President Bola Ahmed Tinubu on Wednesday outlined 12 economic achievements of his administration, attributing them to the adoption of fiscal and monetary reforms.
The President, in his Independence Anniversary broadcast, assured Nigerians that the worst phase of hardship was over and that the country had begun to reap the benefits of his reforms.
“In the last 28 months of my administration, like our founding fathers and leaders, who came before me, I have committed myself irrevocably to the unfinished nation-building business,” he said.
Tinubu appealed to citizens to remain steadfast and supportive, stressing that their patience and sacrifices would soon yield relief.
He commended Nigerians for enduring the pains of reforms, insisting that the economy was now on a clearer growth trajectory.
He listed some of the milestones as a record-breaking rise in non-oil revenue, improved fiscal health with reduced debt service-to-revenue ratio, stronger foreign reserves, higher tax-to-Gross Domestic Product ratio, increased export drive leading to currency stability and job creation, oil production hitting 1.6 million barrels per day, and domestic refining.
Others include the N330 billion social investment scheme for poor households, a rise in coal mining activities, expansion of transport infrastructure, improved sovereign credit rating, and a slash in interest rate for the first time in five years by the Central Bank of Nigeria.
Reflecting on Nigeria’s 65 years of independence, the President paid homage to the nation’s founding fathers, while highlighting growth across sectors such as education, health, infrastructure, financial services, telecommunications, information technology, aviation and defence.
He also noted the nation’s chequered history of civil war, military dictatorship and political upheavals, blaming part of the challenges on the failure to invest early in key sectors.
According to him, recent data show the economy is gaining traction. “In the second quarter of 2025, Gross Domestic Product grew by 4.23 per cent- Nigeria’s fastest pace in four years – and outpaced the 3.4 per cent projected by the International Monetary Fund.
“Inflation declined to 20.12 per cent in August 2025, the lowest in three years. The administration is working diligently to boost agricultural production and ensure food security, reducing food costs,” he said.
Tinubu also tied economic growth to improved security, pledging sustained efforts in the war against terrorism, banditry and violent crimes.
He said: “The officers and men of our armed forces and other security agencies are working tirelessly and making significant sacrifices to keep us safe. They are winning the war against terrorism, banditry and other violent crimes.
“We see their victories in their blood and sweat to stamp out Boko Haram Terror in Northeast, IPOB/ESN terror in Southeast and banditry and kidnapping.”