Tinubu Projects Lower Inflation, Stronger Growth in 2026
President Bola Tinubu has projected that 2026 will mark the beginning of a more robust phase of economic growth for Nigeria, citing easing inflation, improved foreign reserves, rising investment inflows, and sustained GDP expansion as evidence that recent reforms are beginning to take hold.
In his New Year address to the nation on Thursday, the President said fiscal, monetary, and structural reforms implemented in 2025 had helped stabilise key economic indicators despite global economic headwinds. He pledged to consolidate these gains in 2026 through deeper tax reforms, increased infrastructure spending, and expanded social and security interventions.
According to Tinubu, Nigeria closed 2025 with steady quarterly GDP growth, with annual growth expected to exceed four per cent. He said inflation declined to below 15 per cent, trade surpluses were maintained, and exchange rate stability improved. The President also noted that Nigeria’s foreign reserves stood at $45.4 billion as of December 29, 2025, while foreign direct investment rose sharply in the third quarter of the year.
On fiscal policy, Tinubu reaffirmed his administration’s commitment to tax harmonisation and fiscal discipline, describing the new tax reforms as critical to building a fair and competitive revenue system capable of funding infrastructure and social development. He urged states to align with the national tax harmonisation agenda to reduce the burden of multiple taxation.
The President also addressed security concerns, stating that military operations against terrorist and criminal networks would be intensified in 2026 through deeper cooperation with regional and international partners. He reiterated support for decentralised policing arrangements, subject to accountability safeguards.
On inclusive growth, Tinubu said the government would accelerate the Renewed Hope Ward Development Programme, targeting the empowerment of at least 10 million Nigerians through agriculture, trade, mining, and small-scale enterprise development, while continuing investments in roads, power, ports, healthcare, and education.
Calling for national unity, the President urged Nigerians to support ongoing reforms, describing nation-building as a shared responsibility necessary to secure long-term stability and prosperity.
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