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FULL TEXT: Tinubu Pledges Economic Reforms, Stronger Naira In New Year Message

Published

8 months ago

January 1, 2025

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 risk-sharing instruments for financial institutions and enterprises.

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 devotion and allegiance to Nigeria.

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.

News

ITF Warns Organisations, Employers Against Rejection Of IT Students

Published

32 minutes ago

September 4, 2025

Editor

The Industrial Training Fund (ITF) has warned organisations and employers nationwide against rejecting students seeking attachment for their Industrial Training (IT) exercises.

ITF Area Manager in Bauchi, Dr Ashore Paul, issued the warning on Thursday during the orientation exercise for prospective IT students of the Federal Polytechnic, Bauchi.

Represented by Mrs Nanzem Yilshuut, Head of Training at the ITF Bauchi Area Office, Paul said that “the act establishing the Fund mandates every organisation to accept students for industrial attachment.”

He further stated that any employer or organisation found in breach of these provisions was liable to conviction and sanctions.

Paul also urged the prospective IT students to adhere to the rules and regulations of any organisation they joined and to be willing to learn and fulfill their responsibilities.

“When these students come back, we expect that there is a difference.

“They should have learned something new because definitely, what they learned in school, would be expected to be put into practicals.

“This will help them in their academics and also assist them in their future endeavours.

“They must participate 100 per cent, they must be disciplined and they must be willing to learn.

“We go round to ensure that they are doing what they are expected to do at their places of attachment.

“When we go for supervision, we ensure that what they are learning is in line with their courses,” he said.

The Rector of the institution, Sani Usman, said that the industrial attachment was an activity that enabled polytechnics to fulfill their mandate as technology and skill-driven institutions.

“Our students are given industrial experience during their first year so as to be registered in their minds that all of them are meant to be skilled class men and women and that is why the industrial attachment is very important.

“It enables them to build on what they have learned in their respective classrooms and practicals during the year,” he said.

Usman emphasised the importance of proper supervision during industrial training.

According to him, it will ensure students not only attend their placements but also carry out their assigned tasks effectively.

“The supervision is also to see that the employers or the places they have been sent to do their Students Industrial Work Experience Scheme (SIWES) do not exploit them to the level that is not required by the institution”, he said.

He further revealed that 3,000 students across all departments in the institution were going for this year’s SIWES.

News

Smokers Risk Cardiac Arrest, Expert Warns

Published

2 hours ago

September 4, 2025

Editor

A Professor of Cardiothoracic Surgery, in the department of surgery, Faculty of Clinical Sciences, College of Health Sciences, University of Uyo, Prof Eyo Ekpe has warned cigarettes smokers and patients with diabetes to take adequate of their chest in order not to fall a victim of cardiac arrest .

He said that these health conditions trigger certain types of abnormal heartbeats called arrhythmias responsible for sudden cardiac arrest.

Professor Ekpe gave the warning on Wednesday while delivering the 117th Inaugural Lecturer of the University of Uyo, titled “My Chest! My Chest!! My Chest!!!: Relieving Chest Pain, Preventing Death and Restoring Health”

He disclosed that many Nigerians have died for ignoring cardiac arrest triggers, preventing them, or seeking late medical attention to chest related ailments.

“Chest pain should not be ignored. Symptom of chest pain that is reported early would afford the clinician the opportunity to obtain adequate medical history from the person, medically examine the person thoroughly, optimally conduct the necessary laboratory tests to unravel the cause, and apply an evidence based treatment modality to relieve the chest pain, prevent death and restore heath.

“People should guard their heart diligently to prevent heart attack. Cigarette should not be smoked, high blood pressure should be prevented or controlled, diabetes mellitus should be prevented or controlled, and high blood cholesterol and lipoprotein should be prevented or controlled. A culture of regular physical exercise must be intentionally domesticated.

“People should guard their heart diligently to prevent cardiac arrest. Causes and triggers of arrhythmias should be prevented by preventing stress, hypertension, diabetes mellitus, obesity, coronary artery disease and electrolyte disorders, and avoiding cigarette smoking and alcohol abuse,” he stated.

Ekpe said medical consultation for chest problems should be with qualified medical doctors to avoid misdiagnosis, wrong treatment and complications, adding that regular medical checks and timely reports of symptoms of ailments must be prioritised.

“Safe-driving habit and road safety must be taken as a serious business. Seat restrained-belt should be used by all occupants of moving vehicles.

“Bicycles, motorcycles and tricycles should not ply traffic-congested roads. All victims of chest pain and chest injuries must be attended to by qualified medical doctors in a timely manner,” he advised.

News

FirstBank’s Digital Banking Channels Suffers Downtime

Published

3 hours ago

September 4, 2025

Editor

FirstBank has suffered a temporary disruption to its major digital banking channels, which will prevent some customers from completing transactions.

In a notice issued on Thursday, the bank said the downtime is affecting services on FirstMobile, FirstOnline, and its *894# USSD platforms.

“Please be informed that we are currently experiencing some downtime affecting transactions to other banks on FirstMobile, FirstOnline, and USSD platforms. Customers may therefore experience delayed or declined transactions,” the circular read.

The bank apologised for the inconvenience and assured customers that its technical team, working with partner service providers, is making every effort to restore full services as quickly as possible.

The disruption occurred less than two months after FirstBank introduced facial biometric authentication on its FirstMobile app, designed to enhance the customer experience and security.