NDLEA ARRESTS COCAINE KINGPIN AFTER 13 YEARS ON THE RUN, BUSTS SECRET IMO DRUG LAB. (PHOTOS).

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  NDLEA Arrests Cocaine Kingpin After 13 Years on the Run, Busts Secret Imo Drug Lab National Drug Law Enforcement Agency,  NDLEA, says it has taken into custody a suspected drug kingpin, Reginald Peter Chidiebere, after 13 years in hiding following the seizure of large consignments of cocaine and heroin linked to him by operatives of the National Drug Law Enforcement Agency (NDLEA) at the Murtala Muhammed International Airport (MMIA), Ikeja, Lagos. The drug lord was first arrested in 2013 over the shipment of cocaine into Nigeria and was subsequently arraigned before Justice Ayokunle Faji of the Federal High Court, Lagos, in charge no. FHC/L/187c/2923. He, however, jumped bail and went into hiding after the trial judge granted him bail in 2013 and has since remained at large. In February 2024, his name featured prominently as one of the masterminds of the shipment of 49.70 kilograms of heroin imported from South Africa following the interception of the consignment by NDLEA op...
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WHAT THE 4.07% GDP GROWTH IN Q4 2025 MEANS FOR THE NIGERIAN ECONOMY.(PHOTO). #PRESS RELEASE

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 FEDERAL MINISTRY OF FINANCE


PRESS STATEMENT


What the 4.07% GDP Growth in Q4 2025 means for the Nigerian economy


Abuja, Nigeria


The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has welcomed new data from the National Bureau of Statistics (NBS) showing that Nigeria’s real GDP grew by 4.07% in the fourth quarter of 2025 (Q4 2025).


This marks the second time in a decade—excluding the immediate post-pandemic rebound—that quarterly growth has exceeded 4%. The result follows the 4.23% growth recorded in Q2 2025 and represents a clear improvement from 3.76% in Q3 2024, reflecting strengthening macroeconomic stability and the impact of ongoing reforms under the leadership of President Bola Ahmed Tinubu.


Sectoral Performance


Growth in Q4 2025 was broad-based across the three major sectors:


Agriculture expanded by 4.0%, up from 2.54% in Q4 2024, supported by improved security in food-producing areas and better access to inputs.


Industry grew by 3.88%, compared to 2.49% in the corresponding period of 2024, driven by improved foreign exchange liquidity, energy sector reforms, and stronger investor confidence.


Services recorded 4.15% growth, reflecting continued expansion in finance, telecommunications, trade, and technology-driven activities.


Approximately 30 subsectors recorded growth above 3%, underscoring the breadth and increasing diversification of the expansion.


Full-Year 2025 Performance


For the full year, Nigeria’s real GDP grew by 3.87%, up from 3.38% in 2024. The size of the economy increased to ₦441.5 trillion, compared to ₦372.8 trillion in 2024.


This performance reflects improved fiscal coordination, disciplined expenditure management, stronger revenue mobilisation, and continued structural reforms aimed at restoring macroeconomic credibility.


The Honourable Minister noted that the data reinforces confidence among domestic and international investors and signals that Nigeria’s reform programme is gaining traction. The Ministry of Finance remains committed to sustained reform implementation, institutional coordination, and transparent engagement with stakeholders.


Signed:

Mrs. Uloma Amadi

Assistant Director, Information and Public Relations

Federal Ministry of Finance

finance.gov.ng

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