rating agencies.
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On fiscal discipline, the President reiterated his administration’s commitment to tax reforms and harmonisation, aimed at reducing multiple taxation and creating a fair, competitive fiscal environment.
He said the reforms would help raise revenue sustainably and expand investment in infrastructure and human capital.
Addressing security, President Tinubu said economic progress must go hand in hand with peace and stability.
He disclosed that decisive actions were taken against terrorist targets in the North-West in collaboration with international partners, with sustained military operations continuing across affected regions.
He reaffirmed support for decentralised policing and regulated forest guards to combat insecurity.
The President further outlined plans to drive inclusive growth through the Renewed Hope Ward Development Programme, targeting the empowerment of at least 10 million Nigerians across all wards nationwide.
He said investments would continue in agriculture, infrastructure, healthcare, education, power, transport, and food security, assuring that all ongoing projects would proceed without interruption.
Calling for unity and shared responsibility, President Tinubu urged Nigerians to support nation-building efforts with patriotism and integrity, expressing confidence that collective resolve would position the country for sustained growth and prosperity in 2026.
He concluded by wishing Nigerians a peaceful, productive, and prosperous New Year, while reaffirming his commitment to protecting lives, property, and national stability.
(Editor: Terverr Tyav)
