Nigeria's GDP Growth Reaches 4.43% Under Tinubu

President Bola Tinubu declared that Nigeria's economy has transitioned beyond the stabilization phase, with the Gross Domestic Product (GDP) growth rate accelerating to 4.43% in the second quarter of 2026 (Q2 2026), compared to 3.89% in the previous quarter and surpassing the 4.23% recorded in Q2 2025. This growth was primarily driven by robust performances in agriculture and services, although the industrial sector experienced a contraction.

Tinubu, through his Special Adviser on Information and Strategy, Bayo Onanuga, stated that the timing of the report is significant, especially amid opposition claims aimed at undermining the administration's efforts since May 2023. He highlighted that the administration's reforms have led to trade surpluses, increased foreign reserves, improved credit ratings, and a return of investors.

Tinubu also mentioned ongoing initiatives to support vulnerable populations, including affordable transport and food production, aiming to ensure that economic growth translates into tangible benefits for households.