I write to you with utmost respect and concern for the well-being of Nigerians. As you navigate the complexities of leading our great nation, I pray that Allah grants you the wisdom to make Nigeria great again.
As the year 2024 draws to a close, the outlook for the new year offers renewed hope for millions of Nigerians. The past year and a half have been marked by rising inflation, food insecurity, and escalating violence. The country’s economic woes, coupled with the government’s struggles to address the security challenges, have taken a toll on the citizens’ morale.
As the clock ticks down to the start of a new year, Nigerians are hoping forrespite rom the current hardship in 2025. The sense of desperation is palpable, and the government faces mounting pressure to deliver on its promises and restore hope to a disillusioned citizenry.
The year 2024 has been one of the most challenging for Nigerians, with the uncertainty and hardship that have become unbearable, leaving citizens struggling to survive.
Nigeria’s current state is alarming, with a disturbing score of 28.8 on the 2024 Global Hunger Index, ranking the country 110th out of 127 countries. This score indicates a serious level of hunger, driven by high inflation rates, food inflation, and poor macroeconomic conditions.
I urge you to take bold steps to address these challenges. Engage with local industries to address food inflation and hold those responsible for hoarding foodstuffs accountable. The future of Nigeria depends on the actions you take today.
The proposed 2025 budget boasts a significant 74.18% increase, reaching N47.9 trillion in nominal terms, which signals a bold fiscal strategy aimed at tackling persistent infrastructure gaps and development challenges. However, when viewed in dollar terms, the budget contracted by 23.22%, dropping from $36.7 billion in 2024 to $28.18 billion in 2025.
This reduction in real value limits the potential impact of the budget on economic growth and the well-being of the population. Despite this, the nominal increase in the 2025 budget reflects an ambitious policy shift.
The most concerning aspect of the budget proposal is its ambitious revenue projection of N34.8 trillion. The proposed budget of N47.90 trillion allocates a staggering N15.81 trillion for debt servicing, leaving a significant deficit of N13.0 trillion.Defence/Security*: N4.91 trillion, *Infrastructure: N4.06 trillion, Health N2.4 trillion and Education*: N3.5 trillion. These figures highlight the government’s priorities, but the significant deficit and substantial debt servicing allocation raise concerns about the budget’s sustainability and potential impact on the economy.
Nevertheless, 2025 budget success hinges on several key factors, including: Effective stop of Revenue Generation leakage, Debt Management, Project Execution, Addressing Inflation and Exchange Rate Volatility. If these challenges are not addressed, the budget’s ability to deliver meaningful growth could be limited.
May Allah grant you the strength and resilience to overcome the daunting challenges facing our nation. May He instill in you a deep sense of justice, guiding you to lead with fairness and wisdom for the development and prosperity of our people and country. Pray for Allah’s protection over our nation, its leaders, and citizens. May He bless our country, forgive our transgressions, and have mercy on us. May He thwart the plans of those who harbor ill intentions against our great nation, Nigeria. Just as You have protected us in the past, we seek Your continued protection and guidance.
May Allah unite our nation around the principles of justice, peace, love, and faith. May He fill our hearts with love and appreciation for the diversity that makes our nation so beautiful. In our weakness, speechlessness, and helplessness, we turn to , Allah, to protect us and our leaders from error and guide them to all that is good for us. May He guide them to work tirelessly for the unity, peace, progress, and stability of Nigeria.
Wishing Nigerians happy new year in advance