The Federal Government has announced significant economic achievements in 2025, including a decline in inflation to 14.45 percent in November, GDP growth of around 3.9 percent in the third quarter, and a steady rise in external reserves to $44.56 billion. The disclosures were made by the Minister of Information and National Orientation, Mohammed Idris, during an end-of-year press conference in Abuja on Monday.
Idris highlighted that Nigeria recorded a trade surplus of N6.69 trillion in the third quarter, coupled with improvements in electricity supply, reaching a maximum daily generation of 128,370.75 megawatt-hours in March. He also pointed to the country’s exit from the Financial Action Task Force (FATF) Grey List and the N1.5 trillion recapitalization of the Bank of Agriculture as major milestones for the Tinubu administration.
“The economy has shown resilience, particularly in the non-oil sector, with GDP growing by about 3.9 percent in the third quarter,” Idris said. He noted that headline inflation has declined for eight consecutive months, while food inflation is also on a steady downward trend.
The minister added that strengthened external reserves provide a buffer to stabilize the naira and boost investor confidence. He emphasized that the N1.5 trillion recapitalization of the Bank of Agriculture represents the largest single injection into agricultural financing in recent history, aimed at supporting farmers and the rural economy.
Idris assured Nigerians that the administration remains committed to further easing the cost of living in 2026, signaling continuity in economic reforms and initiatives to strengthen growth.
