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Breaking News: Nigeria’s Economy Records High Growth — Edun Idowu

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ABUJA — Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has said that the nation’s economy is witnessing a progressive growth.

Edun said that the Nigerian Gross Domestic Product, GDP, grew by 4.23 per cent in the 2Q of 2025, noting that it was the highest quarterly figure in a decade aside the post covid era.

This came as President Bola Tinubu swore-in two Ministers from Enugu and Plateau states.

The two ministers who took the oath of office at the Council Chamber, Presidential Villa, Abuja, are Dr. Kingsley Udeh, SAN, from Enugu State and Dr. Bernard Doro from Plateau State.

The Senate had earlier in the day confirmed Udeh, as a Minister of the Federal Republic of Nigeria.

Udeh, who until his nomination was the Attorney General and Commissioner for Justice in Enugu state, replaced Chief Uche Nnaji, the immediate past Minister of Innovation, Science and Technology, who resigned his appointment over the alleged forged certificate, while Doro replaced Prof. Nentawe Yilwatda, the current national Chairman of the All Progressives Congress, APC.

The brief exercise was preceded by the Federal Executive Council, FEC, meeting presided over by President Tinubu.

Responding to the presentation made by the Minister of Finance and Coordinating Minister of the economy over the steady growth of the economy, President Tinubu said: “The most important thing is the fact that despite the political headwind and the fear of our people, we will continue to engage with our partners. The success of the 2.3 billion bond over subscribed is the most at this stage.

“The task ahead is immense but we are resolved to move forward with unity and purpose, guided by renewed hope, agenda to build a prosperous, inclusive and resilient Nigeria.”

Tinubu said the Eurobond’s oversubscription, despite political anxieties, underlined global faith in Nigeria’s fundamentals.

“Despite the political headwinds and fears, our partners have continued to engage with confidence,” he said.

Tinubu’s remarks came after an economic briefing by Mr. Edun, who reported that the administration’s reform agenda continues to stimulate investor confidence and deliver notable economic gains.

Edun, who expressed gratitude to the President and cabinet members for their support during his recent illness, said the ongoing reforms, though challenging, are driven by a clear objective to build a competitive economy that creates jobs and lifts millions out of poverty.

According to him, Nigeria’s GDP grew by 4.23 percent in Q2 2025, the strongest expansion in a decade outside the post-COVID-19 rebound.

He said 13 sectors expanded by more than 7 percent, up from nine in the previous quarter, evidence of broad-based resilience.

The industrial sector, Edun added, nearly doubled its growth from 3.72 percent to 7.45 percent, reflecting rising productivity and renewed investor interest.

He reported that inflation declined to 18 percent last December, while foreign reserves exceeded $43 billion and the trade surplus climbed to N7.4 trillion, signalling strengthened external buffers.

Edun noted that new consumer-spending data showed Nigerians now spend about half of their income on basic needs, compared with nearly 90 percent previously, indicating a gradual transition from subsistence to improved living standards and enhanced productivity.

He described Nigeria’s recent removal from the Financial Action Task Force, FATF, grey list as a major confidence boost for the financial sector, noting that global institutions, including the IMF and World Bank, had acknowledged the country’s reform momentum through upgraded growth projections and improved credit ratings.

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POLITICS: Wike-led PDP Faction Takes Over Party Secretariat In Oyo

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Members of Peoples Democratic Party, PDP, loyal to the Minister of Federal Capital Territory, FCT, Nyesom Wike, have taken over the secretariat of the party in Oyo State.

The secretariat, located in the Molete area of Ibadan, was in the custody of the faction loyal to Governor Seyi Makinde of the state until Thursday when the members loyal to Wike took over the premises.

DAILY POST gathered that the PDP members stormed the secretariat on Thursday and occupied the premises with hundreds of members of the party in attendance.

PDP chairman in the state, Professor Abdulrahman Akinoso, confirmed the development to DAILY POST.

Akinoso in a telephone conversation with DAILY POST on Thursday, insisted that the real owners have taken over the premises.

He said, “It is true. It is not faction. It is PDP. We have taken over the premises. It was in the morning. We were there in the morning. We just left the premises. We are now in control. We have taken over the premises.” .…For more, Complete your reading.

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POLITICS: Foreign Recognition Won’t Secure Re-election – ADC Tells Tinubu

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The African Democratic Congress (ADC) has told President Bola Tinubu that foreign recognition will not secure him another term in office, insisting that Nigerians will judge his administration by its performance, not by diplomatic gestures from other world leaders.

In a statement issued on Thursday by its National Publicity Secretary, Bolaji Abdullahi, the opposition party reacted to the Presidency’s celebration of a purported letter from United States President Donald Trump to Tinubu.

The ADC said presenting the letter as an endorsement of Tinubu’s administration was misleading, stressing that diplomatic correspondence between world leaders is a normal part of international relations.

“The Presidency’s attempt to present President Donald Trump’s letter to President Bola Ahmed Tinubu as though it were a referendum on the state of the nation is not correct,” the party said.

According to the ADC, countries cooperate, leaders exchange views and letters regularly, adding that such communication does not amount to an endorsement of a government’s performance.

The party accused the Tinubu administration of being desperate for international validation instead of focusing on solving Nigeria’s challenges.

“It is apparent that this administration is desperate to seize upon any gesture of international recognition as proof of success at home,” the statement said.

The ADC maintained that “a letter from a foreign president, however well-intentioned, cannot substitute for the verdict of the Nigerian people.”

It added that the true measure of any government is not what foreign leaders say about it, but what citizens experience daily.

The opposition party argued that Trump’s letter had not changed the reality facing millions of Nigerians, especially those affected by insecurity.

“For the millions of Nigerians still living with the consequences of this government’s failures, President Trump’s communication changes nothing. It did not say that insecurity has been overcome or that Nigerians can once again travel freely, farm safely and sleep without fear,” the party stated.

The ADC also pointed to the continued captivity of hundreds of women and children in parts of Borno State and Kaiama in Kwara State, while many communities in Benue and other parts of the country still live in constant fear because of insecurity.

The party further noted that, despite the Presidency’s celebration of the letter, the United States Department of State has not changed its travel advisory for Nigeria.

According to the ADC, several Nigerian states remain under Level 3 and Level 4 travel advisories, with American citizens still being urged to reconsider or avoid travel because of crime, terrorism, kidnapping and civil unrest.

“We therefore wonder how correspondence from a government that designates several Nigerian states as ‘Do Not Travel’ areas can be regarded as an endorsement,” the party said.

It argued that the travel advisory shows the international assessment of Nigeria’s security situation remains different from the image the Presidency is trying to project.

The ADC said Nigerians are more concerned about their safety than diplomatic exchanges between presidents.

“The daily reality of Nigerians is shaped not by diplomatic correspondence, but by the guarantee that they can go about their lives without falling victim to violent crime or terrorism,” it said.

The party stressed that Trump’s letter was simply communication between two presidents and “does not amount to an endorsement of this government’s overall performance.”

It urged the Tinubu administration to focus less on celebrating diplomatic courtesies and more on delivering measurable improvements in the lives of Nigerians.

“Ultimately, Nigerians will not judge this government by the letters it receives from foreign capitals. They will judge it by whether .…For more, Complete your reading.

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