President Bola Ahmed Tinubu, in his address to mark Nigeria’s 65th Independence Anniversary, reassured citizens that the nation has turned a corner despite current economic hardships.
Tinubu defended his administration’s reforms—including the removal of fuel subsidies and the unification of exchange rates—stressing that they were necessary to reset the economy and redirect resources to development. He highlighted improved economic indicators such as 4.23% GDP growth in the second quarter, declining inflation at 20.12%, and external reserves rising above $42 billion.
The President also announced the disbursement of ₦330 billion to eight million vulnerable households and promised sustained investment in roads, rail, airports, and seaports. He urged Nigerians to embrace local production, pay taxes faithfully, and support the national drive toward self-reliance.
While Tinubu’s speech struck an optimistic tone, critics questioned the transparency of social programmes and noted that widespread poverty and labour unrest remain pressing challenges.
The President concluded by calling for unity and resilience, insisting that “Nigeria is racing against time” but remains firmly on the path to recovery.