FEC: Tinubu Vows to Strengthen Global Partnerships, Defeat Terrorism

President Bola Ahmed Tinubu has reaffirmed that Nigeria remains on a steady path of growth, stability, and prosperity as his administration’s economic reforms continue to yield tangible results both domestically and internationally.

Speaking during Thursday’s Federal Executive Council (FEC) meeting at the State House, Abuja, the President said the Federal Government is deepening its diplomatic and economic engagements with global partners to sustain investor confidence and strengthen national security.

The meeting followed the swearing-in of two new ministers — Dr Bernard Mohammed Doro (Humanitarian Affairs and Poverty Reduction) and Dr Kingsley Tochukwu Udeh (SAN) (Innovation, Science and Technology).

President Tinubu noted that the successful $2.3 billion Eurobond issuance, which was oversubscribed by 400%, underscored global confidence in Nigeria’s economic direction.

“The most important thing is that despite the political headwinds and the fears of our people, we will continue to engage with partners,” the President said.
“The success of the Eurobond is most assuring. We are engaging the world diplomatically, and we assure all Nigerians that we will defeat terrorism and build a prosperous, inclusive, and resilient country.”

On security, Tinubu urged Nigerians not to succumb to despair, emphasizing his administration’s determination to end terrorism and insecurity nationwide.

“Do we have problems? Yes. Are we challenged by terrorism? Yes. But we will defeat terrorism. We will overcome the CPC designation. Nigeria is one happy family, and we shall spare no effort until we eliminate all criminals from our society,” he stated.

The President also directed ministers and top government officials to maintain consistent communication and avoid contradictory public statements that could undermine government messaging.

During the briefing, Minister of Finance and Coordinating Minister of the Economy, Wale Edun, presented an encouraging overview of the economy, noting that Nigeria recorded its highest GDP growth in a decade outside the COVID-19 rebound.

According to Edun, the nation’s GDP grew by 4.23% in Q2 2025, while inflation dropped to 18.02% in September 2025. He added that foreign reserves have risen above $43 billion, and the trade surplus now stands at ₦7.4 trillion.

He also announced that Nigeria’s removal from the Financial Action Task Force (FATF) Grey List marked a major milestone for financial integrity and investor confidence.

Edun reiterated that the administration’s goal of achieving a $1 trillion economy by 2030 was realistic, provided Nigeria sustains 7% annual growth and intensifies reforms to attract investment, create jobs, and reduce poverty.

“Despite the political headwinds, the market has focused on Nigeria’s economic fundamentals,” he said, citing the oversubscription of the Eurobond as proof of global trust in the nation’s economic reforms.

The finance minister urged inter-ministerial collaboration, particularly in infrastructure, education, health, agriculture, and innovation sectors, to consolidate reforms and sustain investor confidence.

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