₦airaland Forum

President Bola Ahmed Tinubu has declared that the “emergency treatment” of Nigeria’s economy is over, saying the next priority of his administration is to bring down the cost of living and deliver shared prosperity.

Nigeria has passed through its own Red Sea, Prosperity is Next--President Tinubu

TEXT OF INDEPENDENCE DAY ADDRESS BY PRESIDENT BOLA AHMED TINUBU, WITH THE THEME, FROM REFORMS TO PROSPERITY

My fellow Nigerians,
Sixty-six years ago today, our flag was raised, for the first time, over a free and sovereign nation. Since then, we have journeyed together as one nation, bound by our collective trust in the great promise of Nigeria: that a country of our size, our bountiful resources, our cultural diversity and, above all, our extraordinary people can build a giant in Africa; that in this blessed and fertile land we can build a united, strong and prosperous nation; a land of regional authority and global consequence.

Our journey has not always been easy. In truth, it has generally been too hard for too many. We have known moments of great hope and periods of profound disappointment. We have endured war, military rule, economic crises, insecurity and political upheaval. Yet through it all, Nigeria, with the indomitable spirit of its people, has endured.

It has endured through the efforts of the farmer who rises before dawn to work his land. The trader who opens her shop each morning, hopeful for a productive day. The teacher who believes in the children entrusted to her care and the young entrepreneur who refuses to surrender ambition to circumstance. We are grateful for the men and women of our Armed Forces and security services who place themselves in harm's way so that the rest of us may live in peace.

Through every difficulty, generations of Nigerians have continued to believe in one thing: that this country of ours will be better.

This faith, which sustains us all, is the inheritance of independence. Our founding fathers did not struggle merely for a flag, an anthem or a place among the nations of the world. Independence carried a larger promise: that Nigerians would have the freedom to shape their own destiny and build a nation capable of providing opportunity, dignity and a better life for its people. Sixty-six years later, Almighty God has made it our responsibility to deliver that promise.

Today, as we celebrate our independence, we must speak honestly about the journey so far, the choices we made, and the country we are determined to build from here.

For too long, the promise of Nigeria was undermined by choices that postponed difficult decisions and allowed deep economic distortions to grow.

By 2023, poverty was rising, and hope was nearly gone. The country's situation was darker than ever. We had no choice but to act.

Nigeria was like a sick patient who receives the terrible news that he has cancer. His doctor explains that the treatment will be difficult and painful, but that it offers a strong prospect of recovery. The patient has a choice. He can begin treatment, endure its discomfort and fight the disease. Or he can ask only for morphine, dull the pain and leave the cancer to spread.

For too long, Nigeria's leaders chose morphine while praying for a miracle that never came.
They focused on symptoms while allowing the disease to take hold deep within the fabric of our society. We spent enormous sums sustaining inefficient arrangements that were never intended to last. We hid from difficult truths and passed the consequences from one generation to the next.

When this Administration assumed office, we resolved to do things differently. We chose to excise the cancer. The reforms that followed were difficult. The side effects were real. Yet, we must never confuse the medicine with the disease.

Our reforms did not create the weaknesses in our economy. They confronted them. Now, as certain influential but regressive voices would have us abandon the treatment and return ourselves to the abuse of addictive subsidies, we must resist their siren song. We must remember why we began this journey and how far we have already come.

Three and a half years later, the evidence that Nigeria's economic outlook has improved is undeniable. Our economy has grown by over 4 per cent this year. Both oil and non-oil sectors have contributed to the renewed period of stable growth.

Oil theft is down. Inflation has fallen substantially from its peak. Our foreign reserves have been rebuilt, our foreign exchange market has stabilised, and in 2025 this country recorded its highest revenue from non-oil exports in its history, exceeding $6 billion. This is real money being made by real Nigerian businesses.
These are not idle claims. International observers, journalists, NGOs and multilateral institutions can see the change. Each has concluded that our reforms have strengthened Nigeria's economic stability and resilience. The private sector has long since delivered its verdict, and foreign direct investment continues to rise each year.

My fellow Nigerians, we have reached a turning point.
The emergency treatment is over. The foundation has been repaired. The central economic task before us has changed. For three years, our overriding purpose was to correct our nation's course.

Now, our purpose is simple: shared and widespread prosperity.

When I speak of prosperity, I do not speak merely of a larger economy, abstract numbers or better statistics. I mean something much more personal.
I mean a Nigeria in which the farmer can cultivate his land safely, produce more at lower cost, and earn a decent return for his labour. A Nigeria in which factories have reliable power, businesses can obtain credit, and young people can find productive work. A Nigeria in which food and transportation are affordable, education is within reach, and hard-working families can look towards the future with confidence.

This is the promise we must now fulfil.

Our priority is to bring down the cost of living. We will achieve this by lowering the cost of producing and moving the things Nigerians consume.

We have the land and people to feed ourselves. My government is therefore focused on expanding mechanised irrigation and dry-season farming, improving access to seeds and fertiliser, holistically increasing mechanisation, and investing in storage and transportation. We are building and completing the roads, railways and ports that connect farms and factories to markets.

Our logic is simple. When a farmer produces more cheaply, when fewer crops are lost between the farm and the market, when a manufacturer spends less on electricity, when a truck reaches its destination faster, and when the business environment fosters fair competition, all those savings will ultimately find their way into the price of goods in the market.

But prosperity requires more than cheaper goods. It requires productive work.

Nigeria is a young country. Millions of young Nigerians enter adulthood every year with talent, energy and ambition. Our responsibility is to ensure that this great demographic strength becomes an engine of production rather than a source of despair.

We are therefore placing jobs, enterprise, and industrial growth at the heart of our government's policies.
We will use our gas to power new industries. We will support businesses that work to bring factories back to life in our great industrial centres. We will expand digital connectivity into communities that have waited too long to participate in the modern economy. We will invest in the skills employers demand and support Nigerian businesses with the infrastructure and finance they need to grow.

I want to see more Nigerians making things. I want to see more Nigerian farms feeding our cities and supplying our factories. I want to see Nigerian businesses selling Nigerian goods to the whole world. I want young Nigerians building unicorns and creating opportunities for others here at home.

I am also conscious that millions of our fellow citizens cannot wait for tomorrow. Some Nigerian families still struggle today for the next meal, the next school fee, the next medical bill, or simply enough money to get to work. Their circumstances did not begin with the reforms of the last three years. Their struggle is the accumulated consequence of decades of low productivity, inadequate infrastructure, insufficient opportunity and institutions that too often failed those who needed them most.

We cannot erase in four years what accumulated over generations. But we can change its course. We can build an economy that steadily lifts people out of poverty while ensuring that those who remain vulnerable are not abandoned along the way.

That is why we are strengthening direct support for the poorest households and improving the National Social Register so that assistance reaches those who genuinely need it.

It is why the Nigerian Education Loan Fund is ensuring that the child of a low-income family need not surrender the dream of higher education simply because his parents cannot afford the fees.

It is why CREDICORP is giving working Nigerians access to consumer credit, allowing people to acquire vehicles, solar systems, digital devices and other essential assets without first having to accumulate years of savings.

That is why, working with our states and local governments, we will continue to strengthen primary healthcare, basic education, and the essential public services poorer Nigerians depend on most. Since 2023, we have paid salaries and pensions on time and in full. We have reformed the national pension program to benefit retirees and the vulnerable.

These programmes are not substitutes for prosperity. They are a bridge to aid our nation's citizens on their path towards it. Our objective is not to manage poverty more efficiently.

We will defeat it.

It will take time. It will require discipline. It will require sustained growth year after year and the creation of millions of productive opportunities across our country.

But for the first time in decades, we embark on this task from a position of strength; with an economy whose fundamental direction has been corrected. We confronted the difficult choices we faced and have laid the foundations for lasting prosperity. Rather than fail the promise of a better future for our children, the time has come for us to build that future.

The age of reform has done its work. Now begins the age of prosperity. An age in which the promise of this great nation must finally become the lived experience of Nigerians from all walks of life.

We have travelled through difficult years together. We have made hard decisions together. And now, still together, we must build the country those decisions have made possible.

I believe deeply in what lies ahead.

I believe in the millions of ordinary men and women whose work, courage and determination have always been the true strength of our country. The road ahead will still demand much from us. But we now travel it with firm footing, a clear direction, and renewed hope in our collective future.

Nigeria has corrected its course. We have passed through our own Red Sea. This is not the time to look back. Let us go forward together, with faith in ourselves, faith in our country, and faith that the sacrifices we have made will yield their reward.

The Promised Land before us is a Nigeria of abundance and opportunity; a nation where prosperity is broadly shared, where every child can dream beyond the circumstances of his birth, and where our country's immense promise is finally reflected in the lives of our people.

Our destination is in sight. Our foundations are strong. Our direction is clear. So let us go forward. No looking back.

Happy Independence Day, my fellow Nigerians. God bless you all, and God bless the Federal Republic of Nigeria.

Bola Ahmed Tinubu, GCFR
President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria

https://www.facebook.com/712750110/posts/pfbid025Kiatp8iHHLejyLd85XtmCoxeSt16YsErMr52rBNT2VFm2CNwaFwRQd4JvouhTX1l/

You destroyed the existing standard of living you met

It is always we will, we will all the time.

Zero implementation.

Empty promises since time in memorial.

Rather than fighting subsidy corruption to fix the nation, he took the easy way out and abandoned citizens to suffer. His government only cared about squeezing taxes and revenue out of poor people just to fund luxurious lifestyles for himself and his cronies. After failing to deliver on his campaign promises and wasting everyone's time for nearly four years, he now has the boldness to ask for another four years, and you are actively campaigning for him here?
The bigger problem is you

Very annoying man

He said transport prices will reduces from today

Did he talk anything about it?

Throughout his period of governance, he has never said I did this, I achieved this, it's always I will do this, we will do that, we are about to do this.


It will be better you retire back to Bourdillion and do this and that for your supporters who believe in empty promises, deceit and lies

Lol. I'd rather read and sing nursery rhymes a thousand times than read this pile of garbage up there.

And he ended up saying absolutely rubbish

The only president that went on vacation in France when his mates were at UNGA USA to seal deals that will bring economic prosperity to there countries.

Shame on you Mr failure

Lol, u dey believe naija politicians? I stopped believing them long ago

Didijiji:
Very annoying man

He said transport prices will reduces from today

Did he talk anything about it?

God bless the Federal Republic of Nigeria 🇳🇬

So he knew that his reforms brought hardship to the people, and yet, all he could say upon his arrival was that he enjoyed himself during his vacation—just to rub it in the faces of the masses who disagree with his policies. By the way, I thought his people claimed things had improved. He should remember that he assumed office in 2023, not 2026!

GCFR

On your mandate sir

iwaeda:
President Bola Ahmed Tinubu has declared that the “emergency treatment” of Nigeria’s economy is over, saying the next priority of his administration is to bring down the cost of living and deliver shared prosperity.


https://www.facebook.com/712750110/posts/pfbid025Kiatp8iHHLejyLd85XtmCoxeSt16YsErMr52rBNT2VFm2CNwaFwRQd4JvouhTX1l/

Saying things that doesnt make sense as usual with him ugly face

iwaeda:
Our reforms did not create the weaknesses in our economy. They confronted them. Now, as certain influential but regressive voices would have us abandon the treatment and return ourselves to the abuse of addictive subsidies,

Will Jagaban of Borgu and master strategist of balablu bulaba A-looter Propaganda Conmen, APC ever stop telling lies

Why is he still paying subsidy illegally under a new name to Malta blending plant owners and selling petrol so expensive to destroy Dangote and our economy with stagflation extreme poverty?

anonimi:
NNPCL’s subsidy payment jump by 47.9% to N7.1trn in 2024

November 26, 2025

The Nigerian National Petroleum Company Limited (NNPCL) paid a total of N7.1 trillion as subsidy for premium motor spirit (PMS) in 2024, this sum represents a 47.9 percent increase from N4.8 trillion recorded in 2023.

This is despite the government’s announcement of subsidy removal in 2023.

The company explained that the amount, which it termed ‘energy security expense’ arises when there is differential between the exchange rate used to freeze the premium motor spirit ex-coastal price and the prevailing rate at the point of import settlement.

According to the report, government had instructed that NNPC Limited cannot sell its PMS above a certain regulated price. It added that the cost of petrol import is usually much higher that the regulated price.

https://businessday.ng/news/article/nnpcls-subsidy-payment-jump-by-47-9-to-n7-1trn-in-2024/?amp

Absolutely nonsense

Who cares

Thunder faya him

How can anyone believe this guy or take him seriously? Lies everywhere. Nepotism. Corruption. Best thing, like I always say, is restructuring. Regional system or outright unbundling of the contraption. Nobody loves Nigeria. It's tribe first then religion and country a distant tenth or so. Let's stop deceiving ourselves unless of course each president is taking care of his tribe and region....and we accept it.

TALK is cheap




For




Nigeria leaders

autoez:
GCFR
On your mandate sir

Are you on the mandate of the Grand Commander For Reforms that destroy our country

anonimi:
July 29, 2026

Nigeria loses 47% of dollar millionaires, retains 4th position in Africa

Nigeria has lost nearly half of its dollar millionaires over the past decade, with the population of high-net-worth individuals falling by 47 per cent between 2015 and 2025, according to the 2025 Africa Wealth Report by Henley & Partners in collaboration with New World Wealth.

Despite the sharp erosion in private wealth, Nigeria retained its position as Africa’s fourth-largest hub for dollar millionaires, with 7,200 millionaires, 20 centi-millionaires (individuals with investable wealth of at least $100 million) and three billionaires, trailing only South Africa, Egypt and Morocco.

The report showed that South Africa remained the continent’s wealthiest country by number of dollar millionaires, with 41,100 millionaires, 112 centi-millionaires and eight billionaires. Egypt followed with 14,800 millionaires, 49 centi-millionaires and seven billionaires.

https://www.vanguardngr.com/2026/07/nigeria-loses-47-of-dollar-millionaires-retains-4th-position-in-africa/

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anonimi:
Nigeria remains fourth largest economy in Africa despite rebasing

July 21, 2025

Nigeria has retained its status as the fourth largest economy in Africa despite a rebasing exercise that expanded the country’s gross domestic product (GDP).

The National Bureau of Statistics (NBS) announced that the economy expanded to N372.8 trillion ($243 billion) in 2024, down from N314.02 trillion in the prior year as more sectors in the informal economy were considered in its calculations.

The statistics bureau adopted 2019 as its base year away from 2010 that’s previously reported.

The rebasing exercise covers the period from 2019 to 2023 and reflects changes in the economy’s structure, sectoral contributions, and data sources.

Despite the overhaul, Nigeria fails to reclaim its erstwhile status as the largest economy in Africa.

According to the International Monetary Fund (IMF), South Africa remains the continent’s biggest economy with a GDP of $410.34 billion for a country with little over a quarter of Nigeria’s population.

Following the Southern African nation is Egypt with a GDP of $347 billion while Algeria maintains its third position having $268.9 billion as the size of its economy.

Although Nigeria’s economy grew 30 percent above the projected $188 billion estimate by the IMF this year, the rebasing was poised to place the economy as the biggest in Africa.

https://businessday.ng/news/article/nigeria-remains-fourth-largest-economy-in-africa-despite-rebasing/?amp

Tinubu has really dealt with Nigerians, many people don't have strength to think again. How do we explain, Oshodi to Ajah that used to be N800, is now N3000. In 2023 we here not buying cut yams, but now poverty will not allowed people to afford a tuber of yam. Claiming now is better than 2023 is absurd.

three years down what do you have to show for it.

“There is Nothing President Tinubu Has Said Now, Today Being Independence Day, That He Has Not Said in The Past 3 Years. They Might Even Repeat What They Said in Previous years.”

It is well with Nigerians

Is there anyone who still takes this man seriously?

slivertongue:
You destroyed the existing standard of living you met

I hope that Atiku will make a better Independence day speech, reminding us of how life was much better under PDP for 16 years of:

- cheap petrol,
- less debt & tax burden,
- widespread prosperity
- less inflation
- less unemployment
- less corruption
- better roads

anonimi:
"Tinubu made living in Nigeria expensive. I will make Nigeria affordable again" - Alhaji Atiku Abubakar

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Nemere2020:
The Minister of Finance and Coordinating Minister of the Economy Chief Olawale Edun has said the last time Nigeria’s economy looked stable was about a decade ago.

He made this statement during his maiden press conference as Minister of Finance where he outlined President Bola Tinubu’s vision, agenda and strategy for the economy.

He said, “I think as we all know, we are not where we should be. The economy is barely growing above the rate of population growth.

“But it was not always so, and I think in trying to look at the way forward, if we now have a situation of slow growth, double-digit inflation, weak/depreciating exchange rate, as well as security concerns that are resulting in an economy that is not growing and not taking Nigerians out of poverty.

“If we think back to the last time when the economy was stable- when it was growing, when inflation was low, and the interest rate was affordable, that period was about a decade ago. Growth was about 6% in 2013 and 2014.”

https://nairametrics.com/2023/09/01/the-last-time-nigerias-economy-was-stable-was-about-a-decade-ago-wale-edun/

The thunder wey go strike this seyi papa still the do press up. The man is so annoying how will his second term look like, for me I can't never vote for him.

Complete bullshit and lies.

Too many lies..A painful part is seeing some youths support this bad government..It is well..God Bless Our Country.

slivertongue:
You destroyed the existing standard of living you met

E dey ask us not to believe the evidences right before our very own eyes.

Some '1984 Animal Farm' BS

Who the hell does he think he is!

Happy Independence day sir.
But I won't lie to you, things are very difficult.