President Bola Ahmed Tinubu on Friday defended his administration’s economic reforms, insisting that Nigeria was transitioning from uncertainty to stability and laying the foundation for long-term prosperity.
Speaking during his Democracy Day address, Tinubu acknowledged the economic hardship facing many Nigerians but maintained that difficult reforms introduced since 2023 were necessary to rescue the economy from fiscal crisis.
The President said government revenues had increased, investor confidence had improved, non-oil exports had grown by 21 per cent, and domestic refining capacity had expanded, reducing dependence on imported petroleum products.
Tinubu also highlighted ongoing efforts to revive the power sector, tackle legacy debts, close the metering gap and expand electricity access through state-led power generation and rural electrification projects.
“Democracy must be felt in the pocket,” the President said, arguing that political freedom must translate into jobs, lower inflation, improved living standards and greater opportunities for ordinary Nigerians.
He further pledged to deepen local government autonomy, expand agricultural production, create jobs and accelerate economic growth, declaring that the current generation’s responsibility was to secure prosperity just as previous generations secured independence and democracy.
