Economic Turnaround: Tinubu Credits Policies for Positive Shift and Nigerian Sacrifices
President Bola Tinubu has assured Nigerians that their sacrifices are yielding positive outcomes, as the nation’s economy shows signs of improvement in response to his administration’s policies.
During the presentation of the 2025 budget to the National Assembly, Tinubu emphasized that recent reforms are beginning to produce favorable results and reaffirmed his commitment to sustaining these measures without reversal.
The 2025 budget, themed the “Budget of Restoration,” aims to consolidate key government policies to stimulate economic growth.
Tinubu highlighted that the budget focuses on advancing national security, creating economic opportunities, investing in the youthful population, infrastructure development, and national re-orientation. He stated, “But more than that, this will lay a solid foundation for Nigeria’s future growth trajectory.”
The President acknowledged the challenges faced by Nigerians due to recent economic reforms but maintained that these measures are essential for long-term stability and prosperity.
He noted that the economy is responding positively to stimulus and assured citizens that the government is dedicated to implementing policies that will lead to a better and more prosperous future.
In line with these reforms, the World Bank has observed positive results from Nigeria’s fiscal adjustments, including a reduction in the fiscal deficit and improvements in the foreign exchange market.
The World Bank projects Nigeria’s economic growth at 3.3% this year, with an expected rise to 3.6% in 2025.