“Tough Reforms Over, Now Begins Age Of Prosperity” – Tinubu

President Bola Ahmed Tinubu has declared that Nigeria’s difficult era of economic reforms is over, saying the country has now entered a new phase focused on shared and widespread prosperity.

Tinubu stated this yesterday in his Independence Day address to Nigerians, marking the 66th anniversary of the country’s independence.

According to him, the reforms implemented by his administration over the past three years were necessary to correct longstanding economic distortions and restore the foundation for sustainable growth.

“The age of reform has done its work. Now begins the age of prosperity,” the President declared.

Tinubu said the economy had grown by more than four per cent this year, with both the oil and non-oil sectors contributing to what he described as a period of stable growth.

He also cited declining oil theft, a substantial fall in inflation from its peak, rebuilt foreign reserves and greater stability in the foreign exchange market as evidence of improving economic conditions.

The President added that Nigeria recorded its highest-ever non-oil export revenue in 2025, exceeding $6 billion.

He said the government’s next priority was to reduce the cost of living by lowering the cost of producing and transporting goods.
“We will achieve this by lowering the cost of producing and moving the things Nigerians consume,” he said.

Tinubu listed mechanised irrigation and dry-season farming, improved access to seeds and fertiliser, storage and transportation infrastructure, as well as roads, railways and ports among measures being pursued to reduce production and distribution costs.

He also pledged greater focus on jobs, enterprise and industrial growth, including using gas to power new industries, reviving factories, expanding digital connectivity and providing skills, infrastructure and finance for Nigerian businesses.

The President acknowledged that millions of Nigerians were still struggling with food, education, healthcare and transportation costs, but said the government would strengthen social support for vulnerable households.