On Wednesday, President Bola Tinubu addressed Nigerians to mark the 65th anniversary of the country’s independence.
The president declared that the economy was on a recovery path, with his reforms of the last two years delivering “tangible results.”
He listed 12 “remarkable economic milestones,” including GDP growth, improved reserves, revenue expansion and declining inflation.
PREMIUM TIMES reviewed some of the claims against official data and expert sources.
Below are our findings:
1. CLAIM: The second quarter 2025 Gross Domestic Product grew by 4.23 per cent, Nigeria’s fastest pace in four years.
VERIFICATION: To test this claim, PREMIUM TIMES reviewed Nigeria’s GDP quarterly growth rates in the last four years.
NBS data shows GDP grew 4.23 per cent in Q2 2025, the highest quarterly growth since 2021.
Nigeria last recorded a GDP growth rate above 4.23 per cent in the second quarter of 2021, when the economy expanded by 5.01 per cent.
The latest figures are higher than those recorded in Q1 2025 (3.13 per cent) and 2024 (Q4: 3.84 per cent;
Continue Reading on Premium Times Nigeria
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.