Uzodimma
By Ab Susan
Imo State Governor, Senator Hope Uzodinma, has declared that President Bola Ahmed Tinubu’s economic policies are reviving Nigeria’s economy. According to Uzodinma, the “Renewed Hope Agenda” is restoring prosperity to Nigeria through bold decisions such as removing fuel subsidies, unifying exchange rates, and introducing far-reaching fiscal reforms.
These reforms have started yielding positive outcomes, with the nation’s economy recording steady growth, declining inflation and interest rates, and increased revenue accruing to the three tiers of government. The African Development Bank has announced plans to lend Nigeria $500 million in 2025 as part of a $1 billion budget support program, citing reforms initiated under Tinubu’s administration.
Uzodinma emphasized that the president inherited a struggling economy in 2023 but took bold and necessary decisions to save the nation. The governor praised Tinubu for his foresight, stating that the removal of fuel subsidies and unification of exchange rates were decisive moves that have begun yielding positive outcomes.
The government has also focused on boosting the oil sector, with Nigeria’s crude oil production rising to between 1.7 million and 1.83 million barrels per day, thanks to increased drilling activity and investment-friendly policies. The administration aims to create a sustainable path for Nigeria’s growth, with infrastructure development being a key part of the agenda.
In addition, the government plans to roll out a massive economic empowerment initiative that will directly impact communities across the nation’s 774 local government areas, targeting artisans, entrepreneurs, and professionals in various sectors. At least 1,000 small businesses will be established in every electoral ward within the next six to twelve months.
