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 noted that inflation had already decreased steadily in 2025, falling below the government’s 15 % target. He highlighted that Nigeria’s economy ended 2025 on a strong note despite global challenges, with the inflation rate moderating to 14.45 % in November 2025—a significant slowdown from the 16.05 % recorded in October 2025, which he attributed to the government’s reforms.
The National Bureau of Statistics reported steady economic growth throughout 2025, with robust GDP expansion in every quarter and an annualized growth rate expected to exceed 4 % for the year. Tinubu linked the easing inflationary trend to improved macro‑economic indicators, including trade surpluses and greater exchange‑rate stability, and said the government intends to strengthen these indicators further in 2026. As of 29 December 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 declining inflation and interest rates will create increased fiscal space for productive investment in infrastructure and human‑capital development. Ongoing efforts aim 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 and described 2026 as a critical phase for implementing tax reforms that will build 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 macro‑economic 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 macro‑economic stability, Nigeria is poised to make significant progress in 2026.
Comments are closed for this story.