President Bola Ahmed Tinubu has declared that Nigeria has decisively emerged from the brink of financial insolvency and economic despair, asserting that his administration has successfully steered the nation away from catastrophic bankruptcy toward stability and renewed growth.
Speaking on Friday at the Godswill Akpabio International Stadium in Uyo, Akwa Ibom State, the President reflected on the severe fiscal crisis that gripped the country when he assumed office, noting that 27 out of 36 state governments could not meet basic civil service salary obligations, let alone pensions and gratuities.
He asserted that targeted reforms and courageous leadership have pulled the federation out of that dark tunnel, replacing uncertainty with tangible economic progress, stable academic calendars, and restored fiscal capacity across the states.
President Tinubu told the gathering that he could proudly beat his chest knowing the federation has survived its greatest period of economic peril.
Describing the upcoming January 16, 2027 general elections as a critical turning point that will cement the nation’s trajectory, the President urged Nigerian youths to wield their Permanent Voter Cards against deception and evaluate public figures solely on their track records of actual delivery and resilience in governance.
Framing national economic recovery as the bedrock for regional transformation, President Tinubu immediately reinforced that momentum by granting formal approval for the long-awaited Ibom Deep Sea Port project following a request by Governor Umo Eno.
The President highlighted that overcoming bankruptcy has empowered his administration to drive foundational infrastructure across the country, citing the deep seaport, the Lagos-Calabar Coastal Highway, and the upgraded international status of the Victor Attah International Airport as proof of an economy repositioned to generate enduring value.
Also speaking, Vice President Kashim Shettima, Senate President Godswill Akpabio, and Bayelsa State Governor Douye Diri, representing the South-South Governors, echoed the President’s sentiments, emphasizing that confronting national fiscal realities head-on rather than avoiding difficult decisions has restored confidence in the nation’s economic future.
