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August 17, 2026 - 12:07 PM

Tinubu: Foreign Reserves Up, Investments Returning as Economic Foundations Take Shape

President Bola Ahmed Tinubu says Nigeria’s economy is showing clear signs of recovery, with stronger foreign reserves, renewed investment in oil and gas, and a bullish stock market.

Speaking at the maiden State House Media Dinner, SHMD, held at the State House, Abuja, on Thursday, July 2, 2026, the President said key economic indicators are “moving in the right direction.”

“Our foreign reserves have improved considerably. The oil and gas sector is attracting renewed investment. The stock market has witnessed remarkable growth. Key economic indicators are moving in the right direction,” Tinubu stated.

He credited the progress to ongoing reforms, noting that “through tax reforms, fiscal reforms, infrastructure investments, and improvements in the business environment, we are laying the foundations for a more competitive, productive, and prosperous economy.”

While acknowledging that work remains, the President struck an optimistic tone. “The journey is not yet complete. Challenges remain. But the direction is clear, and the foundations for long-term growth are being firmly established,” he said.

On security, Tinubu said his administration “has maintained a determined, multi-dimensional approach,” without giving further details at the dinner.

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