Tinubu Unveils Economic Reforms at Nigerian Summit
President Bola Tinubu, represented by Vice President Kashim Shettima, addressed the 32nd Nigerian Economic Summit in Abuja, stating that his administration is working to rewrite Nigeria's history of economic underperformance. He cited a GDP growth of 3.89 percent in the first quarter of 2026, up from 3.13 percent in 2025, with non-oil activities contributing 96.08 percent of GDP.
Tinubu noted that capital importation reached $10.37 billion, an increase of 83.83 percent from the previous year. He emphasized the importance of dismantling structural barriers to harness Nigeria's resources for prosperity and mentioned ongoing reforms in electricity, agriculture, and solid minerals.
United Nations Deputy Secretary-General Amina Mohammed acknowledged the reforms' progress but called for their urgent consolidation. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyed, was also present at the event.
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