President Bola Ahmed Tinubu has officially ushered in the new year with a message of renewed hope, declaring 2026 as the beginning of a more robust phase of economic growth for Nigeria.
In a comprehensive New Year address, the President expressed gratitude to citizens for their resilience and affirmed that the momentum gained from major reforms in 2025 has set the nation on a clear path toward sustainable prosperity and exchange rate stability.
Reflecting on the progress of the past year, the President highlighted that Nigeria successfully navigated global economic headwinds to record tangible gains. A key milestone noted was the steady decline of inflation, which has now dropped below the 15 per cent target. This cooling of price pressures, coupled with a robust GDP growth expected to exceed 4 per cent for 2025, serves as a testament to the effectiveness of the administration’s fiscal reset and monetary policies.
The President also pointed to the exceptional performance of the Nigerian Stock Exchange, which posted a remarkable 48.12 per cent gain in 2025. This bullish trend is supported by a significant rise in Foreign Direct Investment (FDI), which surged to $720 million in the third quarter of 2025, up from $90 million in the previous quarter. Tinubu noted that this influx of capital reflects a renewed global confidence in Nigeria’s economic direction, a sentiment echoed by leading credit rating agencies such as Moody’s, Fitch, and Standard & Poor’s.
Bolstering the nation’s financial security, Nigeria’s foreign reserves stood at $45.4 billion as of late December 2025. President Tinubu emphasized that this substantial buffer will continue to protect the Naira against external shocks as the administration moves into a critical phase of tax reform.
The 2026 agenda focuses on harmonizing the tax system across all tiers of government to eliminate the burden of multiple taxation, thereby creating a fairer environment for businesses and households alike.
As the government begins the implementation of the 2026 Appropriation Bill, the President assured Nigerians that moderating interest rates will create more fiscal space for vital investments in infrastructure and human capital.
He concluded by calling for continued patience and unity of purpose, promising that the benefits of these macro-economic achievements will be felt concretely in the lives of every Nigerian through shared prosperity and long-term stability.
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