Tinubu claims Nigerian economy growing over 4% as reforms yield results in Independence Day address
President Tinubu used Nigeria's 66th Independence Day address on October 1, 2026 to assert that economic reforms have overcome initial hardships and are now delivering measurable improvement. He acknowledged the policies caused 'profound disappointments' but declared the difficult era has ended, with promised benefits finally materializing.
The president cited concrete economic gains: national growth exceeding 4% this year, substantial reductions in both inflation and oil theft, rebuilt foreign currency reserves, and a stabilized foreign exchange market. He emphasized that 2025 recorded Nigeria's highest-ever non-oil export revenue at over $6 billion, representing actual earnings by Nigerian businesses. These figures, he stated, are validated by international observers, journalists, NGOs, and multilateral institutions confirming strengthened economic stability, alongside consistently rising foreign direct investment.
Tinubu positioned this as a pivotal transition from crisis management to pursuing 'shared and widespread prosperity.' He defined this prosperity through daily realities: farmers working land securely and profitably, factories operating with reliable power, affordable food and transportation costs, accessible education, and hard-working families facing the future with confidence. Linking this to Nigeria's founding principles, he framed the economic journey as fulfilling independence's promise of opportunity and dignity for all citizens.
With Tinubu claiming economic reforms are now yielding tangible benefits, what specific improvements have you observed in your community regarding job availability, cost of essentials, or local business growth?