”It is also public knowledge that Nigeria’s GDP in the second quarter of 2025 grew by 4.23%, more than the 3.4 % projected by the International Monetary Fund (IMF) and of course, inflation dropped to 20.12% in August 2025, the lowest level in three years after 5 consecutive months of decline which led the Central Bank to reduce benchmark interest rate for the first time in 5 years by 500 basis points.
By Olawale Lamina
The Tinubu Media Support Group ,TMSG, has reiterated that fact-based evidence is an indication that the nation’s economy turned the corner for good under President Bola Tinubu’s administration, in spite of deliberate disinformation by opposition elements.
In a statement signed by its Chairman, Emeka Nwankpa, and the Secretary, Dapo Okubanjo, TMSG noted that there are verifiable proofs that President Tinubu has succeeded in institutionalising a stronger and more resilient economy.
”Although we had once acknowledged at the onset of the bold economic reforms of the President Bola Tinubu administration that things were tough for many Nigerians as a result of the ‘shock therapy’ of fuel subsidy removal, key economic performance indicators are showing the economy is on an upward swing.
”The rate at which the economy is responding is not totally expected, even as the President had urged Nigerians to brace up for temporary tough times in the aftermath of the removal of fuel subsidy and the harmonisation of the foreign exchange rates.
”We make bold to say that 28 months after the President introduced his reform policies, there are verifiable facts that the economy is now on a rebound,” the statement read.
And, responding to the recent broadcast by the President about positive economic outlook, despite contrary stance by the opposition, the group argued that, “Indeed, the picture painted by President Tinubu in his Independence Day national broadcast was a realistic account of how the federal administration has fared positively, but we are not surprised that the opposition expressed disappointment with the data reeled out by the President.
”For the avoidance of doubt, foreign reserves, which stood at $42.03bn as at September 2025, are at their highest level in 6 years while the administration also achieved a record-breaking increase in non-oil revenue by breaching its N20 trillion target for 2025 by August.
”It is also public knowledge that Nigeria’s GDP in the second quarter of 2025 grew by 4.23%, more than the 3.4 % projected by the International Monetary Fund (IMF) and of course, inflation dropped to 20.12% in August 2025, the lowest level in three years after 5 consecutive months of decline which led the Central Bank to reduce benchmark interest rate for the first time in 5 years by 500 basis points.
”These are just a few of the 12 milestones the government attained in 28 months, and we dare say these are no mean feat. We therefore posit that it won’t take long before the benefits of these positive economic indicators reflect on the menu table of the average Nigerian.
”The President himself has since said that this is his major aspiration especially as inflation and cost-of-living crisis remain cause for concern.
”We are aware that the opposition has continued to downplay the good work of the administration, but we are elated that the world is taking notice of the administration’s initiatives, with credit rating agencies constantly upgrading their outlook for Nigeria based on improving economic fundamentals.”
The group urged Nigerians to keep faith by trusting the Tinubu administration and not be swayed by the political gimmicks of opposition elements who would never see anything good in whatever the government does.
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