For businesses, the president noted a growing tax-to-GDP ratio, reforms stabilising the Naira, and a trade surplus that shows Nigeria now exports more than it imports, with non-oil exports making up 48%.Other key gains include increased oil production, … Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader Prez Tinubu lists 12 milestones as Nigeria marks 65th independence By Busola Bamidele on October 1, 2025 For businesses, the president noted a growing tax-to-GDP ratio, reforms stabilising the Naira, and a trade surplus that shows Nigeria now exports more than it imports, with non-oil exports making up 48%. Other key gains include increased oil production, coal mining rebound, major rail and road projects, and improved credit ratings. On social support, ₦330 billion has been disbursed to eight million vulnerable households. Tinubu said these reforms are laying a stronger foundation for SMEs, manufacturers, and exporters to thrive, adding that the era of multiple exchange rates and subsidy distortions is now behind the nation. Read also Prez Tinubu lists 12 milestones as Nigeria marks 65th independence At 65, Nigeria's economic reforms raise hopes but soaring debt threatens SMEs' survival SMEs to gain from three-billion-dollar eastern rail upgrade China completes bond release to support SMEs growth Youth retreat creates openings for SMEs in Nigeria President Bola Ahmed Tinubu, in a national broadcast to mark Nigeria's 65th Independence Anniversary, outlined 12 economic and infrastructure milestones his administration has achieved in two years. He highlighted a record rise in non-oil revenue to over ₦20 trillion, reduced debt-service ratio from 97% to below 50%, and external reserves climbing to $42 billion — the strongest since 2019.

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