Nigeria records GDP growth of 11.2% in dollar terms in 2026

Minister of Finance and Coordinating Minister for the Economy, Taiwo Oyedele, has revealed that Nigeria recorded GDP growth of 11.2% in dollar terms last year, a record he said strengthens the country’s ambition to achieve a $1 trillion economy by 2030.

This was stated by Oyedele in a meeting with global investors in Paris, France which was also attended by President Bola Tinubu.

According to a statement issued by Bayo Onanuga, Special Advisor to the President on Information & Strategy, Oyedele highlighted Nigeria’s strong GDP growth in dollar terms in 2025 and emphasized the government’s short-term priority of translating reforms into results for Nigerians.

He also promised to publish quarterly financial data.

At the meeting President Tinubu stressed transparency and fiscal discipline, explaining the reasons for the rapid implementation of bold reforms.

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The Director General of the Debt Management Office, Mrs Patience Oniha, assured investors of the government’s responsible approach to debt financing and its focus on sustainable debt management.

The investors come from Citibank and Amundi France, led by Valerie Baudson. There are also BlueCrest, UK and South Africa-based Ninety One, Kirkoswald Capital, Principal Finisterre, US group Prudential Global Investment Management (PGIM) and Mesarete Capital.

President Tinubu, who left Nigeria on Sunday for a three-country visit, said his administration’s economic reform program includes measures to eliminate economic distortions and stabilize macroeconomic indicators, thereby laying the foundation for sustainable inclusive growth.

He said his government was committed to deepening reforms, increasing transparency across the oil value chain, and implementing a multi-pronged security strategy, including decentralizing the police and ending terrorist financing.

“The focus remains on policy stability and careful implementation to ensure these strategic changes deliver real benefits for all Nigerians,” said President Tinubu.

Several investors who spoke at the meeting praised the government’s transformative reforms and expressed optimism about the Nigerian economy.

One of the investors asked President Tinubu about his post-2027 agenda. He promised to strengthen fiscal discipline and transparency, as well as achieve policy consistency.