President Bola Ahmed Tinubu has reaffirmed his administration’s commitment to sustained economic growth and diplomatic engagement, assuring Nigerians that the country remains on a steady path toward stability and prosperity.
Bayo Onanuga, Special Adviser to the President on Information and Strategy, confirmed the details in a statement issued in Abuja.
Speaking at the Federal Executive Council (FEC) meeting on Thursday after swearing in two new ministers — Dr Bernard Mohammed Doro and Dr Kingsley Tochukwu Udeh (SAN) — the President said ongoing reforms were yielding tangible results both nationally and internationally.
Dr Doro will head the Ministry of Humanitarian Affairs and Poverty Reduction, while Dr Udeh will oversee the Ministry of Innovation, Science, and Technology.
President Tinubu, addressing recent economic and diplomatic developments, highlighted the success of Nigeria’s $2.3 billion Eurobond, which was oversubscribed by 400%, as evidence of growing investor confidence.
“The most important thing is that despite political headwinds and public fears, we continue to engage with our partners,” the President said. “We are engaging the world diplomatically, and we will defeat terrorism in this country. The task ahead is immense, but our resolve remains firm under the Renewed Hope Agenda to build a prosperous, inclusive, and resilient Nigeria.”
On national security, President Tinubu urged Nigerians to remain steadfast and united, assuring that the Federal Government would eliminate terrorism and criminality across all regions. He called on ministers and senior officials to maintain consistent and coordinated communication in advancing government policies.
“Do we have problems? Yes. Are we challenged by terrorism? Yes. But we will defeat terrorism. Nigeria is one family, and we shall spare no effort to eliminate criminals from our society,” he stated.
At the meeting, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, briefed the Council on the nation’s improving macroeconomic performance, noting that Nigeria recorded its strongest quarterly GDP growth in a decade.
“In the second quarter of 2025, GDP grew by 4.23%, the highest in ten years outside the COVID rebound. Thirteen sectors recorded growth above 7%, up from nine in the previous quarter. Inflation eased to 18.02% in September, and foreign reserves rose above $43 billion,” Edun reported.
He added that Nigeria’s removal from the Financial Action Task Force (FATF) Grey List and the recent Eurobond success underscored renewed global confidence in the country’s economic direction.
“The $2.35 billion Eurobond issuance, with an order book peaking at over $13 billion, shows investors’ belief in Nigeria’s fundamentals and the President’s leadership,” Edun said.
He further noted that the government’s goal of achieving a $1 trillion economy by 2030 was attainable through a 7% annual growth rate, stronger domestic resource mobilization, and continued infrastructure investment.
