President Bola Ahmed Tinubu has said Nigeria’s economic outlook has improved three and a half years into his administration, citing growth in both the oil and non-oil sectors, falling inflation, rebuilt foreign reserves and improved foreign exchange stability.
Speaking in his Independence Day address on Thursday, Tinubu said:
“Three and a half years later, the evidence that Nigeria’s economic outlook has improved is undeniable. Our economy has grown by over 4 per cent this year. Both oil and non-oil sectors have contributed to the renewed period of stable growth.
He further stated; “Oil theft is down. Inflation has fallen substantially from its peak. Our foreign reserves have been rebuilt, our foreign exchange market has stabilised, and in 2025 this country recorded its highest revenue from non-oil exports in its history, exceeding $6 billion. This is real money being made by real Nigerian businesses.
“These are not idle claims. International observers, journalists, NGOs and multilateral institutions can see the change. Each has concluded that our reforms have strengthened Nigeria’s economic stability and resilience. The private sector has long since delivered its verdict, and foreign direct investment continues to rise each year.”
Tinubu said the country had reached a turning point, adding that the government’s focus would now shift from correcting the nation’s economic course to achieving “shared and widespread prosperity.”
