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In his New Year message, President Bola Tinubu assured Nigerians that the country’s economy is in a positive and encouraging state, despite the challenges of rising costs and unemployment.
Tinubu acknowledged that while the price of Premium Motor Spirit (PMS), or petrol, continues to exceed N1000 in many Nigerian cities, fuel prices have gradually decreased. He also pointed to significant economic achievements in 2024, including Nigeria’s foreign trade surpluses for three consecutive quarters.
“As we enter 2025, I wish everyone a happy and prosperous New Year. May you be rich in joy, success, and good health,” Tinubu said, expressing optimism for the year ahead.
The president highlighted key economic indicators that demonstrate the nation’s recovery, noting that foreign reserves have risen, and the Naira has strengthened against the US dollar. These developments, he said, are contributing to greater economic stability.
“Fuel prices have gradually decreased, and we recorded foreign trade surpluses in three consecutive quarters. 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,” he added.
However, Tinubu expressed concern about the rising cost of essential goods, particularly food and medicines, which have remained a significant issue for many Nigerian households in 2024.
Despite these challenges, the president urged citizens to maintain hope and continue to believe in the nation’s future. “I urge you to keep faith in our blessed country. Your sacrifices have not been in vain over the past 19 months, and I assure you they will not be in vain in the months ahead. Together, let us stay the course of nation-building,” Tinubu concluded.
