President Bola Tinubu in his New Year message emphasized a positive economic outlook for 2025, highlighting key achievements in 2024.
Below here are some major takeaways from the New Year’s speech: first is the Positive Economic Outlook for 2025: Here, President Tinubu emphasised a positive economic outlook for 2025, highlighting key achievements in 2024, such as the strengthening of the Naira, three consecutive quarters of foreign trade surpluses, and decreasing fuel prices.
Next was the ‘Record Stock Market Growth and Foreign Investment Surge’ in that the stock market experienced record growth, creating trillions in wealth, and a surge in foreign investments demonstrated renewed confidence in the Nigerian economy.
Another landmark was ‘Reducing Inflation and Boosting Local Production’: He said the government is committed to reducing inflation from 34.6% to 15% by increasing food production and promoting the local manufacturing of essential drugs and medical supplies;
Establishment of the National Credit Guarantee Company, NCGC, is another area of focus, as the NCGC will be established by the second quarter of 2025 to expand credit access for individuals and underserved groups, such as women and youth, and to drive economic growth and re-industrialization;
Achieving a One-Trillion-Dollar Economy is a key national objective, which is achieving a one-trillion-dollar economy through sustained reforms and collaboration among government levels, while promoting unity and focus on development.
Launch of the National Values Charter to be unveiled in the first quarter of 2025, promoting ethical principles, patriotism, and trust between citizens and the government under the National Identity Project.
Youth Empowerment through Youth Confab that is set for launch in early 2025, to empower young Nigerians as nation-builders, with the Ministry of Youth coordinating the selection of representatives.
Collaboration with States on Key National Initiatives: State governments are urged to collaborate with the federal government on initiatives like agriculture, livestock, and tax reforms, while embracing energy transitions such as CNG and electric vehicles.
Encouragement for Unity and Shared National Goals: Citizens are encouraged to remain united and committed to national goals, avoiding divisive tendencies based on politics, ethnicity, or religion, to ensure the success of the Renewed Hope Agenda.
Gratitude for Sacrifices and Assurance of a Bright Future: President Tinubu expressed gratitude for citizens’ sacrifices over the past 19 months, reassuring Nigerians that their efforts will yield progress toward the nation’s bright future and shared dreams.
