President Bola Ahmed Tinubu has welcomed the latest Gross Domestic Product (GDP) figures released by the National Bureau of Statistics (NBS), describing the 4.43 per cent growth recorded in the second quarter of 2026 as evidence that Nigeria’s economy is responding positively to ongoing reforms.
The NBS figures show that the economy grew by 4.43 per cent in Q2 2026, compared with 4.23 per cent recorded in the corresponding quarter of 2025.
The growth was recorded across key sectors of the economy, including agriculture, manufacturing, oil and gas, and services. The services sector maintained its position as the largest contributor to Nigeria’s aggregate GDP.
In nominal terms, Nigeria’s GDP stood at N119.27 trillion in the second quarter of 2026, representing an 18.43 per cent increase from the N100.7 trillion recorded in the same period last year.
Reacting to the figures on Monday, President Tinubu said the latest economic performance demonstrated that the difficult reforms introduced by his administration over the past three years were beginning to produce tangible results.
According to the President, his administration deliberately undertook difficult economic reforms to stabilise the economy and lay the foundation for sustainable growth and prosperity.
“The results of the efforts are becoming very clear to all: The Renewed Hope Agenda is working,” Tinubu said.
He pointed to what he described as improvements in Nigeria’s trade position, foreign reserves, credit rating, infrastructure development and oil and gas production as further indications of progress.
Tinubu also highlighted the return of investors, the absence of strikes in the nation’s universities and the expansion of student loans through the Nigerian Education Loan Fund (NELFUND), as well as access to affordable credit for civil servants through the Credit Corporation.
The President acknowledged that challenges remain, particularly for vulnerable Nigerians, and said his administration would intensify measures aimed at easing the impact of economic difficulties on households.
He said the government would, in the coming weeks, introduce measures to provide cheaper transportation, increase food production and implement relief programmes targeted at communities and vulnerable groups.
Tinubu further assured Nigerians that his administration remained focused on ensuring that economic growth translates into improved living standards.
“We are fully committed to translating consistent, stronger economic performance into better microeconomic outcomes for our citizens,” he said.
The President also called for vigilance to ensure that the gains recorded in the economy are sustained and remain irreversible.
The statement was signed by Bayo Onanuga, Special Adviser to the President on Information and Strategy, on August 31, 2026.