By Fatima Saka
President Bola Ahmed Tinubu has assured Nigerians that the country has turned the corner on its economic and security challenges, declaring that the difficult reforms undertaken by his administration are beginning to yield results.
In a nationwide broadcast on Wednesday to mark Nigeria’s 65th Independence Anniversary, President Tinubu said his government chose the path of tough but necessary reforms over short-term comfort, stressing that the sacrifices made by Nigerians are paying off.
“The worst is over,” he said. “Yesterday’s pains are giving way to relief. Our economy is recovering fast, and the reforms we started over two years ago are delivering tangible results.”
Highlighting recent economic gains, the President noted that Nigeria’s Gross Domestic Product grew by 4.23% in the second quarter of 2025, the fastest pace in four years, while inflation declined to 20.12% in August — the lowest in three years. He also cited increased oil production, a stronger naira, record non-oil revenue, and a trade surplus as indicators of progress.
Tinubu stressed that his administration had redirected resources freed from the removal of fuel subsidies and foreign exchange distortions into funding education, healthcare, security, agriculture, and critical infrastructure. He pointed to ongoing rail, road, and energy projects as evidence of investment in the future.
On security, the President praised the armed forces for their efforts in combating terrorism, banditry, and other violent crimes, saying peace has returned to several previously troubled communities.
Addressing young Nigerians, Tinubu described them as the “future and greatest assets” of the nation, highlighting initiatives such as the student loan fund, affordable credit schemes, and the iDICE programme to support technology and creative enterprises.
While acknowledging the rising cost of living, Tinubu urged Nigerians to remain steadfast, insisting that the sacrifices of today are laying a concrete foundation for a more prosperous and self-reliant Nigeria.
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“My message is hope and a call to action,” he said. “Let us be a nation of producers, not just consumers. With Almighty God on our side, the dawn of a new Nigeria is here.”
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