The Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, has said that Nigeria’s economy has stabilised. He recently had his say while briefing State House correspondents after the 158th meeting of the National Economic Council (NEC) in Abuja.
Stressing that the priority is now to transform economic stability into shared prosperity for Nigerians, Oyedele projected that Nigeria’s GDP growth rate would exceed four per cent in 2026.
He added that inflation has declined significantly, reaching 15.43 per cent at the end of July, compared with 24.94 per cent a year earlier.
His words, “Our real Gross Domestic Product growth rate was 3.89 per cent for Q1 of 2026, up from 3.13 per cent one year ago.
Debt service as a percentage of revenue is on the decline, from nearly 100 per cent as of 2022 to less than 60 per cent as of 2025.
This is also part of the recognition by the market rating agencies.
The first coordinated alignment in over a decade. So, they all agree.”
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