Nigeria 2025: Key Highlights from January 1st

President Bola Tinubu delivered a New Year's message outlining his administration's vision for 2025, highlighting plans to stimulate economic growth, address the cost-of-living crisis, and address issues of inflation. He also emphasized the importance of national unity and a commitment to transparency.

In his New Year's message, President Bola Tinubu acknowledged the current challenges of rising costs and unemployment, but expressed optimism about Nigeria's economic future. He outlined plans to address these issues through expanded credit access, a National Credit Guarantee Company, and a National Values Charter.

President Tinubu claimed that the Nigerian economy was experiencing positive and encouraging signs despite ongoing economic difficulties. He pointed to a gradual decrease in fuel prices and three consecutive quarters of foreign trade surpluses, showcasing a positive outlook for the economy despite concerns about inflation and increased cost of living.

Nigerian stocks ended 2024 with a 38% yield, driven by a rise in foreign participation to 16% of market value, while the Oil & Gas sector led as the best-performing for the second consecutive year.

The naira closed 2024 at N1,535/$1, down 69%, as the Central Bank noted increased portfolio investments in equity and money markets contributed to higher capital inflows.