President Bola Ahmed Tinubu has welcomed the latest economic figures showing that Nigeria GDP growth accelerated to 4.43 per cent in the second quarter of 2026.
The figure, released by the National Bureau of Statistics, represents an improvement from the 4.23 per cent recorded in the corresponding quarter of 2025. The latest report also recorded growth across agriculture, manufacturing, oil and gas, as well as the services sector.
In nominal terms, Nigeria’s GDP stood at N119.27 trillion during the quarter, representing an 18.43 per cent increase compared with the N100.7 trillion recorded in Q2 2025.
Reacting to the figures, Tinubu said the latest report was evidence that the economic reforms introduced by his administration were beginning to produce measurable results.
According to the President, his government spent the past three years implementing difficult reforms aimed at stabilising the economy and creating conditions for long-term growth.
He said the administration’s policies had contributed to improvements in areas including foreign reserves, trade, credit ratings, infrastructure development and oil and gas production.
“The results of the efforts are becoming very clear to all: The Renewed Hope Agenda is working,” Tinubu said.
The President also pointed to government programmes supporting students and civil servants, including student loans through NELFUND and affordable credit through the Credit Corporation.
He said the government would next focus on easing pressure on vulnerable Nigerians through cheaper transportation, increased food production and other relief measures.
Tinubu said the administration was committed to ensuring that stronger economic performance eventually translates into improved living conditions for households.
“We are fully committed to translating consistent, stronger economic performance into better microeconomic outcomes for our citizens,” he stated.
The latest Nigeria GDP growth figures come as the administration continues to defend its economic reform programme, while emphasising that the gains recorded must be sustained over time.
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