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In commemoration of Nigeria’s 65th Independence Anniversary, Osun State Governor, Senator (Dr) Ademola Jackson Nurudeen Adeleke, has granted Independence Day amnesty to 36 convicts currently serving sentences at the Nigerian Correctional Service facilities in Ilesa and Ile-Ife.

The Governor’s spokesperson, Mallam Olawale Rasheed, who made this known in a statement in Osogbo, stated that, ‘Governor Adeleke’s decision reflects the spirit of compassion, justice, and renewal which Nigeria’s Independence Day represents.

‘As a government of the people, we remain committed to upholding justice while extending mercy to deserving citizens. This amnesty is not only a gesture of freedom but also a call for true rehabilitation, reintegration, and a fresh start for these individuals.’

He stressed that the gesture, made in line with the powers conferred on the Governor under Section 212 of the Constitution of the Federal Republic of Nigeria (1999 as amended), follows the recommendations of the State Advisory Council on Prerogative of Mercy.

In a proclamation issued under his hand and the Public Seal of Osun State, dated 24 September 2025, Governor Adeleke declared:

‘WHEREAS, the Governor of Osun State of Nigeria has granted amnesty to the convicted persons listed and attached hereto, who are subject to the jurisdiction of Osun State.

‘NOW KNOW YE THAT I, Senator (Dr) Ademola Jackson Nurudeen Adeleke, the Governor of Osun State of Nigeria, in exercise of the powers conferred upon me by Paragraph (a) Subsection (1) of Section 212 of the Constitution of the Federal Republic of Nigeria 1999 (as amended), and acting in accordance with the Advisory Council of State designated under Subsection (2) of the said Section, am graciously pleased to extend my mercy to the said thirty-six (36) convicts.

‘By this act, I remit and release unto them all pains, penalties, and punishments whatsoever that may have accrued from their convictions, and I hereby require all to whom it may concern to take due notice thereof.

‘AND FOR SO DOING, this shall be a sufficient warrant. Given under my hand and the Public Seal of Osun State, Nigeria, this 24th day of September, 2025.’

The beneficiaries of this Independence Day amnesty include men and women convicted mostly of minor offences such as stealing and conspiracy, many of whom had served substantial portions of their sentences.

List of convicts granted Independence Day Amnesty from Ilesa Correctional Centre are: Kehinde Ganiyu, Isiaka Mohammed, Oluwatosin Femi, Adebisi Adeniyi, Rotimi Paul, Oyewole Sunday, Ojo Adewale, Tajudeen Ridwan, Jokotola Quadri, Akinola Taofeek, Onibukun Adebisi, Azeez Afeez, Abdulgafar Quadri, Udoh Monday O., Babawale Saheed, Olasunkanmi Wasiu, Adetoro Toheeb, Mudashiru Lawal, Ismaila Wahab, Yinka Oyeniyi, Olaniyan Taofeek, Sheu Mumini, Ololade Bashit, Musibau Abdulkareem, Jamiu Sulaeeb, Jeremiah Ayuba, Abimbola Samad, Oladeji Tosin and Mathew Samuel.

Also, those granted amnesty from Ile-Ife Correctional Centre are: Yusuf Ola, Oyedeji Sunday, Ojo Olaoluwa, Ogunola Rafiu, Ayomide Amos, Usman Adefisan and Adedigba Abiodun,’ he concluded.

President Bola Ahmed Tinubu has assured Nigerians that the country is making significant progress in the fight against insecurity.

In a nationwide broadcast on Wednesday, the president stated that the armed forces and other security agencies have intensified operations against terrorism, banditry and violent crimes, stressing that their resilience is yielding positive results.

He noted that peace has returned to many previously troubled communities in the North-West and North-East, with thousands of displaced persons now resettled in their homes.

Tinubu described the sacrifices of security personnel as central to safeguarding the nation, adding that the government remains committed to strengthening national security as a foundation for economic recovery and development.

He also linked improved security to the administration’s broader reforms, saying that a safer environment was already contributing to stability and growth in key sectors of the economy.

The president assured that his government would continue to prioritise support for the military and security agencies in order to consolidate the progress made so far.

He said, ‘We are working diligently to enhance national security, ensuring our economy experiences improved growth and performance. The officers and men of our armed forces and other security agencies are working tirelessly and making significant sacrifices to keep us safe.

‘They are winning the war against terrorism, banditry and other violent crimes. We see their victories in their blood and sweat to stamp out Boko Haram Terror in North-East, IPOB/ESN terror in South East and banditry and kidnapping.

‘We must continue to celebrate their gallantry and salute their courage on behalf of a grateful nation. Peace has returned to hundreds of our liberated communities in North-West and North-East, and thousands of our people have returned safely to their homes.’

Former Ekiti State Governor, Chief Ayodele Fayose has showered encomiums on his longtime associate and political ally, Lere Olayinka, describing him as a ‘man of wisdom, loyalty and relevance’ in a heartfelt birthday tribute.

In a voice note made public in a WhatsApp group on Wednesday, Fayose praised Olayinka’s journey from modest beginnings in Okemesi to becoming a respected public figure and household name in Nigerian politics and media.

‘To a great man; young, diligent, submissive and determined whom God has raised from Okemesi. A man of stature and relevance. A man of wisdom who knows his onions,’ Fayose said.

The former governor, known for his outspoken political style, described Olayinka as a loyal aide and dependable defender who has consistently stood tall in the face of challenges.

‘From humble beginnings, you have expanded your coast, protected your name and risen to become a respected figure, all to the glory of God,’ he added. ‘There is no regret in working with you.’

Fayose also highlighted Olayinka’s role as a shining representative of the Osoko Political Family, acknowledging his service, resilience and faithfulness.

‘Your name has become a household name in Nigeria and there is no going back,’ he said. ‘This is only the beginning. The future is indeed bright.’

He concluded the message with a personal and symbolic endorsement, referring to Olayinka as ‘my boy, my son, my follower, my brother, my defender,’ and extended warm birthday wishes on behalf of the entire Osoko Political Family Worldwide.

‘Happy birthday and many happy returns,’ Fayose said.

Lere Olayinka currently serves as the Senior Special Assistant on Public Communication and Social Media to the FCT Minister, Nyesom Wike. He has long been a prominent media figure and political strategist, both in Ekiti State and across Nigeria’s political landscape.

Former Vice President Atiku Abubakar and leader of opposition in Nigeria has responded to a glowing speech delivered by President Bola Ahmed Tinubu on the occasion of the country’s 65th anniversary, saying ‘pot is not only empty but cracked – and the people remain hungry.’

Tinubu had earlier in the day spoke of ‘turning the corner,’ of laying foundations ‘in concrete and not on quicksand,’ and of supposed victories in education, healthcare, the economy, and national security.

Responding to the Independence Day presidential speech, Atiku, through a statement signed by his Special Assistant on Public Communications, Phrank Shuaibu, said: ‘The yam may be plentiful, but if the pot is empty, the stomach still rumbles.’

According to Shuaibu, the president cited the multiplication of schools since 1960, but in many places, pupils still sit on bare floors and write in dust, while teachers abandon classrooms because their salaries cannot buy food.

‘He boasted of more hospitals, but our mothers and fathers still carry candles, syringes, and drugs into wards before treatment can begin. ‘A man who builds many huts without roofs has only built shade for goats.’

On the economy, the statement said: ‘we were told of bold reforms. But Nigerians know the pain in their pockets. Food prices are higher than the rooftops, transport has swallowed incomes, and many families now eat less than one meal a day. If these are the ‘seeds’ of reform, then the fruit is still bitter. ‘When the roof is on fire, it is folly to declare the rain has quenched it.’

On security, Atiku’s statement remarked that Tinubu saluted the courage of armed forces and declared victories over terrorists, bandits, and kidnappers, but ‘Nigerians still sleep with one eye open, and families still pay ransom as if it were the daily price of garri.

‘Villages continue to bury their dead. Most tragically, just this week, we lost Somtochukwu, a young female news anchor with Arise TV, killed in a robbery attack in the early hours of Monday. Her death is a painful reminder that no one – not even the voices that bring us the news – is safe in today’s Nigeria. ‘A farmer cannot boast the bush is cleared while weeds still choke his yam.’

Continuing, the statement said: ‘We were told that billions have been disbursed to poor households. Nigerians ask simply: where? ‘If the yam was truly cooked, neighbours would perceive the aroma.’ Across the land, poverty still walks naked, and hunger knocks daily, yet the government sings of generosity that citizens cannot see or feel.

‘Our young people, the supposed ‘future,’ are promised wings to fly. But many graduates hawk sachet water or ride okada to survive. ‘You cannot tell a child to dream big while you steal the mat he sleeps on.’ Nigerian youth need real opportunities, not more applause lines.

‘Yes, 65 years is a long time. We have endured civil war, dictatorships, and crises. Nigerians are resilient – that much is true. But resilience must not be mistaken for endorsement. Our founding fathers dreamed of a land flowing with justice and opportunity. Today, the riverbed is dry for many, and only a privileged few fetch from the little water left.

‘A masquerade does not clap for itself; it is the crowd that cheers when the steps are sweet. Nigerians are not clapping, because the music they hear is hunger, insecurity, and despair. Statistics do not fill cooking pots, and PowerPoint slides do not light up homes.’

The former Vice President believed that as the country marks 65 years of independence, ‘the true measure of progress is not in the number of universities or the percentage of coal mined. It is in whether Nigerians have food on their tables, whether our children are truly learning, whether our hospitals heal the sick, and whether people can sleep safely in their homes.

‘Independence anniversaries are moments of sober reflection, not self-praise. If truly this administration is laying foundations, then let those foundations be seen and felt in working schools, in affordable food, in reliable power, and in secured communities. Let mothers in the market and fathers on the farm testify – not just politicians at the podium.

‘Nigeria is 65 years old. But our leaders still serve promises as though they were meals. The yam is there, but the pot remains empty.’

President Bola Ahmed Tinubu, in his Independence Day speech, said profound social, economic, and political challenges have tested Nigeria’s independence for decades, but the country has survived with tremendous progress across sectors, especially the country’s economy, which he said ‘has experienced significant growth since 1960.’

In this article, Tribune Online takes a look at five facts that reveal where the giant of Africa stands at 65.

1. Resilient economy

Despite storms of inflation and subsidy cuts, Nigeria’s GDP grew by 3.13% year-on-year in Q1 2025, proving its ability to bounce back.

2. Lagos shines as Africa’s second-largest city economy

With a GDP of US$259.75 billion in 2023, Lagos is only behind Cairo, cementing its role as Nigeria’s commercial nerve centre.

3. Nigeria remains Africa’s most populous nation

With over 226 million people, Nigeria holds immense human capital – a young, energetic population that is both its strength and its future.

4. Poverty in rural Nigeria: 75.5%

According to the World Bank’s April 2025 Poverty and Equity Brief, 75.5% of rural Nigerians now live below the poverty line, compared to 41.3 % in urban areas

5. Security threats affect everyday life

Over 150 million Nigerians live under the shadow of insecurity – from farmers who cannot till their land to families displaced by violence.

Peoples Democratic Party (PDP) Advocates for Peace and Justice has thrown its weight behind the dissolution of the Aniekan Akpan-led executive committee of the party in Akwa Ibom, describing the action of the National Executive Committee (NEC) as constitutional and necessary to restore discipline.

In a strongly worded statement signed by its Chairman, Dr Tom FredFish, the group said the Akpan-led exco left the party ‘in shambles,’ presiding over ‘mass defections, endless division, and the unprecedented exit of a sitting governor in the party’s history.’

They maintained that the NEC and National Working Committee (NWC) acted within their constitutional powers to dissolve the state exco, stressing that the appointment of Hon.

Igwat Umoren as caretaker chairman was a ‘rescue mission’ aimed at rebuilding confidence among party members.

‘The caretaker team is here to clean up the mess, restore discipline, and rebuild goodwill. Only enemies of progress would oppose such a move,’ the statement read.

On criticisms against former Governor Udom Emmanuel, the group dismissed allegations that he mortgaged the PDP, insisting he remained a loyal party man who ‘stood firmly by the PDP when others were auctioning their loyalty to the highest bidder.’

The PDP Advocates also accused those defending the sacked exco of working in the interest of the All Progressives Congress (APC), declaring that the ruling party had ‘ruined the economy, crashed the naira, and strangled Nigerians with poverty.’

The statement concluded that Akwa Ibom PDP had ‘entered a new era’ under the caretaker committee, pledging continued support for reforms that promote unity and inclusivity in the party.

Labour Party presidential candidate in the 2023 election, Mr. Peter Obi, has accused President Bola Ahmed Tinubu’s administration of worsening poverty and hardship in Nigeria, saying that over 15 million citizens have been pushed into acute poverty in just one year.

In a statement titled ‘A Great Nigeria is Still Possible’ issued on Wednesday to mark Nigeria’s 65th Independence Anniversary, Obi said the country has drifted under the All Progressives Congress (APC), which he described as ‘incompetent, divisive, and corrupt.’

‘Today, the picture is bleak. Our total debt stands at about N175 trillion, nearly 50 percent of GDP, without any improvement in productive sectors. Nigeria has fallen to the fourth-largest economy in Africa, behind South Africa, Egypt, and Algeria.

‘Our democracy is now described as ‘undemocratic.’ In just one year, this administration pushed over 15 million Nigerians into acute poverty. Today, more than 150 million Nigerians lack access to basic healthcare, education, water, and sanitation,’ he said.

The former Anambra State governor criticised the government for reckless borrowing, heavy taxation of citizens, and alleged wasteful spending on luxury items while basic needs remain neglected.

‘This government taxes struggling citizens and small businesses heavily, while indulging in extravagance. Billions are spent on new presidential jets, yachts, and luxury cars that cost more than the entire 2024 budget for primary healthcare,’ Obi stated.

He added that insecurity and corruption have deepened Nigeria’s economic woes, leaving citizens in fear and discouraging investors.

‘Insecurity has further crippled our economy. Nigerians now live in fear of travelling by road. Kidnapping has become rampant, with billions paid in ransom. Incompetence in security management has turned our country into one of the most terrorised and unsafe nations in the world.

‘Cronyism, corruption, and disregard for the rule of law have scared away investors, while other African nations overtake us as preferred investment destinations.’

As the nation’s celebrates her 65th anniversary on October 1, this year, stakeholders have warned that such celebrations should be done cautiously, since the state of the nation’s economy still calls for sober reflection.

The stakeholders, comprising the Manufacturers Association of Nigeria (MAN); Association of Small Business Owners of Nigeria (AS BON) and Lagos Chamber of Commerce and Industry (LCCI); have therefore charged the government on the need to intensify efforts at easing the reforms-induced pains individuals and businesses have continued to endure in the past two years.

They argued that, while there seems to be some form of positives in the fact that the non-oil sector of the economy, unlike in the past, now contributes significantly to the nation’s Gross Domestic Product (GDP), they are however of the opinion that the real sector, such as Manufacturing, which should have been the major driver of the nation’s economic growth has not been able to perform such role, due to a myriad of challenges, ranging from inflation, to high interest rates, huge electricity rates, and diminishing consumer purchasing power, among others, facing the sector.

For instance, in his review of the performance of the sector in 2024, the President, Manufacturers Association of Nigeria (MAN), Mr. Francis Meshioye, believed the sector was not able to contribute maximally to the nation’s GDP, due to different macro-economic and infrastructural challenges facing it, during the period under review.

For instance, manufacturing’s share of the economy dropped significantly from 16.04 per cent in Q4 2023 to 12.68 per cent in Q2 2024, indicating a contraction in economic activity within the sector.

‘In 2024, Nigeria’s manufacturing encountered a myriad of macroeconomic and infrastructural challenges that severely impacted its performance. The sector faced mounting pressure from high inflation, a depreciating Naira, rising interest rates, escalating electricity tariffs, record low sales, multiplicity of taxes and levies and militating security concerns, which affected profitability and hindered the sector’s contribution to the nation’s GDP,’ he stated.

On inflation, the MAN boss described as alarming, the 34.6 per cent inflation figure recorded in November 2024, a development, he argued, diminished consumers’ purchasing power and caused a decline in demand for manufactured goods.

According to him, another of the consequences of all these, was the huge unsold inventory of N1.4 trillion, recorded across companies in the sector, during the period.

Meshioye also identified the steep decline in the value of the Naira, from N666/$ in mid 2023 to over N1700/$ by mid-2024, due to the floating of the exchange rate, as another major factor for the sector’s non-performance in 2024.

He noted that the interest rate figure at 27.7 percent, recorded by November 2024, also made it difficult for operators in the sector to access financing for expansion, since it raised borrowing cost for expansion and modernisation; thereby limiting, severely, the potential for investment in the sector, impeding long-term growth prospects.

Interestingly, one challenge that seems intractable in the sector remains the issue of high electricity tariff. A drastic rise in electricity tariffs by over 250 per cent, manufacturers complained, have made energy costs become one of the highest operating expenses for businesses in the sector in 2024.

In a bid to remain in business, they argued, manufacturers now seek alternative energy sources, a development that has further strained their financial resources and complicate their ability to remain competitive.

Speaking in this same vein, the President of the Association of Small Business Owners of Nigeria, Dr. Femi Egbesola, noted that the impact of the reforms on small businesses, in the past two years, had been very negative, since over 2 million businesses had shut down over the period due to the reforms.

He added that small businesses had also continued to groan under the heavy burden of multiplicity of taxes. Egbesola, however expressed the optimism that the new tax reforms, expected to kickoff in January next year, would serve as a form of relief to small businesses.

‘A lot of things will change for good. And if nano, micro and small businesses which form about 96 percent of businesses that we have in Nigeria, are positively impacted by these tax reforms, it would also impact the economy, positively,’ he stated.

He said part of the survival strategies adopted by operators in the sector, has been the decision to leverage the opportunities presented by the African Continental Free Trade Agreement (AfCFTA) to enhance their fortunes.

‘We are beginning to look at how we can be innovative in the way we run our business. That is why you see some of us involved in exports, especially non-oil export. We are also leveraging AfCFTA, ECOWAS and technology to be able to survive at this time,’ he stated.

While expressing the optimism that, with time, businesses would begin to reap the fruits of the reform, he however charged government on the need to begin to think of how to give soft landing to small businesses by cushioning the effects of those reforms.on their operations.

In its review, the Lagos Chamber of Commerce and Industry LCCI expressed the delight that key indicators are showing some positive trends, with GDP growth accelerating to 4.23 percent in Q2, of this year; and headline inflation gradually easing, to 2012 percent as of August.

The Chamber, however , called for sober reflection on the state of the nation’s economy, and the business environment , since sustained reforms still remained imperative to unlocking the country’s full potential.

‘At 65, Nigeria stands at a pivotal juncture. We need to deepen structural reforms that ease the cost of doing business. With the benchmark rate still as high as 27%, weak power supply, high energy costs, and an expensive exchange rate for critical imports, businesses are operating in a harsh business environment.

‘We must prioritise infrastructure investments, particularly in power, logistics, and broadband. We need critical infrastructure upgrades to support innovation, digital transformation, and industrialization,’ it added.

Former North West Vice Chairman of the All Progressives Congress (APC) and now a chieftain of the African Democratic Congress (ADC) in Kaduna State, Salihu Lukman, has said the African Democratic Congress (ADC) cannot defeat the ruling All Progressives Congress (APC) in Kaduna the way the coalition party is currently being run.

He, therefore, pleaded with the likes of Malam Nasir El-Rufa’i, Ja’afaru Sani, Bashir Sa’idu and others to retrace their steps and unite.

In a statement he personally signed and issued to newsmen in Kaduna to mark the 65th anniversary of the country’s independence, the ADC chieftain noted that the ADC in the state is only building a party whose business is limited to producing candidates.

‘Instead of working to build the party, we are setting ourselves to produce a party whose business will be limited to presenting candidates for elections.

‘People with ambition to contest elections have become restless and want to dominate the process of developing the structures of the party to the exclusion of their opponents.

‘The madness of controlling structures of ADC is the biggest threat before us. For whatever reason, those of us who want the ADC to be an equal opportunity party are being condemned.

‘Sadly, some of our leaders, instead of providing fair leadership, are taking sides with strengthening aspiring candidates for the 2027 elections across the state to the exclusion of others.

‘I want to use the opportunity of this independence anniversary to appeal to all of us to stop this madness of trying to take over the structures of ADC and control it to the exclusion of so-called opponents.

‘If ADC is to emerge as a strong party capable of defeating the APC in Kaduna State, we must agree to work together. Anybody who is not ready to work as part of a united opposition in Kaduna State is consciously or unconsciously working for the APC.

‘I am making this strong appeal with a very deep feeling of disappointment that we are recklessly mismanaging an opportunity to provide the needed leadership to our people.

‘In particular, I want to appeal to Mal. Nasir El-Rufai, Mal. Ja’afaru Sani and Alh. Bashir Sa’idu, as the opposition leader in Kaduna State, to please stop encouraging the madness of aspiring candidates seeking to take over the structures of ADC to the exclusion of so-called opponents.

‘At individual level, I have tried to talk to those I can talk to. Unfortunately, I must also admit that I have failed in many respects. The fact that we have Sen. Musa Bello aggressively seeking to control the structures of ADC in Zone 2 is a reflection of my failure. Largely because I am, in recent times, associated with Sen. Musa Bello, Sen. Lawal Adamu (Mr La) has avoided all my requests to meet him.

‘I have met Mal. Ja’afaru Sani on this matter. We have had some discussions with Mal. Nasir. Sincerely, I am saddened by the fact that we are not united, and the perception is that I am part of the problem.

‘As a citizen from Kaduna State, I am willing to make every necessary sacrifice to move our state forward. I have no ambition to contest the election. Without sounding immodest, I made every sacrifice to contribute to forming the coalition and negotiating the agreement with ADC.

‘May I therefore appeal to Mal. Nasir and all our leaders to please seek to unite all of us. It is only if we are united in ADC that we will be able to unite our people in the state to defeat the APC in 2027.

‘We must bear in mind, it is not just about defeating APC but more about producing a government controlled by our party (ADC) based on collective leadership.

‘We need to put an end to the era when we produce emperors as Governors. Anything short of producing a government managed by collective leadership under ADC will be unacceptable.’

President Bola Tinubu says his administration has achieved 12 remarkable economic milestones in just over two years, driven by sound fiscal and monetary policies.

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ýSpeaking during a televised broadcast marking Nigeria’s 65th Independence anniversary, the president said his reforms were now delivering tangible results.

ýHe said: ‘Under our leadership, our economy is recovering fast, and the reforms we started over two years ago are delivering tangible results.

‘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.’

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ýTinubu said Gross Domestic Production (GDP) growth, inflation, agricultural production, and food security indicators were all showing positive trends.

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ý’The second quarter 2025 Gross Domestic Product grew by 4.23%-Nigeria’s fastest pace in four years-and outpaced the 3.4 per cent projected by the International Monetary Fund.

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ý’Inflation declined to 20.12 per cent in August 2025, the lowest level in three years.

‘The administration is working diligently to boost agricultural production and ensure food security, reducing food costs,’Tinubu added.

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ýHe further revealed that Nigeria had surpassed its 2025 non-oil revenue target of N20 trillion by August.

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ýThe president said: ‘We have attained a record-breaking increase in non-oil revenue, achieving the 2025 target by August with over ?20 trillion.

‘In September 2025 alone, we raised ?3.65 trillion-411 per cent higher than in May 2023.’

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ýTinubu said there was a major drop in the debt service-to-revenue ratio from 97 per cent to under 50 per cent, easing pressure on public finances.

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ýHe said the controversial petroleum subsidy removal had freed trillions of Naira for real-sector investments and pro-poor social programmes.

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ýExternal reserves, he added, had surged to $42.03 billion in September 2025-Nigeria’s highest since 2019.

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ýOn tax reforms, the president said the focus was on broadening the tax base without overburdening existing payers.

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ýHe said: ‘Our tax-to-GDP ratio had 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.

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ý’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.’

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ýTinubu highlighted Nigeria’s trade surplus for five consecutive quarters as proof that economic diversification wad taking root.

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ýOn oil, he said, daily production rose to 1.68 million barrels from about one million in May 2023, due to improved security and fresh investments.

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ýHe added that Nigeria is now refining PMS (fuel) domestically for the first time in 40 years and leads Africa in aviation fuel exports.

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ýTinubu said the Naira had stabilised following the elimination of multiple exchange rates, which previously fuelled corruption.

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ýThe president said N330 billion had been disbursed under the Social Investment Programme to eight million households receiving ?25,000 in one or two tranches.

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ýHe added that the solid minerals sector, particularly coal mining, is now contributing significantly to GDP.

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ýOn infrastructure, he said, transport networks were expanding rapidly across the country.

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ý’Rail and water transport grew by over 40% and 27 per cent ,respectively. The 284-kilometre Kano-Katsina-Maradi Standard Gauge rail and Kaduna-Kano rail are nearing completion.

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ý’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,’ he said.

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ýTinubu said international credit rating agencies had upgraded Nigeria’s outlook, citing improved economic fundamentals.

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ý’Our stock market is experiencing an unprecedented boom, rising from an all-share index of 55,000 points in May 2023 to 142,000 points as of September 26, 2025,’the president said.

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ýHe revealed that the Central Bank of Nigeria at its last MPC meeting slashed interest rates for the first time in five years, reflecting confidence in macroeconomic stability.

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ýOn security, Tinubu said the government remains focused on enhancing national safety and defeating insurgency to create an enabling environment for economic growth.