President Bola Ahmed Tinubu has assured Nigerians of a stronger and more stable economy, emphasizing that his administration’s reforms are starting to yield positive results.
Tinubu made this statement on Wednesday during the presentation of the 2025 Appropriation Bill to a joint session of the 11th National Assembly in Abuja.
In his address, the president 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.
“Nigerians will soon experience a better and more functional economy. Global economic growth for the outgoing year was 2.0 per cent.
“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.”
The president presented the proposed N47.96 trillion budget to the joint session, which aims to build on the successes of the 2024 fiscal plan. The budget reflects Tinubu’s vision of economic recovery and growth, driven by targeted reforms and strategic investments.
Tinubu’s administration seeks to stimulate the economy further through fiscal measures designed to enhance productivity and stability while prioritizing public welfare. With the 2025 budget, the president reaffirmed his commitment to sustaining Nigeria’s upward economic trajectory.
