President Bola Tinubu has stated that his administration’s bold and transformative policies are beginning to yield positive results.

He said this is evident in the gradual stabilisation of the Nigerian economy.

The President made these remarks in his message to Nigerians on the commencement of the Ramadan fasting.

According to him, the Gross Domestic Product, GDP, for the last quarter of 2024 showed a marked improvement over the same period in 2023.

He noted that the once-soaring prices of essential food items are now declining, providing much-needed relief to Nigerians, particularly those observing the fast.

Tinubu also stated that the exchange rate is stabilising, and fuel prices are falling, signalling a brighter future.

As the wet season approaches, he reaffirmed the government’s commitment to boosting agricultural productivity.

He said: “We remain steadfast in enhancing food production and ensuring self-sufficiency and food security for all Nigerians through targeted input support, mechanisation, and innovative farming initiatives. Our resolve to build a resilient and prosperous nation remains unwavering.”

On the Ramadan season, Tinubu described it as a sacred month that should serve as a time for sober reflection.

He said: “I call on all Nigerians to join hands in prayer and action for our beloved country’s continued growth and development. Let us fervently seek Allah’s guidance and protection for our nation, and let our words and deeds reflect our shared commitment to peace, unity, and progress.

“I congratulate the Muslim faithful in Nigeria and worldwide as we begin the sacred month of Ramadan.

“We are profoundly grateful to Almighty Allah for granting us the grace to witness the commencement of this holy month, a cornerstone of the Islamic faith. May this period of fasting and devotion be marked by good health, spiritual fulfilment, and divine blessings.

“Ramadan is a time for deep reflection, renewed devotion to Allah, and acts of compassion and generosity towards humanity.

“It is a season of spiritual rejuvenation, self-discipline, and empathy for the less fortunate. I urge all Muslims observing the fast to embrace the profound lessons of piety, humility, and selflessness that this holy month embodies. Let us use this period to strengthen our bonds with Allah and one another, fostering unity and peace in our communities.

“This year’s Ramadan holds special significance as it coincides with a period of renewed hope and progress for our nation.

“I extend my heartfelt wishes to all Muslims observing Ramadan for a month filled with joy, peace, and spiritual renewal. May the blessings of this holy month illuminate our hearts and homes, and may we emerge from it as better individuals and a stronger nation.

Ramadan Kareem!”

My administration’s bold policies yielding positive results — Tinubu