From historic expansions in education to record-breaking economic performance, Nigeria is redefining its growth story. With GDP surging, inflation easing, trade surpluses maintained, and infrastructure projects transforming connectivity, strategic reforms are driving stability, boosting investment, and empowering millions of Nigerians. The nation’s resilience and innovation signal a new era of opportunity for business, industry, and society alike.
- Historical Progress – Nigeria has grown from only 120 secondary schools in 1960 to over 23,000 today, and from 2 tertiary institutions to 693 (274 universities, 183 polytechnics, 236 colleges of education).
- Economic Growth – GDP grew by 4.23% in Q2 2025, Nigeria’s fastest in four years, surpassing IMF’s 3.4% projection.
- Declining Inflation – Inflation fell to 20.12% (August 2025), the lowest in three years.
- Record Non-Oil Revenue – Over ₦20 trillion raised by August 2025; ₦3.65 trillion collected in September alone (411% higher than May 2023).
- Improved Debt Management – Debt service-to-revenue ratio reduced from 97% to below 50%; Ways and Means advances partly repaid.
- Foreign Reserves Strengthened – External reserves rose to $42.03 billion (Sept 2025), highest since 2019.
- Tax-to-GDP Growth – Ratio increased from less than 10% to 13.5%, with reforms expanding the tax base, not overburdening taxpayers.
- Trade Surplus Achieved – Nigeria has maintained five consecutive quarters of trade surplus; Q2 2025 surplus hit ₦7.46 trillion ($4.74B). Non-oil exports now represent 48%.
- Oil Sector Recovery – Oil production rose from 1m barrels/day (2023) to 1.68m barrels/day, with domestic PMS refining resuming after four decades.
- Naira Stability – Currency stabilised after FX reforms, narrowing the gap between official and parallel markets.
- Social Investment Impact – ₦330 billion disbursed to 8 million households through direct cash transfers.
- Solid Minerals Growth – Coal mining rebounded with 57.5% growth in Q2 2025, making solid minerals a rising sector.
- Transport Infrastructure Expansion – Rail grew by 40%, water transport by 27%. Major projects (Kano-Katsina-Maradi Rail, Lagos-Calabar Coastal Highway) are progressing.
- Improved Global Perception – Credit rating agencies upgraded Nigeria’s outlook; stock market surged to 142,000 points (Sept 2025) from 55,000 in May 2023.
- Monetary Stability – Central Bank cut interest rates for the first time in 5 years, citing confidence in Nigeria’s economic fundamentals.
- Security Gains – Significant victories recorded against Boko Haram, IPOB/ESN, and banditry. Peace has returned to many communities in the North-East and North-West.
- Youth Empowerment – Over 510,000 students benefited from NELFUND loans worth ₦99.5B; upkeep allowances of ₦44.7B provided.
- Credit Expansion – Credicorp provided ₦30B loans to 153,000 Nigerians; YouthCred gave NYSC members access to consumer credit.
- Creative & Digital Investment – iDICE programme launched with AfDB, French Dev Agency, and Islamic Dev Bank to boost Nigeria’s creative and tech ecosystem.
- Resilience & Stability – Despite inflation pains, reforms redirected trillions into education, healthcare, security, and infrastructure, laying a stronger economic foundation.
