President Bola Ahmed Tinubu, in his New Year message, reassured Nigerians of his administration’s commitment to economic reforms, a stronger Naira, and national development. He acknowledged the challenges of 2024 while expressing optimism for brighter days ahead in 2025.
Economic Achievements and Outlook
President Tinubu highlighted key economic progress made in 2024, including:
Gradual reduction in fuel prices.
Foreign trade surpluses for three consecutive quarters.
Increased foreign reserves and a stronger Naira.
Record growth in the stock market, generating trillions of Naira in wealth.
A surge in foreign investment, signaling renewed confidence in Nigeria’s economy.
However, he noted that the high cost of food and essential drugs remains a significant concern.
Plans for 2025
The president outlined several initiatives for 2025 aimed at boosting economic stability and improving living standards:
Reducing Inflation: Targeting a decrease from 34.6% to 15% through increased food production and local manufacturing of essential goods.
National Credit Guarantee Company: Launching a risk-sharing initiative by mid-2025 to expand credit access, particularly for women and youth.
One-Trillion-Dollar Economy: Strengthening collaboration between the federal, state, and local governments to achieve this ambitious economic goal.
Citizenship and National Identity
Tinubu emphasized the importance of moral rectitude and patriotism in achieving national objectives. Key initiatives include:
National Values Charter: Launching in the first quarter of 2025 to foster shared values and trust between the government and citizens.
Youth Confab: A nationwide conference promoting youth inclusiveness and participation in nation-building.
Collaboration with States
The president called on state governors and local council leaders to work with the federal government in leveraging opportunities in agriculture, livestock, and energy reforms. He praised governors who adopted the Compressed Natural Gas (CNG) initiative and electric vehicles as part of Nigeria’s energy transition.
Message to Nigerians
President Tinubu expressed gratitude for citizens’ sacrifices and encouraged continued unity, cooperation, and faith in the nation’s potential. He reassured Nigerians that the collective efforts of the past months will not be in vain, promising a brighter future for the country.
As Nigeria embarks on a new year, the president’s message sets a tone of hope, unity, and shared responsibility for achieving a prosperous and sustainable future.
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