- President Bola Ahmed Tinubu has said 2026 will mark the start of a stronger phase of economic growth for Nigeria, with lower inflation and improved living conditions for citizens.
In his New Year message, the President said the government sustained major reforms throughout 2025, recording steady economic progress despite global economic challenges. He noted that the reforms, though difficult, are beginning to yield measurable results for the economy and ordinary Nigerians.
Tinubu stated that Nigeria closed 2025 with robust quarterly GDP growth, with annual growth projected to exceed four per cent. He added that trade surpluses were maintained, exchange rate stability improved, and inflation declined steadily to below 15 per cent.
According to him, inflation will be reduced further in 2026 to ensure the benefits of reform reach households across the country.
He also highlighted strong performance in the capital market, with the Nigerian Stock Exchange posting significant gains, while foreign reserves stood at over $45 billion, providing a buffer for the naira. Foreign direct investment, he said, rose sharply, reflecting renewed investor confidence in Nigeria’s economic direction.
On fiscal policy, Tinubu reaffirmed his administration’s commitment to discipline and tax reforms, including efforts to address multiple taxation and harmonise tax laws across all tiers of government to ease the burden on citizens and businesses.
The President stressed that economic growth must go hand in hand with security, noting continued military operations against terrorist and criminal elements, supported by international cooperation. He said security agencies will deepen collaboration with regional and global partners to eliminate threats to national stability.
Tinubu also outlined plans to drive inclusive growth through the Renewed Hope Ward Development Programme, aimed at empowering millions of Nigerians at the grassroots through agriculture, trade, mining and local enterprise. He assured that investments in infrastructure, healthcare, education, power and transport would continue without interruption.
Calling for unity and shared responsibility, the President urged Nigerians to support nation-building efforts and work together for a peaceful, productive and prosperous year.
He concluded by wishing Nigerians a happy New Year and reaffirming his commitment to protecting lives, property and the future of the country.
