Tunde Omoniyi
A chieftain of the All Progressives Congress (APC) in Osun State, Mr Olatunbosun Oyintiloye, says President Bola Ahmed Tinubu’s economic policies are improving Nigeria’s revenue and will start yielding positive results next year.
He stated this in a media chat with newsmen on Monday,December 29,2024 in Oshogbo,while appreciating the endurance of Nigerians amid economic hardship, said the bold steps in the economic reforms were necessary.
He says Nigeria is navigating significant economic changes prompted by bold reforms introduced by the President.
The APC Chieftain who lauded Nigerians for their patience amid rise in the cost of living, said 2025 would be a year of “positive harvest of the Tinubu-led government economic policies.”
He said the rewards of the removal of petrol subsidy and the floating of the Naira, which caused temporary discomfort for Nigerians in the outgoing year, would put smiles on their faces soon.
Oyintiloye added that the recent reduction in the pump prices of petrol was a positive signal that Nigerians would have reasons to celebrate in 2025.
He said given the positive indicators, more investors would soon be attracted to the country and many jobs would be created.
“Currently, President Tinubu’s economic reforms have triggered a dramatic surge in revenue allocation from federation accounts to states, which allows them to deliver bigger dividends of development to Nigerians.
“Also, in response to Nigeria’s escalating economic challenges, the President approved $2.25 billion injection into the economy.
“This funding, sourced from the World Bank, is to enhance revenue and support economic reforms amid the severe cost-of-living crisis.
“As part of a rapid stabilisation and development strategy, this urgent financial assistance is intended to revive the economy quickly.
“The funds are specifically targeted to reduce interest rates in key sectors and provide credit lines to support small, medium-sized and large businesses.
“Nigerians should be rest assured that we will surely see even more of the positive outcomes of the President’s reforms in infrastructure, agriculture, security, health care, education, creative and digital economy, among others in 2025,” he said.
Investigator news reports that Oyintiloye, who is a member of the defunct APC Presidential Campaign Council (PCC), urged Nigerians to support, cooperate and pray for the president to achieve economic prosperity for the country