President Bola Ahmed Tinubu on Wednesday declared that Nigeria has turned the corner economically, assuring citizens that the pains of recent reforms are beginning to give way to relief.
The President made the remarks during his nationwide broadcast to mark Nigeria’s 65th Independence Day anniversary.
“Our administration is setting things right. I am pleased to report that we have finally turned the corner. The worst is over, I say,” Tinubu stated.
He commended Nigerians for their resilience, patience, and support through difficult reforms, pledging that his government would continue working to restore stability and growth.
“Yesterday’s pains are giving way to relief. 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.
Highlighting recent progress, Tinubu pointed to stronger economic indicators. “Under our leadership, our economy is recovering fast, and the reforms we started over two years ago are delivering tangible results. The second quarter 2025 Gross Domestic Product grew by 4.23 per cent — Nigeria’s fastest pace in four years — and outpaced the 3.4 per cent projected by the International Monetary Fund,” he noted.
Food Security and Inflation
Tinubu also addressed food prices and agricultural production, stressing that his administration is prioritising food security.
“Inflation declined to 20.12 per cent in August 2025, the lowest level in three years. The administration is working diligently to boost agricultural production and ensure food security, reducing food costs,” he said.
According to the President, Nigeria has achieved “12 remarkable economic milestones” over the past two years, crediting sound fiscal and monetary policies for the gains.
