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Tinubu Urges Governors, Local Councils To Revolutionise Agriculture, Tax Reform Opportunities In 2025
Tinubu also explained efforts to boost food production and local manufacturing of essential goods, including medical supplies, as a strategy to lower living costs.
Abuja, Nigeria- President Bola Ahmed Tinubu has called on Nigerian governors and local council chairpersons to collaborate closely with the central government in harnessing opportunities in agriculture, livestock development, and tax reforms to drive national progress.
In his 2025 New Year message, Tinubu commended the states that have embraced green energy solutions, Tinubu praised governors who have launched Compressed Natural Gas (CNG)-powered public transportation systems and adopted electric vehicles.
“The Federal Government will always offer necessary assistance to the states,” he assured.
While stating his administration’s commitment to easing economic pressures, the president outlined ambitious plans for 2025.
“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,” he stated.
Tinubu also explained efforts to boost food production and local manufacturing of essential goods, including medical supplies, as a strategy to lower living costs.
To enhance economic growth, he pledged to expand access to credit for individuals and key economic sectors, aiming to bolster national output and improve livelihoods.
“To achieve this, the federal government will establish the National Credit Guarantee Company to expand risk-sharing instruments for financial institutions and enterprises.
He explained that 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,” Tinubu added.
