Seven Economic Indicators Cited in Support of Tinubu’s Reforms

Supporters of President Bola Tinubu’s reforms point to stronger GDP growth, rising external reserves and an improved trade balance as evidence of economic recovery. Real GDP growth was cited at 4.43% year-on-year in the second quarter of 2026, while full-year growth for 2025 was put at 3.87%. They also cite higher crude oil production, lower petrol imports and savings from the removal of fuel subsidies. Petrol imports reportedly fell sharply in early 2025, while crude output was said to have recovered towards Nigeria’s OPEC production quota. Other indicators highlighted include increased capital inflows, gains on the Nigerian Exchange, improved debt-service-to-revenue levels and larger FAAC allocations to states. Inflation was also reported to have declined from its post-reform peak, although portfolio investment remains the dominant source of foreign capital inflows.

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