President Bola Ahmed Tinubu has pledged that his administration will reduce inflation further in 2026, ensuring the benefits of ongoing economic reforms reach every Nigerian household.
The President made the commitment in his New Year’s message to the nation on January 1, 2026.
Headline inflation moderated to 14.45 per cent in November 2025, down from 16.05 per cent in October.
Tinubu noted that inflation already fell below the government’s target in 2025 despite global headwinds.
He highlighted sustained reforms, including a fiscal reset that stabilised the economy and delivered steady progress.
The President said Nigeria closed 2025 with robust quarterly GDP growth, expecting annualised expansion exceeding four per cent.
Trade surpluses persisted, while exchange rate stability improved significantly.
Foreign reserves reached $45.4 billion as of December 29, 2025, providing a strong buffer against external shocks.
Foreign direct investment inflows surged to $720 million in the third quarter of 2025 from $90 million previously.
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The Nigerian Exchange gained 48.12 per cent in 2025, extending its bullish run.
Tinubu commended states adopting harmonised tax laws to ease multiple taxation burdens on citizens.
He presented the 2026 Appropriation Bill to the National Assembly, emphasising fiscal discipline.
Lower inflation and interest rates will create space for investments in infrastructure and human capital.
The Renewed Hope Ward Development Programme targets empowering at least 1,000 people per ward across 8,809 wards, aiming to bring 10 million Nigerians into productive activities.
Continued focus areas include agriculture, trade, food processing, mining, roads, power, ports, railways, airports, healthcare, and education.
The Central Bank of Nigeria projects headline inflation averaging 12.94 per cent in 2026, driven by easing food prices and stabilising energy costs.
These measures consolidate 2025 gains, fostering inclusive growth, price stability, and tangible improvements in living standards nationwide.
