By Jimoh Ahmed
President Bola Ahmed Tinubu has expressed optimism for Nigeria’s economic recovery in 2025, citing key achievements and pledging continued reforms to improve living standards for all citizens.
In his New Year message to Nigerians, the president outlined significant economic progress in 2024, including a strengthening Naira, increasing foreign reserves, and a record-breaking stock market performance. These, he said, demonstrate renewed investor confidence and a positive trajectory for the nation’s economy.
“Fuel prices have gradually decreased, and we recorded foreign trade surpluses in three consecutive quarters,” President Tinubu noted. “The stock market’s record growth has generated trillions of naira in wealth, and the surge in foreign investment reflects renewed confidence in our economy.”
However, he acknowledged persistent challenges, particularly the high cost of food and essential medicines, which continue to burden many households. To address this, the president announced a robust plan to cut inflation from its current 34.6% to 15% by year-end. Key strategies include boosting local food production and promoting the domestic manufacturing of essential drugs.
The administration is also set to establish the National Credit Guarantee Company to expand access to credit for individuals and businesses. Scheduled to commence operations before mid-year, the initiative is a collaborative effort involving government agencies, private-sector partners, and international organizations.
“This will strengthen the financial system, expand credit access, and empower underserved groups such as women and youth,” Tinubu said. “It will drive growth, re-industrialisation, and better living standards for our people.”
President Tinubu also emphasized the importance of national unity and values, unveiling plans for a National Values Charter and a renewed orientation campaign to inspire patriotism and trust among citizens.
As the nation looks ahead, the president urged governors and local council chairpersons to work closely with the central government to seize emerging opportunities in agriculture, energy, and tax reforms.
“The sacrifices of the past 19 months have not been in vain,” he reassured. “Together, let us stay the course of nation-building as the New Year brings us closer to the bright future we all desire.”
With his Renewed Hope Agenda in focus, President Tinubu’s message resonated with promises of a stronger, united Nigeria in 2025.
