2025; President Tinubu floats company to bring down food, prices, promises prosperity in nationwide broadcast
2025: President Tinubu floats company to bring down food prices, promises prosperity in nationwide broadcast
President Bola Tinubu on Wednesday said the year 2025 would bring brighter days for all Nigerians.
The president, who said this in his New Year message to Nigerians, added that his government would fulfill the collective desires of Nigerians.
He said though 2024 posed numerous challenges, he was confident that the New Year would bring brighter days.
“Economic indicators point to a positive and encouraging outlook for our nation.
” Fuel prices have gradually decreased, and we recorded foreign trade surpluses in three consecutive quarters.
“Foreign reserves have risen, and the naira has strengthened against the US dollar, bringing greater stability.
“The stock market’s record growth has generated trillions of naira in wealth, and the surge in foreign investment reflects renewed confidence in our economy,” he said.
The president, however, said the cost of food and essential drugs remained a significant concern for many Nigerian households in 2024.
He gave an assurance that his government would intensify efforts to lower these costs by boosting food production and promoting local manufacturing of essential drugs and other medical supplies.
The president promised to reduce inflation from its current high rate of 34.6 per cent to 15 per cent.
He said with diligent work and God’s help, his government would achieve this goal and provide relief to all Nigerians.
“In this new year, my administration will further consolidate and increase access to credit for individuals and critical sectors of the economy to boost national economic output.
“To achieve this, the Federal Government will establish the National Credit Guarantee Company to expand risk-sharing instruments for financial institutions and enterprises,” he said.
The president said the company was expected to start operations before the end of the second quarter.
He added that it would be a partnership of government institutions.
The institutions, he said, would include Bank of Industry, Nigerian Consumer Credit Corporation, Nigerian Sovereign Investment Agency, Ministry of Finance Incorporated as well as private sector and multilateral organisations.
The president expressed optimism that this initiative would strengthen the financial system, expand credit access and support under-served groups such as women and youths.
He said it would also drive growth, re-industrialisation and better living standards for Nigerians.
“On a personal note, thank you for placing your confidence in me as your president.
” Your trust humbles me, and I promise to continue serving you diligently and wholeheartedly.
” We will continue to embark on necessary reforms to foster sustainable growth and prosperity for our nation.
“I seek your cooperation and collaboration at all times as we pursue our goal of a one trillion-dollar economy.
” Let us stay focused and united,” Tinubu said.
According to him, Nigeria is on the right path to building a great nation that will work for everyone.
“Let us not get distracted by a tiny segment of our population that still sees things through the prisms of politics, ethnicity, region and religion,” the president said. (NAN)
News
Scores of terrorists neutralised after Major attacks on military base
Scores of terrorists neutralised after Major attacks on military base
Nigerian troops have successfully neutralised several terrorists and thwarted coordinated attacks in Adamawa and Borno States.
The Joint Task Force, Operation Hadin Kai, announced that the successes followed swift and decisive responses by soldiers to attempts by insurgents to overrun military formations in the North-East.
In a statement issued on Friday, Acting Media Information Officer of the Task Force, Lieutenant Solomon Atokolo, confirmed that the operations resulted in heavy casualties for the terrorists.
He explained that the first attack took place in the early hours of January 16, 2026, when insurgents targeted a patrol base at Sabon Gari in Madagali Local Government Area of Adamawa State.
Atokolo stated that troops under Sector 4 of Operation Hadin Kai quickly engaged the attackers and successfully repelled them. He added that reinforcements from Gulak and the Battalion Quick Reaction Force were promptly mobilised to support the operation, ensuring that the assault was decisively crushed.
“The terrorists were successfully repelled without any casualty to our troops or damage to equipment, forcing them to abandon the attack,” the statement said.
He added that security forces later carried out clearance operations in the surrounding area, scanning for improvised explosive devices and booby traps to guarantee the safety of both civilians and personnel.
In a separate incident on the same day, terrorists staged a large-scale, multi-directional attack on Forward Operating Base (FOB) Azir in Borno State.
The attackers attempted to breach the base’s defensive perimeter but were met with fierce resistance from troops. With support from the Air Component and other Nigerian Army aerial platforms, the soldiers unleashed sustained firepower that compelled the insurgents to retreat.
Although rocket-propelled grenade fire from the terrorists damaged some troop-carrying vehicles and partially affected the base’s CCTV control room, Atokolo said troops maintained full control of the situation and prevented any further breach.
The military spokesperson disclosed that several weapons and ammunition were recovered from the fleeing terrorists.
Items seized included a 60mm mortar tube, mortar bombs, locally fabricated explosives, heavy machine gun rounds, and hundreds of rounds of 7.62mm NATO ammunition.
The Joint Task Force commended the professionalism and resilience of the troops, reaffirming its commitment to sustaining operations aimed at restoring lasting peace and security to the North-East region.
Scores of terrorists neutralised after Major attacks on military base
Nigerian troops have successfully neutralised several terrorists and thwarted coordinated attacks in Adamawa and Borno States.
The Joint Task Force, Operation Hadin Kai, announced that the successes followed swift and decisive responses by soldiers to attempts by insurgents to overrun military formations in the North-East.
In a statement issued on Friday, Acting Media Information Officer of the Task Force, Lieutenant Solomon Atokolo, confirmed that the operations resulted in heavy casualties for the terrorists.
He explained that the first attack took place in the early hours of January 16, 2026, when insurgents targeted a patrol base at Sabon Gari in Madagali Local Government Area of Adamawa State.
Atokolo stated that troops under Sector 4 of Operation Hadin Kai quickly engaged the attackers and successfully repelled them. He added that reinforcements from Gulak and the Battalion Quick Reaction Force were promptly mobilised to support the operation, ensuring that the assault was decisively crushed.
“The terrorists were successfully repelled without any casualty to our troops or damage to equipment, forcing them to abandon the attack,” the statement said.
He added that security forces later carried out clearance operations in the surrounding area, scanning for improvised explosive devices and booby traps to guarantee the safety of both civilians and personnel.
In a separate incident on the same day, terrorists staged a large-scale, multi-directional attack on Forward Operating Base (FOB) Azir in Borno State.
The attackers attempted to breach the base’s defensive perimeter but were met with fierce resistance from troops. With support from the Air Component and other Nigerian Army aerial platforms, the soldiers unleashed sustained firepower that compelled the insurgents to retreat.
Although rocket-propelled grenade fire from the terrorists damaged some troop-carrying vehicles and partially affected the base’s CCTV control room, Atokolo said troops maintained full control of the situation and prevented any further breach.
The military spokesperson disclosed that several weapons and ammunition were recovered from the fleeing terrorists.
Items seized included a 60mm mortar tube, mortar bombs, locally fabricated explosives, heavy machine gun rounds, and hundreds of rounds of 7.62mm NATO ammunition.
The Joint Task Force commended the professionalism and resilience of the troops, reaffirming its commitment to sustaining operations aimed at restoring lasting peace and security to the North-East region.
News
Federal Govt warns States against negotiating with Bandits
Federal Govt warns States against negotiating with Bandits
The Minister of Defence, Christopher Musa, has urged state governments across the country to stop engaging in negotiations with bandits, warning that such actions undermine national security efforts.
Musa made the call during an interview with BBC Hausa, where he expressed concern that dialogue with criminal groups weakens ongoing military operations.
According to him, reaching agreements with bandits often proves futile, as they cannot be trusted to honour their commitments.
He argued that many of the criminals lack genuine remorse and are likely to renege on any deals struck with them.
The minister disclosed that the Katsina State Government was cautioned over its recent decision to facilitate the release of 70 suspected bandits from custody.
However, the Katsina government had defended the action, describing the move as essential to consolidating community-driven peace agreements with “repentant bandits” in several local government areas.
“Negotiation with bandits is not a way out, those people are not real, whenever they come for reconciliation, they need something,” Musa spoke in Hausa language.
“What’s happening in Katsina we told them, don’t ever make the mistake of reconciling with those people, they are liars.
“We begged people to stop negotiating with them and the government should stop. It’s not right and they will surely come back again. They don’t fear God.
“We already informed them it damages our work, we asked them to stop, you know it’s democracy now not military rule. But we are in talk with them.”
The defence minister refuted claim that the federal government pays ransom to kidnappers.
“Paying ransom is not good. People should stop paying ransom when they kidnap people. Report should be made and actions will be taken.”
“Federal government doesn’t pay for ransom. It might be other people and they are doing that on their own.”
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