02/10/2025
Marking Nigeria’s 65th Independence anniversary, President Bola Ahmed Tinubu delivered a speech that blended hard economic realities with hopeful projections, urging Nigerians to take ownership of the country’s future by shifting from a consumption-driven economy to a production-driven nation of builders, innovators, and entrepreneurs.
“We must be a nation that produces what we consume. We must farm, build factories, set up industries, and patronize our local goods. This is the path to prosperity and self-reliance,” the president declared.
Takeaway 1 - Economic Recovery and Reforms
The president emphasized that his administration inherited a “near-collapsed economy,” burdened by years of distortions and unsustainable practices. However, through bold reforms—most notably the removal of fuel subsidies and the elimination of multiple foreign exchange rates—the government has begun to restore credibility and redirect resources into productive sectors.