President Bola Ahmed Tinubu, Nigeria’s current leader, has assured citizens that his administration will drive inflation lower in 2026 to ensure economic reform benefits reach every household.
Okay News reports that in his New Year address on January 1, 2026, the President highlighted tangible gains achieved in 2025 despite global headwinds.
He noted that headline inflation moderated to 14.45 per cent in November 2025 from 16.05 per cent in October, already falling below the government’s 15 per cent target.
Tinubu pledged continued efforts to reduce inflation further, emphasising that reforms are yielding steady progress.
The President reflected on 2025 as a year of sustained momentum, including a fiscal reset that supported robust quarterly GDP growth, projecting an annualised rate exceeding four per cent.
Nigeria maintained trade surpluses, achieved greater exchange rate stability, and saw the Nigerian Stock Exchange gain 48.12 per cent.
Foreign reserves reached $45.4 billion by December 29, 2025, providing a strong buffer, while foreign direct investment rose sharply to $720 million in Q3.
Global rating agencies like Moody’s, Fitch, and Standard & Poor’s have affirmed renewed investor confidence.
Tinubu commended states adopting harmonised tax laws to ease multiple taxation burdens and described 2026 as a critical phase for tax reforms promoting fairness and sustainable revenue.
He outlined plans to accelerate the Renewed Hope Ward Development Programme, targeting empowerment of 1,000 people per ward across Nigeria’s 8,809 wards to boost local economies through agriculture, trade, food processing, and mining.
Ongoing investments in infrastructure—roads, power, ports, railways, airports, healthcare, education—and agriculture will continue uninterrupted to enhance food security and quality of life.
The Central Bank of Nigeria projects average headline inflation at 12.94 per cent in 2026, supported by easing food prices and stabilising energy costs.
