The Federal Government has assured citizens that they would feel more the positive outcomes of President Bola Tinubu’s economic reforms in 2025.
The Minister of Information and National Orientation, Mohammed Idris, said the President cared for the good of the citizens through policies he introduced in 2024.
In his statement on Monday, titled “Counting the gains of President Tinubu’s economic renewal”, Idris listed student loans, consumer credit, the Compressed Natural Gas (CNG) policy, Electricity Act, Tax Reform Bill and foreign diplomatic visits as some policies that would affect the economic positively in 2025.
Alhaji Idris assured that when the Tax Reform Bill is passed in 2025, it will boost the country’s economy. He explained that many more citizens would benefit from the government’s consumer credit scheme.
As we step into a new year, during which we will mark the second anniversary of the Tinubu Administration, we will surely see even more of the positive outcomes of the President’s reforms, in infrastructure, agriculture, security, healthcare, education, creative and digital economy and many other areas.
The tax reforms, when passed into law and assented to, will cut personal and corporate income taxes for tens of millions of Nigerians, while also expanding VAT exemptions.
Consumer credit and student loans will reach many more people. Important indices such as foreign reserves position, trade surplus, oil production, and GDP growth are set to continue rising, even as greater work going into permanently taming inflation.
The 2025 budget – the very fittingly-themed “Budget of Restoration: Securing Peace, Rebuilding Prosperity” – is a convincing pointer of the federal government’s commitment to maintaining the positive course in which we are headed as a nation,” he said.
The Minister of Information enjoined Nigerians to support the President in his economic reforms.
He promised that the citizens’ sacrifices would be rewarded with development and prosperity.
We will continue to seek the understanding of Nigerians on this journey of, in the President’s words in the 2025 budget speech, ‘economic renewal and institutional development.’
The sacrifices will all surely be rewarded, and we shall surely and steadily advance towards our desired destination – a country where a progressively better life will be guaranteed for everyone, regardless of where in the country they happen to reside. Under President Tinubu’s watch, 2025 will represent a leap forward, towards that deserved destination,” he stated.
