President Bola Tinubu has restated his administration’s determination to defeat terrorism and steer Nigeria toward prosperity under the Renewed Hope Agenda, despite ongoing political and security challenges.
Speaking after a briefing by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, at Thursday’s Federal Executive Council (FEC) meeting, Tinubu said the government would continue to engage global partners and push forward with economic reforms aimed at stabilising the nation.
“The task ahead is immense,” Tinubu said. “But we are resolved to move forward with unity and purpose, to defeat terrorism and build a prosperous, inclusive, and resilient Nigeria.”
The President’s remarks came amid tensions following U.S. President Donald Trump’s threat to deploy American troops to Nigeria if the government fails to curb the killing of Christians. Reports from The New York Times also suggested that the U.S. military was drawing up contingency plans for possible airstrikes in Nigeria.
Tinubu, however, stressed that Nigeria remains committed to its sovereignty and to global cooperation rooted in mutual respect. He pointed to the successful oversubscription of Nigeria’s recent Eurobond as proof of international confidence in the nation’s economic direction.
During the briefing, Minister Wale Edun highlighted steady progress across key sectors, noting that GDP grew by 4.23% in Q2 2025 — the strongest in a decade outside the post-COVID rebound. He added that 13 sectors expanded above 7%, while inflation dropped to 18% last December and foreign reserves surpassed $43 billion.
Edun also disclosed that Nigeria’s recent removal from the Financial Action Task Force (FATF) grey list has boosted investor confidence, with institutions like the IMF and World Bank upgrading growth projections.
He revealed that the €2.35 billion Eurobond issued on Tuesday attracted over $13 billion in investor orders — a sign of renewed global faith in Nigeria’s economy.
The minister outlined next steps, including further investment reforms, tariff reviews, and collaborations between federal and state governments to attract large-scale private capital.
Meanwhile, the Secretary to the Government of the Federation, Senator George Akume, announced the passing of former Minister and Senator Solomon Ewuga, and former Chief of Staff, General Mohammed Abdullahi. The FEC observed a minute’s silence in their honour.
