President Bola Ahmed Tinubu has said Nigeria has entered a new phase of economic development, moving from difficult reforms to an era focused on shared prosperity.
Tinubu stated this in his Independence Day address to Nigerians on Thursday, October 1, 2026, marking the country’s 66th anniversary of independence.
The President defended his administration’s economic reforms, saying they were necessary to address longstanding economic challenges. He said the measures had contributed to economic growth of over four per cent, lower inflation, improved foreign exchange stability, rebuilt foreign reserves and reduced oil theft.
According to him, Nigeria recorded more than $6 billion in non-oil export revenue in 2025, describing the figure as the highest in the country’s history.
Tinubu said the government’s next priority is to reduce the cost of living by improving agricultural production, expanding mechanisation and irrigation, strengthening infrastructure, and reducing the cost of transporting goods.
He also announced continued efforts to create jobs and promote industrial growth through gas-powered industries, improved digital connectivity, skills development and access to finance for businesses.
The President said his administration would strengthen social support for vulnerable Nigerians through programmes including the National Social Register, the Nigerian Education Loan Fund and CREDICORP.
Tinubu also pledged continued investment in healthcare, education, infrastructure and other essential public services, while stating that the government’s ultimate goal is to reduce poverty and create greater economic opportunities.
He urged Nigerians to remain united and look forward rather than return to policies that, according to him, contributed to previous economic difficulties.
“Now begins the age of prosperity,” Tinubu said, calling on Nigerians to work together towards building a country where prosperity and opportunities are broadly shared…