Independence Day: Nigeria moving from economic stabilisation to growth — Yilwatda
APC Chairman Affirms Nigeria’s Path to Prosperity Amid Economic Challenges
Nentawe Yilwatda, the National Chairman of the All Progressives Congress (APC), expressed optimism about Nigeria’s progress towards becoming a stronger and more prosperous nation, despite ongoing economic difficulties.
In a message marking Nigeria’s 66th Independence Day, Yilwatda highlighted the administration of President Bola Tinubu, which he described as having inherited a challenging economic situation. He noted that the government has implemented several reforms aimed at tackling long-standing structural issues within the economy.
Key measures mentioned by Yilwatda include the removal of the petrol subsidy, reforms in foreign exchange, and initiatives to enhance domestic revenue generation. Additionally, he referenced various monetary and fiscal strategies that the administration has undertaken.
While he acknowledged that these reforms have presented significant short-term challenges to citizens, Yilwatda claimed there are signs of macroeconomic stabilization. He cited World Bank data indicating Nigeria’s real Gross Domestic Product (GDP) grew by 4.2 percent in the first half of 2026, with gross foreign reserves reaching $51.9 billion at the end of July.
He also pointed to positive developments in the energy sector, digital economy, and investments in social protection as indicators of progress from economic stabilization toward structural transformation.
Yilwatda emphasized the need to focus on converting these economic gains into tangible improvements in household incomes, job creation, food security, and broader opportunities for Nigerians.
“We acknowledge the progress that has been recorded and, more importantly, recognize that the work is not finished,” he stated. “Economic stabilization will now translate more rapidly into improved household incomes, employment, food security, and greater opportunities for our people.”
