Independence Day Broadcast, Tinubu Says Worst Over

PRESIDENT Bola Tinubu has declared that Nigeria has “turned the corner” towards economic prosperity, declaring that the worst is behind them.
In his national broadcast on Wednesday, October 1, to mark Nigeria’s 65th independence anniversary, Tinubu stated: ‎“I am pleased to report that we have finally turned the corner. The worst is over. Yesterday’s pains are giving way to relief.”
‎ The President commended Nigerians for their resilience and support, restating his administration’s commitment to delivering on its promises.
‎ He said: “I salute your endurance, support, and understanding. I will continue to work for you and justify the confidence you reposed in me to steer the ship of our nation to a safe harbour.”
‎ Tinubu recalled that his administration inherited a near-collapsed economy, weakened by decades of fiscal mismanagement and distorted policies and misalignment that had impaired real growth, prompting it to either continue with the status quo or pursue bold reforms to rescue the country.
‎ He stated that without the tough decisions, Nigeria would have drifted into deeper economic crisis, enthusing that within three years, the seeds of reforms in the removal of the corrupt fuel subsidy and unified foreign exchange are beginning to bear fruit.
The President stated that these bold steps dismantled incentives that sustained a rent-seeking economy and redirected resources to priority sectors and a more inclusive path, adding that his administration has been channelling money to fund education, healthcare, national security, agriculture and critical economic infrastructure, including roads, power, broadband and social investment programmes.
‎ He called for collective action to rev up development, warning that Nigeria remained in a race against time on infrastructure and “all hands must be on deck to fast track development and deliver the promise of a greater Nigeria.”
Tinubu also said Nigeria has made considerable progress since 1960 when the country gained independence, and that this is worth celebrating.