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4 days ago
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President Bola Tinubu has assured Nigerians of brighter economic prospects, stating that ongoing reforms are beginning to produce tangible results.
Naija News reports that the President made this assertion on Wednesday while presenting the 2025 Appropriation Bill to a joint session of the 11th National Assembly in Abuja.
Highlighting the progress made so far, Tinubu noted that the Nigerian economy is responding positively to a series of fiscal and monetary interventions.
According to him, the government aims to sustain this momentum by introducing targeted fiscal stimulus packages, strategic public expenditure, and non-inflationary spending measures.
Tinubu said, “I report today that our economy is responding positively to stimulus. Our objective is to further stimulate the economy through the implementation of targeted fiscal stimulus packages, public expenditure, and specific non-inflationary spending. The reforms we have instituted are beginning to yield results, with no reversals.”
He assured citizens that Nigeria is on the path to a more functional and resilient economy, stressing that the current administration remains committed to sustainable growth.
“Nigerians will soon experience a better and more functional economy. Global economic growth for the outgoing year was 2.0 per cent,” the president stated.
Tinubu also provided insight into Nigeria’s economic performance in comparison to global trends. While global economic growth for 2024 was projected at 3.2 per cent, Nigeria’s economy surpassed expectations, recording a 3.46 per cent growth rate.
He attributed this achievement to the effective implementation of the 2024 budget, which laid a solid foundation for the 2025 fiscal plan.
“For 2024, it was projected at 3.2 per cent, and contrary to predictions for our country, we have made significant progress. Our economy grew by 3.46 per cent. The improvements we achieved in the 2024 budget have laid the groundwork for the 2025 budget,” Tinubu said.
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