President Bola Tinubu has declared that the most difficult phase of Nigeria’s economic reforms has passed, assuring citizens that the pains of the past are giving way to relief.
In a nationwide broadcast on Wednesday to mark Nigeria’s 65th Independence Day anniversary, Tinubu said his administration’s policies were beginning to yield results, with key economic indicators showing signs of recovery.
“Our administration is setting things right. I am pleased to report that we have finally turned the corner. The worst is over,” the President stated.
He commended Nigerians for their patience and resilience, pledging to continue steering the country toward stability.
“Under our leadership, our economy is recovering fast, and the reforms we started over two years ago are delivering tangible results,” Tinubu said. “The second quarter 2025 Gross Domestic Product grew by 4.23 percent — Nigeria’s fastest pace in four years — surpassing the IMF’s projection of 3.4 percent.”
On food security, the President highlighted efforts to expand agricultural production and bring down food prices.
“Inflation declined to 20.12 percent in August 2025, the lowest level in three years,” he noted. “The administration is working diligently to boost agricultural production and ensure food security, reducing food costs.”
Tinubu added that in the past two years, his government had recorded 12 key economic milestones through what he described as “sound fiscal and monetary policies.”
