Fellow Nigerians
As we enter 2025, I wish everyone a happy and prosperous New Year. May you be rich in joy, success, and good health.
As the new year dawns, it brings many hopes, aspirations, and prospects for better days. By the grace of God, 2025 will be a year of great promise in which we will fulfill our collective desires.
Though 2024 posed numerous challenges to our citizens and households, I am confident that the New Year will bring brighter days.
Economic indicators point to a positive and encouraging outlook for our nation.
Fuel prices have gradually decreased, and we recorded foreign trade surpluses in three consecutive quarters. Foreign reserves have risen, and the Naira has strengthened against the US dollar, bringing greater stability.
The stock market’s record growth has generated trillions of
naira in wealth, and the surge in foreign investment reflects renewed
confidence in our economy. Nevertheless, the cost of food and essential
drugs remained a significant concern for many Nigerian households in
2024.
In 2025, our government is committed to intensifying efforts to lower
these costs by boosting food production and promoting local
manufacturing of essential drugs and other medical supplies.
We are resolute in our ambition to reduce inflation from its current high of 34.6% to 15%. With diligent work and God’s help, we will achieve this goal and provide relief to all our people.
In this new year, my administration will further consolidate and increase access to credit for individuals and critical sectors of the economy to boost national economic output.
To achieve this, the federal government will establish the National Credit Guarantee Company to expand risk-sharing instruments for financial institutions and enterprises.
The Company—expected to start operations before the end of
the second quarter—is a partnership of government institutions, such as
the Bank of Industry, Nigerian Consumer Credit Corporation, the Nigerian
Sovereign Investment Agency, and Ministry of Finance Incorporated, the
private sector, and multilateral institutions.
This initiative will strengthen the confidence of the financial system,
expand credit access, and support under-served groups such as women and
youth. It will drive growth, re-industrialisation, and better living
standards for our people.
On a personal note, thank you for placing your confidence in me as your
president. Your trust humbles me, and I promise to continue serving you
diligently and wholeheartedly.
We will continue to embark on necessary reforms to foster sustainable growth and prosperity for our nation.
I seek your cooperation and collaboration at all times as we pursue our
goal of a one trillion-dollar economy. Let us stay focused and united.
We are on the right path to building a great Nigeria that will work for everyone. Let us not get distracted by a tiny segment of our population that still sees things through the prisms of politics, ethnicity, region, and religion.
CITIZENSHIP
To achieve our national goals and objectives, we must
become better citizens and uncompromising in our devotion and allegiance
to Nigeria.
Citizens’ moral rectitude and faith in our country are fundamental to
the success of the Renewed Hope Agenda. In 2025, we will commit to
promoting adherence to ethical principles, shared values, and beliefs
under the National Identity Project.
I will unveil the National Values Charter, already approved by the
Federal Executive Council, in the first quarter of 2025. I will launch
an ambitious national orientation campaign that fosters patriotism and
love for our country and inspires citizens to rally together. The
Charter will promote mutual commitments between the government and
citizens and foster trust and cooperation among our diverse population
and between the government and the citizens.
As far-reaching and foundational as our reforms are, they can produce
the desired outcomes only through shared common values and identities
and unconditional love for our country.
The Youth Confab will begin in the first quarter of 2025, a testament to
our commitment to youth inclusiveness and investment as
nation-builders. The Ministry of Youth will soon announce the modalities
for selecting the conference’s representatives from our diverse,
youthful population.
Dear Compatriots, I urge you to continue believing in yourselves and keeping faith in our blessed country.
Let me use this New Year’s message to urge our governors and local
council chairpersons to work closely with the central government to
seize emerging opportunities in agriculture, livestock, and tax reforms
and move our nation forward. I commend governors who have embraced our
Compressed Natural Gas initiative by launching CNG-propelled public
transport. I also congratulate those who have adopted electric vehicles
as part of our national energy mix and transition. The Federal
Government will always offer necessary assistance to the states.
To all citizens, your sacrifices have not been in vain over
the past 19 months. I assure you they will not be in vain even in the
months ahead. Together, let us stay the course of nation-building.
The New Year will bring us closer to the bright future we all desire and the Nigeria of our dreams.
God bless you all, and may God bless our beloved country, Nigeria.
Happy New Year and a prosperous 2025 to you all!
Bola Tinubu,
President of the Federal Republic of Nigeria
January 1, 2025
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