{"id":3419,"date":"2026-10-01T08:29:33","date_gmt":"2026-10-01T07:29:33","guid":{"rendered":"https:\/\/mediaconversation.com\/?p=3419"},"modified":"2026-10-01T08:29:34","modified_gmt":"2026-10-01T07:29:34","slug":"nigeria-66-tinubu-declares-end-of-emergency-reforms-says-country-has-entered-age-of-shared-prosperity","status":"publish","type":"post","link":"https:\/\/mediaconversation.com\/?p=3419","title":{"rendered":"Nigeria @ 66: Tinubu Declares End of Emergency Reforms, Says Country Has Entered Age of Shared Prosperity"},"content":{"rendered":"\n

President Bola Ahmed Tinubu, Thursday, declared that Nigeria has passed the worst of its economic pains and has now entered the age of prosperity, in his 66th Independence Day address to the nation.<\/p>\n\n\n\n

In an Independence Day celebration broadcast titled \u201cFrom Reform to Prosperity\u201d, the President said his administration chose to confront Nigeria’s deep economic distortions head-on when it assumed office in 2023, likening the country at that time to a cancer patient who must endure painful treatment to survive.<\/p>\n\n\n\n

He said for too long Nigeria’s leaders chose morphine while praying for a miracle that never came, but his administration resolved to do things differently and excise the cancer.<\/p>\n\n\n\n

Three and a half years after the removal of fuel subsidy and the foreign exchange reforms, Tinubu said the evidence of recovery is now undeniable.<\/p>\n\n\n\n

He noted that the economy has grown by over four percent this year, with both oil and non-oil sectors contributing to stable growth, while oil theft has reduced and foreign direct investment continues to rise.<\/p>\n\n\n\n

READ ALSO: Oborevwori, DELSU VC Hail Peretomode at Valedictory Lecture<\/a><\/p>\n\n\n\n

According to him, inflation has fallen substantially from its peak, foreign reserves have been rebuilt and the foreign exchange market has stabilised.<\/p>\n\n\n\n

He added that in 2025 the country recorded its highest revenue from non-oil exports in history, exceeding six billion dollars, which he described as real money being made by real Nigerian businesses.<\/p>\n\n\n\n

These, he said, are not idle claims, as international observers, journalists, NGOs and multilateral institutions have all concluded that the reforms have strengthened Nigeria’s stability and resilience.<\/p>\n\n\n\n

The President said that with the foundation now repaired, the central task of government has changed from correcting the economy to delivering shared and widespread prosperity.<\/p>\n\n\n\n

He explained that prosperity to him does not mean merely larger numbers or better statistics, but a Nigeria where the farmer can cultivate safely and earn a decent return, where factories have reliable power, businesses can obtain credit, young people can find productive work, food and transportation are affordable, education is within reach, and families can look to the future with confidence.<\/p>\n\n\n\n

To achieve this, Tinubu said his government will focus on bringing down the cost of living by lowering the cost of producing and moving goods.<\/p>\n\n\n\n

He outlined plans to expand mechanised irrigation and dry-season farming, improve access to seeds and fertiliser, increase mechanisation, invest in storage and transportation, and build and complete roads, railways and ports that connect farms and factories to markets.<\/p>\n\n\n\n

READ ALSO: Lawyers Advocate Speedy Justice For Litigants In Abraka Courts<\/a><\/p>\n\n\n\n

His logic, he said, is simple: when farmers produce more cheaply, when fewer crops are lost between farm and market, when manufacturers spend less on electricity and trucks reach destinations faster in a competitive environment, those savings will ultimately reflect in market prices.<\/p>\n\n\n\n

On jobs, the President said Nigeria’s youthful population must become an engine of production rather than a source of despair.<\/p>\n\n\n\n

He pledged to use the nation’s gas to power new industries, support businesses to revive factories in industrial centres, expand digital connectivity into long-neglected communities, invest in relevant skills and provide infrastructure and finance for businesses to grow.<\/p>\n\n\n\n

He said he wants to see more Nigerians making things, more farms feeding cities and supplying factories, more businesses selling Nigerian goods to the world, and young Nigerians building unicorns and creating opportunities at home.<\/p>\n\n\n\n

Acknowledging that millions of citizens still struggle for daily meals, school fees and medical bills, the President said their plight is the accumulated consequence of decades of low productivity and weak institutions.<\/p>\n\n\n\n

While this cannot be erased in four years, he said the course can be changed and the vulnerable will not be abandoned.<\/p>\n\n\n\n

He pointed to strengthened direct support through an improved National Social Register for the poorest households, the Nigerian Education Loan Fund ensuring that children of low-income families can pursue higher education, and CREDICORP giving working Nigerians access to consumer credit for vehicles, solar systems and digital devices without years of savings.<\/p>\n\n\n\n

He added that government has continued to pay salaries and pensions on time and in full, reformed the national pension programme, and is working with states and local governments to strengthen primary healthcare and basic education.<\/p>\n\n\n\n

These programmes, he said, are not substitutes for prosperity but a bridge towards it, stressing that the objective is not to manage poverty more efficiently but to defeat it.<\/p>\n\n\n\n

Tinubu urged Nigerians to resist calls by what he described as influential but regressive voices to abandon reforms and return to addictive subsidies, insisting that the nation must remember why the journey began.<\/p>\n\n\n\n

He declared that the emergency treatment is over and the foundation has been repaired, saying Nigeria has corrected its course and passed through its own Red Sea.<\/p>\n\n\n\n

While calling for unity and renewed faith, he said the promised land before the nation is one of abundance and opportunity where prosperity is broadly shared and every child can dream beyond the circumstances of birth.<\/p>\n\n\n\n

He concluded that the destination is in sight, the foundations are strong and the direction is clear, urging Nigerians to go forward together with no looking back.<\/p>\n","protected":false},"excerpt":{"rendered":"

President Bola Ahmed Tinubu, Thursday, declared that Nigeria has passed the worst of its economic pains and has now entered the age of prosperity, in his 66th Independence Day address to the nation. In an Independence Day celebration broadcast titled \u201cFrom Reform to Prosperity\u201d, the President said his administration chose to confront Nigeria’s deep economic […]<\/p>\n","protected":false},"author":1,"featured_media":3421,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"iawp_total_views":18,"footnotes":""},"categories":[52,14],"tags":[787,788,20],"class_list":["post-3419","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics","category-trendingnews","tag-democracy","tag-nigerian-independence","tag-tinubu"],"_links":{"self":[{"href":"https:\/\/mediaconversation.com\/index.php?rest_route=\/wp\/v2\/posts\/3419","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mediaconversation.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mediaconversation.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mediaconversation.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mediaconversation.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3419"}],"version-history":[{"count":4,"href":"https:\/\/mediaconversation.com\/index.php?rest_route=\/wp\/v2\/posts\/3419\/revisions"}],"predecessor-version":[{"id":3424,"href":"https:\/\/mediaconversation.com\/index.php?rest_route=\/wp\/v2\/posts\/3419\/revisions\/3424"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mediaconversation.com\/index.php?rest_route=\/wp\/v2\/media\/3421"}],"wp:attachment":[{"href":"https:\/\/mediaconversation.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mediaconversation.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mediaconversation.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}