President Tinubu Marks Two Years In Office, Pledges Brighter Future For Nigerians
•By Admin
ABUJA – President Bola Ahmed Tinubu on Thursday assured Nigerians of his unwavering commitment to laying the groundwork for a more prosperous and secure nation, as he marked the second anniversary of his administration.
In a message to Nigerians on commemorating the milestone, Tinubu highlighted the strides made under his Renewed Hope Agenda, reaffirming efforts to reduce the cost of living, attract Local and foreign investments, and building a resilient economy that delivers inclusive growth.
“We are laying the foundation for a more sustainable future…together, we are creating a system where prosperity is shared to all and no one is left behind,” Tinubu said.
Reflecting on the challenges inherited in 2023, Tinubu emphasized the urgency behind early reforms, including the removal of fuel subsidies and the unification of foreign exchange rates.
“The economic and general situation of the country I inherited required that we redirect the country’s affairs with a bold and new vision,” he said.
“We must do away with decades-long fuel subsidies and the corruption-ridden multiple foreign exchange windows.”
He acknowledged the patience, understanding and resilience of Nigeriane in the face of economic adjustments, pledging continued transparency and resolve to stabilize and grow the economy.
“Despite the bump in the cost of living, we have made undeniable progress,” he noted.
“Inflation has begun to ease, with rice prices and other staples declining. The oil and gas sector is recovering…we are now better positioned for growth and prepared to withstand global shocks.”
According to the president, Nigeria’s fiscal deficit dropped from 5.4% of GDP in 2023 to 3.0% in 2024, while revenue generation improved significantly, reaching over N6 trillion in Q1 2025. The administration also discontinued Ways & Means financing, which Tinubu said was a key driver of inflation.
“Our debt service-to-revenue ratio dropped from nearly 100% in 2022 to under 40% by 2024,” he said, adding that foreign reserves have grown from $4 billion in 2023 to over $23 billion by the end of 2024.
Tinubu praised the administration’s tax reform efforts, noting that the country’s tax-to-GDP ratio rose from 10% to 13.5% in just one year. Essential goods such as food, education, and healthcare are now exempt from VAT, alongside rent and renewable energy.
“We are eliminating the burden of multiple taxation,” he said.
“The tax reforms will protect low-income households and support workers by expanding their disposable income.”
A new national fiscal policy and the establishment of a Tax Ombudsman, Tinubu said, are part of broader plans to ensure fair taxation, responsible borrowing, and disciplined spending.
On security, the president said improved cooperation between intelligence and law enforcement agencies has helped restore order in parts of the Northwest and other regions.
“Our administration has improved collaboration among security agencies and increased intelligence-driven operations,” Tinubu said.
“Even if we do not thank them often enough, [our security personnel] willingly face danger so we can go about our lives freely and without fear.”
He also highlighted progress in healthcare, including the revitalization of over 1,000 Primary Health Centres, expansion of health insurance coverage from 16 to 20 million people, and the establishment of new cancer treatment centres and dialysis services.
Education and youth empowerment remain core priorities, Tinubu said, with major investments in student loans, skill development, and technology-led initiatives through agencies such as NASENI.
“From assembling electric vehicles to launching Africa’s most advanced Rapid Diagnostic Kit Factory, these initiatives are creating jobs…this is the movement we promised,” he said.
In agriculture, the administration has focused on mechanized farming and stabilizing food prices, while also investing in key infrastructure projects like the Lagos-Calabar Coastal Highway and Abuja-Kaduna-Zaria-Kano Dual Carriageway.
On energy, Tinubu said investments in solar and off-grid power are improving electricity access for homes, schools, and businesses.
As Nigeria prepares to host the upcoming Motherland Festival, Tinubu said the event will celebrate the country’s rich culture, diaspora contributions, and potential as a global partner.
“Our journey is not over, but our direction is clear,” he said.
“By the Grace of God, we are confident that the worst is behind us. Together, we will build a stronger, more inclusive Nigeria that we can all be proud of.” The president said.
•INDEPENDENTNG.