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Tinubu Commits to Economic Reforms and a Stronger Naira in New Year Address.
TJ News has obtained the full text of President Bola Tinubu’s new address to Nigerians. The message, which was addressed to Nigerians, reads:
Dear Nigerians, As we approach the year 2025, I extend my wishes for a joyful and successful New Year to all. I hope for you to experience a wealth of happiness, achievement, and excellent health. With the arrival of the new year, a wave of hopes, aspirations, and potential for brighter days emerges.
We anticipate 2025 to be a year filled with potential and the realization of collective aspirations. Despite the numerous challenges faced by our citizens and households in 2024, there is a prevailing sense of optimism that the New Year will usher in brighter days ahead.
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Recent economic indicators suggest a favorable and optimistic outlook for the country. Recent reports indicate a steady decline in fuel prices, alongside the achievement of foreign trade surpluses for three consecutive quarters.
Recent reports indicate an increase in foreign reserves, coupled with a strengthening of the naira against the US dollar, which suggests a trend toward greater economic stability.
The stock market has experienced unprecedented growth, resulting in the creation of trillions of naira in wealth. This surge in foreign investment indicates renewed confidence in the economy.
Despite various developments, the rising costs of food and essential medications continued to pose a major challenge for numerous households across Nigeria in 2024.
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In 2025, the government plans to ramp up initiatives aimed at reducing costs by enhancing food production and encouraging the local manufacturing of vital medications and medical supplies.
The commitment to lowering inflation from its current rate of 34.6% to a target of 15% remains steadfast.
Through dedicated efforts and divine assistance, we are poised to reach this objective and offer support to our community.
This year, the administration plans to enhance and expand access to credit for individuals and vital sectors of the economy, aiming to stimulate national economic growth.
The federal government plans to establish the National Credit Guarantee Company, which aims to expand risk-sharing instruments for financial institutions and enterprises. The company is anticipated to commence operations prior to the conclusion of the second quarter.
This initiative is a collaboration involving various government entities, including the Bank of Industry, Nigerian Consumer Credit Corporation, the Nigerian Sovereign Investment Agency, and Ministry of Finance Incorporated, alongside private sector partners and multilateral institutions.
The initiative aims to bolster confidence in the financial system, broaden access to credit, and provide support to underserved demographics, including women and youth.
The initiative has the potential to stimulate growth, promote re-industrialization, and enhance living standards for the population. Thank you for your trust in me as your president.
I greatly appreciate your trust and assure you that I will continue to serve you with dedication and sincerity.
The government is committed to implementing essential reforms aimed at promoting sustainable growth and prosperity for the nation.
Your cooperation and collaboration are essential as we work toward achieving our goal of a one trillion-dollar economy.
It is essential that we maintain our focus and unity. The nation is making significant strides toward the development of a Nigeria that aims to serve the interests of all its citizens.
It is crucial to avoid being sidetracked by a small portion of the population that continues to interpret issues through the lenses of politics, ethnicity, region, and religion.
CITIZENSHIP In order to achieve our national goals and objectives, it is imperative that we enhance our citizenship and remain steadfast in our commitment and loyalty to Nigeria.
The moral integrity of citizens and their trust in the nation are essential components for the success of the Renewed Hope Agenda.
The National Identity Project will commit to upholding ethical principles, shared values, and beliefs in 2025.
In the first quarter of 2025, the Federal Executive Council will unveil the National Values Charter.
An ambitious national orientation campaign is set to be launched, aimed at fostering patriotism and love for the country while inspiring citizens to unite in solidarity.
The Charter aims to establish mutual commitments between the government and its citizens, fostering trust and cooperation within our diverse population and enhancing the relationship between the two parties.
The extensive and fundamental nature of our reforms hinges on the necessity of shared values and identities, along with an unwavering love for our nation, to achieve the intended results.
The first quarter of 2025 will see the start of the Youth Confab, emphasizing a commitment to youth inclusivity and their crucial role in nation-building.
The Ministry of Youth will soon announce the modalities for selecting the conference’s representatives from our diverse, youthful population.
Esteemed fellow citizens, It is essential to maintain confidence in your abilities and to uphold faith in our fortunate nation. This New Year’s message serves as a call to action for governors and local council chairpersons to collaborate effectively with the central government.
By doing so, they can capitalize on emerging opportunities in agriculture, livestock, and tax reforms—ultimately propelling our nation forward.
I commend governors who have embraced our Compressed Natural Gas initiative by launching CNG-propelled public transport. Congratulations are in order for those who have embraced electric vehicles, contributing to our national energy mix and transition.
The federal government is committed to providing essential support to the states. Citizens, your sacrifices over the past 19 months have not gone unnoticed. I assure you that we will continue to acknowledge their efforts in the upcoming months.
Let us unite in our efforts to continue the journey of nation-building. We anticipate a promising future in the upcoming New Year, one that aligns with the aspirations of many, especially the vision for a better Nigeria. Wishing blessings upon everyone and hoping for continued blessings for our cherished nation, Nigeria.
