President Says Economic Reforms Driving Growth, Lower Inflation and Stronger Reserves
President Bola Ahmed Tinubu has disclosed that foreign direct investment (FDI) inflows surged to $720 million in the third quarter of 2025, up sharply from $90 million recorded in the previous quarter.
The President made the disclosure in his New Year address to Nigerians, describing the increase as a clear signal of growing investor confidence in Nigeria’s economic reforms.
According to Tinubu, the rebound in foreign investment reflects positive market sentiment toward the country’s economic direction.
“Foreign direct investment is also responding positively,” the President said.
“In the third quarter of 2025, FDI rose to $720 million, up from $90 million in the preceding quarter, reflecting renewed investor confidence in Nigeria’s economic direction, which global credit rating agencies, including Moody’s, Fitch and Standard & Poor’s, have consistently affirmed and applauded.”
Strong GDP Growth Despite Inflation Control Measures
Tinubu said Nigeria ended 2025 on a strong economic footing, recording robust gross domestic product (GDP) growth across all quarters, even as the government implemented policies aimed at taming inflation.
He disclosed that annualised GDP growth is projected to exceed four per cent for the year, while the country also maintained trade surpluses and recorded improved exchange-rate stability.
The President added that inflation declined steadily during the year, falling below 15 per cent, in line with the administration’s target.
“In 2026, we are determined to reduce inflation further and ensure that the benefits of reform reach every Nigerian household,” he said.
Stock Market Rally and Rising Reserves
Tinubu also highlighted strong performance in the capital market, noting that the Nigerian Stock Exchange outperformed its peers in 2025, posting a 48.12 per cent gain and extending a bullish trend that began in the second half of 2023.
He further revealed that Nigeria’s foreign reserves stood at $45.4 billion as of December 29, 2025, attributing the position to sound monetary policy management.
According to the President, the reserve level provides a solid buffer against external shocks to the naira and is expected to strengthen further in the new year.
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