On October 1, 2026, President Bola Ahmed Tinubu delivered his Independence Day address to the nation, marking 66 years since Nigeria gained independence. In his speech, Tinubu reflected on the nation's journey, acknowledging the difficulties and challenges faced, but also highlighting the progress made. He emphasized the importance of the nation's collective trust in its promise and the need to build a united, strong, and prosperous nation.
Tinubu noted that Nigeria's journey has not always been easy, with the nation facing war, military rule, economic crises, insecurity, and political upheaval. However, he expressed gratitude to the men and women of the Armed Forces and security services who have worked to maintain peace and stability. The President also acknowledged the efforts of ordinary Nigerians, including farmers, traders, teachers, and young entrepreneurs, who have contributed to the nation's endurance.
The President discussed the choices made by previous administrations, which often postponed difficult decisions and allowed deep economic distortions to grow. By 2023, poverty was rising, and hope was dwindling. Tinubu likened Nigeria's situation to a patient with cancer, who must choose between undergoing painful treatment or succumbing to the disease. He stated that previous leaders had opted for "morphine," focusing on symptoms rather than addressing the underlying issues.
Tinubu emphasized that his administration has chosen to confront the nation's economic weaknesses through reforms, which have been difficult but necessary. He noted that the reforms have started to yield positive results, with the economy growing by over 4 percent in the current year. Both oil and non-oil sectors have contributed to this growth, and oil theft has decreased. Inflation has also fallen substantially from its peak.
The President highlighted several key indicators of Nigeria's improved economic stability and resilience. Foreign reserves have been rebuilt, and the foreign exchange market has stabilized. In 2025, Nigeria recorded its highest revenue from non-oil exports, exceeding $6 billion. Tinubu attributed this progress to the administration's reforms, which have strengthened the nation's economic foundation.
Tinubu stated that the nation's priority is now to achieve shared and widespread prosperity. He envisioned a Nigeria where farmers can cultivate their land safely, produce more at lower cost, and earn a decent return for their labor. The President also emphasized the need for reliable power, access to credit, and productive work opportunities for young people.
To achieve this vision, Tinubu outlined several key initiatives, including expanding mechanized irrigation and dry-season farming, improving access to seeds and fertilizer, and investing in storage and transportation. The administration aims to bring down the cost of living by lowering the cost of producing and moving goods. Tinubu expressed confidence that these efforts will ultimately lead to a better life for all Nigerians.
Key points
- President Tinubu marks 66th Independence Day, reflecting on nation's progress and future plans.
- Nigeria's economy has grown by over 4 percent, with improved stability and resilience.
- Administration prioritizes achieving shared and widespread prosperity through initiatives like expanded farming and infrastructure development.
