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Nigeria: May 29 - the Worst Is Behind Us

  • On the second anniversary of his time in office, President Bola Ahmed Tinubu addressed the nation to highlight significant achievements and ongoing reforms under his administration.
  • He explained that the administration inherited significant economic and security challenges that required bold reforms, including ending fuel subsidies and unifying foreign exchange rates to avoid fiscal collapse.
  • Tinubu reported progress including safer roads, the return of farmers to their fields, the rescue of kidnapped individuals, an increase in the tax-to-GDP ratio to above 13.5%, and a substantial rise in the country's foreign reserves—from $4 billion in 2023 to more than $23 billion projected by the close of 2024.
  • He also cited over 400% rise in rig counts since 2021, over $8 billion investment commitments, expanded health coverage from 16 to 20 million Nigerians, major infrastructure projects, and new tax policies easing burdens on households and businesses.
  • These achievements indicate Nigeria is stabilizing economically and security-wise, positioning the country for sustainable growth, while initiatives like the Motherland Festival aim to further boost unity, investment, and cultural visibility.
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thewillnews.com broke the news in on Thursday, May 29, 2025.
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