Your sacrifices won’t be in vain, the economy is responding positively to my policies – Tinubu assures Nigerians
President Bola Ahmed Tinubu has assured Nigerians that their sacrifices amidst ongoing economic reforms will not be in vain, promising visible benefits soon. He made this commitment on Wednesday while presenting the ₦47.9 trillion 2025 Appropriation Bill to a joint session of the National Assembly.
Acknowledging the hardships Nigerians have faced over the past 18 months, Tinubu emphasized the importance of patience and persistence, describing the budget as a vehicle for economic restoration and growth. He highlighted positive economic indicators, including a trade surplus of ₦5.8 trillion and foreign reserves nearing $42 billion, as evidence of progress.
The 2025 budget focuses on key areas such as human capital development, trade and investment, oil and gas production, manufacturing revitalization, and infrastructure. Tinubu expressed confidence that these measures would strengthen Nigeria’s economy and lay a foundation for sustained growth.
He said; The journey of economic renewal and institutional development, which we began 18 months ago as a nation, is very much underway. It is not a journey of our choosing but one we had to embark on for Nigeria to have a real chance at greatness. I thank every Nigerian for embarking on this journey of REFORMS and TRANSFORMATION with us.”
“The road of reforms is now clearly upon us, and as the President of this blessed nation, I know this less-travelled road has not been easy; that there have been difficulties and sacrifices. They will not be in vain. And we must keep faith with the process to arrive at our collectively desired destination.”
“We must build on the progress we have made in the past 18 months in restructuring our economy and ensuring it is strong enough to withstand the headwinds of any future shocks of the global downturn.”
“The global economic growth for the outgoing year 2024 was projected at 3.2 percent, and against predictions, our country made significant progress. Our economy grew by 3.46 percent in the third quarter of 2024, up from 2.54 percent in the third quarter of 2023.”
“These clear results of gradual recovery, among others, reflect the resilience of our economy and the impact of deliberate policy choices we made from the outset.”“This will lay a solid foundation for Nigeria’s future growth trajectory.”
