UPDATED: Independence Anniversary: Tinubu reels out government’s economic successes
He noted that the government has been able to curb oil theft significantly, drive down inflation, which has sparked one of the worst cost-of-living crises in the nation’s history, report record non-oil revenue (over $6 billion in 2025) and stabilise the foreign exchange.
He said the Nigerian economy has grown by over 4 per cent, oil theft is down, inflation has fallen, and foreign reserves have been rebuilt.
In August, global ratings agency Moody’s upgraded its outlook for Nigeria to “positive” from “stable” in response to the country’s stronger external position, notably its FX reserves.
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