President Bola Tinubu has acknowledged that Nigeria is currently going through a challenging period, while expressing confidence that the country will ultimately emerge stronger, more stable, and more prosperous.
In a statement marking the third anniversary of his administration on May 29, 2026, the President said nations often face difficult tests before achieving lasting progress, adding that Nigeria is experiencing such a moment in its national journey.
Tinubu called on Nigerians to remain united and committed to national development, stressing the need to build a country that is secure, inclusive, economically strong, and respected globally.
He said the reforms introduced by his administration, though painful, were necessary to prevent deeper economic crisis and ensure long-term stability.
According to him, the removal of fuel subsidy, foreign exchange reforms, and other fiscal adjustments were unavoidable steps taken in response to severe economic pressures inherited by the government.
The President noted that these policies have come with significant hardship, affecting the cost of living, households, businesses, and job prospects for many young Nigerians.
Despite this, he insisted that the economy is now stabilising, with improvements in public finances, increased allocations to state and local governments, and renewed investor confidence.
Tinubu also pointed to strong performance in the capital market, saying the Nigerian Stock Exchange has recorded substantial growth since 2023, alongside rising corporate profits and dividends.
On infrastructure, he said over 2,700 kilometres of roads are currently under construction or rehabilitation, including major national highways aimed at improving connectivity and economic activity.
In the energy sector, he said reforms have attracted fresh investment into oil and gas, with key projects such as NLNG Train 7 progressing and efforts underway to improve domestic refining capacity and energy security.
The President also highlighted achievements in education, noting that over 1.5 million students have benefited from the national student loan scheme, with hundreds of billions of naira already disbursed.
On housing, he said ongoing federal housing programmes are delivering thousands of units across multiple states, creating jobs and expanding access to affordable accommodation.
In healthcare, he stated that primary health centres are being revitalised and health insurance coverage is being expanded to support vulnerable citizens.
Tinubu further noted reforms in the power sector aimed at improving electricity supply, including investment in transmission infrastructure and efforts to strengthen the national grid.
On security, he said military and security agencies are intensifying operations against terrorism, banditry, kidnapping, and oil theft, with gradual improvements in safety in some regions.
He concluded that while the country still faces significant challenges, the foundation for recovery has been laid, and the focus now is on ensuring that the benefits of reform are felt more directly by ordinary Nigerians.
