National News

New Year Message: Tinubu Pledges Inflation Reduction, Inclusive Growth in 2026

President Bola Ahmed Tinubu has assured Nigerians that 2026 will usher in a more robust phase of economic growth, with a strong focus on reducing inflation and improving the lives of ordinary citizens. In his New Year address, the President said ongoing reforms are yielding results despite global economic challenges.

Tinubu disclosed that Nigeria closed 2025 with steady GDP growth projected to exceed 4 per cent, improved exchange rate stability, trade surpluses, foreign reserves of $45.4 billion, and inflation reduced to below 15 per cent. He added that the Nigerian Stock Exchange recorded a 48.12 per cent gain, while foreign direct investment rose sharply to $720 million in Q3 2025, reflecting renewed investor confidence.

The President said 2026 will focus on consolidating economic gains, deepening tax reforms, reducing multiple taxation, expanding fiscal space for infrastructure and human capital development, and further lowering inflation so households can feel the impact of reforms.

On security, Tinubu reaffirmed the government’s commitment to tackling terrorism and criminality, noting recent coordinated operations with international partners and ongoing military actions across the Northwest and Northeast. He also reiterated support for decentralised policing and regulated forest guards.

He announced plans to accelerate the Renewed Hope Ward Development Programme to empower at least 10 million Nigerians across all wards through agriculture, trade, mining, and local enterprise, alongside continued investment in infrastructure, healthcare, education, and food security.

The President called for unity, patriotism, and collective responsibility, urging Nigerians to work together for national progress, while wishing citizens a peaceful and prosperous New Year.

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