President Bola Tinubu has called on Nigerians to unite behind his administration and support ongoing reforms, stating that Nigeria's economy is now more competitive than it was in May 2023. In his message to the nation on the third anniversary of his administration, Tinubu urged citizens to reject cynicism and divisions, and to move the nation forward together.
Economic Achievements Highlighted
Tinubu emphasized that the economy is better positioned for sustainable growth, with improving public finances and growing investor confidence. He noted that states and local governments now have greater resources to invest in their people. The stock market has also seen significant gains, with the All Share Index rising from 53,000 in 2023 to a record 250,000, and market capitalisation increasing from N30 trillion to N160 trillion. Companies are declaring record profits and dividends.
Infrastructure and Oil Sector Progress
The President pointed to major infrastructure projects underway, including over 2,700 kilometres of highways and roads under construction, such as the Lagos-Calabar Coastal Highway and the Sokoto-Badagry Super Highway. In the oil and gas sector, reforms have attracted billions of dollars in fresh investment, with the $5 billion NLNG Train 7 project nearing completion. Domestic gas utilisation is expanding, and local refining capacity has improved energy security, reducing dependence on imported petroleum products.
Power and Security Achievements
Tinubu addressed challenges in the power sector, stating that his administration is clearing legacy obligations, expanding transmission infrastructure, and investing in renewable energy. He assured that the government is determined to power Nigeria into a new era of industrial growth. On security, he noted that armed forces and security agencies have intensified operations against terrorists, bandits, and kidnappers, making many communities and highways safer. He acknowledged that challenges remain but stressed that progress is being made.
The President concluded by urging Nigerians to support the administration's efforts, stating that difficult but necessary decisions were taken to stabilise the economy and prevent a deeper crisis. He called for unity and confidence in the nation's future.
