Nigeria’s economy is booming with strong growth, falling inflation, and booming exports.
President Bola Tinubu highlighted 12 key economic achievements during Nigeria’s 65th Independence Day broadcast. GDP grew 4.23% in Q2 2025, the fastest in four years, while inflation dropped to 20.12%. The government surpassed its N20 trillion non-oil revenue target by August, and Nigeria recorded five consecutive quarters of trade surpluses, signaling economic diversification. Debt servicing dropped from 97% to under 50%, easing fiscal pressure. Oil production rose to 1.68 million barrels per day, and for the first time in 40 years, fuel is refined domestically. Investments in infrastructure, rising external reserves, and higher tax-to-GDP ratio underpin growth. The stock market has more than doubled, interest rates were cut, and social investments support millions of households.
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