President Bola Ahmed Tinubu, in his Independence Day broadcast marking Nigeria’s 65th anniversary, highlighted 12 economic milestones his administration has achieved through fiscal and monetary reforms.
Among the notable achievements:
📈 Record-breaking non-oil revenue – Over ₦20 trillion generated by August 2025, surpassing the yearly target.
💰 Fiscal health restored – Debt service-to-revenue ratio reduced from 97% to below 50%.
🛢️ Increased oil production alongside growth in coal mining.
💵 Stronger foreign reserves – rising to $42.03 billion, the highest since 2019.
💹 Stable Naira & improved global ratings.
🚆 Expanded transport infrastructure across the country.
📉 Interest rates slashed for the first time in five years.
🌍 Trade surplus sustained for five consecutive quarters, making Nigeria a net exporter.
⚖️ Tax-to-GDP ratio improved to 13.5%, with reforms expected to further expand the tax base by January.
The President emphasized that the removal of the fuel subsidy freed trillions of Naira for targeted investments in the real economy and social programs.
“These milestones,” Tinubu said, “signal the birth of a stronger economy, one designed to deliver jobs, stability, and prosperity for Nigerians.”
