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Nigeria: Tinubu to Nigerians On 65th Independence - We Have Turned the Corner, Worst Is Finally Over

President Tinubu highlights 12 economic milestones including 4.23% GDP growth and $42 billion foreign reserves, affirming recovery after removing fuel subsidies and reforming fiscal policies.

  • On October 1, 2025, President Bola Tinubu addressed Nigeria on its 65th Independence Day, declaring the nation has turned the corner.
  • He linked the economic recovery to tough reforms begun after inheriting a near-collapsed economy in May 2023, despite persistent challenges.
  • Tinubu cited a 4.23% GDP growth in Q2 2025, a trade surplus of N7.46 trillion, increased non-oil revenue above N20 trillion, and a rise in foreign reserves to $42.03 billion.
  • He highlighted security forces' victories against terrorism and banditry, removal of fuel subsidies, unified exchange rates, and infrastructure expansion including rail and road projects.
  • Despite official optimism, critics emphasize ongoing widespread poverty, insecurity, hunger, and recent violent incidents, suggesting Nigeria’s progress faces significant tests ahead.
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247ureports.com broke the news in on Tuesday, September 30, 2025.
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