Two years into President Tinubu’s term, Nigeria’s economy is showing early signs of revival on paper, at least. GDP growth has returned to pre-crisis levels, the fiscal deficit is narrowing, and some sectors are outperforming. But behind the numbers, poverty remains entrenched, exposing the tension between economic reform and lived reality.
Economists agree there’s measurable progress under Tinubu’s administration, but for most Nigerians, the recovery is still out of reach.
- Nigeria’s economy grew 3.4% in 2024, its best since 2014 (excluding pandemic years).
- Fiscal reforms reduced the deficit from 5.4% to 3.0% of GDP.
- Non-oil sectors like tech and agriculture fuelled much of the recovery.
- Experts warn that poverty and inequality still hold back inclusive growth.
- 2025 outlook is stable if reforms continue, and the IMF and World Bank both urge policy discipline.
