President Bola Ahmed Tinubu addressed the nation on Nigeria’s 65th Independence Day, delivering a message of renewed hope and progress. He assured citizens that the country’s most challenging economic period is now in the past, declaring that his administration’s bold reforms are delivering tangible results and that “prosperity is near.”
Here are the 10 most crucial takeaways from President Tinubu’s Independence Day broadcast, focusing on his Tinubu Independence Day Economic Reforms and achievements:
Economic & Fiscal Stability
Economic Growth: Tinubu reported that Nigeria’s Gross Domestic Product (GDP) grew by 4.23% in the second quarter of 2025, the fastest pace in four years. He also noted that inflation eased to 20.12% in August 2025, the lowest level in three years.
Stronger Reserves & Revenue: External reserves have risen to $42.03 billion, the highest figure since 2019, reflecting growing investor confidence. Non-oil revenue hit a record-breaking high, achieving the 2025 target by August.
Fiscal Health Restored: The nation’s debt service-to-revenue ratio has significantly dropped from 97% to below 50%, freeing up critical fiscal space for investment in infrastructure and social programs.
Subsidy & Ways and Means: The removal of the petroleum subsidy and the payment of the infamous “Ways and Means” advances have freed up trillions of Naira, which are now being redirected toward the real economy and social welfare programs.
Energy & Infrastructure
Oil & Energy Sector: Crude oil production has rebounded to 1.68 million barrels per day, up from barely one million in May 2023. The President also celebrated the resumption of domestic petrol refining for the first time in four decades.
Infrastructure Drive: Major projects are progressing steadily, including the transformative Lagos–Calabar Coastal Highway and the Kano–Maradi rail line, which are expected to boost trade and national connectivity.
Social & Youth Empowerment
Social Investments: Over ₦330 billion has been disbursed to eight million vulnerable households through the Social Investment Programme, alongside new initiatives like YouthCred and Credicorp aimed at providing loans.
Student Loans Success: The Nigerian Education Loan Fund (NELFUND) has provided loans to over 510,000 students across 228 higher institutions, making education more accessible regardless of economic background.
Youth Empowerment: Tinubu lauded the ingenuity of Nigerian youths, stating his administration’s commitment to providing “wings to fly sky-high” through various funding and policy initiatives across technology, arts, and innovation.
Security & Unity
Security Gains & Unity: The President confirmed that security forces are reclaiming territories from bandits and terrorists, allowing displaced persons to gradually return home. He concluded by urging citizens to embrace patriotism and unity to build a stronger nation.
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