Abuja – In his New Year message, President Bola Tinubu outlined his administration’s economic priorities for 2025, focusing on reducing inflation, boosting food production, and expanding credit access.
The President acknowledged the economic challenges faced by Nigerians in 2024, including high inflation and the cost of living. He highlighted positive economic indicators such as declining fuel prices, increased foreign reserves, and a strengthening Naira.
To address the cost of living, the President pledged to intensify efforts to lower food prices by boosting domestic food production and promoting local manufacturing of essential drugs. The government aims to reduce inflation from its current level of 34.6% to 15% in 2025.
A key initiative outlined by the President is the establishment of the National Credit Guarantee Company, a partnership between government institutions, the private sector, and multilateral institutions. This company, expected to commence operations in the second quarter of 2025, aims to expand credit access for individuals and critical sectors of the economy, particularly under-served groups such as women and youth.
President Tinubu also emphasized the importance of national unity and social cohesion. He called upon Nigerians to become “better citizens” and to “uncompromisingly” devote themselves to the nation.
To foster this, the President announced the unveiling of the National Values Charter in the first quarter of 2025, followed by a national orientation campaign to promote patriotism and shared values.
The President further emphasized the importance of youth engagement, announcing the commencement of the Youth Confab in the first quarter of 2025.
In conclusion, President Tinubu urged Nigerians to remain focused and united in their pursuit of a brighter future for the nation.
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