In his New Year message to Nigerians, President Bola
Tinubu spoke on the economic outlook for the country in 2025 and the
prospective interventions of his administration. The president also announced
plans for the upcoming youth conference and his intention to unveil the
National Values Charter, among other issues.
Here is the full text of the president’s New Year message.
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 The Company—expected to start
operations before the end of the second quarter—is a partnership of government
institutions, such as the Bank of Industry, Nigerian Consumer Credit
Corporation, the Nigerian Sovereign Investment Agency, and Ministry of Finance
Incorporated, the private sector, and multilateral institutions.
This initiative will strengthen the confidence of the
financial system, expand credit access, and support under-served groups such as
women and youth. It will drive growth, re-industrialisation, and better living
standards for our people.
On a personal note, thank you for placing your confidence
in me as your president. Your trust humbles me, and I promise to continue
serving you diligently and wholeheartedly.
We will continue to embark on necessary reforms to foster
sustainable growth and prosperity for our nation.
I seek your cooperation and collaboration at all times as
we pursue our goal of a one trillion-dollar economy. Let us stay focused and
united.
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.
CITIZENSHIP
To achieve our national goals and objectives, we must
become better citizens and uncompromising in our Citizens’ moral rectitude and
faith in our country are fundamental to the success of the Renewed Hope Agenda.
In 2025, we will commit to promoting adherence to ethical principles, shared
values, and beliefs under the National Identity Project.
I will unveil the National Values Charter, already
approved by the Federal Executive Council, in the first quarter of 2025. I will
launch an ambitious national orientation campaign that fosters patriotism and
love for our country and inspires citizens to rally together. The Charter will
promote mutual commitments between the government and citizens and foster trust
and cooperation among our diverse population and between the government and the
citizens.
As far-reaching and foundational as our reforms are, they
can produce the desired outcomes only through shared common values and
identities and unconditional love for our country.
The Youth Confab will begin in the first quarter of 2025,
a testament to our commitment to youth inclusiveness and investment as
nation-builders. The Ministry of Youth will soon announce the modalities for
selecting the conference’s representatives from our diverse, youthful
population.
Dear Compatriots, I urge you to continue believing in
yourselves and keeping faith in our blessed country.
Let me use this New Year’s message to urge our governors
and local council chairpersons to work closely with the central government to
seize emerging opportunities in agriculture, livestock, and tax reforms and
move our nation forward. I commend governors who have embraced our Compressed
Natural Gas initiative by launching CNG-propelled public transport. I also
congratulate those who have adopted electric vehicles as part of our national
energy mix and transition. The Federal Government will always offer necessary
assistance to the states.
To all citizens, your sacrifices have not been in vain
over the past 19 months. I assure you they will not be in vain even in the
months ahead. Together, let us stay the course of nation-building.
The New Year will bring us closer to the bright future we
all desire and the Nigeria of our dreams.
God bless you all, and may God bless our beloved country,
Nigeria.
Happy New Year and a prosperous 2025 to you all!
Bola Ahmed Tinubu,
President of the Federal Republic of Nigeria
January 1, 2025
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