You’ve Endured Hardship for Three Years, Stay Hopeful as Economy Shows Signs of Recovery — President Tinubu Appeals Nigerians.

You’ve Endured Hardship for Three Years, Stay Hopeful as Economy Shows Signs of Recovery — President Tinubu Appeals Nigerians.

President Bola Tinubu has said Nigerians’ sacrifices amid ongoing economic reforms have not been in vain, insisting his administration has achieved key stability gains as it marks three years in office.

In a statement for his May 29, 2026 anniversary, Tinubu reflected on challenges inherited in 2023, including fiscal pressure, fuel subsidy burden, forex instability, debt servicing costs, insecurity, and weak economic confidence. 

He said the government was spending N18.4 billion daily on fuel subsidy at the time, while inefficient forex systems reportedly cost Nigeria over ₦8 trillion in three years.

He defended the reforms as necessary, saying failure to act would have led to “fiscal breakdown, worsening poverty, and severe economic uncertainty,” adding that his administration chose “reform over ruin.”

Acknowledging the hardship caused, he said, “These decisions came with sacrifice,” noting rising living costs and pressure on households and businesses. Still, he maintained, “your sacrifices have not been in vain. And today, I can say with confidence that Nigeria has stabilised and is moving forward again.”

Tinubu highlighted improvements in public finances, increased revenue for states, infrastructure expansion with over 2,700km of roads underway, and renewed investment in the oil sector alongside local refining progress.

On power, he said reforms are addressing debt and infrastructure gaps, stressing that better electricity would drive jobs and industrial growth. In education and social welfare, he cited N282 billion in student loans disbursed to 1.5 million students and over 10,000 housing units delivered nationwide.

He also said security operations against insurgents and criminal networks are ongoing, while urging unity and resilience. “We must choose hope over despair, unity over division, and nation-building over narrow interests,” he said, adding that national progress requires patience and collective effort.