Nigeria records decade high 4.23% GDP growth — Tinubu

By Matthew Denis

Nigeria recorded 4.23 percent GDP growth in the second quarter of 2025, the country’s strongest economic expansion in a decade, President Bola Ahmed Tinubu has announced.

Speaking through the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, at the maiden Northern Nigeria Investment & Industrialisation Summit (NNIIS) 2025 in Abuja, Tinubu attributed the performance to reforms under his Renewed Hope Agenda, including fuel subsidy removal and foreign exchange unification, which he said restored fiscal discipline and investor confidence.

The summit, organised by the Northern Elders Forum under the theme “Unlocking Strategic Opportunities in Mining, Agriculture, and Power (MAP 2025),” gathered policymakers, investors, and industry leaders to chart a path for regional development.

Tinubu emphasised that the North remains central to sustaining national growth, citing its vast mineral resources, 70 percent of Nigeria’s arable land, and flagship infrastructure projects such as the Ajaokuta–Kaduna–Kano (AKK) gas pipeline and emerging agro-industrial corridors.

“The future of Nigeria’s prosperity is inseparable from the future of Northern Nigeria,” he declared. “By unlocking opportunities in agriculture, mining, and power, we secure food security, industrialisation, and a stronger economy for all.”

The President assured that ongoing reforms are laying the foundation for private sector–driven prosperity, with Northern Nigeria positioned as the heart of national growth.