TINUBU PLEDGES MASSIVE FOOD PRODUCTION, INFLATION REDUCTION IN 2025



President Bola Tinubu has assured Nigerians of their resolve to boost food production and reduce inflation on food and drugs to 15 per cent, while strengthening the economy in 2025.

In his New Year message to the nation, President Tinubu highlighted economic growth indicators, including lower fuel prices, rising foreign reserves and a stronger Naira, as signs of progress in 2024 that would continue into 2025.

The President said Nigeria’s stock market’s record growth had generated trillions of naira in wealth, adding that the surge in foreign investment reflected renewed confidence in the country’s economy.

He however acknowledged persistent inflation and rising costs of essentials, vowing to intensify efforts to reduce inflation from 34.6 per cent to 15 per cent through reforms aimed at boosting food production and encouraging local manufacturing of drugs and medical supplies.

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