The All Progressives Congress (APC) has lauded President Bola Ahmed Tinubu’s economic reforms, describing them as visionary and transformative, following fresh endorsements from the World Bank and International Monetary Fund (IMF) validating Nigeria’s strong growth trajectory.
In a statement issued on Tuesday by its National Publicity Secretary, Felix Morka, the ruling party said the global acclaim affirms that President Tinubu’s reform-driven policies are steering Nigeria toward “a new era of prosperity never before seen in the country’s history.”
According to the APC, Nigeria’s economy grew by 4.23% in Q2 2025, surpassing the IMF’s earlier projection of 3.4%, prompting the Fund to revise its forecast upward to 3.9% for 2025 and 4.2% for 2026. The World Bank, in its latest outlook, also projects sustained momentum, with growth expected to rise from 4.2% in 2025 to 4.4% by 2027, driven largely by expansions in services, agriculture, and non-oil sectors.
“This progress marks a significant shift from the oil boom-and-bust cycles of the past and heralds a new era of sustainable growth and development,” the statement read.
The APC noted that Nigeria’s robust performance comes despite a slowing global economy, with both the IMF and World Bank projecting lower growth rates for advanced and emerging economies through 2026.
Highlighting key achievements, the party pointed to trade surpluses in five consecutive quarters, a 44.3% increase in Q2 2025 reaching ₦7.46 trillion, and a 40.5% rise in non-oil revenue to ₦20.59 trillion between January and August 2025. It added that the Nigeria Customs Service exceeded its revenue target with ₦3.68 trillion collection, while federal allocations surpassed ₦2 trillion monthly for the first time.
The APC attributed these gains to President Tinubu’s “creative and forward-thinking leadership,” citing reforms in the Central Bank, the NNPC, and the exchange rate unification policy, which it said have improved transparency, curbed inflation (now 20.1%), and stabilized the naira.
While acknowledging ongoing challenges such as food inflation and poverty, the party expressed optimism that the government’s targeted interventions in agriculture, infrastructure, and social protection would soon yield inclusive and equitable growth.
“The anticipated decline in poverty by 2027 is consistent with the understanding that reforms are gestational and take time to yield results,” Morka stated.
The APC also dismissed criticisms from opposition parties as “self-serving and rudderless,” saying President Tinubu remains focused on consolidating Nigeria’s economic resurgence.
“With growing investor confidence, including a $300 billion commitment by Qatari investors, Nigeria is set to surpass all projections of growth and development,” the statement added.
The party urged Nigerians to remain steadfast in their support for President Tinubu and the APC, pledging that the administration’s “Renewed Hope Agenda” would continue to deliver tangible progress and prosperity.