Tinubu lists economic gains, says Nigeria has reached turning point

President Bola Tinubu outlined economic improvements in Nigeria during his Independence Day broadcast, marking a turning point in the nation's economic trajectory. Since taking office three and a half years ago, the country has experienced a growth rate exceeding four percent in 2026, driven by both oil and non-oil sectors. Oil theft has decreased, and inflation has significantly dropped from its peak.

Foreign reserves have been replenished, the foreign exchange market stabilized, and Nigeria recorded over $6 billion in non-oil export revenue in 2025, the highest ever. International observers and institutions have acknowledged these economic gains. Tinubu declared that Nigeria had reached a critical juncture, stating that the phase of emergency economic measures had concluded.

He emphasized the government's new objective of achieving shared prosperity through tangible improvements in daily life, such as affordable food, reliable electricity, credit access, job opportunities, and better education. The upcoming focus will be on minimizing production and transportation costs, boosting agricultural output, expanding mechanization, and enhancing infrastructure like roads, railways, ports, and storage facilities.

Priority will be given to job creation, enterprise development, industrial growth, gas-powered industries, factory revival, digital connectivity, and infrastructure and finance for Nigerian businesses. While acknowledging ongoing struggles with food, school fees, medical expenses, and transportation costs for many Nigerians, Tinubu pledged to strengthen social interventions while pursuing sustained economic growth.

He concluded by declaring that the era of reform had achieved its goals, ushering in an era of prosperity, urging Nigerians to progress without looking back, envisioning a future of abundance and widely shared prosperity.