In a heartfelt New Year’s message, President Bola Ahmed Tinubu laid out his administration’s plans to tackle economic challenges, promote youth inclusiveness, and strengthen national unity. The address underscored the Federal Government’s commitment to transformative reforms and sustainable growth.
Key Highlights from the President’s Address
1. Economic Stability and Inflation Reduction
President Tinubu announced a bold goal of reducing inflation from 34.6% to 15% in 2025. This will be achieved by:
- Boosting local food production.
- Supporting the manufacturing of essential drugs and medical supplies.
- Expanding access to credit for individuals and critical economic sectors.
2. National Credit Guarantee Company
The Federal Government plans to establish the National Credit Guarantee Company by Q2 2025. This initiative will:
- Expand risk-sharing instruments for financial institutions and enterprises.
- Support underserved groups, including women and youth.
- Drive growth, re-industrialization, and improved living standards.
This company will partner with institutions like the Bank of Industry, the Nigerian Sovereign Investment Agency, and private-sector players to strengthen the financial system.
3. Youth Confab and Inclusivity
To foster youth participation in nation-building, the Youth Confab will commence in Q1 2025. The Ministry of Youth will soon unveil the selection process for representatives, ensuring diverse voices are heard.
“The Youth Confab is a testament to our commitment to youth inclusiveness and investment as nation-builders,” the President emphasized.
4. Compressed Natural Gas (CNG) and Electric Vehicles
Acknowledging states embracing CNG-propelled transport and electric vehicles, Tinubu reiterated the Federal Government’s support for energy transition efforts.
5. National Values Charter and Unity Campaign
In Q1 2025, the President will launch the National Values Charter, a document promoting shared ethical principles and patriotism under the National Identity Project. This initiative aims to strengthen the bond between citizens and the government.
“The Charter will foster trust and cooperation among our diverse population and between the government and citizens,” Tinubu stated.
The President urged Nigerians to remain united and steadfast in the collective mission of building a stronger nation.
“We are on the right path to building a great Nigeria that works for everyone. Let us stay focused and united,” he concluded.
With these plans, the Federal Government seeks to transform 2025 into a year of promise and achievement, bolstering the nation’s economy, inclusivity, and shared values.
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