President Bola Tinubu, on Tuesday, stated that Nigeria must either reform for progress and prosperity or continue with business as usual and risk collapse.

He, however, said his administration, upon taking over the leadership of the country 16 months ago, decided to reform the political economy and defence architecture, given the critical juncture the country found itself.

He lamented that Nigeria found itself in a precarious situation because of the missed opportunities and mistakes of the past while calling on Nigerians not to allow the mistakes to follow the country into the future.

This was part of the text of the national broadcast by the President, on the occasion of the 64th Independence anniversary of the Federal Republic of Nigeria, delivered on Tuesday morning.