President Bola Tinubu has declared that Nigeria’s economy is showing strong signs of recovery, citing the country’s second-quarter growth as proof that the reforms introduced by his administration are beginning to yield results. According to figures released by the National Bureau of Statistics in September, the nation recorded a gross domestic product growth of 4.23 percent in the second quarter of 2025, a pace described as the fastest in four years. The figure outstripped the International Monetary Fund’s 3.4 percent projection for the period.
Tinubu, in his Independence Day broadcast on Tuesday, highlighted the achievement as evidence of the government’s efforts to stabilize and strengthen the economy. He stressed that the outcome was not coincidental but the result of reforms initiated more than two years ago, which, he said, are now delivering measurable gains across various sectors. He pointed to a significant drop in inflation, which declined to 20.12 percent in August 2025, marking its lowest level in three years. The president explained that the administration is also focusing on agricultural expansion to enhance food security and bring down food prices, a key driver of household expenses.
The latest performance follows a first-quarter GDP growth rate of 3.13 percent, which was higher than the 2.27 percent recorded in the same quarter of 2024. Analysts noted that the second quarter results reflect increased economic activity and are a sign that policy measures are beginning to take effect. For Tinubu, the figures represent renewed hope that the country’s economy is on the right track, as the pace of growth has now moved beyond projections made by international financial institutions.
