Tinubu boasts 12 extraordinary economic milestones achieved by his government

AHMED BALL President Tinubu has boasted from 12 extraordinary economic milestones achieved by his government as a result of the implementation of healthy fiscal and monetary policies.

Some of the achievements that he registered included an increase in non-oil revenues that broke the record, restored fiscal health, stronger foreign reserves, increased stable oil and naira production.

Another achievement he registered was an increase in coal mining, expanding transportation infrastructure throughout the country, increasing global ranking, and cutting interest rates for the first time in five years.

“We have achieved an increase in record breaking in non-miny revenue, reaching the target of 2025 in August with more than N20 trillion. In September 2025 alone, we raised N3.65 trillion, 411% higher than the amount collected in May 2023” he boasted in his national broadcast to celebrate Annughendence 65 Nigeria.

Continuing, Tinubu noted that “We have restored fiscal health: the ratio of debt services to our income has been significantly reduced from 97% to below 50%.

“We have paid the progress of the famous” way “that threatens our economic stability and triggers inflation. After eliminating corrupt oil subsidies, we have released Trillions of Naira for targeted investments in real economies and social programs for the most vulnerable, and all levels of government.

“We have a stranger backup position that is stronger than three years ago. Our external reserves increased to $ 42.03 billion this September – the highest since 2019”.

In the tax ratio to the country’s GDP, Tinubu noted that he had risen to 13.5 percent from less than 10 percent.

“This ratio is expected to increase further when the new tax laws come into force in January. The Tax Law is not about increasing the burden on existing taxpayers but about expanding the base to build Nigeria that we deserve to get and provide tax relief to low income.

The President added that Nigeria is now a clean exporter by recording a trading surplus for five consecutive quarters.

“We now sell more to the world than we buy, fundamental changes that strengthen our currency and create jobs at home.

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The Nigerian trade surplus increased by 44.3% in Q2 2025 to ₦ 7.46 trillion ($ 4.74 billion), the largest in about three years. Goods produced in Nigeria and exported soaring 173%. Non-Oil Export, as a component of our export trade, now represents 48 percent, compared to our oil exports. Outside oil and gas “.

In the oil and gas sector, Tinubu boasted that the oil production recovered to 1.68 million barrels per day from nearly one million in May 2023.

“The increase occurred because of increasing security, new investment, and better stakeholder management in Delta Niger. Furthermore, the country has made important progress by improving PMS in the country for the first time in four decades.

The President noted that Naira had been stable from turbulence and volatility witnessed in 2023 and 2024 as a gap between the official level and the unofficial market had been substantially reduced, following FX reforms and fresh capital and the flow of money.

“Multiple exchange rates, which foster corruption and arbitration, are now part of history. In addition, our currency tariff for the dollar is no longer determined by fluctuations in crude oil prices”.

In the social intervention program to support the vulnerable poor and Nigerian households, he revealed that the N330 billion had been disbursed to eight million households, many of them had received one or two of the three stages of the N25,000 each.

He added that coal mining recovered dramatically from the 22% decline in Q1 to 57.5% of growth in Q2, becoming one of the fastest Nigerian growth sectors while noting that the dense mineral sector is now very important in our economy, encouraging the production of mineral added value extracted from our land.

“The administration is expanding transport infrastructure across the country, covering rail, roads, airports, and seaports. Rail and water transport graw by over 40% and 27%, respectively. is progressing well on the legacy lagos-salabar coastal highway and sokoto-badagry highway.

He noted that the world paying attention to our proven efforts in sovereign credit rating agencies that have increased their prospects for Nigeria, acknowledged the increase in the country’s economic fundamentals.

“Our stock market has an unprecedented boom, up from the index of all 55,000 points in May 2003 to 142,000 points on September 26, 2025”.

“At its last MPC meeting, the central bank cut interest rates for the first time in five years, stating trust in our country’s macroeconomic stability”.

By: Babajide Okeowo