Important Facts To Note In Nigeria President Tinubu’s 65th Independence Day Broadcast

 

President Bola Ahmed Tinubu, in his 65th Independence Day address on Wednesday, assured Nigerians that the country’s most difficult economic period is over. He said ongoing reforms are already yielding results and called on citizens to remain patient and hopeful.

Here are 10 key takeaways from the President’s broadcast:

1. Economic Growth
   Tinubu announced that Nigeria’s economy is on a recovery path, with GDP growing by 4.23% in Q2 2025 and inflation dropping to 20.12%, the lowest in three years.
2. Stronger Reserves
   The country’s external reserves climbed to $42.03 billion, the highest since 2019, while trade surpluses are now consistent, reflecting improved investor confidence.
3. Fiscal Stability
   Nigeria’s debt service-to-revenue ratio has reduced from 97% in 2022 to below 50%, giving government more space to invest in key sectors.
4. Oil & Energy Sector
   Crude oil production increased to 1.68 million barrels per day, while domestic petrol refining resumed after four decades, enhancing energy security.
5. Infrastructure Drive
   Major projects like the Lagos–Calabar Coastal Highway and Kano–Maradi rail line are ongoing, expected to improve connectivity, jobs, and trade.
6. Social Investments
   Over ₦330 billion has been distributed to eight million vulnerable households, alongside initiatives such as YouthCred and Credicorp for young Nigerians.
7. Student Loans
   The Nigerian Education Loan Fund (NELFUND) has supported more than 510,000 students, with nearly ₦100 billion disbursed.
8. Security Gains
   Tinubu said security forces are reclaiming territories from terrorists and bandits, allowing displaced persons to return to their homes.
9. Youth Empowerment
   The President reaffirmed his administration’s commitment to empowering young Nigerians through innovation funds, student loans, and creative industry support.
10. Unity & Nationhood
    Tinubu urged Nigerians to embrace patriotism, support local industries, pay taxes, and uphold the vision of the nation’s founding fathers for a stronger, united country.

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