Africa (Commonwealth Union) _ As the curtain closes on a challenging 2024, Nigerians from various sectors—manufacturing, academia, security, and local government unions—are rallying behind President Bola Tinubu to implement bold reforms that could reshape the country’s economy and society in 2025. These stakeholders, representing diverse interests, believe the new year presents a golden opportunity to reverse hardships and spark meaningful progress.
Reflecting on the sluggish performance of the manufacturing sector, Segun Ajayi-Kadir, Director-General of the Manufacturers Association of Nigeria (MAN), underscored the urgency of targeted fiscal and tax policy reforms. He called on the Central Bank of Nigeria (CBN) to stabilize interest rates and address the lingering N2.4 billion forex debt to manufacturers. The government’s promised N1 trillion credit facility, he added, could catalyze growth and offset the inflationary pressures that have plagued the sector.
Education advocates, led by ASUU President Prof. Emmanuel Osodeke, emphasized the need for accessible and quality education. He decried the growing burden of student loans and proposed that funds allocated to tertiary institutions, such as TETFUND, remain untouched. Osodeke urged the government to curb excessive expenditures and invest in educational systems that empower young Nigerians to thrive.
Meanwhile, calls for local government financial autonomy have gained traction. ALGON Secretary-General Mohammed Abubakar and NULGE President Akeem Ambali urged President Tinubu to expedite the crediting of local government accounts, emphasizing that grassroots financial empowerment is key to poverty alleviation and equitable development.
Security expert Dr. Kabir Adamu called for prioritizing the protection of lives and property, a constitutional mandate. Addressing insecurity is paramount to fostering an environment conducive to economic growth and stability.
The economy continues to face significant challenges. Ezonebi Oyakemeagbegha, of the Ijaw National Congress, urged the government to lower petrol prices and stabilize the naira to enhance its competitiveness. Improving electricity supply and ensuring small businesses thrive were also flagged as critical objectives.
As Nigeria transitions into 2025, these stakeholders remain cautiously optimistic. With robust reforms and clear implementation strategies, the Tinubu administration has the opportunity to transform collective challenges into stepping stones toward sustainable development and renewed hope for the nation.
