President says Q2 2026 growth shows reforms are working as government shifts focus to jobs, purchasing power and household welfare.
President Bola Tinubu has welcomed Nigeria’s 4.43 per cent Gross Domestic Product (GDP) growth recorded in the second quarter of 2026, describing the performance as evidence that his administration’s economic reforms are yielding results.
According to the National Bureau of Statistics (NBS), the Q2 2026 growth rate increased from 4.23 per cent recorded in the same quarter of 2025. Nominal GDP also rose to ₦119.27 trillion, an 18.43 per cent increase from ₦100.7 trillion recorded in Q2 2025.
The NBS report showed growth across key sectors, including agriculture, manufacturing, oil and gas, while the services sector remained the largest contributor to the economy.
Reacting to the figures, President Tinubu said the government had spent the past three years implementing difficult reforms to stabilise the economy and create the foundation for sustainable growth.
He said the latest figures demonstrated that the Renewed Hope Agenda was working, citing improved foreign reserves, trade surpluses, stronger credit ratings and rising oil and gas production as signs of progress.
President Tinubu, however, acknowledged that economic growth must ultimately translate into improved living conditions for Nigerians.
He said the administration would focus on measures aimed at reducing transportation costs, increasing food production and providing relief for vulnerable citizens.
The President also highlighted government initiatives including student loans through NELFUND and affordable credit for civil servants through CreditCorp, alongside investments in roads, railways and other infrastructure.
President Tinubu said his administration remained committed to ensuring that stronger macroeconomic performance translates into improved purchasing power, employment opportunities and better household welfare.
He urged Nigerians to remain vigilant and support efforts to sustain the economic gains recorded so far, insisting that the country was on a path towards stronger and more inclusive growth.