Hauwa Gidado, Abuja
As Nigeria celebrates its 65th Independence anniversary, the All Progressives Congress (APC) has praised President Bola Tinubu’s “bold” economic reforms, describing them as the beginning of a “new dawn of great and infinite possibilities” for the nation.
In a statement issued by the party’s National Publicity Secretary, Felix Morka, the APC said President Tinubu’s swift actions upon assuming office have laid the foundation for the country’s economic recovery, growth, and stability.
“To reset the economy and unleash its potential for rapid development, President Tinubu, on his first day in office, courageously ended the ruinous fuel subsidy regime and unified the multiple foreign exchange systems,” Mr. Morka said.
‘Initial Pain, Long-Term Gain’
Acknowledging that the reforms have brought temporary discomfort to Nigerians, the party stressed that the nation is already seeing the benefits.
“Today, our country is better for it. The economy now rests on strong macroeconomic foundations and is showing early signs of growth and improved conditions for our people,” Mr. Morka stated.
According to the APC, President Tinubu’s leadership has resulted in several positive economic indicators; Mr. Morka noted that Gross Domestic Product growth reached 4.28% in Q2 2025, the highest in four years, outperforming the International Monetary Fund’s forecast of 3.5%.
Mr. Morka noted that foreign reserves have increased to over $42 billion. Inflation has dropped to 20.1%, the lowest in recent years. Oil production is at record levels, while non-oil revenue has surged and trade surpluses have been recorded for five consecutive quarters.
Aside from terminating the insidious Means and Ways financing of the Central Bank of Nigeria (CBN), the President Tinubu-led administration has reduced the revenue-to-debt-servicing ratio from about 97 percent to less than 50 percent.
The Tax-to-GDP ratio has hit 13.5 percent, up from about 10 percent. The volatility of our local currency has ended as the naira has gained stability, restoring and boosting investor confidence,” Mr. Morka noted.
The party also highlighted the termination of the Central Bank’s “Means and Ways” financing, a practice it described as “insidious.” It credited the Tinubu administration with restoring fiscal discipline and boosting transparency.
“The volatility of the naira has ended. Our economy is now drawing investor confidence like never before,” the statement added.
Jobs, Infrastructure, and Security Drive Transformation
The APC emphasised that beyond economic data, real changes are being felt on the ground.
“Massive investments in infrastructure, breakthroughs in the agricultural and creative industries, and a sustained fight against insurgency and corruption are all contributing to national progress,” the party said.
The party used the occasion to salute Nigeria’s founding fathers for their courage and vision in laying the foundation of a united country.
It also commended Nigerians for their resilience, patriotism, and faith in the nation, despite decades of political and economic challenges.
“Through difficult challenges, raging storms, and calmer seasons, our nation has triumphed – driven by the perseverance of its people,” Mr. Morka said.
A Brighter Future Lies Ahead
Looking ahead, the APC expressed confidence that Nigeria is on the path to lasting progress under President Tinubu’s leadership.
“Our ship of state, under the hands of the bold and visionary President Tinubu, now sails confidently in calmer waters, toward a destination of stability and development,” the party stated.
The APC called on Nigerians to continue supporting the administration’s efforts to build a better, stronger nation.
“We applaud Nigerians for their patience and sacrifice. Together, we will build the Nigeria of our collective dreams,” Mr. Morka noted.