₦airaland Forum

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.

"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.

Kuginzi:
https://dailytrust.com/economy-responding-positively-to-my-policies-tinubu/

Bobloco:
Obviously, the economy is responding to your 'bolekaja' economic policy prescriptions, which is why there is a high inflation rate, high prices for basic food items, and extreme hunger, strife, and starvation.

Pinethree3:
Economy that is losing oxygen

Racoon:
Always living outside the reality of his cluelessness and incompetence. Demented druggie steaming from the influence of white powder.

richmond500:
U will see real reform when u go to the market and price.

Gbola Tinubu, u have been telling us "very soon" for the past one year.

Lithiumite:
These things are normal and expected with the ground breaking reforms introduced by this govt such as removal of petrol subsidy and devaluation of the currency.....those in export business are smiling right now and also those at the bottom of the agric value chain has never had it this good,I can personally attest to this.

It's now cheaper for a Togolese or Cameroonian to come to ABA to buy textiles or shoes than to import directly from Asia.

OkCornel:
Mr Tinubu, what is the progress update on your eight point agenda for Nigeria from August 29 2023 to date?

1. food security;
2. poverty eradication;
3. growth,
4. job creation;
5. access to capital;
6. inclusion;
7. rule of law; and
8. fighting corruption

https://punchng.com/translating-tinubus-8-point-agenda-to-recovery/?amp

And the 50 million jobs promised between 2023 to 2026

https://www.nairaland.com/7821154/tinubu-sets-3-year-economic-revival

Quite shameful to be lying to yourself at your old age.

Lithiumite:
In your copious myopia,you expect 6 decades of degenerative economic policies and dysfunctional statehood to be transformed in just over a year.....how?

Bondinus:
Them don send this one for damage control or special PR

Lithiumite:
It took china over 4 decades of grit and pain to get where they are today.....the Asian tigers never had it easy to get where they are today..... economic development isn't a tea party.

Lithiumite:
It took china over 4 decades of grit and pain to get where they are today.....the Asian tigers never had it easy to get where they are today..... economic development isn't a tea party.

Kuginzi:
https://dailytrust.com/economy-responding-positively-to-my-policies-tinubu/

OkCornel:
I wasn’t the one who set the 3 year timeline.
Your president did, but somehow I should be blamed for it?

Slaves would always defend their slave masters passionately. You love your chains.

richmond500:
China reforms didn't put them under this kinda torture.
It just aligns with their economy, Norway reforms didn't also put them under torture