Nigeria’s economic trajectory under Tinubu cast doubts on opposition’s misery tale, TMSG insists
By Wuddeama Manga/ABUJA// The latest GDP figures by the National Bureau of Statistics (NBS) showing the Nigerian economy’s steady upward trajectory under President Bola Tinubu came as an effective answer to dwarf tales of misery of the opposition, according to the Tinubu Media Support Group (TMSG).
In a statement signed by its Chairman Emeka Nwankpa and Secretary Dapo Okubanjo, the group was emphatic that the 4.43% GDP growth for the second quarter of 2026 was the fastest Q2 growth in 5 years.
The statement read, “Even before the National Bureau of Statistics (NBS) announced the GDP figure for Q2 2026, many financial analysts had rightly predicted a 4% growth, up from the 3.89% recorded in Q1 2026, on the back of stable daily crude production.
“Average daily crude production in the second quarter of the year was 1.72 million barrels per day (mbd) which was higher than the 1.55mbd recorded in the first quarter of the year.
“So when NBS released its Q2 report, the economy not only recorded a 4.43% growth, it was almost exactly in line with the expectations, and that we dare say is because of stable macroeconomic fundamentals.
“What makes it more important is that, the economy is now growing faster than the rate of population growth. Besides, It is the fastest Q2 growth in 5 years.
“And like President Tinubu said in his reaction to the NBS report, it is a clear signal that the economy is entering a new phase, one in which the masses would begin to feel the impact of a growing economy in their pockets and their dining table.
“That the improvement was driven largely by stronger and far better performances in agriculture and services is something to be elated about, even though more still has to be done in both sectors.
“We acknowledge that the results of the Tinubu reforms have continued to manifest in stability and growth of the economy.
“It is an indication that the economic policies are working contrary to the stance of the opposition who are using the cost of living as a gauge even when they know that the economy has to be stable first to attract investments which would translate to microeconomic gains.
“We invite Nigerians to note that a reversal of the Tinubu reforms, as promised by former Vice President Atiku Abubakar, would spell doom in an economy that is responding well to the painful, yet necessary reforms introduced more than three years ago.
“We note that there is no notable economist that has not hailed the success of the reforms even as they also urge the authorities to expand their social safety net across the country which the Tinubu administration has been working on.
“This has culminated in the $1bn Household Prosperity and Empowerment Social Protection Project (HOPE-SP) which is aimed at strengthening the economic livelihood of poor and vulnerable households, as well as the federal government’s collaboration with subnational governments on public transportation.”
The group urged Nigerians not to be swayed by the gimmicks being deployed by opposition elements as the country moves deeper into campaign season ahead of the January 2027 Presidential elections.
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