21 Economic Achievements under President Bola Tinubu

Stronger Foreign Reserves – Nigeria’s reserves surpassed $45 billion, ranking 4th in Africa.

Steady GDP Growth – Quarterly growth reached 3.93%, following 4.23% in Q2 2025.

Energy Independence – Nigeria moved from being the largest petrol importer in Africa to West Africa’s top exporter.

OPEC Production Surplus – For the first time in over a decade, Nigeria exceeded its OPEC quota for three consecutive months, averaging 1.71 million barrels/day.

Expanded International Flights – Direct flights now operate to destinations including London, São Paulo, Bogotá, Entebbe, and Algiers.

Reduction in Oil Theft – Oil theft fell below 10,000 barrels/day, the lowest in 16 years.

Revenue Targets Met – Nigeria achieved its full-year revenue targets by August 2025, a first in history.

Stock Market Growth – The Nigerian Stock Exchange index surpassed 130,000 points.

GDP Expansion – Economy grew by $67 billion in two years (from ₦269.29 trillion to ₦372.8 trillion).

Non-Oil Revenue Growth – Non-oil tax revenue rose 40.5% to ₦20.59 trillion in Jan–Aug 2025.

Record Corporate Valuation – MTN Nigeria reached a valuation of ₦10 trillion, a national record.

Falling Inflation – Food inflation declined from 20.12% to 16.05%.

Lower Fuel Prices – Retailers, including Dangote, reduced petrol prices below ₦1,000/litre.

Stable Naira – The currency stabilized below ₦1,500/USD, rated strong by Fitch.

Record Power Generation – Peak generation reached 5,801.84 MW, with daily output of 128,370.75 MWh.

Trade Surplus Growth – Q2 2025 trade surplus rose 44.3% to ₦7.46 trillion.

Lower Interest Rates – The Central Bank cut rates to 27%, the first reduction since COVID-19.

Global Economic Recognition – Fitch and S&P upgraded Nigeria’s rating to Stable B.

Expert Endorsement – Economists like Ngozi Okonjo-Iweala and Chukwuma Soludo affirm economic stability.

Rail Transport Growth – Rail sector expanded 43.08% in Q2 2025.

Road Infrastructure Expansion – Road transport grew 24.5%, with mega-projects including Illela-Sokoto-Badagry and Lagos-Calabar Coastal Highway.

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