Tinubu tells Nigerians reforms are yielding way to prosperity
President Bola Tinubu said Nigeria’s economic reforms had placed the country on a path towards prosperity in his 66th Independence Day address. He cited growth of more than 4 per cent, lower inflation, rebuilt foreign reserves and increased non-oil export revenue, while promising greater attention to living costs and jobs.
President Bola Tinubu has told Nigerians that the country is moving from a period of economic reform towards prosperity, arguing that the measures introduced by his administration are beginning to produce results. He made the statement on Thursday in an address marking Nigeria’s 66th Independence Day anniversary. Tinubu said the reforms had been difficult, but were intended to confront weaknesses in the economy rather than create them.
“When this Administration assumed office, we resolved to do things differently,” the President said. He argued that the effects of the reforms should not be confused with the problems they were designed to address, and urged Nigerians to resist calls to return to what he described as unsustainable subsidies. Tinubu said the economy had grown by more than 4 per cent this year, with the oil and non-oil sectors contributing to what he called a period of stable growth.
He also said oil theft had declined and inflation had fallen substantially from its peak. The President said foreign reserves had been rebuilt and the foreign-exchange market had stabilised. He added that Nigeria’s non-oil export revenue exceeded $6bn in 2025, which he described as the country’s highest figure in its history.
According to Tinubu, international observers, journalists, non-governmental organisations and multilateral institutions had recognised improvements in Nigeria’s economic stability and resilience. He also said foreign direct investment was continuing to increase. He described the country as having reached a turning point and said the government’s objective had changed from correcting the nation’s economic course to delivering “shared and widespread prosperity”.
Tinubu said that goal meant more than stronger headline figures. He described it as a Nigeria where farmers could work safely and earn decent returns, factories had reliable electricity, businesses could obtain credit and young people could find productive employment. He also promised a focus on reducing the cost of living by lowering the cost of producing and moving goods.
The President said the promise of independence was to provide Nigerians with opportunity, dignity and a better life.
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