President Bola Ahmed Tinubu has welcomed the National Bureau of Statistics report showing Nigeria’s Gross Domestic Product grew by 4.43 per cent in the second quarter of 2026, up from 4.23 per cent in Q2 2025.
In a statement issued on Monday, August 31, 2026, by his Special Adviser on Information and Strategy, Bayo Onanuga, the President said the report showed growth across agriculture, manufacturing, oil and gas, and the service sector, which now dominates the economy.
In nominal terms, aggregate GDP stood at N119.27 trillion in Q2 2026, an 18.43 per cent increase from N100.7 trillion recorded in the same period last year.
President Tinubu said the timing of the report was significant, noting that the opposition had sought to downplay his administration’s efforts since May 2023.
“In the past three years, we tried to do the hard part by implementing the necessary reforms to stabilise the economy. Now the economy is stabilised, and we have laid the foundation for a prosperous nation,” he said.
He listed some gains to include trade surpluses, foreign reserves at a 17-year high, improved credit rating, increased oil and gas production, ongoing infrastructure projects, and no university strikes. He also cited NELFUND student loans and affordable credit for civil servants through Creditcorp.
The President added that in the coming weeks, government would roll out cheaper transport, ramp up food production, and implement relief programmes for vulnerable Nigerians.
“Under our watch, the economy is on the irreversible path to experience even more growth that all homes will feel at the dining table and in their pockets,” Tinubu stated.
“We are fully committed to translating consistent, stronger economic performance into better microeconomic outcomes for our citizens.”
