Nigeria Has Stabilized With Me In Charge – Tinubu

President Bola Tinubu has said that the sacrifices of Nigerians over three years of sweeping economic reforms have not been in vain. He recently had his say via a press statement to mark his third year in office on May 29, 2026, and Nigerians have been reacting.

Thanking Nigerians for bearing the cost of the unavoidable structural adjustments, BAT acknowledged the pressures of his reforms on families, workers and young people, insisting that the foundation for national recovery has already been laid.

The president added that under his administration, he can say with all confidence that Nigeria has stabilized.

His words, “I remain deeply conscious of those sacrifices, and I assure you: your sacrifice has not been in vain.

And today, I can say with confidence that Nigeria has stabilised and is moving forward again.

When this administration assumed office, our nation faced profound economic and structural difficulties.

Mounting fiscal pressures, unsustainable fuel subsidies, declining revenues, exchange-rate distortions, rising debt-servicing costs, insecurity in several parts of the country, energy supply constraints, and declining public confidence in institutions all threatened our progress.

At the height of the subsidy regime, Nigeria was spending as much as N18.4bn daily to sustain petrol subsidies, over N4tn in 2022 alone, resources that could have been invested in roads, healthcare, education, housing, and critical infrastructure.

Multiple exchange rate windows and forex arbitrage created massive distortions, with Nigeria losing more than N8tn over three years to rent-seeking and speculative practices.

The situation demanded urgent and courageous action. Difficult but necessary decisions had to be taken to stabilise the economy and prevent a deeper national crisis.

The easy choices would have been politically convenient. But leadership demands courage, especially when the right decisions are difficult.

Had we refused to act, our nation would have drifted toward fiscal breakdown, worsening poverty, and severe economic uncertainty. Together, we chose reform over ruin and decisiveness over hesitation. We chose long-term national recovery over short-term comfort.

These decisions came with sacrifice. The rising cost of living triggered by our measures placed enormous pressure on families, workers, and businesses.

Young people searching for jobs felt discouraged. Many questioned whether these difficult decisions would lead to a better future.

Public finances are improving. States and local governments have greater resources to invest in their people. Investor confidence is growing.

The stock market is booming, with the All Share Index rising from 53,000 and market capitalisation of N30tn in 2023 to a record All Share Index of 250,000 and market capitalisation of N160tn this year. Companies are declaring record profits and dividends.

Critical infrastructure projects are advancing at an unprecedented scale. Over 2,700 kilometres of highways and major roads are under construction, reconstruction, or rehabilitation.

Significant sections are already completed or nearing completion, improving transportation, reducing travel time, boosting regional trade, and creating thousands of jobs.

Rail modernisation projects are ongoing to improve connectivity, logistics, and economic integration across the federation.

The reforms we instituted have attracted billions of dollars in fresh investment from the international oil companies that had shunned our country.

The $5bn NLNG Train 7 project is nearing completion to boost LNG production capacity, exports, and dividends.

Domestic gas utilisation is expanding. Local refining capacity has improved our energy security.

The Nigerian Education Loan Fund has provided over 1.5 million students with access to higher education, disbursing more than N282bn to ensure that no willing student is denied access due to financial hardship.

Our Renewed Hope Housing Programme, along with that of the Federal Housing Authority, is delivering over 10,000 housing units across 14 states and the FCT, creating over 300,000 jobs and expanding access to affordable housing.

For years, the power sector suffered from debt, underinvestment, and uncertainty, which weakened generation capacity and limited growth.

Today, we are confronting those challenges directly. Our administration is clearing legacy obligations, expanding transmission infrastructure, investing in renewable energy, and strengthening the national grid because no modern economy can grow in darkness.”

WOW.