President Bola Tinubu has welcomed Nigeria’s 4.43 per cent Gross Domestic Product, GDP, growth in the second quarter of 2026, saying his administration will not relent in its efforts to strengthen the economy and improve citizens’ welfare.
Bayo Onanuga, Special Adviser to the President on Information and Strategy, disclosed this in a statement on Monday.
The National Bureau of Statistics, NBS, had reported that the Q2 2026 GDP growth surpassed the 4.23 per cent recorded in the corresponding quarter of 2025.
The report also showed growth in the agriculture, manufacturing, oil and gas, and services sectors, with the services sector maintaining the largest contribution to the aggregate GDP.
Nigeria’s nominal GDP stood at N119.27 trillion in Q2 2026, representing an 18.43 per cent increase from N100.7 trillion recorded in Q2 2025.
Reacting to the figures, Tinubu said the latest economic data indicated that the reforms introduced by his administration were yielding results.
“In the past three years, we tried to do the hard part by implementing the necessary reforms to stabilise the economy.
“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,” he said.
The President listed trade surpluses, improved foreign reserves, stronger credit rating, increased oil and gas production and renewed investor interest as signs of progress.
He, however, said the government would continue to implement measures to cushion the effects of economic challenges on vulnerable Nigerians.
“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,” Tinubu said.
He assured Nigerians that his administration would remain focused on translating economic growth into improved living standards.
“We are fully committed to translating consistent, stronger economic performance into better microeconomic outcomes for our citizens,” he said.
