Nigeria recorded 12 consecutive months of economic expansion in 2025, says minister

Mohammed Idris, minister of information and national orientation, says Nigeria’s economy expanded for 12 consecutive months in 2025.

The minister spoke on Monday while presenting the federal government’s end-of-year scorecard in Abuja.

Idris said the sustained expansion was reflected in the purchasing managers’ index (PMI), which showed “uninterrupted” growth in economic activities throughout the year.

“The most recent Purchasing Managers Index (PMI) data – an important measure of business sentiment – indicates that Nigeria has now seen 12 consecutive months of expansion in economic activities,” he said.

Idris noted that the development underscores the resilience of the non-oil sector despite inflationary pressures and global economic uncertainties.

The minister also said Nigeria’s gross domestic product grew by 3.98 percent in the third quarter of 2025, primarily driven by services, trade, and manufacturing.

Idris said headline inflation declined for eight consecutive months to 14.45 percent in November, while external reserves rose to about $44.56 billion.

“Our external reserves have strengthened to approximately $44.56 billion, providing a robust buffer that stabilises our currency and assures international investors,” he said.

Idris said the federal government remains focused on consolidating macroeconomic stability and translating growth indicators into tangible improvements in living standards.

According to him, the 2026 budget will prioritise security, infrastructure, youth empowerment, and social welfare to sustain economic momentum.

“The mission of 2026 is to raise the edifice of a secure, competitive, and prosperous Nigeria upon it,” the minister said.

“The temporary pains of reform are yielding to permanent gains. President Tinubu’s vision for Nigeria is big, his strategy unambiguous, and his resolve unshakeable.

”We are consolidating stability, protecting our homeland, empowering our youth, and building a nation where every citizen has the agency to thrive.

“This is the Nigeria we are building together. A Nigeria, truly on the move.”