On October 1, 2026, President Bola Ahmed Tinubu addressed the nation, marking Nigeria's 66th Independence Anniversary. He declared that the country has successfully navigated its economic restructuring and is now shifting to a new era of shared prosperity. Tinubu defended the severe economic adjustments implemented by his administration over the past three years, comparing them to emergency treatment for a cancer patient.
Tinubu stated that his government chose painful but necessary reforms over short-term subsidies to fix fundamental market distortions. He pointed to macroeconomic indicators, including an economic growth rate exceeding 4 percent, stabilizing foreign exchange markets, falling inflation, and record non-oil export revenues exceeding $6 billion in 2025. The President insisted that the foundational recovery is complete.
The Federal Government's primary task, Tinubu noted, will now center on bringing down the cost of living by expanding mechanized agriculture, expanding access to consumer credit, powering industries through domestic gas, and driving job creation for Nigerian youth. He called on citizens to remain united as the nation moves forward, saying, "The age of reform has done its work. Now begins the age of prosperity."
Tinubu reflected on Nigeria's journey since independence, acknowledging that it has not always been easy. He noted that the country has endured war, military rule, economic crises, insecurity, and political upheaval. However, he expressed gratitude for the resilience of Nigerians, including farmers, traders, teachers, and young entrepreneurs who continue to believe in the country's promise.
The President recalled that Nigeria's previous economic posture was like a sick patient who only receives pain relief, allowing the disease to spread. He stated that his administration chose to excise the cancer, implementing difficult reforms to confront the economy's weaknesses. Tinubu resisted calls to abandon the treatment and return to addictive subsidies, emphasizing the progress made so far.
Tinubu highlighted the evidence of Nigeria's improved economic outlook, including a 4 percent economic growth rate, stable foreign exchange markets, and record non-oil export revenues. He noted that international observers, journalists, NGOs, and multilateral institutions have concluded that the country's reforms have led to positive change.
The President concluded his address by emphasizing the need for Nigerians to remain united and committed to building a better future. He reiterated that the country's founding fathers did not struggle merely for a flag or anthem but for the freedom to shape their own destiny and build a nation capable of providing opportunity, dignity, and a better life for its people.
Key points
- President Bola Tinubu declares Nigeria has successfully navigated its economic restructuring and is shifting to a new era of shared prosperity.
- The President highlights macroeconomic indicators, including a 4 percent economic growth rate and record non-oil export revenues exceeding $6 billion in 2025.
- Tinubu emphasizes the need for Nigerians to remain united and committed to building a better future.
