Tinubu Hails 4.43% Q2 GDP Growth, Says Nigeria’s Economy on Irreversible Path

President Bola Ahmed Tinubu has welcomed Nigeria’s 4.43 per cent Gross Domestic Product (GDP) growth in the second quarter of 2026, describing the latest figures as evidence that the country’s economy is responding positively to his administration’s reforms.

The National Bureau of Statistics (NBS), in its latest report, said Nigeria’s real GDP grew by 4.43 per cent in Q2 2026, compared with 4.23 per cent recorded in the corresponding quarter of 2025.

Growth was recorded across key sectors of the economy, including agriculture, manufacturing, oil and gas, and services, which remain the largest contributors to Nigeria’s overall economic output.

In nominal terms, the country’s aggregate GDP stood at ₦119.27 trillion in the second quarter, representing an 18.43 per cent increase from the ₦100.7 trillion recorded in Q2 2025.

Reacting to the figures, Tinubu said the performance came at a significant time for his administration, which has faced criticism over the economic impact of its reforms since taking office in May 2023.

According to the President, the government spent the past three years implementing difficult but necessary reforms aimed at stabilizing the economy and creating the foundation for sustainable growth.

“In the past three years, we tried to do the hard part by implementing the necessary reforms to stabilize the economy. Now the economy is stabilized, and we have laid the foundation for a prosperous nation,” Tinubu said.

He pointed to rising oil and gas production, improved foreign reserves, stronger credit ratings, trade surpluses and increased infrastructure investment as signs of progress under his administration.

The President also highlighted the return of investors, uninterrupted academic activities in universities and interventions through the Nigeria Education Loan Fund (NELFUND) and the Credit Corporation as part of the government’s broader economic agenda.

Tinubu acknowledged the challenges still facing vulnerable Nigerians and pledged to intensify efforts to lower transportation costs, boost food production and implement targeted relief programmes to ease economic pressures across the country.

He said the ultimate objective was to ensure that economic growth translates into tangible improvements in household incomes and living standards.

“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,” the President stated.

Tinubu assured Nigerians that his administration would remain focused on sustaining the growth trajectory while ensuring that macroeconomic gains translate into stronger microeconomic outcomes for citizens.