In his Independence Day address to the nation, President Bola Ahmed Tinubu admitted that his government’s economic reforms have brought “temporary pains” but assured citizens that lasting relief is on the way.
The President acknowledged the daily challenges Nigerians face and outlined how his administration plans to address them.
1. Rising cost of living
Tinubu conceded that inflation and soaring prices are straining millions of households.
“These reforms have come with temporary pains. The biting effects of inflation and the rising cost of living remain a significant concern to our government,” he said.
He promised that measures in agriculture and food security will soon reduce the cost of food and other essentials.
2. Persistent power shortages
The President admitted that inadequate electricity supply continues to hinder homes and industries.
“We do not have enough electricity to power our industries and homes today, or the resources to repair our deteriorating roads, build seaports, railroads, and airports comparable to the best in the world, because we failed to make the necessary investments decades ago,” he explained.
Tinubu said long-term investments are underway to expand power generation and improve critical infrastructure.
3. Neglect of infrastructure
He acknowledged that decades of underinvestment left Nigerians coping with poor roads, overstretched schools, and fragile health systems.
“We must build the roads we need, repair the ones that have become decrepit, and construct the schools and hospitals that will serve our children and our people,” he said.
According to him, government spending is now being redirected to infrastructure projects that will benefit both the present generation and the future.
4. Burden of sacrifice
Tinubu admitted that the removal of fuel subsidy and foreign exchange reforms have intensified hardship but insisted the policies are already beginning to pay off.
“Upon assuming office, our administration inherited a near-collapsed economy. We chose the path of reform. I am pleased to report that we have finally turned the corner. The worst is over. Yesterday’s pains are giving way to relief,” he assured.
The President emphasized that his government’s vision goes beyond figures and policies, noting that he is aware of the pain Nigerians experience daily in their homes, markets, and on the roads.
He pledged that these sacrifices will yield long-term stability and growth.
For many citizens, however, the real measure of his words will be whether the promised relief translates into visible improvements in their everyday lives.
