Tinubu Says Non-Oil Activities Now Account for 96% of Nigeria’s GDP

President Bola Tinubu says non-oil activities now account for about 96 per cent of Nigeria’s GDP, while the country’s external reserves have risen to about $55 billion. He made the remarks at the launch of a book on economic diversification in Abuja, where he was represented by House Speaker Abbas Tajudeen. Tinubu said the government’s reforms, including fuel subsidy removal and foreign exchange market unification, are intended to stabilise the economy and support growth. He also cited non-oil exports of more than $6 billion and said non-oil revenue reached ₦16.4 trillion in the first half of 2026. He outlined plans and projects in infrastructure, power, agriculture, manufacturing, digital skills, housing and education. The administration aims to build a $1 trillion economy by 2030. The book’s author, House member Abdulmumin Jibrin, said Nigeria’s long-term prosperity depends on developing sectors beyond oil.

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