Tinubu says Nigeria’s GDP grew by 4.23%, inflation dropped to 20.12% as reserves hit $42.03bn

President Bola Ahmed Tinubu on Wednesday marked Nigeria’s 65th Independence Anniversary with a review of his administration’s economic reforms, presenting figures he described as evidence of a nation “turning the corner” after years of instability.

Speaking in Abuja, the president disclosed that the country’s Gross Domestic Product (GDP) expanded by 4.23 percent in the second quarter of 2025, Nigeria’s fastest growth rate in four years, and above the 3.4 percent projection of the International Monetary Fund. He added that inflation eased to 20.12 percent in August 2025, its lowest level in three years.

“Under our leadership, our economy is recovering fast, and the reforms we started over two years ago are delivering tangible results,” Tinubu said.

By Mayowa Oladeji

Full story at Ripples Nigeria