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Independence Day: Nigeria Is Moving From Reform To Prosperity, Tinubu Assures Nigerians

Tinubu said reforms have lifted growth above 4% and cut inflation, while foreign reserves were rebuilt and non-oil exports topped $6 billion.

  • On Thursday, President Bola Tinubu declared Nigeria has "corrected its course" during his 66th Independence Day address, citing over 4% economic growth this year.
  • Tinubu defended reforms introduced since May 2023, including fuel subsidy removal, comparing Nigeria's economic condition to a cancer patient requiring painful but necessary treatment.
  • Data shows 2025 non-oil exports exceeded $6 billion, a record high, while the Nigerian Education Loan Fund has provided interest-free loans to over 1.4 million students across 356 institutions since 2024.
  • The administration plans to leverage gas resources and Credit Corporation to foster economic growth, placing jobs, enterprise, and industrial growth at the heart of governance.
  • Former Minister Solomon Dalung and African Democratic Congress chieftain Dele Momodu dismissed the speech as "rhetorical" and "disappointing," arguing economic statistics fail to address persistent insecurity and hardship.
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Leadership broke the news in Abuja, Nigeria on Wednesday, September 30, 2026.
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