On October 1, 2026, President Bola Tinubu delivered a nationwide broadcast to commemorate Nigeria's 66th Independence Anniversary. In his address, Tinubu reflected on the country's journey since gaining independence, acknowledging the difficulties faced, but expressing optimism about the future. He stated that Nigeria has passed through its own Red Sea, a metaphor for the challenges and hardships faced, and that prosperity is now within reach.
Tinubu highlighted the country's founding promise, which was to build a united, strong, and prosperous nation. He acknowledged that the journey to achieving this promise has not been easy, with Nigeria facing war, military rule, economic crises, insecurity, and political upheaval. However, he emphasized that despite these challenges, the country has endured, driven by the resilience and determination of its people.
The President noted that for too long, Nigeria's promise was undermined by choices that postponed difficult decisions, allowing deep economic distortions to grow. By 2023, poverty was rising, and hope was dwindling. However, Tinubu emphasized that his administration has taken steps to address these challenges, implementing reforms aimed at correcting the country's economic course.
Tinubu drew an analogy between Nigeria's situation and a patient diagnosed with cancer, who must choose between undergoing painful treatment or succumbing to the disease. He stated that previous administrations had opted for a "morphine" approach, focusing on symptoms rather than the root causes of the problems. In contrast, his administration has chosen to confront the challenges head-on, implementing reforms that have led to improved economic stability and resilience.
The President cited evidence of Nigeria's improved economic outlook, including a 4% growth in the economy, stable growth in both oil and non-oil sectors, and a reduction in oil theft. He also noted that inflation has fallen substantially, foreign reserves have been rebuilt, and the foreign exchange market has stabilized. Additionally, Nigeria recorded its highest revenue from non-oil exports in 2025, exceeding $6 billion.
Tinubu emphasized that the country's priority is now to bring down the cost of living, which will be achieved by lowering the cost of producing and moving goods. His administration is focused on expanding mechanized irrigation and dry-season farming, improving access to seeds and fertilizer, and investing in storage and transportation. The goal is to create a Nigeria where farmers can cultivate their land safely, businesses can obtain credit, and young people can find productive work.
The President concluded by emphasizing that the promise of independence must now be fulfilled. He envisioned a Nigeria where food and transportation are affordable, education is within reach, and hard-working families can look towards the future with confidence. With the foundation for economic stability and resilience laid, Tinubu expressed optimism that Nigeria is poised for a future of shared and widespread prosperity.
Key points
- President Bola Tinubu marks Nigeria's 66th Independence Anniversary with a nationwide broadcast, outlining the country's progress and future prospects.
- Tinubu says Nigeria has passed through its own Red Sea, with prosperity now within reach.
- The President emphasizes the need to bring down the cost of living, citing initiatives aimed at improving agricultural productivity and infrastructure.
