President Bola Tinubu addressed Nigerians on October 1, 2026, in a nationwide broadcast to mark the country's 66th Independence Anniversary. He stated that his administration has laid strong foundations for Nigeria's economic prosperity, declaring that the country has reached a turning point after three years of difficult reforms. According to Tinubu, the nation's economic situation was worse than it had ever been when he assumed office, leaving his government with no choice but to act decisively.
Tinubu noted that Nigerian leaders had focused on symptoms while allowing the disease to take hold in the fabric of the nation for too long. His administration resolved to do things differently, implementing reforms that were difficult but necessary. The President emphasized that the results of these reforms are beginning to show, with the economy recording growth this year. He cited a decline in oil theft, a substantial fall in inflation, and a stabilized foreign exchange market as evidence of progress.
The President outlined his vision of a Nigeria where farmers can cultivate their lands in safety, businesses can make a profit, young people can find work, and families have access to reliable power, quality education, and improved living conditions. He emphasized that the government will now focus on fulfilling this promise. Tinubu's vision for the country includes a stable and prosperous economy, where citizens can live without fear or hardship.
Tinubu acknowledged that some Nigerians still struggle to afford their next meal, but stressed that the current hardship did not start with his administration. He stated that Nigerians' suffering accumulated over generations and that his government is committed to defeating poverty. The President insisted that the foundations laid are strong enough to deliver shared prosperity, and that his administration will work tirelessly to ensure that the country achieves this goal.
The President highlighted the progress made in the economy, citing the country's highest oil returns in 2025. He also mentioned that the reforms have strengthened the economy and repaired its foundation. According to Tinubu, all can see that the reforms have had a positive impact, and that the country has reached a turning point. He expressed confidence that shared and widespread prosperity will follow.
To address the cost of living, Tinubu's government is expanding mechanized farming and supporting Nigerian businesses to boost food production. He stated that his government is focused on expanding mechanized farming, with the goal of seeing more Nigerians farming, feeding cities, and supplying factories. This initiative aims to increase food production and make it more accessible to citizens.
In conclusion, President Tinubu expressed his commitment to ensuring that Nigeria achieves widespread prosperity. He emphasized that the foundations laid by his administration are strong enough to deliver shared prosperity and that his government will work tirelessly to fulfill this promise. The President's address aimed to reassure Nigerians that the country is on the right path and that a brighter future is ahead.
Key points
- President Bola Tinubu says Nigeria has reached a turning point after three years of difficult reforms.
- The President outlined his vision of a Nigeria with a stable and prosperous economy.
- Tinubu's government is expanding mechanized farming to boost food production and address the cost of living.
