Economic Indicators point to positive outlook for Nigeria in 2025 — Tinubu

President Bola Tinubu has noted that economic indicators point to a positive and encouraging outlook for Nigeria in 2025.

Tinubu further noted that his government is committed to intensifying efforts to lower costs by boosting food production and promoting local manufacturing of essential drugs and other medical supplies.

This was contained in his New Year’s message to Nigerians on Wednesday, 1st of January 2025.

The statement reads in part:

“Fellow Nigerians,

“As we enter 2025, I wish everyone a happy and prosperous New Year. May you be rich in joy, success, and good health.

“As the new year dawns, it brings many hopes, aspirations, and prospects for better days. By the grace of God, 2025 will be a year of great promise in which we will fulfill our collective desires.

“Though 2024 posed numerous challenges to our citizens and households, I am confident that the New Year will bring brighter days.

“Economic indicators point to a positive and encouraging outlook for our nation. Fuel prices have gradually decreased, and we recorded foreign trade surpluses in three consecutive quarters. Foreign reserves have risen, and the Naira has strengthened against the US dollar, bringing greater stability.

“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. Nevertheless, the cost of food and essential drugs remained a significant concern for many Nigerian households in 2024.

“In 2025, our government is committed to intensifying efforts to lower these costs by boosting food production and promoting local manufacturing of essential drugs and other medical supplies. We are resolute in our ambition to reduce inflation from its current high of 34.6% to 15%. With diligent work and God’s help, we will achieve this goal and provide relief to all our people.

“In this new year, my administration will further consolidate and increase access to credit for individuals and critical sectors of the economy to boost national economic output.

“To achieve this, the federal government will establish the National Credit Guarantee Company to expand risk-sharing instruments for financial institutions and enterprises.” [CONTINUE READING HERE]>>>>