President Bola Tinubu on Wednesday assured Nigerians that the difficult phase of his administration’s economic reforms was beginning to give way to relief, declaring that “the worst is over.”
In a nationwide broadcast to commemorate Nigeria’s 65th Independence Day anniversary, Tinubu said the measures introduced over the past two years were now yielding tangible results.
“Our administration is setting things right. I am pleased to report that we have finally turned the corner. The worst is over, I say,” the President told citizens.
He praised Nigerians for their patience, resilience, and support through the period of reforms that he admitted had brought hardship. According to him, “yesterday’s pains are giving way to relief,” and his government will continue to work to justify the confidence reposed in him.
“I will continue to work for you and justify the confidence you reposed in me to steer the ship of our nation to a safe harbour. Under our leadership, our economy is recovering fast, and the reforms we started over two years ago are delivering tangible results,” Tinubu said.
The President pointed to recent economic indicators as proof of progress, noting that the Gross Domestic Product (GDP) grew by 4.23 percent in the second quarter of 2025. This, he stressed, was Nigeria’s fastest pace in four years and exceeded the 3.4 percent growth projection by the International Monetary Fund (IMF).
Tinubu also addressed the issue of food inflation and rising living costs, which have weighed heavily on households across the country. He revealed that headline inflation had declined to 20.12 percent in August 2025, the lowest level recorded in three years.
“The administration is working diligently to boost agricultural production and ensure food security, reducing food costs,” the President explained.
He pledged that his government’s agricultural and fiscal policies would sustain this downward trend, saying food production would remain a central focus of his agenda.
Looking back at his administration’s journey since assuming office, Tinubu said Nigeria had achieved “12 remarkable economic milestones” in the past two years, attributing the progress to the implementation of “sound fiscal and monetary policies.”
As the nation reflected on 65 years of independence, Tinubu emphasized a message of optimism, promising that the reforms shaping Nigeria’s economy were beginning to bear fruit.
“Peace has returned to liberated communities in the North-East and North-West, our trade surplus has grown, and today, we sell more than we buy,” he added in his address, underscoring broader gains in security and trade balance.
