Reforms: Nigeria’s determined to reduce inflation, deliver more gains, shared prosperity 2026 –Tinubu

*President Bola Ahmed Tinubu, in his 2026 goodwill message to Nigerians discloses the primary focus of his administration will be consolidating certain gains the economy recorded in the past year

Gbenga Kayode | ConsumerConnect

President Bola Ahmed Tinubu, GCFR, has assured Nigerians that his administration will continue to intensify efforts at driving down inflation in the New Year 2026.

Tinubu stated this Thursday, January 1, in New Year goodwill message to Nigerians.

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The President disclosed that in regard to economic progress and outlook on 2026, the primary focus of the Federal Government would be consolidating certain gains the Nigerian economy recorded in 2025.

He also assured Nigerians that his administration would continue to build a resilient, sustainable, inclusive, and growth-oriented economy.

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The President enthused: “We closed 2025 on a strong note.”

According to President Tinubu in his New Year goodwill message, in respect of policies formulated to fight inflation, Nigeria recorded a robust GDP growth each quarter, with annualised growth expected to exceed 4 percent for the year.

The Nigerian leader stated: “We maintained trade surpluses and achieved greater exchange rate stability.

Inflation declined steadily and reached below 15 percent, in line with our target.”

What’s in store for Nigerians 2026

Reeling off the government’s agenda to tame inflation the more in the economy, President Tinubu said in 2026, his administration is determined to reduce inflation further and ensure that the benefits of reform reach every consumer and Nigerian household.

He equally stressed that in 2025, the Nigerian  Exchange (NGX) Limited outperformed its peers in the international world,  posting a robust 48.12 percent gain and consolidating its bullish run that began in the second half of 2023.

He explained the country’s foreign reserves, supported by sound monetary policy management, stood at $45.4 billion as of December 29, 2025.

It offered a substantial buffer against external shocks for the Naira, stated the President.

Tinubu averred: “We expect this position to strengthen further in the new year.

“Foreign Direct Investment (FDI) is also responding positively.”

He as well touched on the performance in the Third Quarter (Q3) of 2025.

He noted the FDI increased to $720 million, up from $90 million in the preceding quarter.

The development reflected renewed investor confidence in Nigeria’s economic direction, which global credit rating agencies, including Moody’s, Fitch, and Standard & Poor’s, have consistently affirmed and applauded, said he.

On tax reforms, fiscal discipline and long-term stability and prosperity

Following his signing of four Tax Reforms Acts into Laws in the Third Quarter of 2025, Nigeria Thursday, January 1 activates the implementation of the reformed tax regulations.

Tinubu also recalled that he recently presented the 2026 Appropriation Bill to the National Assembly (NASS), Abuja, FCT.

The President emphasised that his administration has implemented “critical reforms that are laying a solid foundation for long-term stability and prosperity.”

Stressing the need for marked improvement in the Nigerian economy in the New Year, he said with patience, fiscal discipline, and unity of purpose, Nigeria would emerge stronger and better positioned for sustained growth in 2026.

The President also explained that as inflation and interest rates moderate, the West African country expects increased fiscal space for productive investment in infrastructure and human capital development.

“We are also confronting the challenge of multiple taxation across all tiers of government.

“I commend states that have aligned with the national tax harmonisation agenda by adopting harmonised tax laws to reduce the excessive burden of taxes, levies, and fees on our people and on basic consumption,” the President averred.

Tinubu said by harmonising Nigeria’s tax system, the current administration aims to raise revenue sustainably, address fiscal distortions, and strengthen the country’s capacity to finance infrastructure and social investments to deliver shared prosperity for Nigerians.

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