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Tinubu doubles down in national broadcast, says harsh reforms necessary to rescue Nigeria’s floundering economy

“The reforms that followed were difficult,” Mr Tinubu said. “The side effects were real. Yet, we must never confuse the medicine with the disease.”

• October 1, 2026
Bola Tinubu
Bola Tinubu official portrait

President Bola Tinubu has doubled down on his highly criticised reforms, insisting that the policies are necessary to salvage Nigeria’s floundering economy.

In a nationwide broadcast on Thursday, to mark the country’s 66th independence anniversary, the president said, “By 2023, poverty was rising, and hope was nearly gone.

“The country’s situation was darker than ever. We had no choice but to act. For too long, Nigeria’s leaders chose morphine while praying for a miracle that never came.”

He explained that when his administration assumed office, “we resolved to do things differently”, choosing to “excise the cancer”.

“The reforms that followed were difficult,” Mr Tinubu said. “The side effects were real. Yet, we must never confuse the medicine with the disease.”

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