President Bola Ahmed Tinubu has declared that Nigeria has “stabilised and is moving forward again” as his administration marks three years in office on May 29, 2026.
President Tinuubu disclosed that difficult reforms have been undertaken since 2023 like the removal of petrol subsidy, unification of exchange rates, and fiscal restructuring which were necessary to prevent fiscal collapse. He noted the subsidy regime alone consumed ₦18.4 billion daily, over ₦4 trillion in 2022, while forex distortions cost the nation more than ₦8 trillion in three years.
He also highlighted visible progress across the economy. The stock market’s All Share Index rose from 53,000 with ₦30 trillion capitalisation in 2023 to 250,000 and ₦160 trillion in 2026. Over 2,700km of highways and major roads are under construction, including Lagos-Calabar Coastal Highway and Sokoto-Badagry Super Highway. The $5 billion NLNG Train 7 is nearing completion, local refining capacity has improved, and the power sector is receiving fresh investment to clear debts and expand the grid.
On social interventions,the President said the Nigerian Education Loan Fund has supported 1.5 million students with ₦282 billion, the Renewed Hope Housing Programme is delivering 10,000+ units across 14 states and FCT, and agricultural support is reaching millions of farmers. He also added that security operations have made many highways and communities safer, while telecoms and digital infrastructure investments are widening access and creating jobs for youth.
“History tests nations before it elevates them. Nigeria is passing through such a test,” he stated, urging Nigerians to reject cynicism and division, maintain faith in the country, and work together for a secure, prosperous, and inclusive nation.