- APC Applauds Tinubu’s Economic Reforms as IMF, World Bank Laud Nigeria’s Growth
- Notable milestones under the Tinubu administration include surpassing ₦2 trillion in FAAC monthly allocations
- The World Bank also projects growth acceleration from 4.2% in 2025 to 4.4% in 2027
The All Progressives Congress (APC) has expressed satisfaction with the economic reforms of President Bola Ahmed Tinubu, noting commendations from the World Bank and the International Monetary Fund (IMF) for Nigeria’s improving economic trajectory.
Eko Hot Blog reports that in a statement issued in Abuja by the APC National Publicity Secretary, Felix Morka, the party highlighted that under Tinubu, Nigeria is creating a diversified, inclusive, and job-creating economy, moving away from the traditional oil-dependent boom-and-bust cycles.
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“Economic growth is the most potent antidote to poverty and underdevelopment. It generates jobs, boosts incomes, creates wealth, extends infrastructure, and expands access to essential services,” the statement read.
According to APC, Nigeria’s Q2 2025 GDP growth rose to 4.23%, surpassing the IMF’s earlier projection of 3.4%, leading the IMF to revise its forecast to 3.9% in 2025 and 4.2% in 2026.
The World Bank also projects growth acceleration from 4.2% in 2025 to 4.4% in 2027, driven by non-oil sectors such as services and agriculture.
The party acknowledged that challenges remain, including food inflation, poverty, and infrastructure deficits, citing World Bank projections that poverty levels may reach 61% in 2025 and 62% in 2026, affecting approximately 139 million Nigerians.
APC, however, expressed confidence that the administration’s economic strategies, including agricultural initiatives and expanded social protection programs, will gradually alleviate these issues.
“The bold market-based reforms have sparked productivity and historic diversification, resulting in trade surpluses for five consecutive quarters and shrinking fiscal deficits,” the statement said.
Notable milestones under the Tinubu administration include surpassing ₦2 trillion in FAAC monthly allocations, achieving non-oil revenue targets ahead of schedule, and customs collections exceeding projections by ₦390 billion.
These reforms, coupled with foreign direct investment commitments such as the $300 billion Qatari investment, have strengthened Nigeria’s economic resilience and reduced inflation to 20.1%, while stabilizing the Naira.
APC concluded by emphasizing that President Tinubu’s re-election in 2027 would ensure the continuation of the country’s growth trajectory, urging Nigerians to remain steadfast in support of the party and the President’s vision for inclusive and sustainable development.
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