Amanze Chinonye
As 2025 draws to a close, Nigeria’s economy shows clear signs of stabilisation following a year of deliberate reforms under President Tinubu’s administration, Prime Business Africa reports.
The government’s efforts, once seen as difficult but necessary, are beginning to translate into tangible relief for households and businesses across the country.
In a press statement released on Monday, December 29, 2025, by Sunday Dare, Speaker Adviser on Media and Public Communication to President Tinubu, the administration highlighted measurable progress that is increasingly visible in everyday life.
Join our WhatsApp ChannelHeadline inflation, which has been a persistent pressure on families, eased to 14.45% in November 2025 after eight consecutive months of decline. Food prices, a major component of household budgets, have also started to moderate, bringing gradual relief in markets nationwide.
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Fuel prices, one of the most visible cost drivers for Nigerians, have stabilised. Petrol currently sells at around ₦845 per litre at NNPCL outlets, with some private stations offering prices below ₦800. This easing has helped reduce transport costs and curbed the ripple effect on food and commodity prices, providing businesses and families more predictability in planning their expenses.
The foreign exchange market has also steadied, supported by external reserves of $44.56 billion. The stability offers Nigerians fewer sudden currency swings, lower imported inflation, and more predictable pricing for essentials such as medicines, school supplies, and manufactured goods.
Economic growth remains real and tangible. Nigeria’s GDP expanded by 3.98% in Q3 2025, largely driven by the non-oil sector, including agriculture, services, manufacturing, and trade.
The Purchasing Managers’ Index (PMI) has recorded 12 consecutive months of expansion, reflecting increased production, restocking, and hiring across supply chains.
Investor confidence has similarly returned, exemplified by a Eurobond issuance that was four times oversubscribed, demonstrating renewed international belief in Nigeria’s reform path.
Infrastructure and power sector improvements are further easing costs for businesses and households. Record electricity generation, the rollout of the Presidential Metering Initiative, and settlement of legacy power-sector debts are reducing reliance on generators and cutting production and household energy costs.
Meanwhile, over ₦1.5 trillion has been committed to road infrastructure projects, including the Lagos-Calabar Coastal Highway and the Sokoto-Badagry Super Highway.
Security gains have also been reported, including the successful rescue of all abducted schoolchildren in Niger State, reflecting a more coordinated national security approach that benefits communities, logistics corridors, and investors alike. Internationally, Nigeria exited the FATF Grey List and strengthened health, trade, and strategic partnerships, boosting institutional credibility.
Looking ahead, the 2026 Budget titled “Budget of Consolidation, Renewed Resilience and Shared Prosperity” prioritises capital expenditure, security, and fiscal prudence. Analysts say the focus is shifting from stabilisation to accelerating the pace of growth and extending the benefits of reforms more broadly.
While challenges remain, the government says early dividends such as slowing inflation, easing fuel prices, and rising confidence are visible to Nigerians. The administration positions 2026 as a year for these gains to be felt more deeply and more permanently.
“Nigeria is not yet where it intends to be, but it is decisively no longer where it was,” the statement from the Presidency concluded.
Amanze Chinonye is a Staff Correspondent at Prime Business Africa, a rising star in the literary world, weaving captivating stories that transport readers to the vibrant landscapes of Nigeria and the rest of Africa. With a unique voice that blends with the newspaper's tradition and style, Chinonye's writing is a masterful exploration of the human condition, delving into themes of identity, culture, and social justice. Through her words, Chinonye paints vivid portraits of everyday African life, from the bustling markets of Nigeria's Lagos to the quiet villages of South Africa's countryside . With a keen eye for detail and a deep understanding of the complexities of Nigerian society, Chinonye's writing is both a testament to the country's rich cultural heritage and a powerful call to action for a brighter future. As a writer, Chinonye is a true storyteller, using her dexterity to educate, inspire, and uplift readers around the world.
