Nigeria’s economic reforms under President Bola Tinubu have been credited with stabilising the naira and strengthening the nation’s external reserves.
According to the Hope Alive Initiative, a non-governmental organisation, recent macroeconomic indicators confirm that the administration’s bold policy decisions are beginning to yield results.
Data from the National Bureau of Statistics (NBS) show that Nigeria’s Gross Domestic Product (GDP) expanded by 4.23% year-on-year in Q2 2025, up from 3.48% in the same quarter of 2024.
Aggregate GDP rose to ₦100.73 trillion, compared to ₦84.48 trillion recorded a year earlier.
The group noted that external reserves now stand at $42 billion, boosting investor confidence and providing support for exchange rate stability.
At the same time, inflation has been on a consistent downward trend for six consecutive months with forecasts pointing towards single-digit levels by 2026.
Analysts link the improvements to several policy steps taken since 2023, including the removal of petrol subsidies, unification of the foreign exchange market, and fiscal consolidation measures, complemented by targeted social interventions.
The Hope Alive Initiative urged Nigerians to maintain confidence in the government’s direction, stressing that the economy is transitioning towards greater resilience and sustainability.