Tinubu: Nigeria is Working, Our Worst Days Now Behind Us Declares zero VAT on food, education, healthcare, rent, others Discloses external reserves grew by 500% from $4bn to over $23bn Edun: Impression Nigeria Will Borrow $25 Billion in Two Years Erroneous –Page 66
Emmanuel Addeh in Abuja
President Bola Ahmed Tinubu has
maintained that the economic reforms which he embarked upon in the last two years are working and yielding
the expected results, insisting that the worst is already behind the country. In a nationwide broadcast Thursday
morning, to mark the second year since he assumed office, the President dismissed recent concerns over
fluctuating crude oil prices, which recently hit $58/barrel, despite a $75/ barrel budget benchmark, pointing
out that Nigeria’s fiscal targets for Continued on page 62
Dangote Refinery Ends Nigeria’s Status as Africa’s Biggest Fuel Importer... Page 62
Thursday 29 May, 2025 Vol 30. No 11008. Price: N400
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President Bola @2 Ahmed Tinubu Over 900,000 beneficiaries of Presidential Loan and Grant Scheme Over 300,000 beneficiaries of Students’ Loan Scheme Over $10 billion FX debt cleared Over 440 ongoing road projects, including over 2,700km of superhighways 3.84% GDP growth in Q4 2024, highest in 3 years N70,000 minimum wage payment Over 13,500 terrorists eliminated Over $50 billion in new FDI commitments Net Foreign Exchange Reserves up from $3.99 billion (2023) to $23.11 billion (2024) Over $8 billion in new oil and gas investments unlocked 4 new landmark Tax Bills 5 new Regional Development Commissions Over $800 million realized in processing investments in solid minerals in 2024 This is a May 29th 2025 Publication of