Tinubu Says Reforms Are Entering New Phase as Nigeria’s Reserves Top $54bn

President Bola Tinubu says his administration’s economic reforms are moving into a new phase focused on turning macroeconomic stability into investment, production, jobs and better living standards. Speaking through Finance Minister Taiwo Oyedele at the CIBN Annual Banking and Finance Conference in Abuja, Tinubu cited Q2 2026 GDP growth of 4.43%, external reserves above $54 billion and headline inflation easing to 15.43%. In other political developments, Peter Obi’s convoy was reportedly obstructed in Benue State while he attempted to visit victims of recent attacks. Rabiu Kwankwaso called on Tinubu to caution governors against anti-democratic conduct, while PDP’s Ekiti governorship candidate, Wole Oluyede, withdrew his petition against Governor Biodun Oyebanji’s re-election.

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