As GDP Growth Hits 4.43%, Tinubu Vows to Turn Recovery into Household Prosperity – THISDAYLIVE

• Declares economic expansion signals end of economic stabilisation phase 

•Services accounted 56.62%, agriculture 26.15%, industries 17.23 amid manufacturing contraction 

•Oil accounted for 4.16% as production increases to 1.72 mbpd

James Emejo in Abuja

President Bola Tinubu on yesterday declared that the Nigerian economy had moved beyond the difficult phase of stabilisation, as the country’s Gross Domestic Product (GDP) growth rate accelerated to 4.43 per cent in the second quarter of the year (Q2 2026) compared to 3.89 per cent in the preceding quarter.

According to the GDP Q2 2026 Report released yesterday by National Bureau of Statistics (NBS), the growth rate also surpassed the 4.23 per cent recorded in the corresponding quarter of 2025.

The improvement was driven largely by stronger performances in agriculture and services, although the industrial sector recorded a sharp moderation in growth during the quarter.

Tinubu, in a statement issued by Special Adviser to the President (Information and Strategy), Mr. Bayo Onanuga, said the report could not have come at a better time.

Onanuga said the opposition had been trying to diminish the Tinubu administration’s efforts since May 2023 and even promising to reverse the policies if, perchance, Nigerians voted for them.

The statement said, “In the past three years, we tried to do the hard part by implementing the necessary reforms to stabilise the economy. Now the economy is stabilised, and we have laid the foundation for a prosperous nation. We didn’t do the reforms to create challenges, but to ensure prosperity reaches all our people.

“The results of the efforts are becoming very clear to all: The Renewed Hope Agenda is working. Because of those tough decisions, today Nigeria has trade surpluses. Our foreign…