President Tinubu Announces 2026 as the Beginning of a Period of Enhanced Economic Growth

President Bola Tinubu announced that Nigeria is entering a new phase of economic growth, building on reforms implemented during his administration. He noted that despite global economic challenges, Nigeria achieved over 4 percent GDP growth in 2025, thanks to effective fiscal reforms and macroeconomic stabilization efforts. Additionally, inflation decreased to below 15 percent, in line with the administration’s goals.

Looking forward, President Tinubu outlined his plans for the Renewed Hope Ward Development Programme, aiming to empower at least 1,000 individuals in each of Nigeria’s 8,809 wards. This initiative seeks to include 10 million Nigerians in productive economic activities, focusing on agriculture, trade, food processing, and mining to stimulate local economies and create jobs.

Beyond economic empowerment, the administration is committed to enhancing infrastructure, including roads, power, ports, railways, airports, healthcare, education, and agriculture. These investments aim to improve citizens’ quality of life and bolster food security nationwide.

The President highlighted security and peace as critical components of economic progress and acknowledged the ongoing global economic headwinds. However, he expressed optimism about Nigeria’s trajectory towards sustained growth and called for unity and collective effort to achieve the nation’s economic objectives in 2026.

This focus on inclusive growth and infrastructure development showcases a strategic approach to addressing the diverse needs of Nigerians, fostering a more resilient economy. As the year progresses, the government’s commitment to these initiatives is expected to bring measurable benefits to the nation’s economic landscape.