As Nigeria marked its 65th Independence Anniversary, President Bola Ahmed Tinubu outlined major milestones achieved by his administration over the past 28 months in a nationally broadcast speech reported by Vanguard News.
Here are 12 key highlights from the address:
🇳🇬 Economic & Fiscal Reforms
• Record non-oil revenue growth, surpassing ₦20 trillion by August 2025
• Debt service-to-revenue ratio reduced from 97% to below 50%
• External reserves increased to $42.03 billion — highest since 2019
• Tax-to-GDP ratio improved to 13.5%, expanding the national tax base
📈 Trade & Monetary Stability
• Nigeria recorded trade surplus for five consecutive quarters
• Non-oil exports now account for 48% of total exports
• Oil production rebounded to 1.68 million barrels per day
• Foreign exchange reforms stabilised the naira and ended multiple exchange rates
🏗️ Infrastructure & Sector Growth
• Major rail and road projects nearing completion, including Kano–Maradi and Lagos–Calabar routes
• Solid minerals sector rebounded, with coal mining growth hitting 57.5%
👥 Social & Investment Impact
• ₦330 billion disbursed to 8 million vulnerable households under social programmes
• Positive global outlook, with improved credit ratings and stock market growth
• Central Bank signals confidence with first interest rate cut in five years
The President emphasised that these reforms are part of a broader strategy to stabilise the economy, boost investor confidence, and position Nigeria for sustainable growth.
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