Tinubu Acknowledges Challenges, Promises Growth and Prosperity

President Bola Ahmed Tinubu said on Friday that his administration is building a foundation for economic growth by investing in infrastructure, agriculture and exports, while noting that many Nigerians still experience economic hardship.
During his Democracy Day address, the President explained that infrastructure development across the country is stimulating economic activity and creating jobs.
“Across the country, infrastructure projects are connecting producers to markets and creating opportunities for enterprise and employment,” he said.
He highlighted ongoing efforts to increase agricultural productivity, noting that “the National Agricultural Development Fund is deploying 10,000 tractors over five years.”
The President also cited progress in the non‑oil sector, stating that “over 1,000 SMEs have been certified for export” and that “non‑oil exports grew by 21% last year.”
Despite these gains, Tinubu acknowledged the economic challenges faced by many citizens.
“Yet, many Nigerians still face economic hardship,” he said.
According to the President, the government remains committed to addressing these challenges through targeted economic policies.
“We remain focused on reducing inflation, expanding food production, creating jobs, improving living standards, rebuilding confidence in our economy and creating conditions for sustainable prosperity,” he stated.
Tinubu said recent reforms have helped stabilise the economy and positioned the country for stronger growth in the years ahead.
“We are moving from uncertainty to stability,” he said.
Looking ahead, the President said the administration’s priority is to ensure that economic progress translates into tangible benefits for citizens across the country.
“The next phase is about accelerating growth and ensuring the benefits are felt in every home, every community and every region,” he said.
He emphasised the need for democracy to deliver economic value, adding, “We believe that Democracy must be felt in the pocket.”