Independence Day: Nigeria moving from economic stabilisation to growth — Yilwatda

In a message commemorating Nigeria's 66th Independence Day, Nentawe Yilwatda, the National Chairman of the All Progressives Congress (APC), conveyed his optimism about the nation's future. Despite the economic hurdles faced by citizens, Yilwatda emphasized that Nigeria is progressing towards a stronger and more prosperous state.

In his message, signed by Special Adviser on Media and Information Strategy Abimbola Tooki, Yilwatda highlighted the administration of President Bola Tinubu's efforts to tackle long-standing structural issues.

Yilwatda pointed out several key reforms initiated by the administration, including the removal of the petrol subsidy, foreign exchange reforms, efforts to enhance domestic revenue mobilisation, and monetary and fiscal measures. He acknowledged that these reforms have brought about significant short-term challenges for Nigerians, but also noted signs of macroeconomic stabilisation.

According to World Bank data, Nigeria's real GDP grew by 4.2 percent in the first half of 2026, while gross foreign reserves reached $51.9 billion by the end of July.

The APC leader also pointed to advancements in the energy sector, digital economy, investment, and social protection, viewing these as indicators of a transition from economic stabilisation to structural transformation. Yilwatda urged the focus to now be on converting these economic gains into improved household incomes, employment, food security, and greater opportunities for Nigerians.

He stressed that while progress has been made, the work is far from over, emphasizing that economic stabilisation should rapidly translate into better living standards for the populace.