President Bola Ahmed Tinubu has assured Nigerians that the country’s inflation rate will continue to decline in 2026, following the implementation of economic reforms aimed at stabilizing prices and promoting growth. In his New Year message, Tinubu stated that inflation had already decreased steadily in 2025, reaching below 15% in line with the government’s target.
According to the President, Nigeria’s economy ended 2025 on a strong note, despite global challenges, with the inflation rate moderating to 14.45% in November 2025. This significant slowdown from the 16.05% recorded in October 2025 is attributed to the government’s economic reforms. The National Bureau of Statistics (NBS) reported that the country achieved steady economic growth, with robust GDP growth in every quarter of 2025 and annualized growth expected to exceed 4% for the year.
Tinubu linked the easing inflationary trend to improved macroeconomic indicators, including trade surpluses and greater exchange rate stability. The government intends to strengthen these indicators further in 2026. As of December 29, 2025, Nigeria’s foreign reserves stood at $45.4 billion, providing a substantial buffer against external shocks to the naira.
On fiscal policy, the President emphasized the importance of fiscal discipline and tax reforms as inflation and interest rates begin to moderate. He noted that increased fiscal space for productive investment in infrastructure and human capital development is expected as inflation and interest rates decline. Efforts are ongoing to harmonize taxes across all tiers of government to reduce the burden on citizens and basic consumption.
Tinubu commended states that have adopted harmonized tax laws in line with the national tax reform agenda. He described 2026 as a critical phase in the implementation of tax reforms aimed at building a fair and competitive fiscal system. The President expressed confidence that with patience, discipline, and unity of purpose, Nigeria will emerge in 2026 stronger and better positioned for sustained growth.
The economic reforms undertaken in 2025, though challenging, are beginning to yield measurable results, particularly in inflation control and macroeconomic stability. As the government continues to implement these reforms, Nigerians can expect further improvements in the country’s economic stability and growth prospects. With a focus on fiscal discipline, tax reforms, and macroeconomic stability, Nigeria is poised to make significant progress in 2026.