President Bola Ahmed Tinubu, GCFR, has reaffirmed his administration’s commitment to economic stability and national development, declaring that Nigeria is on a steady recovery path despite the tough reforms undertaken since his assumption of office.
In a nationwide broadcast, President Tinubu highlighted significant achievements recorded in August, particularly in revenue generation. He disclosed that the federal government successfully met its monthly revenue target, driven predominantly by non-oil sectors. This, he said, marks a turning point in Nigeria’s quest to diversify its economy away from the heavy reliance on crude oil earnings.
“The numbers are clear. In August, our country achieved its revenue target, with the bulk coming from agriculture, technology, telecommunications, and other non-oil industries,” the President said. “This demonstrates that our reforms are working, and Nigeria is gradually building a sustainable economy that does not hinge solely on oil.”
Tinubu stressed that the administration’s fiscal and monetary policies, including currency unification, subsidy removal, and tighter revenue mobilisation strategies, are already showing results. While acknowledging the hardships faced by many Nigerians, he urged citizens to remain patient, assuring them that the sacrifices would yield long-term benefits.
On infrastructure and national development, the President announced progress on what he called the “Buhari House” project, a facility designed as both a commemorative edifice and a functional public space. He explained that the building, named after former President Muhammadu Buhari, will serve as a symbol of continuity in governance and a reminder of Nigeria’s democratic journey. “This project is not just about a structure; it is about national memory, respect for service, and our collective story as a people,” Tinubu noted.
The President also addressed concerns about international political developments, particularly the controversies surrounding former U.S. President Donald Trump. He advised Nigerians not to be overly concerned about events happening thousands of miles away, emphasising that domestic progress must remain the nation’s focus.
“What happens in the United States, whether with President Trump or anyone else, should not unsettle us. Our concern must be Nigeria—our growth, our unity, and our future. The world will always have distractions, but our priority is here at home,” he stated.
Observers believe the President’s comments were designed to reinforce confidence in his administration’s economic agenda while deflecting attention from external issues that could create unnecessary anxiety. By insisting that Nigeria must focus on its own progress, Tinubu sent a clear message of national self-reliance and resilience.
Economic analysts, meanwhile, have described the meeting of August revenue targets as a significant achievement, considering the fiscal challenges that have historically plagued Nigeria. They argue that the shift toward non-oil revenue streams could shield the country from the volatility of global oil prices and set the stage for more predictable economic growth.
However, many Nigerians continue to grapple with inflation, rising food costs, and higher transportation fares, all of which are byproducts of ongoing reforms. Tinubu acknowledged these concerns but insisted that social investment programs, food production initiatives, and job creation strategies are underway to ease the burden.
“The journey will not be without pain, but the foundation we are laying today will ensure that future generations live in a stronger, more secure, and more prosperous Nigeria,” the President said in closing.
The broadcast, which combined economic updates, infrastructural commitments, and geopolitical reflections, has been interpreted by political watchers as a strategic reassurance aimed at both local and international audiences. It signals that despite economic headwinds and political distractions abroad, the Tinubu administration is determined to maintain focus on stability, growth, and national pride.
