Tinubu vows to crush terrorism as Nigeria’s economy shows strong rebound
President Bola Tinubu has reaffirmed his government’s determination to defeat terrorism and criminality while deepening global partnerships to secure Nigeria’s future.
Speaking after an economic briefing at Thursday’s Federal Executive Council meeting, Tinubu said his administration remained committed to moving the nation forward under the Renewed Hope Agenda, despite the political and security challenges confronting it.
“The task ahead is immense,” the President said. “But we are resolved to move forward with unity and purpose, to defeat terrorism and build a prosperous, inclusive, and resilient Nigeria.”
Tinubu also hailed the oversubscription of Nigeria’s latest Eurobond, describing it as proof of global confidence in the country’s economic direction. “Despite political headwinds and fears, our partners have continued to engage with confidence,” he added.
Finance Minister and Coordinating Minister of the Economy, Wale Edun, in his presentation, said the administration’s reforms were yielding solid economic gains. He noted that Nigeria’s Gross Domestic Product grew by 4.23 per cent in the second quarter of 2025 — the strongest expansion in a decade, excluding the post-COVID rebound.
According to Edun, 13 sectors recorded growth above seven per cent, up from nine in the previous quarter, while the industrial sector almost doubled its output growth from 3.72 to 7.45 per cent. Inflation, he said, had dropped to 18 per cent by December, foreign reserves had risen above $43 billion, and the trade surplus had widened to ₦7.4 trillion.
Edun described these figures as clear evidence of improving productivity, stronger investor confidence, and better living standards. He revealed that Nigerians now spend about half their income on basic needs — compared to 90 per cent previously — signalling an economy gradually shifting from survival to stability.
He also pointed to Nigeria’s removal from the Financial Action Task Force (FATF) grey list as a major boost to the country’s financial reputation. Global institutions, including the IMF and World Bank, have upgraded Nigeria’s growth forecasts and credit ratings, citing strong reform momentum.
Edun highlighted the recent €2.35 billion Eurobond issuance, which drew over $13 billion in investor orders, as a sign of continued faith in Tinubu’s leadership.
He stressed that both domestic and foreign investments must keep growing to meet the administration’s target of a $1 trillion economy by 2030, with an annual growth rate of at least seven per cent by 2027.