President Bola Ahmed Tinubu has declared that Nigeria’s economy is on a strong path to recovery, with his administration’s reforms delivering measurable results.
He announced that the nation’s external reserves climbed to $42.03 billion in September 2025, the highest level recorded since 2019.
In his 65th Independence Day broadcast on Wednesday, the President said Nigeria’s economy is gathering momentum, citing 4.23% GDP growth in Q2 2025 — the fastest pace in four years and well above the IMF’s 3.4% projection.
Tinubu further noted that inflation fell to 20.12% in August 2025, the lowest in three years, stressing that his government is committed to expanding agricultural production and strengthening food security to bring down food prices.
12 Milestones in Economic Recovery
Highlighting twelve major achievements under his economic reform agenda, the President said Nigeria’s external reserves had grown stronger than at any point in the last three years.
He also pointed out that Nigeria had posted five consecutive quarters of trade surplus, a development he described as a “pivotal shift” in the economy. “For the first time in decades, Nigeria is firmly a net exporter, selling more goods and services abroad than it imports,” Tinubu said.
Naira Stability and FX Reforms
The President also highlighted progress in stabilising the naira. After years of volatility, he said the currency had become more resilient, with the gap between the official and parallel market exchange rates narrowing significantly.
According to him, this improvement is the direct result of foreign exchange unification policies, combined with increased capital inflows and higher remittances from Nigerians in the diaspora.
Tinubu assured Nigerians that his administration will continue to consolidate these gains, while pursuing policies that drive inclusive growth, attract investment, and restore long-term confidence in the economy.
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