President Bola Ahmed Tinubu has reaffirmed his administration’s commitment to strengthening national unity, defeating terrorism, and sustaining Nigeria’s economic recovery under the Renewed Hope Agenda.
Speaking at the Federal Executive Council (FEC) meeting in Abuja, President Tinubu hailed the success of Nigeria’s recent $2.35 billion Eurobond issuance, describing its oversubscription as a strong vote of confidence in the country’s economic reforms.
He said the positive response from global investors reflects trust in Nigeria’s direction despite external challenges, assuring that the government will continue to attract investment and consolidate reforms for long-term prosperity.
The President also emphasized his administration’s resolve to neutralize security threats nationwide, stressing that national development can only thrive in an atmosphere of unity, safety, and stability.
Minister of Finance, Wale Edun, who briefed the council, disclosed that Nigeria’s GDP grew by 4.23 percent in the second quarter of 2025 — the highest in a decade outside the post-COVID rebound.
He said 13 sectors recorded growth above 7 percent, while the industrial sector nearly doubled its growth to 7.45 percent, supported by increased productivity and investor confidence.
Mr. Edun further noted that inflation has eased to 18 percent, foreign reserves have risen to $43 billion, and trade surplus now stands at ₦7.4 trillion — all signaling macroeconomic stability.
He assured that the government will sustain reforms focused on job creation, fiscal discipline, and inclusive growth, as Nigeria works toward achieving a ₦1 trillion economy by 2030 with an annual growth target of 7 percent by 2027.
Bello Wakili
