Tinubu Reaffirms Commitment to Stronger Global Partnerships, Intensified War on Terrorism

President Bola Ahmed Tinubu has reiterated his administration’s determination to strengthen global partnerships and intensify the fight against terrorism and criminality across Nigeria.

Speaking during the Federal Executive Council (FEC) meeting at the State House, Abuja, on Thursday, the President acknowledged the depth of the country’s security and economic challenges but assured Nigerians of his unwavering commitment to national progress under the Renewed Hope Agenda.

> “The task ahead is immense,” Tinubu said. “But we are resolved to move forward with unity and purpose, to defeat terrorism and build a prosperous, inclusive, and resilient Nigeria.”

The remarks followed an economic briefing by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, who reported that ongoing economic reforms are yielding tangible results and boosting investor confidence.

Edun, who expressed appreciation for the President’s support during his recent illness, stated that the government’s policies are designed to create jobs, foster economic competitiveness, and lift millions out of poverty.

According to him, Nigeria’s Gross Domestic Product (GDP) grew by 4.23 percent in the second quarter of 2025, the strongest in ten years, excluding the post-COVID-19 recovery period. He noted that 13 sectors expanded by over seven percent, compared to nine sectors in the previous quarter, reflecting broad-based economic resilience.

The industrial sector, he said, nearly doubled its growth from 3.72 percent to 7.45 percent, showing increased productivity and renewed investor interest. Inflation reportedly declined to 18 percent by December, while foreign reserves exceeded $43 billion and trade surplus rose to ₦7.4 trillion, demonstrating strengthened external stability.

Edun added that recent data indicate Nigerians now spend around 50 percent of their income on basic needs, down from nearly 90 percent previously, a sign of improving living standards and higher productivity.

He also described Nigeria’s removal from the Financial Action Task Force (FATF) grey list as a major confidence boost for the financial sector. International bodies such as the IMF and World Bank have since upgraded Nigeria’s growth outlook and credit ratings in recognition of the reform momentum.

The Minister further highlighted Tuesday’s successful €2.35 billion Eurobond issuance, which attracted over $13 billion in investor orders, as clear proof of global faith in Nigeria’s economic direction and Tinubu’s leadership.

Looking ahead, Edun said the administration is focused on achieving a $1 trillion economy by 2030, requiring sustained seven percent annual growth by 2027. He said the next phase of reforms will target removing investment barriers, reviewing tariffs and import restrictions, improving fiscal reporting, and optimising asset management.

He urged ministries in charge of infrastructure, mining, health, education, agriculture, and the blue economy to collaborate with state governments in developing investment-ready projects to attract both local and international capital.

Responding, President Tinubu said the Eurobond’s oversubscription, despite political uncertainties, reflected global confidence in Nigeria’s economic fundamentals.

> “Despite the headwinds and fears, our partners have continued to engage with confidence,” he affirmed.

During the meeting, the Secretary to the Government of the Federation (SGF), Senator George Akume, announced the passing of Senator Solomon Ewuga, former Minister and Deputy Governor of Nasarawa State, who died on September 23 in Egypt at the age of 70. The Council observed a minute of silence in his honour.

Akume also informed members of the death of General Mohammed Abdullahi, a former Chief of Staff under President Olusegun Obasanjo, former Military Governor of Benue-Plateau State, and the pioneer Director-General of the Nigerian Security Organisation (NSO).

The Council again observed a minute of silence in remembrance of his service.

> “May their souls rest in perfect peace,” Akume said.