President Bola Ahmed Tinubu, in his New Year message to Nigerians, outlined a vision of economic stability, citizen engagement, and strengthened national unity for 2025.
Speaking on the theme of hope and resilience, he detailed plans to combat inflation, expand access to credit, and promote shared values across the country.
President Tinubu highlighted key economic achievements of 2024, including three consecutive quarters of foreign trade surpluses, a stronger naira, and record-breaking growth in the stock market. Despite these gains, he acknowledged persistent challenges, particularly high inflation and the rising cost of essential goods.
“Our government is resolute in its ambition to reduce inflation from its current high of 34.6% to 15% in 2025,” Tinubu stated. He pledged to intensify efforts to lower the cost of food and essential drugs through increased production and local manufacturing.
To boost credit access, the federal government will establish the National Credit Guarantee Company by the second quarter of 2025. This initiative, a collaboration between government and private sector institutions, aims to expand credit availability, particularly for underserved groups like women and youth.
“This initiative will strengthen the confidence of the financial system, expand credit access, and drive growth, re-industrialisation, and better living standards for our people,” Tinubu assured.
President Tinubu emphasized the need for a collective commitment to shared national values, announcing plans to launch the National Values Charter in the first quarter of 2025. This initiative seeks to foster patriotism, ethical principles, and mutual trust between citizens and the government.
“As far-reaching and foundational as our reforms are, they can only succeed through shared common values and unconditional love for our country,” Tinubu said.
To engage Nigeria’s youth, the administration will host the inaugural Youth Confab in early 2025, underscoring its focus on inclusiveness and investment in young nation-builders.
President Tinubu urged state governors and local council chairpersons to collaborate with the federal government in advancing key reforms in agriculture, livestock, and energy transition. He commended states adopting innovations such as compressed natural gas-powered public transport and electric vehicles.
“To all citizens, your sacrifices have not been in vain over the past 19 months. Together, let us stay the course of nation-building,” Tinubu appealed.
In his closing remarks, the president reiterated his commitment to achieving a $1 trillion economy, stressing the importance of unity, transparency, and inclusivity in governance.
“We are on the right path to building a great Nigeria that will work for everyone. Let us not get distracted by a tiny segment of our population that still sees things through the prisms of politics, ethnicity, region, and religion,” Tinubu said.
As the country enters 2025, Tinubu’s message was one of hope, resilience, and shared responsibility. “The New Year will bring us closer to the bright future we all desire and the Nigeria of our dreams,” he added.
With ambitious reforms and a focus on inclusiveness, the administration looks to 2025 as a pivotal year in Nigeria’s journey toward sustainable growth and national unity.
