President Bola Tinubu declared that Nigeria has “turned the corner” toward economic prosperity, assuring citizens that the “worst is behind them.”
The President made the declaration in his national broadcast on Wednesday to mark Nigeria’s 65th Independence anniversary.
Mr Tinubu stated: “I am pleased to report that we have finally turned the corner. The worst is over. Yesterday’s pains are giving way to relief,” he said.
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He recalled that his administration inherited a “near-collapsed economy caused by decades of fiscal policy distortions and misalignment that had impaired real growth.”
He stressed that his government faced a choice between continuing the status quo or pursuing bold reforms to rescue the nation, adding that without the “tough decisions,” Nigeria would have drifted into a “deeper economic crisis.”
The President noted that within three years, the seeds of reforms—including the removal of the “corrupt fuel subsidy” and the unified foreign exchange rate—are “beginning to bear fruit.”
He said these bold steps dismantled incentives that sustained a “rent-seeking economy” and redirected resources to priority sectors.
Mr Tinubu applauded Nigerians for their resilience and support, stating: “I salute your endurance, support, and understanding. I will continue to work for you and justify the confidence you reposed in me to steer the ship of our nation to a safe harbour,” he said.
He confirmed his administration has redirected the economy toward a more inclusive path, channeling money to fund education, healthcare, national security, agriculture, and critical economic infrastructure such as roads, power, broadband, and social investment programmes.
Finally, Mr Tinubu called for collective action to accelerate development, warning that Nigeria remains “in a race against time on infrastructure,” and urging: “All hands must be on deck to fast track development and deliver the promise of a greater Nigeria.”
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