The Federal Government says Nigeria’s economy recorded steady growth throughout 2025, expanding consistently for 12 straight months despite global and local economic pressures.
The Minister of Information and National Orientation, Mohammed Idris, revealed this on Monday in Abuja while presenting the government’s end-of-year performance scorecard.
According to Idris, data from the Purchasing Managers’ Index (PMI) a key measure of business confidence showed uninterrupted expansion in economic activities across the country all through the year.
“The latest PMI figures clearly indicate that Nigeria has experienced 12 consecutive months of expansion in economic activity,” he said.
He explained that the performance highlights the resilience of the non-oil sector, even as the economy contends with inflation and global uncertainties.
The minister disclosed that Nigeria’s Gross Domestic Product (GDP) grew by 3.98 per cent in the third quarter of 2025, driven mainly by growth in the services, trade and manufacturing sectors. He also noted that headline inflation eased for eight straight months, dropping to 14.45 per cent in November 2025.
In addition, Idris said the country’s external reserves improved significantly, rising to about $44.56 billion.
“Our external reserves now stand at approximately $44.56 billion. This provides a strong buffer for currency stability and boosts confidence among international investors,” he said.
He assured Nigerians that the Federal Government remains focused on strengthening macroeconomic stability and ensuring that economic growth leads to better living conditions for citizens.
Looking ahead, Idris said the 2026 budget would focus on security, infrastructure, youth empowerment and social welfare to sustain the positive momentum.
“The mission for 2026 is to build a secure, competitive and prosperous Nigeria,” he said, adding that reforms introduced by the Tinubu administration are beginning to deliver long-term gains.
Describing President Bola Tinubu’s economic vision as bold and purposeful, the minister said the country is firmly on the path towards inclusive and sustainable growth.
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