President Bola Ahmed Tinubu has assured Nigerians that the toughest phase of his administration’s reforms is over, declaring that the country is now on a path to economic stability, improved security, and inclusive national development.

The President made this statement during a nationwide broadcast to mark the second anniversary of his administration.

 

Reflecting on his journey since taking office in May 2023, President Tinubu described the past two years as a period of “bold decisions and shared sacrifice,” citing the removal of fuel subsidies and the unification of foreign exchange rates as crucial steps taken to prevent national fiscal collapse.

Taste the Goodness: EL Blends All-Natural Cold-Pressed Juices

“These were necessary actions to stop our country from further drifting into the precipice,” he said. “Our economic reforms are working. We are on course to building a greater, more economically stable nation.”

 

The President reported that inflation has begun to ease, rice and staple food prices are stabilizing, and the oil and gas sector has attracted over \$8 billion in new investments in 2025 alone. According to Tinubu, Nigeria’s debt service-to-revenue ratio has dropped significantly, external reserves have risen to over \$23 billion, and the fiscal deficit has narrowed from 5.4% to 3.0% of GDP.

He highlighted a leap in state revenues, a more transparent tax system, and rising confidence among international investors as signs that the economic restructuring is taking root. A new national fiscal policy, targeted incentives for industries, and the introduction of a Tax Ombudsman were also revealed as key reforms meant to deliver economic justice and promote small businesses.

 

On security, President Tinubu acknowledged ongoing threats but credited improved coordination among security agencies for the restoration of order in bandit-hit areas and safer highways. “We shall remain vigilant,” he declared, praising the armed forces for their sacrifices and promising continued investment in national defense.

 

The President also provided updates on other pillars of his Renewed Hope Agenda, including:

• Revitalization of over 1,000 Primary Health Centres, free dialysis services, and expansion of health insurance coverage from 16 to 20 million.
• Launch of the student loan scheme and infrastructure expansion to increase access to tertiary education.
• Deployment of digital governance at NASENI and support for youth-led innovation through programmes like Innovate Naija and Irrigate Nigeria.
• Mechanised farming initiatives to boost food security and reduce dependence on imports.
• Major road and energy infrastructure projects across the country.
• Preparations for the upcoming Motherland Festival, aimed at celebrating Nigeria’s heritage and strengthening diaspora engagement.

 

President Tinubu concluded his address with an appeal for continued unity and faith in the future:

“Our journey is not over, but our direction is clear. So is our resolve to tackle emerging challenges. By the Grace of God, we are confident that the worst is behind us. Together, we will build a stronger, more inclusive Nigeria.”

The address marks the midpoint of Tinubu’s first term in office, setting the tone for the second half of his administration and reaffirming his commitment to transformative governance.