1 month ago
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President Bola Tinubu has highlighted immoderate of his administration’s accomplishment arsenic Nigeria observe 65th day of her independence.
In his Independence Day broadcast connected Wednesday, the President listed cardinal reforms and economical milestones his medication has recorded successful the past 28 months.
Below are the highlights:
1. Record Non-Oil Revenue Growth
Tinubu said his medication has diversified authorities net beyond crude oil.
“We person attained a record-breaking summation successful non-oil revenue, achieving the 2025 people by August with implicit N20 trillion. In September 2025 alone, we raised N3.65 trillion, 411 percent higher than the magnitude raised successful May 2023.”
2. Improved Fiscal Health
The President stressed that Nigeria’s indebtedness servicing load has been reduced significantly.
“Our indebtedness service-to-revenue ratio has been importantly reduced from 97% to beneath 50%. We person paid down the infamous ‘Ways and Means’ advances that threatened our economical stability.”
3. Stronger Foreign Reserves
Tinubu noted a boost successful outer reserves, giving Nigeria a cushion against planetary shocks.
“Our outer reserves accrued to $42.03 cardinal this September — the highest since 2019.”
4. Rising Tax-to-GDP Ratio
According to the President, his authorities is expanding its taxation basal without overburdening mean Nigerians.
“Our tax-to-GDP ratio has risen to 13.5 percent from little than 10 percent. The caller taxation instrumentality volition grow the basal and supply taxation alleviation to low-income earners.”
5. Nigeria Now a Net Exporter
Tinubu besides emphasised that for the archetypal clip successful years, Nigeria is selling much to the satellite than it buys.
“Nigeria has recorded a commercialized surplus for 5 consecutive quarters… Non-oil exports present correspond 48 percent, compared to lipid exports astatine 52 per cent.”
6. Oil Production Rebound
He added that crude output has accrued aft years of underperformance.
“Oil accumulation rebounded to 1.68 cardinal barrels per time from hardly 1 cardinal successful May 2023… the state has made notable advancements by refining PMS domestically for the archetypal clip successful 4 decades.”
7. Stabilisation of the Naira
The overseas speech reforms, Tinubu said, person curbed volatility.
“The Naira has stabilised… The aggregate speech rates, which fostered corruption and arbitrage, are present portion of history.”
8. Social Investment successful Vulnerable Households
“Under the societal concern programme… N330 cardinal has been disbursed to 8 cardinal households, galore of whom person received either 1 oregon 2 retired of the 3 tranches of the N25,000 each.”
9. Solid Minerals Sector Growth
In mining, Tinubu said ember mining has rebounded, signalling diversification successful earthy resources.
“Coal mining recovered dramatically from a 22% diminution successful Q1 to 57.5% maturation successful Q2, becoming 1 of Nigeria’s fastest-growing sectors.”
10. Transport Infrastructure Expansion
The President maintained that his medication is accelerating enactment connected large obstruction and road projects.
“The 284-kilometre Kano-Kastina-Maradi obstruction task and the Kaduna-Kano obstruction enactment are nearing completion. Work is progressing connected the Lagos-Calabar Coastal Highway and Sokoto-Badagry Highway.”
11. Global Recognition of Economic Reforms
Tinubu said planetary markets are responding positively.
“Sovereign recognition standing agencies person upgraded their outlook for Nigeria… Our banal marketplace is experiencing an unprecedented boom, rising from an all-share scale of 55,000 points successful May 2003 to 142,000 points arsenic of September 26, 2025.”
12. Monetary Policy Confidence
The Central Bank has responded by lowering involvement rates.
“At its past MPC meeting, the Central Bank slashed involvement rates for the archetypal clip successful 5 years, expressing assurance successful our country’s macroeconomic stability.”
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