President Bola Tinubu said Nigeria is entering a more robust phase of economic growth in 2026, citing reform gains in 2025, increased investor confidence, and improved macroeconomic indicators.
In his January 1 address, Tinubu said GDP growth was recorded in every quarter of 2025, with annualized growth expected to exceed 4%.
Inflation fell steadily, dropping below 15% by year-end, while external reserves reached $45.4 billion as of Dec. 29, 2025.
The Nigerian Stock Exchange gained 48.12% in 2025, continuing a bullish run that began in mid-2023.
Tinubu said foreign direct investment rose sharply in the third quarter of 2025 to $720 million, up from $90 million in the prior quarter.
He attributed the growth to renewed investor confidence supported by favorable assessments from credit rating agencies including Moody’s, Fitch and S&P.
Tinubu said 2026 would mark a critical phase in tax reform, with a focus on harmonizing systems across all levels of government to reduce the burden on consumers and businesses.
He commended states aligning with the national tax harmonization agenda and said the reforms would support long-term infrastructure and social investment.
He said 2026 would prioritize lowering inflation, expanding job creation through local industries, and improving public services.
“Nation-building is a shared responsibility,” Tinubu said, urging citizens to unite in delivering “tangible improvements” for all Nigerians.
