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Tinubu’s full speech as Nigeria marks 65th independence anniversary
NATIONAL BROADCAST BY HIS EXCELLENCY BOLA AHNED TINUBU, GCFR, PRESIDENT OF THE FEDERAL REPUBLIC OF NIGERIA ON THE 65TH INDEPENDENCE ANNIVERSARY OF NIGERIA, OCTOBER 1, 2025
Fellow Nigerians,
Today marks the 65th anniversary of our great nation’s Independence. As we reflect on the significance of this day and our journey of nationhood since October 1, 1960, when our founding fathers accepted the instruments of self-government from colonial rule, let us remember their sacrifice, devotion, and grand dream of a strong, prosperous, and united Nigeria that will lead Africa and be the beacon of light to the rest of the world.
Our founding heroes and heroines—Herbert Macaulay, Dr Nnamdi Azikiwe, Sir Abubakar Tafawa Balewa, Chief Obafemi Awolowo, Sir Ahmadu Bello, Margaret Ekpo, Anthony Enahoro, Ladoke Akintola, Michael Okpara, Aminu Kano, Funmilayo Ransome-Kuti, and other nationalists—believed it was Nigeria’s manifest destiny to lead the entire black race as the largest black nation on earth.
For decades, the promise of our Independence has been tested by profound social, economic, and political challenges, and we have survived. While we may not have achieved all the lofty dreams of our forebearers, we have not strayed too far from them. In 65 years since our Independence, we have made tremendous progress in economic growth, social cohesion, and physical development. Our economy has experienced significant growth since 1960.
Although, it is much easier for those whose vocation is to focus solely on what ought to be, we must recognise and celebrate our significant progress. Nigerians today have access to better education and healthcare than in 1960. At Independence, Nigeria had 120 secondary schools with a student population of about 130,000. Available data indicate that, as of year 2024, there were more than 23,000 secondary schools in our country. At Independence, we had only the University of Ibadan and Yaba College of Technology as the two tertiary institutions in Nigeria. By the end of last year, there were 274 universities, 183 Polytechnics, and 236 Colleges of Education in Nigeria, comprising Federal, State, and private institutions. We have experienced a significant surge in growth across every sector of our national life since Independence – in healthcare, infrastructure, financial services, manufacturing, telecommunications, information technology, aviation and defence, among others.
Our country has experienced both the good and the bad times in its 65 years of nationhood, as is normal for every nation and its people. We fought a bitter and avoidable civil war, experienced military dictatorships, and lived through major political crises. In all these, we weathered every storm and overcame every challenge with courage, grit, and uncommon determination. While our system and ties that bind us are sometimes stretched by insidious forces opposed to our values and ways of life, we continue to strive to build a more perfect union where every Nigerian can find better accommodation and find purpose and fulfilment.
Fellow Compatriots, this is the third time I will address you on our independence anniversary since I assumed office as your President on May 29, 2023. In the last 28 months of my administration, like our founding fathers and leaders who came before me, I have committed myself irrevocably to the unfinished nation-building business.
Upon assuming office, our administration inherited a near-collapsed economy caused by decades of fiscal policy distortions and misalignment that had impaired real growth. As a new administration, we faced a simple choice: continue business as usual and watch our nation drift, or embark on a courageous, fundamental reform path. We chose the path of reform. We chose the path of tomorrow over the comfort of today. Less than three years later, the seeds of those difficult but necessary decisions are bearing fruit.
In resetting our country for sustainable growth, we ended the corrupt fuel subsidies and multiple foreign exchange rates that created massive incentives for a rentier economy, benefiting only a tiny minority. At the same time, the masses received little or nothing from our Commonwealth. Our administration has redirected the economy towards a more inclusive path, channelling money to fund education, healthcare, national security, agriculture, and critical economic infrastructure, such as roads, power, broadband, and social investment programmes. These initiatives will generally improve Nigerians’ quality of life. As a result of the tough decisions we made, the Federal and State governments, including Local Governments, now have more resources to take care of the people at the lower level of the ladder, to address our development challenges.
Fellow Nigerians, we are racing against time. We must build the roads we need, repair the ones that have become decrepit, and construct the schools our children will attend and the hospitals that will care for our people. We have to plan for the generations that will come after us. We do not have enough electricity to power our industries and homes today, or the resources to repair our deteriorating roads, build seaports, railroads, and international airports comparable to the best in the world, because we failed to make the necessary investments decades ago. Our administration is setting things right.
I am pleased to report that we have finally turned the corner. The worst is over, I say. Yesterday’s pains are giving way to relief. I salute your endurance, support, and understanding. I will continue to work for you and justify the confidence you reposed in me to steer the ship of our nation to a safe harbour.
Under our leadership, our economy is recovering fast, and the reforms we started over two years ago are delivering tangible results. 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. Inflation declined to 20.12% 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.
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:
We have attained a record-breaking increase in non-oil revenue, achieving the 2025 target by August with over N20 trillion. In September 2025 alone, we raised N3.65 trillion, 411% higher than the amount raised in May 2023.
We have restored Fiscal Health: Our debt service-to-revenue ratio has been significantly reduced from 97% to below 50%. We have paid down the infamous “Ways and Means” advances that threatened our economic stability and triggered inflation. Following the removal of the corrupt petroleum subsidy, we have freed up trillions of Naira for targeted investment in the real economy and social programmes for the most vulnerable, as well as all tiers of government.
We have a stronger foreign Reserve position than three years ago. Our external reserves increased to $42.03 billion this September—the highest since 2019.
Our tax-to-GDP ratio has 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. 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.
We are now a Net Exporter: Nigeria has recorded a trade surplus for five consecutive quarters. We are now selling more to the world than we are buying, a fundamental shift that strengthens our currency and creates jobs at home. Nigeria’s trade surplus increased by 44.3% in Q2 2025 to ₦7.46 trillion ($4.74 billion), the largest in about three years. Goods manufactured in Nigeria and exported jumped by 173%. Non-oil exports, as a component of our export trade, now represent 48 per cent, compared to oil exports, which account for 52 per cent. This signals that we are diversifying our economy and foreign exchange sources outside oil and gas.
Oil production rebounded to 1.68 million barrels per day from barely one million in May 2023. The increase occurred due to improved security, new investments, and better stakeholder management in the Niger Delta. Furthermore, the country has made notable advancements by refining PMS domestically for the first time in four decades. It has also established itself as the continent’s leading exporter of aviation fuel.
The Naira has stabilised from the turbulence and volatility witnessed in 2023 and 2024. The gap between the official rate and the unofficial market has reduced substantially, following FX reforms and fresh capital and remittance inflows. The multiple exchange rates, which fostered corruption and arbitrage, are now part of history. Additionally, our currency rate against the dollar is no longer determined by fluctuations in crude oil prices.
Under the social investment programme to support poor households and vulnerable Nigerians, N330 billion has been disbursed to eight million households, many of whom have received either one or two out of the three tranches of the N25,000 each.
Coal mining recovered dramatically from a 22% decline in Q1 to 57.5% growth in Q2, becoming one of Nigeria’s fastest-growing sectors. The solid mineral sector is now pivotal in our economy, encouraging value-added production of minerals extracted from our soil.
The administration is expanding transport infrastructure across the country, covering rail, roads, airports, and seaports. Rail and water transport grew by over 40% and 27%, respectively. The 284-kilometre Kano-Kastina-Maradi Standard Gauge rail project and the Kaduna-Kano rail line are nearing completion. 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.
The world is taking notice of our efforts. Sovereign credit rating agencies have upgraded their outlook for Nigeria, recognising our improved economic fundamentals. Our stock market is experiencing an unprecedented boom, rising from an all-share index of 55,000 points in May 2003 to 142,000 points as of September 26, 2025.
At its last MPC meeting, the Central Bank slashed interest rates for the first time in five years, expressing confidence in our country’s macroeconomic stability.
SECURITY:
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.
YOUTH:
I have a message for our young people. You are the future and the greatest assets of this blessed country. You must continue to dream big, innovate, and conquer more territories in your various fields of science, technology, sports, and the art and creative sector. Our administration, through policies and funding, will continue to give you wings to fly sky-high. We created NELFUND to support students with loans for their educational pursuits. Approximately 510,000 students across 36 states and the FCT have benefited from this initiative, covering 228 higher institutions. As of September 10, the total loan disbursed was N99.5 billion, while the upkeep allowance stood at N44.7 billion.
Credicorp, another initiative of our administration, has granted 153,000 Nigerians N30 billion affordable loans for vehicles, solar energy, home upgrades, digital devices, and more.
YouthCred, which I promised last June, is a reality, with tens of thousands of NYSC members now active beneficiaries of consumer credit for resettlement.
Under our Renewed Hope Agenda, we promised to build a Nigeria where every young person, regardless of background, has an equitable opportunity to access a better future—thus, the Investment in Digital and Creative Enterprises (iDICE) programme. The Bank of Industry is driving the programme, in collaboration with the African Development Bank, the French Development Agency, and the Islamic Development Bank. This initiative is at the cusp of implementation. Over the last two years, we have collaborated with our partners to launch the programme, supporting our young builders and dreamers in the technology and creative sectors.
A MESSAGE OF HOPE
Fellow Nigerians, I have always candidly acknowledged that these reforms have come with some temporary pains. The biting effects of inflation and the rising cost of living remain a significant concern to our government. However, the alternative of allowing our country to descend into economic chaos or bankruptcy was not an option. Our macro-economic progress has proven that our sacrifices have not been in vain. Together, we are laying a new foundation cast in concrete, not on quicksand.
The accurate measure of our success will not be limited to economic statistics alone, but rather in the food on our families’ tables, the quality of education our children receive, the electricity in our homes, and the security in our communities. Let me assure you of our administration’s determination to ensure that the resources we have saved and the stability we have built are channelled into these critical areas. Today, the governors at the state level, and the local government autonomy are yielding more developments.
Therefore, on this 65th Anniversary of Our Independence, my message is hope and a call to action. The federal government will continue to do its part to fix the plumbing in our economy. Now, we must all turn on the taps of productivity, innovation, and enterprise, just like the Ministry of Interior has done with our travel passports, by quickening the processing. In this regard, I urge the sub-national entities to join us in nation-building. Let us be a nation of producers, not just consumers. Let us farm our land and build factories to process our produce. Let us patronise ‘Made-in-Nigeria’ goods. I say Nigeria first. Let us pay our taxes.
Finally, let all hands be on deck. Let us believe, once more, in the boundless potential of our great nation.
With Almighty God on our side, I can assure you that the dawn of a new, prosperous, self-reliant Nigeria is here.
Happy 65th Independence Anniversary, and may God continue to bless the Federal Republic of Nigeria.
Amen.
Bola Ahmed Tinubu, GCFR
President and Commander-In-Chief of the Armed Forces of the Federal Republic of Nigeria,
Presidential Villa,
Abuja.
The wives of the five engineers allegedly murdered in Ebonyi State yesterday rejected the comments attributed to the Minister of Works, Dave Umahi, on the development, describing it as an attempt to “sweep the truth under the carpet”. The group renewed calls for an independent reinvestigation into the case.
Nelson Onyemeh, Ernest Edeani, Ikechukwu Ejiofor, Samuel Aneke, and Stanley Nwazulum were reportedly kidnapped in November 2021 while supervising construction work on the Abakaliki Ring Road project.
The protesting women, whose husbands were consultants with NELAN Engineering firm, accused authorities of inconsistencies, interference, and a possible cover-up in the handling of the case, which dates back to November 3, 2021.
In a statement, Mrs. Patricia Onyemeh, Mrs. Lovette Edeani, Mrs. Ifeoma Ejiofor, Mrs. Esther Aneke, and Mrs. Nwazulum faulted Umahi’s claim that the engineers were victims of a communal crisis, as they insisted no such conflict occurred at the time.
They said: “The characterisation of the disappearance of the five engineers as a consequence of communal crisis is completely outrageous, misconceived, and flawed.” The engineers, according to the families, travelled to Ebonyi for an official meeting linked to the African Development Bank-funded ring road project when Umahi was governor.
They said: “Credible accounts indicate that our husbands were last seen in connection with official engagements tied to the Ebonyi Ring Road project. “This raises serious questions as to whether the incident can be fairly reduced to communal violence.”
They further alleged that while investigations were ongoing, Umahi announced that the engineers had been killed and buried, a move they said raised “serious suspicions”. The women said: “This announcement by a sitting governor, while security agencies were still tracking movements, raises grave concerns.”
The women also questioned the sudden removal of a Department of State Services (DSS) investigator, Victor Onyesom, who was reportedly handling the case.
They further accused the police of presenting unidentified skeletal remains to the families without conducting DNA tests. The group said: “The police claimed the remains were those of our husbands, but refused DNA testing.
You risk getting into trouble if you by any means, join in spreading the rumour that Tony O. Elumelu, because it is manifestly false, United Bank for Africa, one of the establishments of the popular Nigerian business mogul, warned on Monday.
Against the backdrop of rumours spreading across the social media, the bank rejected the claims as fake and damaging, saying at no time did the industrialist and Chairman of the Heirs Holdings, divorce his wife, Awele Vivien Elumelu.
The bank, in a statement, which also described the story as also defamatory, and malicious publication, the statement said: “These statements and all similar content are entirely fabricated, reckless, and without basis. The claims are a deliberate falsehood designed to mislead the public and cause reputational harm.”
Stressing that the matter had been reported to law enforcement authorities, the statement, signed by Alero Ladipo, confirmed that three people linked to the publication had been arrested.
Naming those involved in spreading the rumour as Mr Kingsley Akunemeihe (@Directorkem), Mr Chigozie Success Ihebom, and Mr John Surpruchi Nwanorue (@problemchimky), the bank informed that investigations were ongoing and could lead to more arrests and prosecutions.
The statement added: “Investigations are ongoing and are expected to lead to further arrests and prosecutions of all persons involved in originating, amplifying, or sustaining this defamatory campaign. This serves as a formal notice to all individuals, platforms, and entities involved in the publication, reposting, or continued dissemination of this content to immediately cease and desist.
“Failure to comply will result in the initiation of legal proceedings, including claims for defamation, injunctive relief, damages, and any other remedies available under applicable law.
“The UBA Group is resolute in protecting the reputation, privacy, and integrity of our brand, that of Mr. Elumelu and will pursue all necessary legal avenues — civil and criminal — to ensure that all responsible parties are identified and held accountable.”
Abdulrahman Mohammad, National Chairman of the Peoples Democratic Party (PDP), belonging to the camp of Nyesom Wike, Minister of the Federal Capital Territory (FCT), all but scoffed at the 13-member Interim National Working Committee (INWC), raised by the party’s Board of Trustees (BoT) as a non-event.
In a statement, shortly after the committee was announced by Adolphus Wabara, PDP BoT Chairman, Mohammed dismissed claims upon which the body rested its decision after its 103rd National Executive Committee (NEC), describing the development as illegitimate and misleading.
The embattled party boss, who conveyed his position through, Jungudo Mohammed, spokesman of the camp, said: “The PDP wishes to categorically state that no such meeting was convened by the leadership of the party. Consequently, any resolutions, announcements, or claims emanating from that gathering are null, void, and of no effect.”
Stressing the irony in individuals he claimed previously opposed the idea of a caretaker committee, now embracing it, he said every NEC meeting must be preceded with due notification to the Independent National Electoral Commission to be valied.
Hear him: “Even if, for the sake of argument, they possessed the legal authority to convene such a meeting (which they do not), they have once again failed to comply with the provisions of the Electoral Act 2026.
“Specifically, the mandatory requirement to give the Independent National Electoral Commission (INEC) a minimum of 21 days’ notice for such a meeting was blatantly ignored. There is no evidence of compliance, nor was INEC in attendance as required by law. This alone renders their actions null and void.”
Mohammed questioned the authority of the BoT, a mere advisory body to raise the 13-man committee led by Taminu Turaki, saying such a move ran against the grains of the PDP constitution, urging relevant regulatory bodies to examine the conduct of those involved, particularly members of the senior bar.
Describing the development as part of a pattern, the party said the alleged NEC meeting was a continuation of earlier failed attempts to create confusion within its ranks.
His words: “We therefore call on all party members, stakeholders, and the general public to completely disregard this illegitimate assembly and its outcomes. It has no constitutional basis, no legal standing, and no binding authority whatsoever.
“The PDP remains committed to upholding its constitution, the rule of law, and democratic principles under the able leadership of Abdulrahman Mohammad and Senator Samuel N. Anyawu.”
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