Tinubu’s reforms boost SME prospects as Nigeria’s economy expands 4.23% in Q2 2025

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The Hope Alive Initiative, an NGO, has praised President Bola Tinubu’s economic reforms, linking Nigeria’s latest growth figures to his administration’s bold policy measures.

In a statement by its Director of Press, Ernest Omoarelojie, the group highlighted fresh data from the National Bureau of Statistics (NBS) showing a 4.23% year-on-year GDP growth in Q2 2025, up from 3.48% in the same period of 2024.

He said the figures confirm that fiscal consolidation, fuel subsidy removal, forex market unification, and targeted social interventions are driving a turnaround.

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Omoarelojie noted that external reserves have climbed to $42 billion, investor confidence is strengthening, and inflation has dropped for six consecutive months, with projections of single-digit levels by 2026. Nigeria’s aggregate GDP now stands at N100.73 trillion, compared to N84.48 trillion a year ago.

He urged Nigerians to back the reforms and remain patient as the economy continues to shift toward diversification and long-term sustainability.

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