By Patrick Idowu
President Bola Tinubu has assured Nigerians that 2026 will usher in a stronger phase of economic growth, with his administration determined to ensure that the gains of ongoing reforms reach every household.
In his New Year message, Tinubu said Nigeria ended 2025 with measurable economic progress despite global challenges, describing the reforms undertaken as “difficult but necessary” for long-term prosperity.
He said the economy recorded steady GDP growth in all quarters of 2025, with annual growth projected to exceed four percent. According to him, inflation declined to below 15 percent by year-end, while improved exchange rate stability, trade surpluses and a bullish stock market reflected growing investor confidence.
The president noted that the Nigerian Exchange posted a 48.12 percent gain in 2025, while foreign reserves rose to $45.4 billion as of December 29, providing a buffer against external shocks. He also disclosed that foreign direct investment increased to $720 million in the third quarter of the year, up from $90 million in the previous quarter.
On fiscal reforms, Tinubu said tax harmonisation would be intensified in 2026 to end multiple taxation and build a fair, competitive revenue system capable of funding infrastructure and social investments.
He stressed that economic growth must be matched with security, noting sustained military operations against terror networks in the north-west and north-east, and renewed cooperation with international partners. He also reiterated support for decentralised policing and regulated forest guards to combat banditry and terrorism.
The president said inclusive growth would be pursued through the Renewed Hope Ward Development Programme, aimed at empowering at least 10 million Nigerians across the country’s 8,809 wards.
Tinubu called on Nigerians to embrace unity, patriotism and shared responsibility in nation-building, wishing citizens a peaceful and prosperous New Year.
