Governor of Imo State and Chairman of the Progressive Governors’ Forum, Hope Uzodimma has declared that amid gulf conflicts, Strait of Hormuz blockade, soaring oil prices and global inflation chaos, Nigeria is not only surviving but also thriving.
Uzodimma, who is also the Director General of Renewed Hope Ambassadors, made the declaration at an interactive session with members of the diplomatic community yesterday.
He noted that the country was emerging stronger from bold economic reforms under President Bola Tinubu.
He positioned Nigeria as Africa’s resilient giant, crediting Tinubu’s reforms for building macroeconomic shock absorbers.
He cited grim forecasts: IMF’s 0.3-point cut to Nigeria’s 2026 growth due to war-related fuel and fertiliser woes; UNDP’s double-digit inflation warning for Nigeria, Egypt, Ethiopia and Angola. “Nigeria has held up well under these conditions,” Uzodimma countered. “Headline inflation, which peaked above 27 percent at the start of this administration, declined steadily through 11 consecutive months of disinflation, reaching 15.06 percent in February of this year, the lowest level since November 2020. March ticked up to 15.38 percent from Hormuz ripple effects, but the central point is that Nigeria entered a period of major external shock with a stable foreign exchange architecture, healthy reserves and an inflation trajectory that had already been bent downwards.
