*President Bola Ahmed Tinubu restates Nigeria remains on 鈥榓 steady growth trajectory鈥�, with more assurance of stability and prosperity as his administration鈥檚 economic reforms continue to yield results, and gain both national and transnational acceptance, stating 鈥榳e are engaging the world diplomatically, and we assure all of you that we will defeat terrorism in this country鈥�

Gbenga Kayode | 绿帽献妻

President Bola Ahmed Tinubu has restated that Nigeria remains on a steady growth trajectory, with more promise of stability and prosperity as his administration鈥檚 economic reforms continue to yield results, and gain both national and transnational acceptance.

Tinubu said this Thursday, November 6, 2025, in the State House, in Abuja, FCT, while speaking at the weekly Federal Executive Council (FEC) meeting after the swearing-in Dr. Bernard Mohammed Doro, and Dr. Kingsley Tochukwu Udeh (SAN) as new Ministers.

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绿帽献妻 reports Dr. Doro has been assigned to administer the Federal Ministry of Humanitarian Affairs and Poverty Reduction, while Dr. Udeh will oversee the Federal Ministry of Innovation, Science and Technology.

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Speaking on the current state of the West African country鈥檚 economy, and the relationship between Nigeria and the United States (US), President Tinubu assured Nigerians and the international system, that the Federal Government is engaging with the world diplomatically.

Mr. Bayo Onanuga, Special Adviser to the President on Information and Strategy, Thursday stated President Tinubu explained: 鈥淭he most important thing is the fact that despite the political headwinds and the fear of our people, we will continue to engage with partners.

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鈥淭he success of the $2.3 billion Eurobond that was oversubscribed by 400% is the most assuring.鈥�

The Nigerian leaders further stated: 鈥淪o, the task ahead is immense; we are engaging the world diplomatically, and we assure all of you that we will defeat terrorism in this country.鈥�

鈥淭he task ahead is immense, but it is our resolve to move forward with unity and purpose, guided by the Renewed Hope Agenda to build a prosperous, inclusive and resilient Nigeria.”

Nigeria will 鈥榙efeat terrorism, overcome the CPC designation鈥� 鈭扨resident

In regard to the current security challenges facing the country, President Tinubu, who doubles as the Commander-in-Chief of the Armed Forces, charged Nigerians to not succumb to despair.

He assured the citizenry that the government would defeat every form of terrorism, and secure every part of the country.

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The President, however, Ministers and other government officials to ensure 鈥渃onsistency in communication鈥� and avoid discordant messaging in the public space.

He quipped: “Do we have problems? Yes. Are we challenged by terrorism? Yes. But we will defeat terrorism.

鈥淲e will overcome the CPC designation.聽 Nigeria is one happy family, and we shall spare no effort until we eliminate all criminals from our society.

鈥淲e want our friends to help us as we step up our fight against terrorism, and we will eliminate it.鈥�

Tinubu, who directed Minister of Finance and Coordinating Minister of the Economy, Wale Edun, to brief the Council on Nigeria鈥檚 economic performance, assuring that the Nigerian Government would continue to sustain and consolidate the gains recorded thus far.

Finance Minister highlights gains of reforms, state of economy

Earlier in his address during the FEC meeting Thursday, Mr. Wale Edun, Honourable Minister for Finance and Coordinating Minister of the Economy, had noted that the macroeconomic indicators indicated the Nigerian economy had picked up, with one of the best results in the last decade.

Edun was quoted to have said: “The reforms that have been taken under your Renewed Hope Agenda, so bold and sometimes unpopular, are rooted in a clear objective to build a competitive economy that attracts, creates jobs and lifts millions out of poverty.

鈥淚n Q2 2025, Nigeria’s GDP grew by 4.23%, the highest in a decade, outside the COVID rebound. Thirteen sectors recorded growth above 7% up from nine sectors in the previous quarter.鈥�

The Minister stated: 鈥淭he industrial sector nearly doubled its growth from 3.72% to 7.45%, reflecting rising productivity and investor confidence. Inflation eased to 18.02% in September 2025.

鈥淎s we know, foreign exchange reserves topped $43 billion, and our trade surplus reached N7.4 trillion.鈥�

He also noted: 鈥淐lear examples of macroeconomic stability, as the consumer spending basket published earlier this year shows, our citizens now spend maybe about half of the income on basic needs, food, shelter and clothing, as compared with almost 90 percent previously.

鈥淭his signals a country moving from subsistence towards productivity and indeed affluence.鈥欌��

According to him, the vision of reaching a one trillion Dollar economy by 2030 was achievable by pursuing a 7 percent annual growth and a commitment to ending poverty as a moral imperative.

Edun averred: 鈥淣igeria’s removal from the Financial Action Task Force Grey List marks a major milestone in strengthening our financial integrity and confidence.

鈥淎t the recent World Bank/IMF annual meetings, global leaders commended our reforms, our progress and the revised IMF growth forecast of up to nearly 4% and improved credit ratings.鈥�

Ho, however, observed there is an urgency to mobilise domestic resources, and provide investment to finance infrastructure, as well as drive sustainability and job-rich growth.

The recent hugely successful $2.35 billion Eurobond issuance, in which the order book peaked at over $13 billion, is a testament to continued investor confidence in our country, our reform agenda and Mr. President’s leadership, stated he.

The Minister further said: 鈥淒espite the political headwinds which we are all aware of, the market shrugged off those political considerations and focused on the economic fundamentals of Nigeria鈥欌�� he stated.

For greater inclusivity, he urged fellow Ministers overseeing critical sectors, such as infrastructure, mining, education, health, agriculture, the blue economy, digital innovation, arts, and culture to collaborate with sub-national governments to identify and package projects that meet investor expectations.

Edun asserted: 鈥淓very Naira must be optimised to sustain momentum amid global liquidity constraints. Where there is less funding from multilateral institutions, we must rely on our own resources.

鈥淭he next phase of reforms will remove barriers holding back investors. We will review tariffs and import restrictions to stimulate productivity and investment.鈥�

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