President Bola Ahmed Tinubu has assured Nigerians that 2025 will bring about economic recovery and prosperity following a challenging 2024.
He stated this in his New Year speech on Wednesday, January 1, 2025.
According to Tinubu, there will be an increase in economic growth, the inflation rate will drop, and there will be a stable naira-to-dollar exchange rate.
The president cited several economic indicators, such as declining fuel prices, a strengthened naira, and consecutive quarterly foreign trade surpluses for optimism.
His words:
Tinubu also pledged to tackle lingering concerns about the cost of living.
The president also said his government is committed to reducing inflation from 34.6% to 15% by the year’s(2025) end.
In his speech, Tinibu also revealed plans to establish the National Credit Guarantee Company, which is aimed at expanding access to credit for individuals and businesses.
The president stated that the company is expected to begin operations in the second quarter of 2025.
The president added:
As he closed his address, Tinubu thanked Nigerians for their sacrifices during his administration’s first 19 months, assuring them that brighter days lie ahead.
Ealier, TimesNow.com.ng reported that Nigerian tax reforms have been a subject of strong debate, especially among northern leaders and politicians
The bill, which is currently in the National Assembly, will rejig how the funds generated in the country are shared
Taiwo Oyedele, the chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has listed ways tax reforms will benefit Nigerians.
Source: TimesNow.com.ng
