President Bola Tinubu declared on Wednesday that the economic reforms undertaken by his administration mark the end of the worst.
In a nationwide broadcast marking Nigeria’s 65th Independence Day anniversary, President Tinubu assured the nation that his administration is taking corrective action.
“We are setting things right. I am pleased to report that we have finally overcome our challenges. The worst is behind us, I assert,” he stated.
In salute to Nigerians’ perseverance, support, and understanding, the President noted that the difficulties of the past were yielding to relief.
“I will continue to work tirelessly on your behalf and justify the trust you have placed in me to navigate our nation’s ship to a safe harbor.”
Under our stewardship, the economy is experiencing a rapid recovery, with the reforms initiated over two years ago yielding tangible outcomes.
The President noted that the second quarter 2025 Gross Domestic Product exhibited a 4.23 per cent growth, marking Nigeria’s fastest expansion in four years and surpassing the International Monetary Fund’s projection of 3.4 per cent.
Inflation decreased to 20.12 per cent in August 2025, reaching its lowest level in three years.
Efforts are underway to bolster agricultural production, ensure food security, and reduce food costs. Over the last two years, our administration has achieved 12 notable economic milestones through the implementation of prudent fiscal and monetary policies.
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