President Bola Ahmed Tinubu on Friday stated that Nigeria’s economic reforms are yielding measurable gains, citing moderating inflation, improved growth, rising reserves, and a resurgence in investor confidence.
Presenting the 2026 Budget to the National Assembly, Tinubu disclosed that the economy grew by 3.98 per cent in the third quarter of 2025, up from 3.86 per cent recorded in the same period of 2024.
He also announced that inflation had declined for eight consecutive months, falling to 14.45 per cent in November 2025, down from 24.23 per cent in March 2025, attributing the trend to stabilising food and energy prices, tighter monetary policy, and improved supply conditions.
The President further revealed that Nigeria’s external reserves rose to about $47 billion, the highest level in seven years, providing more than 10 months of import cover.
Tinubu said oil production had improved due to enhanced security, technology deployment, and sector reforms, while non-oil revenue expanded significantly through better tax administration.
According to him, capital inflows, renewed project financing, and increased private-sector participation demonstrate a gradual return of investor confidence, adding that the government’s next objective is to deepen these gains to achieve inclusive and sustainable growth.
