For the Record: From Reform To Prosperity (President Tinubu’s Independence Day Address)

President Tinubu addressed Nigerians on Independence Day, reflecting on Nigeria's journey from independence to prosperity. After gaining independence, Nigeria has faced numerous challenges, including war, military rule, economic crises, insecurity, and political upheaval. However, the resilient spirit of Nigerians has kept the nation moving forward.

The founding fathers did not merely seek independence but believed that Nigerians would have the freedom to shape their own destiny and build a prosperous nation. Unfortunately, choices made over time led to deep economic distortions and a decline in hope. In 2023, poverty was rising, and the country's situation was darker than ever. The government realized that it must act to treat the economic disease, not just mask the symptoms.

The new administration prioritized reforms that confronted the weaknesses in the economy, rather than simply treating the symptoms. These reforms have improved Nigeria's economic outlook, with a growth rate of over 4% this year, stable foreign reserves, and a record-high revenue from non-oil exports. The economy is growing, both in the oil and non-oil sectors, with oil theft decreasing and inflation falling.

Foreign direct investment is also on the rise. Despite the challenges, the government remains committed to shared and widespread prosperity. This includes lowering the cost of living by improving the efficiency of agriculture, transportation, and access to credit and education. The government aims to create a Nigeria where farming is profitable, businesses can grow, and families can look forward to a better future.