President Bola Tinubu has offered a message of hope to Nigerians, assuring them of a brighter future in 2025 despite the economic challenges faced in 2024.
In his New Year message, the President expressed confidence that his administration will fulfill the collective aspirations of the nation.
While acknowledging the difficulties of the past year, Tinubu highlighted positive economic indicators, including gradually decreasing fuel prices, consecutive foreign trade surpluses, rising foreign reserves, a strengthening naira, and record growth in the stock market.
However, he recognized the persistent concern of high food and drug costs for many Nigerian households. Tinubu pledged to intensify efforts to lower these costs by boosting food production and promoting local manufacturing of essential medical supplies. He also set a target of reducing inflation from its current rate of 34.6 per cent to 15 per cent.
The President outlined plans to increase access to credit for individuals and key economic sectors through the establishment of the National Credit Guarantee Company, expected to be operational before the end of the second quarter.
This initiative, a partnership between government institutions and private sector stakeholders, aims to strengthen the financial system, expand credit access, and support underserved groups.
Tinubu thanked Nigerians for their confidence in him and reiterated his commitment to serving the nation diligently.
He called for continued cooperation and collaboration in pursuing the goal of a one trillion-dollar economy and urged Nigerians to remain focused and united, dismissing divisive elements within the population.
