The President, Bola Ahmed Tinubu has reaffirmed Nigeria’s commitment to global diplomatic engagement and sustained economic reform, adding that the nation’s economy is on a steady path toward growth and stability.
Speaking at Thursday’s Federal Executive Council (FEC) meeting in Abuja, while swearing-in two new ministers, Dr. Bernard Mohammed Doro (Humanitarian Affairs and Poverty Reduction) and Dr. Kingsley Tochukwu Udeh (Innovation, Science and Technology) stressing that the ongoing reforms were yielding visible national and international results.
“Despite political headwinds and public anxiety, we will continue to engage our partners across the world. The oversubscription of Nigeria’s $2.3 billion Eurobond by 400% is the most assuring signal of global investor confidence,” Tinubu stated. “The task ahead is immense, but our resolve is firm, to move forward with unity and purpose, guided by the Renewed Hope Agenda to build a prosperous, inclusive, and resilient Nigeria.”
On national security, President Tinubu assured Nigerians that his administration remains resolute in the fight against terrorism and criminality across the country.
“Do we have problems? Yes. Are we challenged by terrorism? Yes. But we will defeat terrorism. Nigeria is one happy family, and we shall spare no effort until we eliminate all criminals from our society,” he said. “We are engaging the world diplomatically and will overcome the CPC designation. We want our friends to stand with us as we intensify the fight against terrorism.”
He urged members of the Federal Executive Council to maintain consistency in communication and avoid conflicting public statements.
While briefing the Council, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, highlighted impressive macroeconomic indicators, noting that Nigeria’s GDP grew by 4.23% in Q2 2025, the highest in a decade outside the COVID-19 rebound.
According to him, 13 sectors recorded growth above 7%, inflation eased to 18.02%, and foreign reserves rose to $43 billion, while the trade surplus reached ₦7.4 trillion.
“These figures reflect rising productivity, investor confidence, and the results of bold but necessary reforms under the Renewed Hope Agenda,” Edun said.
“Our people are spending less of their income on basic needs compared to the past, showing a gradual shift from subsistence to productivity and affluence.”
He added that Nigeria’s removal from the Financial Action Task Force (FATF) Grey List had strengthened global financial confidence, while the IMF revised Nigeria’s growth forecast to nearly 4% with improved credit ratings.
Edun described the oversubscription of Nigeria’s latest Eurobond issuance $2.35 billion with a $13 billion order book as a strong vote of confidence in President Tinubu’s leadership. “Despite political noise, markets focused on Nigeria’s strong fundamentals,” he noted.
The Minister emphasized the need for collaboration between federal and state governments to identify bankable projects in infrastructure, health, education, agriculture, and digital innovation to attract investors.
“Every naira must be optimized to sustain momentum. The next phase of reforms will remove barriers holding back investors by reviewing tariffs and import restrictions to boost productivity and job creation,” Edun said.
Finally, President Tinubu urged the cabinet to remain focused on the nation’s transformation agenda, reiterating his confidence that Nigeria is moving “from fear to faith, from instability to prosperity.”
