BAYO ONANUGA FROM THE NEWS NIGERIA
Although the Tinubu Administration’s midterm is five months away, President Bola Ahmed Tinubu can proudly reflect on his administration’s journey over the last 19 months. After initial turbulence, the government concluded 2024 stronger than 2023, as many policies began yielding significant results that even the most ardent detractors could not ignore.
Under President Tinubu’s leadership, NNPC Limited has fixed two of the four state-owned oil refineries, achieving what many had cynically regarded as improbable. The administration’s efforts have led to a rise in crude oil production, with an expected inflow of more dollars into the Federation Account and remarkable accretion into the foreign reserves. The government remains focused on gas development, attracting investors’ interest. Dollars have flowed into the country through fresh investments in several sectors. The administration created an innovative Ministry of Livestock Development to unlock the previously untapped potential in animal husbandry, steering the country from tragedy to opportunity.
The lucrative stock market ended the year on a high note, breaking its initial record under the Tinubu presidency. The All Share Index hit over 103,000 from 55,738 on May 30 2023. Market capitalisation is over N63 Trillion. In the last 19 months, local and foreign investors have invested unprecedented amounts in the market.
The government is also expanding the national road infrastructure stock by building legacy superhighways from Lagos to Calabar and Sokoto to Badagry…
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