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    Nigera @ 65: 12 Economic Wins in Tinubu’s 65th Independence Anniversary Address

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    By Promise Dera

    Copyright nigerianeye

    Nigera @ 65: 12 Economic Wins in Tinubu's 65th Independence Anniversary Address

    In an address marking Nigeria’s 65th Independence Anniversary, President Bola Ahmed Tinubu highlighted 12 significant economic achievements of his administration, underscoring the nation’s progress toward sustainable growth and prosperity.

    Speaking to the nation, Tinubu celebrated the resilience of Nigerians and outlined how his reforms since May 2023 have begun to yield transformative results.

    Among the milestones, Tinubu noted a record-breaking surge in non-oil revenue, with over N20 trillion collected by August 2025, a 411% increase from May 2023.

    Fiscal health has been restored, with the debt service-to-revenue ratio slashed from 97% to below 50%, and the notorious “Ways and Means” advances cleared, freeing trillions of Naira for education, healthcare, and infrastructure.

    Nigeria’s foreign reserves have climbed to $42.03 billion, the highest since 2019, while the tax-to-GDP ratio rose to 13.5%, with further growth expected from new tax laws in 2026.

    The country has emerged as a net exporter, achieving a trade surplus of N7.46 trillion in Q2 2025, driven by a 173% jump in manufactured goods exports and a 48% share of non-oil exports, bolstering the Naira and creating jobs.

    Oil production has rebounded to 1.68 million barrels per day from 1 million in May 2023, with domestic refining of PMS resuming after four decades.

    Nigeria now leads Africa in aviation fuel exports. The social investment program has disbursed N330 billion to eight million vulnerable households, supporting their livelihoods.

    The solid minerals sector is thriving, with coal mining growing by 57.5% in Q2 2025. Infrastructure development is accelerating, with projects like the Kano-Kastina-Maradi rail and Lagos-Calabar Coastal Highway nearing completion.

    The stock market has soared from 55,000 points in May 2023 to 142,000 points by September 2025, earning upgraded sovereign credit ratings.

    Additionally, the Central Bank of Nigeria recently slashed interest rates for the first time in five years, signaling confidence in macroeconomic stability.

    Tinubu attributed these successes to tough but necessary reforms, such as ending corrupt fuel subsidies and unifying exchange rates.

    “The worst is over,” he assured Nigerians, emphasizing that these gains are laying a foundation for a prosperous, self-reliant Nigeria where every citizen can thrive.

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