President Bola Tinubu has disclosed that his administration, through the Social Investment Programme, has disbursed ₦330 billion to eight million poor households.
In his Independence Day nationwide address on Wednesday, Tinubu stated that many beneficiaries had already received one or two of the three instalments of ₦25,000 each.
He further noted that coal mining had rebounded significantly, shifting from a 22% decline in the first quarter to a 57.5% growth in the second quarter, making it one of Nigeria’s fastest-growing sectors.
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According to him, the solid minerals sector had become central to Nigeria’s economy, driving value-added production from the country’s natural resources.
Tinubu also affirmed that his administration was expanding transport infrastructure nationwide, encompassing railways, roads, airports, and seaports.
“Rail and water transport grew by over 40% and 27%, respectively. The 284-kilometre Kano-Kastina-Maradi Standard Gauge rail project and the Kaduna-Kano rail line are nearing completion. Work is progressing well on the legacy Lagos-Calabar Coastal Highway and Sokoto-Badagry Highway. The Federal Executive Council recently approved $3 billion to complete the Eastern Rail Project.
“The world is taking notice of our efforts. Sovereign credit rating agencies have upgraded their outlook for Nigeria, recognising our improved economic fundamentals. Our stock market is experiencing an unprecedented boom, rising from an all-share index of 55,000 points in May 2003 to 142,000 points as of September 26, 2025. At its last MPC meeting, the Central Bank slashed interest rates for the first time in five years, expressing confidence in our country’s macroeconomy”, Tinubu said.
He stated that his administration was working diligently to strengthen national security and ensure the economy achieved sustained growth and better performance.
Tinubu acknowledged that members of the armed forces and other security agencies were working tirelessly and making immense sacrifices to keep the country safe.
He stressed that they were recording victories in the fight against terrorism, banditry and other violent crimes.
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According to him, their efforts were evident in the blood and sweat they had shed to stamp out Boko Haram insurgency in the North-East, IPOB/ESN violence in the South-East, as well as banditry and kidnapping across the country.
“We must continue to celebrate their gallantry and salute their courage on behalf of a grateful nation. Peace has returned to hundreds of our liberated communities in North-West and North-East, and thousands of our people have returned safely to their homes.”
