Tinubu Administration Celebrates Achievements, Declares 2025 ‘Year Of Consolidation’

The Nigerian government today declared 2025 a pivotal year for consolidating the achievements of President Bola Ahmed Tinubu’s administration, highlighting significant progress made across various sectors in the past 19 months.

Information Minister Muhammed Idris, who announced this during a ministerial press briefing in Abuja, emphasized the importance of reviewing the administration’s accomplishments as it approaches its mid-term. He showcased a range of successes, categorized into key areas:

Economic Reforms and Fiscal Strength: The Minister cited the fuel subsidy removal, resulting in the plugging of substantial financial leakages; the introduction of the Electronic Foreign Exchange Matching System (EFEMS), leading to FX market stability and a recent eight-month high for the Naira; and significant oil and gas investment attracting over $5 billion in Final Investment Decisions (FIDs), making Nigeria the most attractive destination for such investment in Africa.

Further economic progress includes the passage of the 2024 Electricity Act, granting state governments greater power over electricity markets, and a landmark Supreme Court ruling granting unprecedented financial autonomy to local governments.

Targeted Social Programs and Development: Minister Idris highlighted the impact of the National Education Loan Fund (NELFUND), benefitting over 169,000 students with N32.8 billion in funding.

He also announced the establishment of new development commissions for the North-Central, South-East, and North-West regions, the creation of a Federal University of Environmental Technology, and the approval of a $1.07 billion World Bank loan for health programs, including cancer subsidies.

Passport reforms cleared a backlog of over 200,000 passports in just three weeks, and investments exceeding $450 million were committed to developing Nigeria’s CNG value chain.

Infrastructure Investment: The government boasts significant investment in infrastructure projects, with recent Federal Executive Council approvals exceeding N2.5 trillion allocated to roads, including N1.334 trillion for the Lagos-Calabar Coastal Highway, N470.9 billion for access roads to the Second Niger Bridge, and N195 billion for the Lagos-Ibadan Expressway reconstruction.

Security Enhancements: The Minister reported that security forces neutralized over 8,000 terrorists and bandits, rescued 8,000 kidnap victims, and established a collaborative Multi-Agency Anti-Kidnap Fusion Cell with the UK’s National Crime Agency in 2024.

Food Security Initiatives: The creation of a Ministry of Livestock Development aims to unlock the potential of a multi-billion-dollar agricultural sector and contribute to lower grain prices.

2025 Budget: A Focus on Restoration: The proposed N54.2 trillion (“Budget of Restoration”) budget prioritizes security (N4.91 trillion), infrastructure (N4.06 trillion), education (N3.52 trillion), and health (N2.48 trillion).

Minister Idris concluded by emphasizing that President Tinubu’s policies are fostering improved living standards for Nigerians. He stated, “We are witnessing a transformative era, where hope is being renewed for all Nigerians.”