President Bola Ahmed Tinubu has declared that Nigeria will overcome its present challenges and continue on a path of growth, stability, and prosperity. Speaking at Thursday’s Federal Executive Council (FEC) meeting in Abuja, the President reaffirmed his administration’s determination to defeat terrorism, sustain economic reforms, and strengthen diplomatic engagement with global partners.
Following the swearing-in of two new ministers — Dr. Bernard Mohammed Doro, who will oversee the Ministry of Humanitarian Affairs and Poverty Reduction, and Dr. Kingsley Tochukwu Udeh (SAN), appointed to head the Ministry of Innovation, Science and Technology — President Tinubu stated that the success of ongoing reforms under the Renewed Hope Agenda reflects growing national resilience and international confidence in Nigeria’s economic future.
He emphasized that Nigeria’s engagement with international partners continues to yield meaningful results for economic stability and national development. “Despite the political headwinds and the fears of our people, we will continue to engage with partners. The success of the $2.3 billion Eurobond that was oversubscribed by 400 percent is the most assuring. We are engaging the world diplomatically, and we will defeat terrorism in this country,” the President stated.
President Tinubu urged cabinet members to maintain unity of purpose and consistency in communication, underscoring the importance of coordination in implementing government policies. He reassured Nigerians that the administration remains steadfast in delivering prosperity, peace, and security across all regions. “Yes, we have challenges. But we will defeat terrorism. We will overcome every obstacle. Nigeria is one family, and we shall spare no effort until we eliminate all criminals from our society,” he affirmed.
During the meeting, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, briefed the Council on the nation’s economic performance, noting that the reforms being implemented are producing measurable progress. He reported that Nigeria’s Gross Domestic Product (GDP) grew by 4.23 percent in the second quarter of 2025, the highest in a decade outside the post-COVID rebound. Thirteen sectors recorded growth above seven percent, while the industrial sector nearly doubled its expansion rate to 7.45 percent. Inflation eased to 18.02 percent, foreign reserves rose above $43 billion, and the country’s trade surplus reached ₦7.4 trillion.
Mr. Edun further highlighted that investor confidence remains strong, as demonstrated by the $2.35 billion Eurobond issuance, which attracted over $13 billion in orders. He noted that Nigeria’s removal from the Financial Action Task Force (FATF) Grey List represents a major milestone in restoring global confidence in the country’s financial integrity.
The President commended the progress achieved and reaffirmed his government’s commitment to sustaining reform momentum, ensuring national security, and fostering opportunities across sectors. “The task ahead is immense, but our resolve is firm — to move forward with unity, purpose, and faith in the promise of a prosperous, resilient Nigeria,” he concluded.
