metro

Economy responding positively to my policies —Tinubu

Economy responding positively to my policies —Tinubu

President Bola Ahmed Tinubu says indicators have shown that the economy is responding positively to stimulus.

Tinubu, who said this while presenting the 2024 budget on Wednesday before a joint session of the National Assembly, said the focus of the 2025 budget was to stimulate the economy through the implementation of targeted fiscal stimulus packages through public expenditures and specific non-inflationary spending.

He said Nigerians would soon experience a better and more functional economy going by the positive indicators in the aspects of global economic growth and foreign reserve.

He said, “The global economic growth for the outgoing year 2024 was projected at 3.2 percent, and against predictions, our country made significant progress.

READ ALSO:

“Our economy grew by 3.46 percent in the third quarter of 2024, up from 2.54 percent in the third quarter of 2023.

“Our Foreign Reserves now stand at nearly 42 billion US dollars, providing a robust buffer against external shocks.

“Our rising exports are reflected in the current trade surplus, which now stands at 5.8 trillion naira, according to the National Bureau of Statistics.

“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.”

Tinubu said the goals of advancing national security, creating economic opportunities, investing in the youthful population, infrastructure development, and national re-orientation form the core of the 2025 budget.

“But more than that, this will lay a solid foundation for Nigeria’s future growth trajectory”, he said.

 

Economy responding positively to my policies —Tinubu

Trends Admin

Recent Posts

No Safe Level: Study Links Even Low Alcohol Intake to Higher Cancer Risk

No Safe Level: Study Links Even Low Alcohol Intake to Higher Cancer Risk Seattle, Washington –…

4 hours ago

Power Outage Hits Five States, Niger Republic as TCN Begins Transmission Line Repairs

Power Outage Hits Five States, Niger Republic as TCN Begins Transmission Line Repairs Abuja, Nigeria –…

5 hours ago

Oyo Boils as Teachers Strike, Protesters Demand Freedom for Abducted Pupils

Oyo Boils as Teachers Strike, Protesters Demand Freedom for Abducted Pupils Ibadan, Oyo State – Residents…

5 hours ago

Toyota Motor Show Roars into Lagos Tomorrow with Test Drives, Debates, Free Diagnostics, Others

Toyota Motor Show Roars into Lagos Tomorrow with Test Drives, Debates, Free Diagnostics, Others 4-Day…

5 hours ago

‘No Evidence’: Atiku Camp Fires Back at Babachir Lawal Over ADC Rigging Claims

‘No Evidence’: Atiku Camp Fires Back at Babachir Lawal Over ADC Rigging Claims Abuja, Nigeria –…

5 hours ago

Police Warn Nigerians Against Reprisal Over Fresh South Africa Xenophobic Attacks

Police Warn Nigerians Against Reprisal Over Fresh South Africa Xenophobic Attacks The Nigeria Police Force…

6 hours ago