The Minister of Budget and National Planning, Senator Abubakar Bagudu, has assured Nigerians that the country’s economy will improve in 2025, with lower inflation rates and more employment opportunities.
Here are the key points from Bagudu’s statement:
1. Economic Improvement: Bagudu predicted that Nigeria’s economy will experience significant growth in 2025, driven by the government’s policies and reforms.
2. Lower Inflation: The minister expects inflation rates to decrease in 2025, providing relief to Nigerians who have been battling with high prices of goods and services.
3. Job Creation: Bagudu promised that the government’s efforts will lead to the creation of more jobs, reducing unemployment rates and improving the standard of living for Nigerians.
4. Infrastructure Development: The minister highlighted the government’s commitment to investing in critical infrastructure, including roads, bridges, and public transportation.
5. Security and Human Capital Development: Bagudu emphasized the government’s focus on improving security and investing in human capital development, including education and healthcare.
The minister’s optimistic outlook is based on the government’s recent policies and reforms, including:
1. Economic Diplomacy: President Bola Tinubu’s economic diplomacy efforts, which have attracted foreign investments and partnerships.
2. Reforms and Policies: The government’s reforms and policies aimed at improving the business environment, reducing corruption, and increasing transparency.
Overall, Bagudu’s statement suggests that Nigerians can expect a better economy and improved living standards in 2025.
Source: Vanguard
