News
Tinubu’s 2025 Democracy Day address (Full Speech)

President Bola Ahmed Tinubu on Thursday delivered a national address to a joint session of the National Assembly to mark Democracy Day 2025.
In the speech, the President reflected on Nigeria’s democratic journey and paid tribute to heroes of June 12.
Read the full speech below:
ADDRESS BY PRESIDENT BOLA AHMED TINUBU, GCFR AT THE JOINT SESSION OF THE NATIONAL ASSEMBLY IN COMMEMORATION OF DEMOCRACY DAY, 2025THURSDAY, 12TH JUNE 2025
Protocol:
With profound honour, I stand before this joint session of our National Assembly; a parliament that embodies the will of the Nigerian people.
2. Today, as I entered this grand edifice built from the sweat and toil of our democratic yearning, my heart stirred. It was a blend of accomplishment and resolve.
3. I felt a sense of collective accomplishment when I realised how far we had come as a nation. Since 1999, democracy has risen from the ashes and destitution of military rule to take its rightful place as the only mode of governance of our resilient and beloved people.
4. With every footstep I took through these hallowed halls up to the moment I now stand before you, I remembered that we still have much further to go.
5. To achieve this progress, we sought an elective office to lead this nation forward. Thus, I hereby affirm before our Merciful and Almighty God and all men my resolve to do all that I can to safeguard and build our democracy as the Divine hand intends for us to do.
6. Since 2018, we have celebrated Democracy Day on this day; to commemorate the sacrifices of the men and women who fought to restore democratic governance to Nigeria.
7. Let me pay tribute to former President Muhammadu Buhari for reaching back into history to rectify a national misdeed by making June 12 Democracy Day and by officially acknowledging Chief Moshood Kashimawo Olawale Abiola and his running mate, Babagana Kingibe, as the victors and thus duly elected President and Vice President respectively of Nigeria after the June 12, 1993 elections.
8. Year by year, election after election, every time we debate instead of battle, discuss instead of fight, and argue instead of destroy, we preserve the institutions of democracy. More importantly, we weave the culture of democracy into the very fabric of our nation.
9. Whilst Chief MKO Abiola is June 12’s central figure, we must not forget the long list of those who equally deserve to be called heroes of Nigerian democracy.
10. We must celebrate the courage of Alhaja Kudirat Abiola and Pa Alfred Rewane, both of whom were murdered by agents of military repression. We also remember the many civil rights activists, journalists, and politicians imprisoned, exiled, tossed aside, tortured and beaten by the military regime.
11. We remember Chief Anthony Enahoro, Commodore Dan Suleiman, Chief Abraham Adesanya, Ayo Adebanjo, Chief Gani Fawehinmi, Balarabe Musa, Ganiyu Dawodu, the journalist Bagauda Kaltho, and Commodore Ndubuisi Kanu. I mention these names not to exclude or degrade the profound contributions of anyone else, but to illustrate, through these few heroes, the universality of our pursuit of democracy.
12. The struggle was never the province of any one group or section of the country, it was pan-Nigerian in its conception and will be even more pan-Nigerian as we strive to perfect it.
13. It is fitting that I come to this chamber. You are the authors of the people’s law, and I must be their faithful implementer. While we may not always agree, we must forge a way to work together because this is what democracy demands of us. I pledge myself to this cooperation and ask that you do the same for the good of our people.
14. Mr. Chairman, the National Assembly has acted to uphold democratic ideals at every critical moment in our national history. In 2006, the 5th National Assembly protected our democracy against an unseemly third-term bid that would have ripped our constitution apart. In 2010, the National Assembly, through the doctrine of necessity, opened the door for then-Vice President Goodluck Jonathan to become the acting President following the illness of his predecessor.
15. Even under the military, the National Assembly tried to protect our democracy. After General Abacha took over power on November 17, 1993, and dissolved the National Assembly, some of us, led by Senator Ameh Ebute, the Senate President in the 3rd Republic, defied the General and his goons to reconvene in the Old Parliament Building in Lagos. We were jailed for our defiance.
16. On behalf of a grateful nation, I commend your invaluable role in lawmaking, oversight, and constituency representation.
17. At this point, I plead for your indulgence so that I may put a terrible rumour to bed.
18. To those who ring the alarm that the APC is intent on a one-party state, I offer you a most personal promise. While your alarm may be as a result of your panic, it rings in error. At no time in the past, nor any instance in the present, and at no future juncture shall I view the notion of a one-party state as good for Nigeria. I have never attempted to alter any political party registration with INEC. Equally, my friends, we cannot blame anybody seeking to bail out of a sinking ship even without a life jacket.
19. Look at my political history. I would be the last person to advocate such a scheme. In 2003, when the then-governing party tried to sweep the nation clean of political opposition through plot and manipulation, I was the last of the progressive governors standing in my region.
20. In all their numbers and false grandeur, they boasted of ruling, not governing, Nigeria for the next half century or more. Where are they now?
21. Yet, I stood alone. My allies had been induced into defeat. My adversaries held all the cards that mortal man could carry. Even with all of that, they could not control our national destiny because fate is written from above. A greater power did not want Nigeria to become a one-party state back then. Nigeria will not become such a state now.
22. The failed effort to create a one-party state placed progressive political forces on a trajectory to form the APC. It put me on the trajectory which has brought me before you today. I dare not do such a favour to any political adversary by repeating the same mistake of political overreach.
23. A one-party state is not in the offing. Nor should it ever be. That said, we would be guilty of political malpractice if we closed the door on those from other parties who now seek to join the APC and I sincerely welcome our party’s newest members from Delta and Akwa Ibom States led by Governor Sheriff Oborevwori and Pastor Umo Eno and other members of this National Assembly.
24. Political parties fearful of members leaving may be better served by examining their internal processes and affairs rather than fearfully conjuring up demons that do not exist. For me, I would say try your best to put your house in order. I will not help you do so. It is, indeed, a pleasure to witness you in such disarray.
25. We must welcome and accept the diversity and number of political parties just as we welcome and embrace the diversity of our population. Our efforts must never be to eliminate political competition but to make that competition salutary to the national well-being by working across the political aisle whenever possible.
26. One area in which democracy calls us to work together, whether in the legislative or executive branch, whether in this or other political parties, is that of economic and social development.
27. Upon assuming office, my team and I moved to reform our ailing economy. We introduced fundamental reforms to correct structural imbalances that prevented maximum growth.
28. We are already seeing results. GDP grew by 3.4 per cent in 2024, with Q4 hitting 4.6 per cent, the highest quarter of growth in over a decade. Inflation is easing gradually, steadying the price of food staples like rice and beans. Our net foreign reserves have increased fivefold, and the Naira exchange rate has stabilised. Our balance of payments position is positive; our sovereign credit rating is improving as we continue to promote oil and non-oil exports. States now do not need to go about borrowing to pay salaries.
29. In less than one year, over one hundred thousand Nigerians, including thirty-five thousand civil servants, have benefited from affordable consumer credit through the Nigerian Consumer Credit Corporation (CREDICORP), enabling them to purchase vehicles, light up and improve their homes and purchase life essentials. This July, we will launch a bold new initiative to empower four hundred thousand young Nigerians, including youth corpers, with consumer credit.
30. We are committed to giving more opportunities to young people through job creation and skills development. Through such programs as NELFUND, we are investing in education, vocational training, apprenticeships, and internships to ensure our youth are job-ready and future-ready.
31. In addition, we have embarked on an ambitious project to lay fibre optic cables across the nation, a transformative step toward bridging the digital divide and fostering greater connectivity. This initiative promises not only to enhance the speed and reliability of internet access but also to revolutionize how businesses operate, how students learn, and how communities stay connected. By extending this critical infrastructure, we are empowering entrepreneurs, enabling digital education, and providing the tools for our youth to compete in a globalized world.
32. Our “Nigeria First” policy will further enhance progress as we consolidate market-driven growth. The improved economic performance is encouraging and validates the soundness of our policy measures. Our medium-term growth target remains an economy growing at a 7 per cent clip with a stronger manufacturing base. We must learn to produce and grow most of our food and we are on the path to achieving food sovereignty.
33. These and other reforms have placed the economy on a more rational footing where critical decisions regarding large-scale investment can now be made.
34. I ask you, the legislature, to join me as we enter the second half of our term to put forth innovative legislation that further encourages industrial development and job creation in our urban centres while also drafting laws that improve food security and production.
35. To further underpin our economic vision, we introduced a comprehensive Tax Reform Package, a vital component of our economic re- engineering. I am deeply grateful to both chambers for your thorough consideration and deliberation of these bills, and I look forward to signing them into law soon.
36. Again, your collaboration across party lines on these bills has been a model of democratic partnership.
37. As elected leaders, we must continue to do more to make real the dream of Nigeria’s political and economic democracy.
38. We must be vigilant in expanding the political space. We must always value dialogue over dictatorship, persuasion over suppression and rights over might. Be tolerant and broad-minded in your legislative action regarding speech and civil liberties.
39. Do not be afraid to hear an unkind word spoken against you. Some of the best advice a politician gets sometimes comes from his most ferocious opponents. We dare not seek silence because the imposed silence of repressed voices breeds chaos and ill will, not the harmonics of democracy in the long term.
40. While malicious slander and libel should not go unattended, no one should bear the brunt of injustice for merely writing a bad report about me or calling me names. Democracy requires a fair degree of tolerance for harsh words and stinging insults. Call me names, call me whatever you will, and I will still call upon democracy to defend your right to do so. Mr. Senate President, Mr. Speaker, Distinguished Senators and Honourable Members.
41. Our nation is not perfect, but it is strong. Our democracy is not invincible, but it is alive. And this means our dream of a prosperous, happy nation is still within reach and worth fighting for.
42. Mr. Chairman, Nigeria is at an inflexion point, undergoing structural and fundamental change toward a secure future.
43. Our administration is fully committed to boosting the economy’s productive base. Through investment in critical infrastructure, roads, expansion of port operations, rail, and power we are creating a new environment in which industry and manufacturing can thrive. Our tax and fiscal policy reforms will streamline tax administration and eliminate burdensome and multiple taxes enabling our industrialists and entrepreneurs to operate in a more conducive environment.
44. Governance must work and deliver value to the people. As part of our tax reforms, we have provided small businesses with an exemption and established the Office of the Tax Ombudsman to ensure transparency and protect taxpayer rights. Digital tools now help us track performance and reduce waste. The Diaspora Bond and Non-Resident BVN are bringing Nigerians abroad into the national development fold.
45. In line with my promise during my New Year address to the nation, I recently appointed the board of directors of the newly established National Credit Guarantee Company. The company, backed with 100 billion naira in initial capital; with BOI, which, by the way, is performing very well in supporting SMEs, NSIA, CreditCorp, and MOFI as stakeholders, will play a significant role in transforming the nation’s industrial landscape and reducingcorruption.
46. National Security is the foundation of peace and progress. We have intensified security operations to reclaim communities from criminals and terrorists. We are better at coordinating intelligence, and inter-agency cooperation has improved. Our highways are safer, and we invest in technology and training to secure every inch of this country.
47. Let us take this opportunity to thank the men and women of our Armed Forces for their bravery in service of the nation. Their selfless dedication to protecting our sovereignty and ensuring the safety of citizens should serve as an inspiration to us all. As we celebrate the progress of our democracy, we must not forget the pivotal role they play in safeguarding our freedoms. For their courage and commitment, they deserve not only our gratitude but also our continued support, prayers and recognition.
48. Fellow compatriots, our achievements are not the work of one man. They are the result of a collective effort to make possible the Nigerian Dream. Yet, the journey is not over. We must work even harder to translate broad macroeconomic gains into tangible improvements in the lives of ordinary Nigerians. We must stay the course, reject cynicism, and believe Nigeria can and will rise again.
49. As we mark a twenty-sixth year of unbroken democracy, it is right to honour those who have made sacrifices in the past, braving all the odds and the guns to ensure we have a regime of democracy in our country.
50. In this light, I announce the conferment of the posthumous national honour of CFR on Kudirat Abiola, the heroine of the June 12 struggle.
51. I also confer posthumous national honours on Shehu Musa Yar’Adua (GCFR), Prof. Humphrey Nwosu (CON), Rear Admiral Ndubuisi Kanu (CON), Alhaji Balarabe Musa (CFR), Pa. Alfred Rewani (CFR), Bagauda Kaltho (OON), Chima Ubani (OON), Dr. Beko Ransome-Kuti (CON), Alao Aka Bashorun (CON), Chief Frank Kokori (CON), Emma Ezeazu (OON), Bamidele Aturu (OON), Fredrick Fasehun (CON), Professor Festus Iyayi (CON), Dr John Yima Sen (OON), Alhaja Sawaba Gambo (CON), Dr. Edwin Madunagu (CON), Dr. Alex Ibru (CON), Chief Bola Ige (CFR), Pa. Reuben Fasoranti (CFR), Sen. Ayo Fasanmi (CON), Sen. Polycarp Nwite (CON) and Dr. Nurudeen Olowopopo (CON).
52. I also confer national honours on Prof. Wole Soyinka (GCON), Prof. Olatunji Dare (CON), the journalist and journalism teacher; Kunle Ajibade (OON); Nosa Igiebor (OON), Dapo Olorunyomi (OON), Bayo Onanuga (CON), Ayo Obe (OON), Dare Babarinsa (CON), Bishop Matthew Hassan Kukah (CON), Senator Shehu Sani (CON), Governor Uba Sani (CON), Barrister Femi Falana, SAN (CON), Prof. Shafideen Amuwo (CON), Barrister Luke Aghanenu (OON), Senator Tokunbo Afikuyomi (CON), Hon. Labaran Maku (OON), Dr. Tunji Alausa (CON), Mr Nick Dazang (OON), Hon Abdul Oroh (OON), Odia Ofeimun (CON), Seye Kehinde (OON), Barrister Felix Morka (CON) Barrister Ledum Mitee (CON), Hon. Olawale Osun (CON), Dr. Amos Akingba (CON), Prof. Segun Gbadegesin (CON), Mobolaji Akinyemi (CFR), Dr. Kayode Shonoiki (CON), Prof. Julius Ihonvbere (CON), Prof. Bayo Williams (CON), Sen. Abu Ibrahim (CFR), and Sen. Ame Ebute (CFR).
53. Additionally, I confer the national honour of CON on Uncle Sam Amuka Pemu, a legendary journalist and publisher who remains true to his lifetime calling as he marks his 90th birthday tomorrow, June 13.
54. Furthermore, I also confer posthumous national honours on Ken Saro Wiwa (CON), the leader of the Ogoni Nine and his fellow travellers, Saturday Dobee (OON), Nordu Eawo (OON), Daniel Gbooko (OON), Paul Levera (OON), Felix Nuate (OON), Baribor Bera (OON), Barinem Kiobel (OON), and John Kpuine (OON). I shall also be exercising my powers under the prerogative of mercy to grant these national heroes a full pardon, together with others whose names shall be announced later in conjunction with the National Council of State.
55. Finally, it is my great privilege to now decorate the presiding officers of the National Assembly with the National Honours earlier conferred upon them last year:Presiding National Assembly OfficersSenator Godswill Obot Akpabio, GCON – SENATE PRESIDENTRt. Hon. Abbas Tajudeen, PhD, GCON – SpeakerSenator Jibrin Ibrahim Barau, CFR – DEPUTY SENATE PRESIDENTRt. Hon. Benjamin Okezie Kalu, CFR – Deputy Speaker
56. In conclusion, let us rededicate ourselves to the ideals of June 12; freedom, transparent and accountable government, social justice, active citizen participation, and a just society where no one is oppressed.
57. Happy Democracy Day, and may God continue to bless the Federal Republic of Nigeria and protect our troops.
Bola Ahmed Tinubu, GCFRPresident, Commander-in-Chief of The Armed Forces,Federal Republic of Nigeria
News
Kogi Enforcing Ban on Trailer Parks from October 29 – Fanwo
The decision followed credible intelligence reports that some trailer parks in the state, particularly those located at Zariagi and Osara, have become hideouts for criminal elements.

Kogi State Governor, Ahmed Usman Ododo, has announced that strict enforcement of the ban on trailer parks across the state will start effective from October 29, 2025.
Commissioner for Information and Communications, Kingsley Femi Fanwo, who disclosed this in Lokoja, said that the decision followed credible intelligence reports that some trailer parks in the state, particularly those located at Zariagi and Osara, have become hideouts for criminal elements.
He emphasised that the government cannot fold its arms while such facilities are used to compromise the security of lives and property in the state.“
The directive of His Excellency, Governor Ahmed Usman Ododo, is clear. From October 29, 2025, the state will begin full enforcement of the ban on trailer parks.
Intelligence at our disposal shows that some of these parks, especially those at Zariagi and Osara, harbor criminals who threaten the peace and security of our people.
This is a proactive and preventive measure. We have decided to move ahead of the criminals instead of lamenting after lives might have been lost.
Government will not allow that to continue,” Fanwo said.
He revealed that security agencies across the state have been strictly briefed to enforce the order without compromise, stressing that violators will face the full weight of the law.
The Commissioner further noted that the enforcement is backed by law, as Governor Ododo has already signed into law a bill banning the movement of articulated trucks during the day.
Fanwo urged operators to comply before the enforcement date and called on residents to support the government’s action, stressing that protecting lives and securing communities remain the top priority of the present administration.
International
Deported Nigerian Claims Ghanaian Officials Abandoned Him in Togo

A Nigerian man deported from the United States to Ghana has alleged that he is now stranded in Togo after Ghanaian authorities secretly transferred him and five others across the border without informing Togolese officials.
According to on Wednesday, the man, who spoke anonymously, said he was initially held at a military camp in Ghana after being deported last month along with other West African nationals. He claims Ghanaian officials promised to relocate them to better accommodation but instead covertly transported them into neighbouring Togo via a back route.
“They did not take us through the main border; they took us through the back door. They paid the police there and dropped us in Togo,” he said.
The group, which includes three Nigerians, a Liberian, and others, is now sheltering in a hotel in Lomé, the Togolese capital. None of them have valid documentation, and they are relying on hotel staff to help receive financial aid from relatives abroad.
“We’re struggling to survive in Togo without any documentation,” the man told the BBC. “None of us has family here. We’re just stuck.”
He said life in the Ghanaian military camp was “deplorable,” citing poor water, lack of medical care, and harsh conditions. After complaints to authorities, the group was told they would be moved to a hotel. Instead, they were driven to the Togo border and allegedly coerced under false pretenses.
“When we arrived [at the border], we asked what we were doing there. They told us we needed to sign some paperwork to go to a hotel. We didn’t sign anything,” he said.
The man also shared the personal toll of his deportation. “I have a house in the US where my kids live. How am I supposed to pay the mortgage? My kids can’t see me. It’s just so stressful.”
He is reportedly a member of the Yoruba Self-Determination Movement, an organisation campaigning for an independent Yoruba nation in south-west Nigeria. He fears persecution if forced to return to Nigeria and claims he had court-ordered protection in the US, which should have prevented his deportation. The US government has not publicly addressed this claim.
The deportee was part of a larger group of West Africans — including citizens of Liberia, The Gambia, and Togo — who were flown from US detention facilities to Ghana last month. Human rights lawyers representing the group have filed legal action against both the US and Ghana, citing violations of international protection and due process.
Ghanaian officials, including Foreign Minister Samuel Okudzeto Ablakwa, have defended their decision, saying Ghana accepted the deportees based on “pan-African empathy” and denied receiving any financial compensation.
However, the deal — announced by President John Mahama — has drawn criticism from opposition lawmakers, who are now calling for its suspension until it is properly reviewed and ratified by parliament. Despite the controversy, the government is reportedly preparing to receive an additional 40 deportees.
As the legal battle unfolds and diplomatic pressure mounts, the fate of the stranded deportees in Togo remains uncertain.
News
Nigeria’s 65th Independence: Tinubu’s full speech

NATIONAL BROADCAST BY HIS EXCELLENCY BOLA AHNED TINUBU, GCFR, PRESIDENT OF THE FEDERAL REPUBLIC OF NIGERIA ON THE 65TH INDEPENDENCE ANNIVERSARY OF NIGERIA, OCTOBER 1, 2025
Fellow Nigerians,
Today marks the 65th anniversary of our great nation’s Independence. As we reflect on the significance of this day and our journey of nationhood since October 1, 1960, when our founding fathers accepted the instruments of self-government from colonial rule, let us remember their sacrifice, devotion, and grand dream of a strong, prosperous, and united Nigeria that will lead Africa and be the beacon of light to the rest of the world.
Our founding heroes and heroines—Herbert Macaulay, Dr Nnamdi Azikiwe, Sir Abubakar Tafawa Balewa, Chief Obafemi Awolowo, Sir Ahmadu Bello, Margaret Ekpo, Anthony Enahoro, Ladoke Akintola, Michael Okpara, Aminu Kano, Funmilayo Ransome-Kuti, and other nationalists—believed it was Nigeria’s manifest destiny to lead the entire black race as the largest black nation on earth.
For decades, the promise of our Independence has been tested by profound social, economic, and political challenges, and we have survived. While we may not have achieved all the lofty dreams of our forebearers, we have not strayed too far from them. In 65 years since our Independence, we have made tremendous progress in economic growth, social cohesion, and physical development. Our economy has experienced significant growth since 1960.
Although, it is much easier for those whose vocation is to focus solely on what ought to be, we must recognise and celebrate our significant progress. Nigerians today have access to better education and healthcare than in 1960. At Independence, Nigeria had 120 secondary schools with a student population of about 130,000. Available data indicate that, as of year 2024, there were more than 23,000 secondary schools in our country. At Independence, we had only the University of Ibadan and Yaba College of Technology as the two tertiary institutions in Nigeria. By the end of last year, there were 274 universities, 183 Polytechnics, and 236 Colleges of Education in Nigeria, comprising Federal, State, and private institutions. We have experienced a significant surge in growth across every sector of our national life since Independence – in healthcare, infrastructure, financial services, manufacturing, telecommunications, information technology, aviation and defence, among others.
Our country has experienced both the good and the bad times in its 65 years of nationhood, as is normal for every nation and its people. We fought a bitter and avoidable civil war, experienced military dictatorships, and lived through major political crises. In all these, we weathered every storm and overcame every challenge with courage, grit, and uncommon determination. While our system and ties that bind us are sometimes stretched by insidious forces opposed to our values and ways of life, we continue to strive to build a more perfect union where every Nigerian can find better accommodation and find purpose and fulfilment.
Fellow Compatriots, this is the third time I will address you on our independence anniversary since I assumed office as your President on May 29, 2023. In the last 28 months of my administration, like our founding fathers and leaders who came before me, I have committed myself irrevocably to the unfinished nation-building business.
Upon assuming office, our administration inherited a near-collapsed economy caused by decades of fiscal policy distortions and misalignment that had impaired real growth. As a new administration, we faced a simple choice: continue business as usual and watch our nation drift, or embark on a courageous, fundamental reform path. We chose the path of reform. We chose the path of tomorrow over the comfort of today. Less than three years later, the seeds of those difficult but necessary decisions are bearing fruit.
In resetting our country for sustainable growth, we ended the corrupt fuel subsidies and multiple foreign exchange rates that created massive incentives for a rentier economy, benefiting only a tiny minority. At the same time, the masses received little or nothing from our Commonwealth. Our administration has redirected the economy towards a more inclusive path, channelling money to fund education, healthcare, national security, agriculture, and critical economic infrastructure, such as roads, power, broadband, and social investment programmes. These initiatives will generally improve Nigerians’ quality of life. As a result of the tough decisions we made, the Federal and State governments, including Local Governments, now have more resources to take care of the people at the lower level of the ladder, to address our development challenges.
Fellow Nigerians, we are racing against time. We must build the roads we need, repair the ones that have become decrepit, and construct the schools our children will attend and the hospitals that will care for our people. We have to plan for the generations that will come after us. We do not have enough electricity to power our industries and homes today, or the resources to repair our deteriorating roads, build seaports, railroads, and international airports comparable to the best in the world, because we failed to make the necessary investments decades ago. Our administration is setting things right.
I am pleased to report that we have finally turned the corner. The worst is over, I say. Yesterday’s pains are giving way to relief. I salute your endurance, support, and understanding. I will continue to work for you and justify the confidence you reposed in me to steer the ship of our nation to a safe harbour.
Under our leadership, our economy is recovering fast, and the reforms we started over two years ago are delivering tangible results. The second quarter 2025 Gross Domestic Product grew by 4.23%—Nigeria’s fastest pace in four years—and outpaced the 3.4 per cent projected by the International Monetary Fund. Inflation declined to 20.12% in August 2025, the lowest level in three years. The administration is working diligently to boost agricultural production and ensure food security, reducing food costs.
In the last two years of our administration, we have achieved 12 remarkable economic milestones as a result of the implementation of our sound fiscal and monetary policies:
We have attained a record-breaking increase in non-oil revenue, achieving the 2025 target by August with over N20 trillion. In September 2025 alone, we raised N3.65 trillion, 411% higher than the amount raised in May 2023.
We have restored Fiscal Health: Our debt service-to-revenue ratio has been significantly reduced from 97% to below 50%. We have paid down the infamous “Ways and Means” advances that threatened our economic stability and triggered inflation. Following the removal of the corrupt petroleum subsidy, we have freed up trillions of Naira for targeted investment in the real economy and social programmes for the most vulnerable, as well as all tiers of government.
We have a stronger foreign Reserve position than three years ago. Our external reserves increased to $42.03 billion this September—the highest since 2019.
Our tax-to-GDP ratio has risen to 13.5 per cent from less than 10 per cent. The ratio is expected to increase further when the new tax law takes effect in January. The tax law is not about increasing the burden on existing taxpayers but about expanding the base to build the Nigeria we deserve and providing tax relief to low-income earners.
We are now a Net Exporter: Nigeria has recorded a trade surplus for five consecutive quarters. We are now selling more to the world than we are buying, a fundamental shift that strengthens our currency and creates jobs at home. Nigeria’s trade surplus increased by 44.3% in Q2 2025 to ₦7.46 trillion ($4.74 billion), the largest in about three years. Goods manufactured in Nigeria and exported jumped by 173%. Non-oil exports, as a component of our export trade, now represent 48 per cent, compared to oil exports, which account for 52 per cent. This signals that we are diversifying our economy and foreign exchange sources outside oil and gas.
Oil production rebounded to 1.68 million barrels per day from barely one million in May 2023. The increase occurred due to improved security, new investments, and better stakeholder management in the Niger Delta. Furthermore, the country has made notable advancements by refining PMS domestically for the first time in four decades. It has also established itself as the continent’s leading exporter of aviation fuel.
The Naira has stabilised from the turbulence and volatility witnessed in 2023 and 2024. The gap between the official rate and the unofficial market has reduced substantially, following FX reforms and fresh capital and remittance inflows. The multiple exchange rates, which fostered corruption and arbitrage, are now part of history. Additionally, our currency rate against the dollar is no longer determined by fluctuations in crude oil prices.
Under the social investment programme to support poor households and vulnerable Nigerians, N330 billion has been disbursed to eight million households, many of whom have received either one or two out of the three tranches of the N25,000 each.
Coal mining recovered dramatically from a 22% decline in Q1 to 57.5% growth in Q2, becoming one of Nigeria’s fastest-growing sectors. The solid mineral sector is now pivotal in our economy, encouraging value-added production of minerals extracted from our soil.
The administration is expanding transport infrastructure across the country, covering rail, roads, airports, and seaports. Rail and water transport grew by over 40% and 27%, respectively. The 284-kilometre Kano-Kastina-Maradi Standard Gauge rail project and the Kaduna-Kano rail line are nearing completion. Work is progressing well on the legacy Lagos-Calabar Coastal Highway and Sokoto-Badagry Highway. The Federal Executive Council recently approved $3 billion to complete the Eastern Rail Project.
The world is taking notice of our efforts. Sovereign credit rating agencies have upgraded their outlook for Nigeria, recognising our improved economic fundamentals. Our stock market is experiencing an unprecedented boom, rising from an all-share index of 55,000 points in May 2003 to 142,000 points as of September 26, 2025.
At its last MPC meeting, the Central Bank slashed interest rates for the first time in five years, expressing confidence in our country’s macroeconomic stability.
SECURITY:
We are working diligently to enhance national security, ensuring our economy experiences improved growth and performance. The officers and men of our armed forces and other security agencies are working tirelessly and making significant sacrifices to keep us safe. They are winning the war against terrorism, banditry and other violent crimes. We see their victories in their blood and sweat to stamp out Boko Haram Terror in North-East, IPOB/ESN terror in South East and banditry and kidnapping. We must continue to celebrate their gallantry and salute their courage on behalf of a grateful nation. Peace has returned to hundreds of our liberated communities in North-West and North-East, and thousands of our people have returned safely to their homes.
YOUTH:
I have a message for our young people. You are the future and the greatest assets of this blessed country. You must continue to dream big, innovate, and conquer more territories in your various fields of science, technology, sports, and the art and creative sector. Our administration, through policies and funding, will continue to give you wings to fly sky-high. We created NELFUND to support students with loans for their educational pursuits. Approximately 510,000 students across 36 states and the FCT have benefited from this initiative, covering 228 higher institutions. As of September 10, the total loan disbursed was N99.5 billion, while the upkeep allowance stood at N44.7 billion.
Credicorp, another initiative of our administration, has granted 153,000 Nigerians N30 billion affordable loans for vehicles, solar energy, home upgrades, digital devices, and more.
YouthCred, which I promised last June, is a reality, with tens of thousands of NYSC members now active beneficiaries of consumer credit for resettlement.
Under our Renewed Hope Agenda, we promised to build a Nigeria where every young person, regardless of background, has an equitable opportunity to access a better future—thus, the Investment in Digital and Creative Enterprises (iDICE) programme. The Bank of Industry is driving the programme, in collaboration with the African Development Bank, the French Development Agency, and the Islamic Development Bank. This initiative is at the cusp of implementation. Over the last two years, we have collaborated with our partners to launch the programme, supporting our young builders and dreamers in the technology and creative sectors.
A MESSAGE OF HOPE
Fellow Nigerians, I have always candidly acknowledged that these reforms have come with some temporary pains. The biting effects of inflation and the rising cost of living remain a significant concern to our government. However, the alternative of allowing our country to descend into economic chaos or bankruptcy was not an option. Our macro-economic progress has proven that our sacrifices have not been in vain. Together, we are laying a new foundation cast in concrete, not on quicksand.
The accurate measure of our success will not be limited to economic statistics alone, but rather in the food on our families’ tables, the quality of education our children receive, the electricity in our homes, and the security in our communities. Let me assure you of our administration’s determination to ensure that the resources we have saved and the stability we have built are channelled into these critical areas. Today, the governors at the state level, and the local government autonomy are yielding more developments.
Therefore, on this 65th Anniversary of Our Independence, my message is hope and a call to action. The federal government will continue to do its part to fix the plumbing in our economy. Now, we must all turn on the taps of productivity, innovation, and enterprise, just like the Ministry of Interior has done with our travel passports, by quickening the processing. In this regard, I urge the sub-national entities to join us in nation-building. Let us be a nation of producers, not just consumers. Let us farm our land and build factories to process our produce. Let us patronise ‘Made-in-Nigeria’ goods. I say Nigeria first. Let us pay our taxes.
Finally, let all hands be on deck. Let us believe, once more, in the boundless potential of our great nation.
With Almighty God on our side, I can assure you that the dawn of a new, prosperous, self-reliant Nigeria is here.
Happy 65th Independence Anniversary, and may God continue to bless the Federal Republic of Nigeria.
Amen.
Bola Ahmed Tinubu, GCFR
President and Commander-In-Chief of the Armed Forces of the Federal Republic of Nigeria,
Presidential Villa,
Abuja.
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