Nigeria Records 11.2% Dollar GDP Growth As Tinubu Pushes Reform Agenda In France
Tinubu Meets Global Investors in Paris
PRESIDENT Bola Tinubu has intensified efforts to attract foreign investment into Nigeria’s economy, engaging top global financial institutions and investment groups during a high-level meeting in Paris, France, where he highlighted the country’s recent economic reforms and reported growth in gross domestic product measured in dollar terms.
The meeting formed part of the President’s ongoing diplomatic and investment outreach aimed at repositioning Nigeria as a stable and attractive destination for international capital amid sweeping fiscal and monetary reforms introduced by his administration.
According to officials at the meeting, Nigeria recorded an 11.2 per cent GDP growth in dollar terms in 2025, a development the government says reinforces its ambition of building a one-trillion-dollar economy by 2030.
Government Defends Reform Policies
Speaking before the investors, President Tinubu reportedly defended the administration’s economic decisions, including the removal of fuel subsidies and exchange rate reforms, arguing that the measures were necessary to stabilise the economy and eliminate long-standing structural distortions.
He said the government remained committed to policy consistency, transparency and fiscal discipline, stressing that the reforms were designed to create sustainable and inclusive economic growth.
“The focus remains on policy stability and diligent execution to ensure these strategic shifts translate into concrete benefits for all Nigerians,” Tinubu said during the engagement.
The President also outlined plans to improve transparency within the oil and gas sector while strengthening national security through measures targeting terrorism financing and broader security reforms.
Finance Officials Highlight Economic Indicators
Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, told investors that the administration’s immediate priority was to ensure that macroeconomic reforms begin to produce visible improvements in the living conditions of Nigerians.
He also pledged that the government would begin publishing quarterly financial data to deepen transparency and boost investor confidence.
Meanwhile, Director-General of the Debt Management Office, Patience Oniha, reassured investors of Nigeria’s commitment to sustainable borrowing and prudent debt management practices.
Major Global Firms Attend Meeting
The Paris meeting attracted representatives of several international financial institutions and investment firms, including Citibank, Amundi, BlueCrest, Ninety One, Kirkoswald Capital, Principal Finisterre, Prudential Global Investment Management (PGIM), and Mesarete Capital.
Some investors reportedly commended the government’s reform programme and expressed optimism about Nigeria’s economic direction, particularly the commitment to fiscal reforms and economic liberalisation.
Mixed Domestic Reactions Persist
Despite the government’s positive projections, analysts note that Nigerians continue to grapple with inflationary pressures, high food prices, currency volatility and rising living costs linked to the ongoing reforms.
Economic experts argue that while macroeconomic indicators may be improving, the real test will be whether ordinary Nigerians begin to feel the benefits through improved purchasing power, lower inflation and increased employment opportunities.
The administration has repeatedly maintained that the current reforms are painful but necessary steps toward long-term economic recovery and stability.
