Tinubu Highlights Tax Reforms, Security Measures, Economic Outlook in New Year Message

President Bola Ahmed Tinubu has outlined Nigeria’s economic outlook for 2026, ongoing tax reforms, and plans to strengthen national security in his New Year message to Nigerians.

In the address, the President expressed optimism about the nation’s future, stating that the economic reforms implemented in 2025 had begun to yield measurable results despite global economic challenges.

Tinubu said Nigeria recorded steady economic growth in 2025, with annual GDP growth projected to exceed four per cent. He noted that inflation declined to below 15 per cent, the exchange rate stabilised, and foreign reserves rose to $45.4 billion as of December 29, 2025. According to him, the Nigerian Stock Exchange also posted a strong 48.12 per cent gain during the year.

The President added that foreign direct investment improved significantly, rising to $720 million in the third quarter of 2025 from $90 million in the previous quarter, attributing the increase to renewed investor confidence and sound monetary policies.

On fiscal discipline and tax reforms, Tinubu said his administration is addressing multiple taxation by harmonising tax laws across all tiers of government. He explained that the new tax reforms are aimed at creating a fair and competitive system, increasing revenue sustainably, and providing funds for infrastructure and social development.

Addressing security, the President reaffirmed his government’s commitment to tackling terrorism and criminality. He disclosed that decisive actions were taken against terrorist targets in parts of the Northwest on December 24, with sustained military operations continuing across the Northwest and Northeast. Tinubu also advocated decentralised policing, supported by regulated forest guards, to enhance national security.

On inclusive growth, Tinubu announced plans to accelerate the Renewed Hope Ward Development Programme, targeting the empowerment of at least 10 million Nigerians through agriculture, trade, mining, and local enterprises. He assured Nigerians that all ongoing infrastructure projects, including roads, power, rail, healthcare, and education initiatives, would continue without interruption.

The President concluded by calling on Nigerians to embrace unity, patriotism, and shared responsibility in nation-building, while wishing citizens a peaceful and prosperous New Year.