Nigeria’s President’s New Year’s Resolution

Nigeria’s President Bola Tinubu aims to reduce the country’s high inflation rate from 34.6% to 15% by the end of 2025 through boosting food production and local manufacturing of essential drugs. Despite acknowledging the challenges faced by households, he remains optimistic for the year ahead, citing positive economic indicators such as decreased fuel prices, foreign trade surpluses, Naira’s slight recovery, and increased foreign reserves under his administration since May 2023.

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