President Bola Tinubu has pledged to expand the country’s infrastructure as the Federal Executive Council has approved $3 billion to complete the Eastern Rail Project.
Tinubu said this during the 65th Independence Day broadcast on Wednesday.
He said his administration is expanding transport infrastructure across the country, covering rail, roads, airports, and seaports
According to him, rail and water transport grew by over 40% and 27%, respectively.
The president also noted that 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,” Tinubu added.
He stated that the world is taking notice of his administration efforts, noting that “sovereign credit rating agencies have upgraded their outlook for Nigeria, recognising our improved economic fundamentals.”
Tinubu also added that the country’s 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.
