Introduction to Nigeria’s 65th Independence Anniversary
Nigeria’s President Bola Tinubu addressed the nation in a special broadcast to mark the country’s 65th year of independence. In his speech, he expressed hope and a call to action, stating that the country has "turned the corner and the worst is over."
Historical Context and Challenges
President Tinubu reflected on Nigeria’s history, acknowledging the country’s experiences with civil war, military dictatorships, and political crises. He emphasized the nation’s resilience and determination in overcoming these challenges. The president also outlined the current challenges, including the need for infrastructure development, such as building roads, schools, and hospitals.
Economic Progress and Reforms
Tinubu highlighted the achievements of his administration, including the increase in non-oil revenue, which reached over N20 trillion in 2025. The removal of petroleum subsidies has also freed up funds for targeted investments in the real economy and social programs. Additionally, the country’s external reserves have risen to $42.03 billion, the highest since 2019.
Tax Law Reforms
The president discussed the upcoming tax reform, which is set to begin implementation in 2026. He emphasized that the new tax law aims to expand the tax base and provide relief to low-income earners, rather than increasing the burden on existing taxpayers. The tax-to-GDP ratio has already risen to 13.5 percent, and it is expected to increase further when the new tax law takes effect.
Foreign Exchange Reforms and Naira Stability
Tinubu spoke about the gains made by the Naira in recent weeks, attributing this to the foreign exchange reforms implemented by his administration. The gap between the official and unofficial market rates has reduced substantially, and the currency rate is no longer determined by fluctuations in crude oil prices.
Security and National Development
The president focused on the positive aspects of security, highlighting the efforts of the armed forces and security agencies in combating terrorism, banditry, and other violent crimes. He emphasized the need for national security to support economic growth and development.
Reactions from Nigerians
Nigerians have reacted to the president’s speech, with some expressing skepticism and criticism. Former Vice-President Atiku Abubakar accused the Tinubu administration of abandoning the people and failing to address hunger, banditry, and other security challenges. Others, such as Oyokunyi Okon, called on the president to tackle corruption and focus on productivity and self-reliance.
Conclusion
In conclusion, President Bola Tinubu’s speech marked a significant moment in Nigeria’s 65th independence anniversary celebrations. While the country still faces numerous challenges, the president’s message of hope and call to action emphasized the need for collective effort to build a greater nation. As Nigerians reflect on their country’s history and progress, they must continue to work together to address the ongoing issues and strive for a brighter future.
