President Bola Ahmed Tinubu on Wednesday outlined 12 major economic milestones recorded under his administration, insisting that Nigeria is on the path to recovery following bold fiscal and monetary reforms.
In his Independence Day broadcast, the President declared that “the worst is over,” stressing that his government’s policies were beginning to yield results across critical sectors.
He urged Nigerians to remain steadfast, assuring them that the temporary pains of reforms would soon give way to relief and greater prosperity.
Tinubu praised the resilience of citizens in enduring the impact of reforms, noting that their patience had not been wasted.
He also called for collective effort in the nation-building process, saying, “Like our founding fathers, I am committed irrevocably to the unfinished business of building this nation.”
Among the 12 achievements listed were: record non-oil revenue growth, a stronger foreign reserve position, a reduced debt service-to-revenue ratio, higher tax-to-GDP ratio, increased oil production of 1.6 million barrels per day, and the revival of domestic refining.
Others include an expanded export drive, a ₦330 billion social investment programme for poor households, rising coal mining activities, improved transport infrastructure, enhanced sovereign credit rating, and the Central Bank’s slash of interest rates for the first time in five years.
The President also pointed to a 4.23 per cent GDP growth in the second quarter of 2025, which surpassed the International Monetary Fund’s 3.4 per cent projection, and a drop in inflation to 20.12 per cent in August, the lowest in three years.
Reflecting on Nigeria’s 65 years of independence, Tinubu paid tribute to the sacrifices of the country’s founding fathers while acknowledging setbacks from the civil war, military rule, and political instability.
He lamented the failure to make critical investments in the past but expressed optimism that current reforms were correcting those mistakes.
On security, Tinubu said the armed forces and security agencies were recording significant victories against Boko Haram in the Northeast, IPOB/ESN in the Southeast, and bandits in the Northwest.
He pledged continued support for the military, linking national security to economic stability.
“Our economy is recovering fast because the reforms are delivering results,” he assured, calling on Nigerians to show patriotism and engage constructively as the country presses forward.