President Bola Ahmed Tinubu has reaffirmed his administration’s unwavering commitment to defeating terrorism, consolidating economic reforms, and sustaining Nigeria’s growth trajectory. Speaking at the Federal Executive Council (FEC) meeting in Abuja on Thursday, the President said the country’s steady economic recovery and increased investor confidence reflect the success of ongoing reforms under the Renewed Hope Agenda
Speaking at Thursday’s Federal Executive Council (FEC) meeting in Abuja, following the swearing-in of two new ministers — Dr. Bernard Mohammed Doro (Humanitarian Affairs and Poverty Reduction) and Dr. Kingsley Tochukwu Udeh (SAN) (Innovation, Science and Technology) — President Tinubu said Nigeria’s relationship with global partners remains strong and increasingly productive.
“The most important thing is that despite the political headwinds and the fears of our people, we will continue to engage with partners,” the President said. “The success of the $2.3 billion Eurobond, oversubscribed by 400 percent, is the most assuring. We are engaging the world diplomatically, and we will defeat terrorism in this country.”
The President stressed that his administration remains committed to unity, stability, and prosperity, guided by the Renewed Hope Agenda, and that government institutions must maintain clarity and consistency in communication to avoid mixed messaging.
“Do we have problems? Yes. Are we challenged by terrorism? Yes. But we will defeat terrorism. We will overcome every obstacle. Nigeria is one family, and we shall spare no effort until we eliminate all criminals from our society,” he declared.
President Tinubu also tasked the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, to brief the Council on the nation’s economic performance.
Presenting his report, Edun said the economy had achieved its strongest performance in a decade, with GDP growth rising to 4.23% in Q2 2025, driven by expansion across 13 sectors — up from nine in the previous quarter.
He noted that the industrial sector nearly doubled its growth rate to 7.45%, inflation eased to 18.02%, foreign reserves climbed above $43 billion, and Nigeria recorded a ₦7.4 trillion trade surplus.
“These are clear indicators of macroeconomic stability,” Edun said. “The reforms under the Renewed Hope Agenda, though bold and sometimes unpopular, are building a competitive economy that attracts investment, creates jobs, and lifts millions out of poverty.”
Edun added that the government’s vision of achieving a $1 trillion economy by 2030 remains attainable with sustained 7% annual growth and targeted poverty reduction. He also cited Nigeria’s removal from the FATF Grey List as a major milestone in restoring global confidence in the country’s financial system.
He further revealed that the recently issued $2.35 billion Eurobond, which drew over $13 billion in orders, reflected the international market’s strong confidence in Nigeria’s economic fundamentals and reform trajectory.
Edun urged ministers in key sectors — including infrastructure, mining, education, health, agriculture, and digital innovation — to collaborate with state governments to identify and structure projects that can attract both local and foreign investment.
“Every Naira must be optimised to sustain momentum amid global liquidity constraints,” he said. “The next phase of reforms will remove barriers holding back investors and stimulate productivity across sectors.”
President Tinubu concluded by reiterating his administration’s unwavering determination to restore security, drive inclusive growth, and strengthen Nigeria’s global partnerships, saying:
“The task ahead is immense, but our resolve is firm — to move forward with unity, purpose, and faith in the promise of a prosperous, resilient Nigeria.”
