President Bola Tinubu has expressed his approval of a recent report showing that Nigeria's economy grew by 4.43% in the second quarter of 2026, compared to 4.23% in the same period last year. This growth is attributed to improvements in agriculture, manufacturing, oil and gas, and the service sector, which now plays a major role in the economy. The total economic output, or GDP, reached approximately N119.27 trillion, which is an increase of 18.43% from the previous year. Tinubu highlighted that this positive news comes at a time when political opponents have been criticizing his administration since it began in May 2023. He emphasized that his government has worked hard to implement necessary reforms to stabilize the economy, leading to significant improvements such as increased foreign reserves, better credit ratings, and a return of investors. Additionally, there are no longer strikes in universities, and student loans are being made available to help with education costs. Tinubu assured that his government is focused on continuing this economic growth and addressing challenges faced by vulnerable populations, including providing affordable transport and food production. He believes that these efforts will lead to a better quality of life for Nigerians.
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