Nigeria @65: Tinubu Highlights 12 Key Achievements of His Administration |Omohglobalnews

 

By Ọmọsọla Olumide 

President Bola Ahmed Tinubu has listed 12 major achievements recorded by his government, crediting them to the “sound fiscal and monetary policies” introduced since 2023.

In his nationwide broadcast to mark Nigeria’s 65th Independence Anniversary on Wednesday, October 1, 2025, the president outlined what he described as “remarkable economic milestones.”

Below are the 12 achievements President Tinubu highlighted:

1. Record Non-Oil Revenue Growth

The government surpassed its 2025 non-oil revenue target four months ahead of schedule, generating over ₦20 trillion by August. In September alone, ₦3.65 trillion was raised — 411% higher than May 2023 figures.

2. Restoration of Fiscal Health

Nigeria’s debt service-to-revenue ratio has dropped from 97% in 2023 to below 50%. The administration has also reduced reliance on Central Bank’s “Ways and Means” advances, while removing fuel subsidies freed trillions for social programmes and real sector investments.

3. Stronger Foreign Reserves

External reserves rose to $42.03 billion in September 2025, the highest since 2019, supported by improvements in tax revenues and trade balance.

4. Rising Tax-to-GDP Ratio

The tax-to-GDP ratio has climbed from below 10% to 13.5% and is projected to increase further under a new tax law effective January 2026. The president assured the reform expands the tax net rather than overburdening existing taxpayers.

5. Nigeria Becomes a Net Exporter

For the first time in years, Nigeria recorded trade surpluses for five consecutive quarters. In Q2 2025, trade surplus hit ₦7.46 trillion ($4.74 billion). Non-oil exports now account for 48% of total exports, compared to 52% from oil.

6. Oil Production Recovery

Crude oil output rebounded to 1.68 million barrels per day, up from barely one million in May 2023. The country also began refining petrol locally for the first time in four decades and is now Africa’s leading exporter of aviation fuel.

7. Stabilisation of the Naira

The president said the naira has stabilised after two years of turbulence. FX reforms, improved remittances, and capital inflows narrowed the gap between official and parallel market rates, ending multiple exchange systems.

8. Social Investment for the Vulnerable

Under the Social Investment Programme, ₦330 billion has been disbursed to eight million households, with many beneficiaries receiving tranches of ₦25,000 to cushion economic hardship.

9. Revival of Coal Mining

Coal mining rebounded from a 22% decline in Q1 to 57.5% growth in Q2, positioning solid minerals as one of the fastest-growing sectors in the economy.

10. Infrastructure Expansion

The administration is driving major infrastructure projects, including the near-completion of the 284km Kano-Katsina-Maradi and Kaduna-Kano rail lines. Work also continues on the Lagos-Calabar Coastal Highway and Sokoto-Badagry Highway. Additionally, $3 billion has been approved for the Eastern Rail Project.

11. Global Recognition of Economic Reforms

Sovereign rating agencies have upgraded Nigeria’s outlook, while the Nigerian Stock Exchange surged from an all-share index of 55,000 points in May 2023 to 142,000 points by September 2025.

12. Lower Interest Rates

For the first time in five years, the Central Bank reduced interest rates, reflecting confidence in Nigeria’s macroeconomic stability.