By Ademola Adekusibe
November 6, 2025.
President Bola Tinubu has declared that Nigeria will overcome the challenges posed by terrorism and its recent designation by the United States as a “Country of Particular Concern” (CPC).
Speaking at the Federal Executive Council meeting on Thursday in Abuja, after swearing in two new ministers, Dr Bernard Mohammed Doro (Humanitarian Affairs and Poverty Reduction) and Dr Kingsley Tochukwu Udeh (Innovation, Science and Technology), the President assured that his administration is on the path to stability and prosperity.
“Do we have problems? Yes. Are we challenged by terrorism? Yes. But we will defeat terrorism. We will overcome the CPC designation,” Tinubu said. “Nigeria is one happy family, and we shall spare no effort until we eliminate all criminals from our society.”
The President also urged ministers and top government officials to maintain consistent communication and avoid contradictory public statements, noting that unity of message is essential for national confidence.
He commended the successful $2.35 billion Eurobond issuance, which was oversubscribed by 400 percent, describing it as proof of investor confidence in Nigeria’s reform agenda.
“The task ahead is immense, but it is our resolve to move forward with unity and purpose, guided by the Renewed Hope Agenda to build a prosperous, inclusive and resilient Nigeria,” he added.
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, briefed the Council on the state of the economy, noting significant improvements in key macroeconomic indicators.
According to Edun, Nigeria’s GDP grew by 4.23 percent in the second quarter of 2025, the highest in a decade outside the COVID rebound period. He said 13 sectors recorded growth above 7 percent, while inflation eased to 18.02 percent in September.
He added that foreign reserves had risen above $43 billion, and the nation recorded a trade surplus of N7.4 trillion, reflecting growing stability and investor confidence.
“The reforms under the Renewed Hope Agenda, though sometimes unpopular, are rooted in a clear objective to build a competitive economy that creates jobs and lifts millions out of poverty,” Edun said.
He noted that Nigeria’s removal from the Financial Action Task Force (FATF) Grey List marked a milestone in strengthening the country’s financial credibility and international reputation.
The minister also said the government’s vision of achieving a $1 trillion economy by 2030 was achievable with sustained reforms, strong infrastructure investment, and collaboration across sectors.
