President Bola Ahmed Tinubu has declared that Nigeria’s economy is witnessing its strongest growth in a decade, with GDP rising by 4.23 percent in the second quarter of 2025.

He said industrial output doubled year-on-year, while agriculture and services also expanded. Inflation, which stood at 20.12 percent in August, has been on a steady decline for five consecutive months.

Speaking at the Northern Nigeria Investment and Industrialization Summit in Abuja on Monday, Tinubu, represented by Finance Minister Wale Edun, said Nigeria’s trade surplus now stands at N7.4 trillion, reserves have risen to 42 billion dollars, and the naira has stabilised.

Minister of Budget and National Planning, Senator Atiku Bagudu, said the forthcoming 2026–2030 Development Plan would incorporate outcomes from the summit.

Zamfara State Governor Dauda Lawal emphasised security, harmonised policies, and regional power strategies as key to attracting investment, while Nasarawa Governor Abdullahi Sule urged Northern leaders to take responsibility for securing their states.

Convener of the summit, Professor Ango Abdullahi, represented by Air Marshal Al’amin Daggash (Rtd.), described the North as Nigeria’s economic engine but warned that inadequate infrastructure and limited access to credit were holding back its potential.

The summit launched the MAP2035 agenda to accelerate industrialization, boost mining, agriculture and power, create jobs, and drive infrastructure through public-private partnerships.