Reno Omokri lists ’21 economic miracles under Tinubu’

File photo of the former presidential aide, Reno Omokri.

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A former presidential aide, Reno Omokri, has stated that Nigeria recorded remarkable economic milestones under President Bola Tinubu, spanning foreign reserves, oil production, financial markets, infrastructure, and social support programs. Experts say these developments reflect a period of growth and stabilisation for the country’s economy.

On his X account cited by PUNCH Online on Tuesday, Omokri listed some of the achievements recorded by the present administration to include:

”1. Stronger Foreign Reserves Nigeria’s foreign reserves have crossed the $45 billion mark for the first time in six years, now ranking as the fourth-highest on the African continent.

”2. Robust GDP Growth Prudent management of reserves has contributed to a 3.93% GDP growth in the most recent quarter, following a 4.23% growth in the previous quarter (Q2, 2025).

”3. Energy Independence Within two years, Nigeria transitioned from being Africa’s largest petrol importer to West Africa’s largest exporter.

”4. OPEC Production Surplus For the first time in over a decade, Nigeria has exceeded its OPEC quota for three consecutive months, averaging 1.71 million barrels per day.

”5. Expanded International Flights President Tinubu facilitated direct flights for Nigerian airlines to major global destinations, including London, São Paulo, Bogotá, Entebbe, Dar es Salaam, Algiers, and St. Kitts and Nevis.

”6. Reduction in Oil Theft Oil theft has dropped to less than 10,000 barrels per day, marking a sixteen-year low.

”7. Revenue Targets Achieved Nigeria achieved its full-year revenue target by August, a first in its history.

”8. Stock Market Growth The Nigerian Stock Exchange rose above 130,000 All Share Index points for the first time.

”9. GDP Expansion The economy expanded by $67 billion in just two years, growing from ₦269.29 trillion in May 2023 to ₦372.8 trillion today.

”10. Non-Oil Revenue Growth Between January and August 2025, non-oil tax revenue rose 40.5% to ₦20.59 trillion, compared to ₦14.6 trillion in the same period in 2024.

”11. Record Corporate Valuation MTN Nigeria Limited hit a record ₦10 trillion valuation, the first Nigerian company to reach this milestone.

”12. Falling Inflation Food prices have dropped significantly, reducing inflation to 16.05% from 20.12% in August 2025.

13. Lower Fuel Prices Retailers, including Dangote, have reduced fuel prices below ₦1,000.

”14. Naira Stability The Naira has stabilized below ₦1,500 to the US dollar, making it one of the world’s best-performing currencies, according to Fitch Ratings.

”15. Record Power Generation Nigeria broke its power generation record with a peak of 5,801.84MW and maximum daily energy output of 128,370.75 MWh.

”16. Trade Surplus Growth Nigeria’s trade surplus rose 44.3% in Q2 2025 to ₦7.46 trillion, surpassing Q1’s ₦5.17 trillion.

”17. Lower Interest Rates The Central Bank of Nigeria reduced interest rates by 50 basis points to 27%, the first cut since the COVID-19 pandemic.

”18. Global Economic Recognition Fitch and S&P Global Ratings upgraded Nigeria’s economy to a Stable B rating.

”19. Expert Endorsement Economists, including Dr. Ngozi Okonjo-Iweala and Dr. Chukwuma Soludo, confirmed that President Tinubu has stabilized Nigeria’s economy.

”20. Rail Transport Growth Rail transport expanded by 43.08% in Q2 2025.

”21. Road Infrastructure Expansion Road transport grew by 24.50%, driven by ongoing mega-projects like the ₦13 trillion Illela-Sokoto-Badagry Superhighway and ₦15 trillion Lagos-Calabar Coastal Highway.”

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