?President Bola Ahmed Tinubu has welcomed the latest Gross Domestic Product report from the National Bureau of Statistics, which indicates that Nigeria’s economy expanded by 4.43 percent in the second quarter of 2026, compared to 4.23 percent recorded in Q2 2025.
?The NBS data highlights positive performance across critical sectors, including agriculture, manufacturing, oil and gas, and services, with the services sector continuing to account for the largest share of aggregate GDP.
In nominal terms, Nigeria’s Q2 2026 aggregate GDP reached ?119.27 trillion, marking an 18.43 percent increase from the ?100.70 trillion recorded in the corresponding quarter of 2025.
?Reacting to the figures, President Tinubu stated that the performance validates the structural economic reforms introduced by his administration since May 2023.
He noted that three years of policy interventions have stabilized the macroeconomy, setting the stage for sustainable long-term prosperity.
?Highlighting key indicators of progress, the President pointed to expanding trade surpluses, foreign reserves reaching a 17-year high, upgraded national credit ratings, renewed foreign investor interest, and rising domestic oil and gas production.
He also emphasized ongoing infrastructure investments in roads and railways, stable academic calendars in public tertiary institutions, and the operational rollouts of the Nigerian Education Loan Fund (NELFUND) and Consumer Credit Corporation (CREDITCORP).
?To cushion economic pressures on vulnerable households, President Tinubu announced that the Federal Government will deploy additional targeted interventions over the coming weeks,
including affordable public transportation options, agricultural initiatives to boost domestic food production, and direct relief programs.
?Reaffirming his administration's commitment, the President assured that policy focus will remain anchored on converting sustained macroeconomic growth into tangible improvements in household welfare, purchasing power, and living standards across the country.
