Tinubu promises stronger economy and reforms in New Year speech
Bola Tinubu addressed the nation in his New Year speech, projecting a more robust phase of economic growth for Nigeria. He highlighted moderating inflation, improved foreign reserves, and rising investment inflows as signs of progress from recent reforms. The President emphasized ongoing efforts in tax reform, infrastructure investment, and security operations. He called for unity and collective responsibility to achieve national objectives in 2026.
What we know
- Bola Tinubu stated that 2026 would mark the start of stronger economic growth, with reforms from 2025 showing positive results.
- Inflation reportedly declined below 15 percent by the end of 2025, with GDP growth expected to exceed 4 percent for the year.
- Nigeria’s foreign reserves stood at $45.4 billion as of December 29, 2025, providing stability for the Naira.
- Foreign direct investment rose to $720 million in the third quarter of 2025, up from $90 million in the preceding quarter.
- Security operations intensified after actions against terrorist targets in the Northwest on December 24, with ongoing efforts to strengthen national security.
