- Inflation Target Set at 15% Amid Rising Economic Optimism
- National Credit Guarantee Company to Expand Access for Youth and Women
In a New Year message to Nigerians, President Bola Ahmed Tinubu projected optimism for 2025, outlining bold plans to stabilize the economy, improve living standards, and foster national unity.
President Tinubu acknowledged the challenges faced in 2024, including high inflation and costly essentials, but emphasized that brighter days are ahead. “Economic indicators point to a positive and encouraging outlook,” he stated, highlighting a strengthened Naira, decreasing fuel prices, and a surge in foreign investments.
To address inflation, which stood at 34.6% in 2024, the government aims to slash it to 15% by ramping up food production and local manufacturing of essential goods. Tinubu also announced the creation of the National Credit Guarantee Company, set to begin operations by mid-year, which will expand access to credit for underserved groups, particularly women and youth.
In a move to inspire national pride, Tinubu revealed plans to launch the National Values Charter and a nationwide orientation campaign. He emphasized that “shared values and unconditional love for our country” are essential for the success of his Renewed Hope Agenda.
Addressing youth inclusivity, the president announced the Youth Confab, slated for the first quarter, as a platform for engaging young Nigerians in nation-building efforts.
Urging citizens to stay the course, Tinubu expressed gratitude for their sacrifices and renewed his commitment to reforms that will create a trillion-dollar economy. “We are on the right path to building a great Nigeria that works for everyone,” he concluded, calling for unity and collaboration in achieving the nation’s shared aspirations.
