President Bola Ahmed Tinubu on Wednesday told Nigerians that the country has overcome its most difficult economic phase, declaring that “the worst is over” as the nation marked its 65th Independence anniversary.
In a nationwide broadcast, Tinubu said tough reforms such as fuel subsidy removal and exchange rate unification were beginning to pay off, with GDP growth hitting 4.23% in Q2 2025, inflation dropping to 20.12%, the lowest in three years, and foreign reserves rising to $42.03 billion, the highest since 2019.
The President also highlighted security gains, renewed investment in infrastructure, and youth-targeted programmes like student loans and digital enterprise funds, while urging Nigerians to embrace productivity, patriotism, and “Made-in-Nigeria” goods.
“With Almighty God on our side, I can assure you that the dawn of a new, prosperous, self-reliant Nigeria is here,” Tinubu assured.
