By Bababunmi Agbebi
Edited by Ezennia Uche
President Bola Ahmed Tinubu on Wednesday said Nigeria’s economy is on a strong recovery path, pointing to faster growth and falling inflation in his Independence Day address marking the nation’s 65th anniversary.
Tinubu announced that the economy grew by 4.23% in the second quarter of 2025, outpacing the International Monetary Fund’s (IMF) 3.4% projection and recording the country’s fastest growth in four years. He also noted that inflation dropped to 20.12% in August 2025, the lowest in three years, crediting increased agricultural production and food security efforts for easing price pressures.
“These figures are clear evidence that the reforms we initiated over two years ago are beginning to yield tangible results,” Tinubu said, referencing fiscal and monetary measures under his Renewed Hope Agenda.
The President outlined 12 economic milestones achieved under his administration, highlighting the Investment in Digital and Creative Enterprises (iDICE) programme as a flagship initiative to empower youth and expand opportunities across sectors.
While stressing the gains, Tinubu acknowledged lingering challenges, including the high cost of living. “Our success will not be measured by economic statistics alone,” he said. “It will be measured by the food on our families’ tables, the quality of education our children receive, and the security in our communities.”
He urged citizens to embrace productivity and innovation while calling on state governments to play a greater role in nation-building.
The address, his second Independence Day speech since taking office, blended optimism with caution, presenting both a scorecard of progress and a call for collective effort toward long-term prosperity.
