By Joy Odor
A Federal Lawmaker, representing Ifo/Ewekoro Federal Constituency of Ogun State in the National Assembly, Hon Isiaka Ibrahim has noted that in the last 18 months of President Bola Tinubu leadership, Nigeria’s economy has shown notable signs of improvement, with a 3.46% GDP growth in the third quarter of 2024, up from 2.54% in the third quarter of 2023.
Recall that the President also highlighted other achievements, such as: Increased Foreign Reserves: Nearly $42 billion, providing a robust buffer against external shocks, Trade Surplus: 5.8 trillion naira, reflecting the country’s rising exports, Reduced Inflation: Projected to decline from 34.6% to 15% in 2025, Improved Exchange Rate: Expected to improve from approximately 1,700 naira per US dollar to 1,500 nair.
The Lawmaker who stated this in an interview with newsmen shortly after the presentation of the 2025 budget by President Bola Tinubu to the joint session of the national assembly on Wednesday noted that the developments indicate that President Tinubu’s economic reforms are yielding positive results, and the administration is committed to continuing these efforts to stabilize the economy and improve the lives of Nigerians.
He affirmed that President Bola Ahmed Tinubu deserves encouragement from Nigerians and called on Nigerians to continue supporting Tinubu’s transformative economic agenda.
Rep. Isiaka noted the importance of security improvements and sustainable economic policies in the upcoming fiscal year, assuring that every effort is being made to achieve prosperity for all Nigerians.
Rep. Isiaka urged citizens to stay committed as the government works toward long-term prosperity and assured Nigerians that the government is committed to managing resources transparently.
According to him, the National Assembly will ensure the government is held accountable with the ongoing 2023 and 2024 budgets while all projects would be completed, benefiting the people.
“President Bola Tinubu has been truthful to Nigerians on the 2023 and 2024 budget, he came boldly to tell all Nigerians that he has not finished spending our money of 2023 and 2024 budget under his custody, that the money has been moved to capital projects and other promising projects.
“Our external reserves have been restored to $42 billion, a true testament to our steady growth.
“As pressmen you have been following the trajectory of our economy’s journey over the years, though it has been tough but there is light at the end of the tunnel. We have made substantial progress, and we must keep moving forward because if we don’t, how do we get to the end of the tunnel
“We will ensure that the promises made are kept, and Nigerians will feel the impact,” he affirmed.
