President Bola Tinubu has said Nigeria’s economy is rebounding strongly, citing a 4.23% growth in the nation’s gross domestic product, GDP, during the second quarter of 2025. The National Bureau of Statistics described the performance, released in September, as the fastest pace of expansion in four years.
In his Independence Day address, the president noted that the figure surpassed the International Monetary Fund’s 3.4% projection, attributing the progress to reforms introduced over the past two years. He also pointed to a fall in inflation to 20.12% in August, the lowest in three years.
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Tinubu stressed that his administration is intensifying efforts to boost agricultural output and stabilise food prices. Earlier figures showed Q1 2025 GDP growth at 3.13%, higher than the 2.27% recorded in early 2024.
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