President Bola Ahmed Tinubu has declared that Nigeria has moved beyond the most difficult phase of his administration's economic reforms, announcing that the country is now entering an "age of prosperity" as it marks its 66th Independence Anniversary.
The President made the declaration on Wednesday morning, October 1, 2026, in a nationwide broadcast to Nigerians. He said the past three years were spent correcting the nation's economic course, which he described as emergency treatment for a faulty foundation.
From Reform to Prosperity: Tinubu's Message to Nigerians
According to President Tinubu, the central task of his administration has changed from fixing the economy to delivering shared prosperity for all Nigerians. He noted that despite decades of civil war, military rule and economic hardship, Nigeria has endured because of the resilience of its people.
He outlined his government's plans to reduce cost of living by expanding mechanized irrigation and dry-season farming, improving access to seeds and fertilizer, investing in storage and transport, and completing key roads, railways and ports to connect farms and factories to markets.
"Emergency treatment is over. The foundation has been repaired. Now begins the age of prosperity."
The President said this statement marks the shift from painful reforms to rewarding Nigerians with jobs, enterprise growth and improved living standards through gas-to-power initiatives, expanded digital connectivity and access to finance and infrastructure.
What Government Will Focus On Next
Tinubu acknowledged that millions of Nigerians still struggle with food, education, healthcare and transportation costs. He said his administration is strengthening social support systems including the National Social Register, the Nigerian Education Loan Fund (NELFUND) and CREDICORP, while improving primary healthcare and basic education.
He also paid tribute to ordinary Nigerians, including the farmer who wakes before sunrise and the trader who opens her shop each morning hopeful for a productive day, saying their courage sustains the nation. He declared that Nigeria has passed through its own Red Sea and prosperity is next.
Full Independence Day Schedule
The broadcast was part of activities for Nigeria's 66th Independence Anniversary. The Federal Government had earlier declared October 1 a public holiday, with Independence Day parades scheduled at Eagle Square in Abuja and Tafawa Balewa Square in Lagos by 9 AM, followed by special prayers for national unity.
M2NICE Editorial Note: Tinubu's speech is significant because it is the first time he is officially declaring the reform phase over. For businesses and traders on m2nice, this signals a policy shift towards production, job creation and lower cost of doing business, which could boost e-commerce and SME growth in Q4 2026.
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