President Tinubu highlights economic growth and reform impact following Q2 2026 GDP report
President Bola Tinubu welcomed the National Bureau of Statistics report showing Nigeria's Gross Domestic Product grew by 4.43 percent in the second quarter of 2026, an increase from 4.23 percent in the same period of 2025. The President, through his Special Adviser on Information and Strategy, Bayo Onanuga, stated that these figures demonstrate the effectiveness of his administration's economic reforms. The NBS report also indicated growth in agriculture, manufacturing, the oil and gas sector, and the services sector, which now significantly contributes to the aggregate GDP. In nominal terms, the country's aggregate GDP for Q2 stood at N119.27 trillion, an 18.43 percent rise from N100.7 trillion recorded last year. President Tinubu noted that the timing of this report is significant, especially as opposition figures continue to question his administration's achievements and propose policy reversals. He asserted that the "Renewed Hope Agenda is working," citing outcomes such as trade surpluses, foreign reserves at a 17-year high, and an improved credit rating. He also mentioned ongoing infrastructure projects, returning investors, increased oil and gas production, the absence of university strikes, and the NELFUND student loan program. The President announced that further relief measures for vulnerable Nigerians, including cheaper transport, increased food production, and various grassroots programs, would be introduced in the coming weeks. He pledged that the administration w
