In Independence Day Address, Tinubu Lists His Administration’s Achievements

President Bola Tinubu seized the occasion of the 65th independence anniversary to list the achievements of his 28 months’ administration to the nation in his national broadcast.

In his address to the nation, aired Wednesday morning on TV and radio stations, The President said: “In the last two years of our administration, we have achieved 12 remarkable economic milestones as a result of the implementation of our sound fiscal and monetary policies:

i. We have attained a record-breaking increase in non-oil revenue, achieving the 2025 target by August with over N20 trillion. In September 2025 alone, we raised N3.65 trillion, 411% higher than the amount raised in May 2023.

ii. We have restored Fiscal Health: Our debt service-to-revenue ratio has been significantly reduced from 97% to below 50%. We have paid down the infamous “Ways and Means” advances that threatened our economic stability and triggered inflation. Following the removal of the corrupt petroleum subsidy, we have freed up trillions of Naira for targeted investment in the real economy and social programmes for the most vulnerable, as well as all tiers of government.

iii. We have a stronger foreign Reserve position than three years ago. Our external reserves increased to $42.03 billion this September—the highest since 2019.

iv. Our tax-to-GDP ratio has risen to 13.5 per cent from less than 10 per cent. The ratio is expected to increase further when the new tax law takes effect in January. The tax law is not about increasing the burden on existing taxpayers but about expanding the base to build the Nigeria we deserve and providing tax relief to low-income earners.

v. We are now a Net Exporter: Nigeria has recorded a trade surplus for five consecutive quarters. We are now selling more to the world than we are buying, a fundamental shift that strengthens our currency and creates jobs at home. Nigeria’s trade surplus increased by 44.3% in Q2 2025 to ₦7.46 trillion ($4.74 billion), the largest in about three years. Goods manufactured in Nigeria and exported jumped by 173%. Non-oil exports, as a component of our export trade, now represent 48 per cent, compared to oil exports, which account for 52 per cent. This signals that we are diversifying our economy and foreign exchange sources outside oil and gas.

vi. Oil production rebounded to 1.68 million barrels per day from barely one million in May 2023. The increase occurred due to improved security, new investments, and better stakeholder management in the Niger Delta. Furthermore, the country has made notable advancements by refining PMS domestically for the first time in four decades. It has also established itself as the continent’s leading exporter of aviation fuel.

vii. The Naira has stabilised from the turbulence and volatility witnessed in 2023 and 2024. The gap between the official rate and the unofficial market has reduced substantially, following FX reforms and fresh capital and remittance inflows. The multiple exchange rates, which fostered corruption and arbitrage, are now part of history. Additionally, our currency rate against the dollar is no longer determined by fluctuations in crude oil prices.

viii. Under the social investment programme to support poor households and vulnerable Nigerians, N330 billion has been disbursed to eight million households, many of whom have received either one or two out of the three tranches of the N25,000 each.

ix. Coal mining recovered dramatically from a 22% decline in Q1 to 57.5% growth in Q2, becoming one of Nigeria’s fastest-growing sectors. The solid mineral sector is now pivotal in our economy, encouraging value-added production of minerals extracted from our soil.

x. The administration is expanding transport infrastructure across the country, covering rail, roads, airports, and seaports. Rail and water transport grew by over 40% and 27%, respectively. The 284-kilometre Kano-Kastina-Maradi Standard Gauge rail project and the Kaduna-Kano rail line are nearing completion. Work is progressing well on the legacy Lagos-Calabar Coastal Highway and Sokoto-Badagry Highway. The Federal Executive Council recently approved $3 billion to complete the Eastern Rail Project.

xi. The world is taking notice of our efforts. Sovereign credit rating agencies have upgraded their outlook for Nigeria, recognising our improved economic fundamentals. Our stock market is experiencing an unprecedented boom, rising from an all-share index of 55,000 points in May 2003 to 142,000 points as of September 26, 2025.

xii. At its last MPC meeting, the Central Bank slashed interest rates for the first time in five years, expressing confidence in our country’s macroeconomic stability.”

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    EDC, AGRA Partner to  Offer Agric SMEs Growth  Strategies

    EDC, AGRA Partner to  Offer Agric SMEs Growth  Strategies

    The Enterprise Development Centre (EDC) of Pan-Atlantic University in collaboration with Alliance for Green Revolution in Africa (AGRA) has created a platform titled: ‘Exclusive Networking Event’, which is capable of connecting agricultural small and medium enterprises (SMES)to key players in the sector.

    The SMEs include financial institutions, business development service providers, and government officialsm thereby discovering strategies to fund, grow, and scale their businesses.

    Also titled: Funding the Future: Powering Nigeria’s Agric-SMEs, the recent Lagos event brought together agricultural business stakeholders from around the country.

    Its goal was to connect them with key players in the Nigerian agriculture sector and provide strategies for funding, growing, and scaling their businesses. The two-day session featured insightful panel discussions, funding opportunities, strategies, and success stories from some of the most successful food and agricultural SMEs, and high-value networking with some financial institutions and investors.

    Reaffirming the EDC commitment towards supporting SMEs in the country, the Head of Alumni Relations and Support Services at EDC, Dr. Nnenna Ugwu, stressed that the Centre is committed to helping agric-SMEs in the country to find funders, grow, and scale in a manner that is required and attainable in other countries.

    According to him, “‎Today, we are utilising Business Development Service Providers (BDSPs) to support small businesses on the AGRA platform and explore how they can be funded. And when we mean funding, it is a funding that works, a funding for the future, and a sustainable funding.”

    Speaking about the partnership with AGRA, a sustainably growing African Food System, Ugwu said: “EDC is an umbrella body that commits totally its life in building, hand-holding, and training entrepreneurs and small businesses. We train them, we hand-hold them, and we try to create an environment for them to thrive; therefore, we are committed to doing everything for SMEs.

    “Therefore, entrepreneurs in the agric-space need to be able to grow and sustain their businesses. We don’t give money,” she emphasised, adding that: “But, of course, we train them to be able to receive that money. We try to give them a link to those who can offer them grants and seed funding.”

    The Country Director for AGRA, Dr. Rufus Idris, ‎ said: “‎We’re here today to see how to strengthen the ecosystem of Business Development Service Providers (BDSP), and also strengthen service provision to Agric SMEs. We’re trying to see how that space can work better for us, ensuring that there’s a strong connection between the SMEs that are trying to grow, expand, stabilise, or sustain their operations, and linking that to getting the right kind of support from the business support services providers.”

    He added: “And that way, we can ensure that Agric SMEs can actually tap into the skills required to build their own capacity internally and better strengthen their business for growth.”

    “‎This partnership is born out of the fact that AGRA is committed to transforming Africa’s food system. In Nigeria, we are committed to supporting the Nigerian government in transforming the country’s food system.”

    More importantly, he stressed that Nigeria aims to increase agricultural output, boost food production, and feed its growing population, while also reducing post-harvest losses.

    To do that, he stated that: “We cannot just focus on working with smallholder farmers alone. We also have to focus on the private sector players there. A lot of the agric SMEs are struggling with a lot of things, some access to finance, being able to tap into the new market, being able to improve on business efficiency and operation, energy support services, and cost within that space.”

    Meanwhile, one of the participants at the programme, Principal Consultant/CEO at Doctor Fish Agric Consult, Israel Yusuf, thanked EDC for the opportunity provided for those in the ecosystem to thrive.

    “I want to appreciate EDC for what they are doing. This is a timely intervention, bringing together the different actors in the value chain to have a conversation on the challenges with a focus on solutions. EDC is an enterprise-driven organisation, an enterprise-focused organisation that believes that every challenge has a solution,” he stated.

    ​  

    The Enterprise Development Centre (EDC) of Pan-Atlantic University in collaboration with Alliance for Green Revolution in Africa (AGRA) has created a platform titled: ‘Exclusive Networking Event’, which is capable of

    Tinubu Commiserates With Kogi Over Ibaji Boat Mishap

    Tinubu Commiserates With Kogi Over Ibaji Boat Mishap

    * Charges water transportation operators to prioritise safety over financial considerations 

    Deji Elumoye in Abuja 

    President Bola Tinubu has condoled with the government and people of Kogi State over the sad incident of a boat accident at Ibaji Local Government, which occurred on Tuesday, leading to loss of lives.

    According to reports, the victims of the tragedy were traders travelling from Ibaji Local Government Area of Kogi State to Ilushi market in Edo State.

    The president, in a release issued on Wednesday by his Adviser on Information and Strategy, Bayo Onanuga, expressed profound sorrow at the unfortunate incident, describing it as shocking and unfortunate, especially as the victims were embarking on their legitimate quest to make a decent living.

    President Tinubu commended the first responders at the accident scene and urged federal, state and local emergency responders to step up their efforts to provide the needed assistance to survivors and victims.

    The president once again urged operators of water transportation to prioritise safety over financial considerations in their daily business.

    He prayed for the peaceful repose of the soul of the departed and quick recovery for the injured.

    ​  

    * Charges water transportation operators to prioritise safety over financial considerations  Deji Elumoye in Abuja  President Bola Tinubu has condoled with the government and people of Kogi State over the

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