16th October 2025
The All Progressives Congress has praised President Bola Tinubu’s leadership, describing it as “visionary,” following recent reports from the International Monetary Fund and the World Bank that endorsed Nigeria’s economic reforms and projected a promising growth outlook for the country.
In a press statement signed by its National Publicity Secretary, Felix Morka on Wednesday, the APC expressed satisfaction with what it called a “new and vibrant economic environment” under Tinubu, one driven by diversification, job creation, and increased local production.
“The All Progressives Congress is heartened by global acclaim of President Bola Tinubu’s economic reforms that are yielding extraordinary results, and signaling that Nigeria now stands on the cusp of prosperity of a kind never before seen in our history,” the statement read.
The country’s Gross Domestic Products grew by 4.23 percent in the second quarter of 2025, surpassing the IMF’s initial projection of 3.4 percent.
The performance prompted the IMF to revise Nigeria’s growth forecast to 3.9 percent for 2025 and 4.2 percent for 2026.
The World Bank also projected that Nigeria’s economy will grow by 4.2 percent in 2025 and accelerate to 4.4 percent by 2027, crediting the growth to rapid expansion in services, agriculture, and non-oil sectors.
“What is more remarkable is that Nigeria’s strong economic performance comes against the backdrop of a slowing global economy,” the party said.
According to the IMF, global growth is forecasted to decline from 3.3 percent in 2024 to 3.2 percent in 2025 and 3.1 percent in 2026, while advanced economies are expected to grow at just 1.5 percent .
“In this global context, President Tinubu’s leadership and economic reforms have placed Nigeria as a standout performer, poised for sustained growth and development,” the statement added.
Despite the positive outlook, the APC acknowledged ongoing challenges, particularly food inflation and poverty.
Citing the World Bank, the party noted that poor households are spending up to 70 percent of their income on food, with poverty levels expected to reach 61 percent in 2025 and 62 percent in 2026 — affecting around 139 million Nigerians.
“The World Bank also forecasts a modest decline in poverty in 2027, expected to result from gains from the administration’s economic strategy and targeted interventions, including agricultural productivity initiatives and expanded social protection programs for the most vulnerable,” the party stated.
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