Senator Jimoh Ibrahim has expressed optimism about Nigeria’s economic future, despite concerns over rising prices and debt.
According to a video posted by Channels TV from 32:46, he noted that prices of essential commodities like rice have increased over the years, comparing the costs during Obasanjo, Buhari, and Jonathan’s tenures. Jimoh stated that increase in price is a natural phenomenon, and Nigerians must adapt to the changes.
Senator Jimoh emphasized that the country is undergoing economic reforms, which will eventually yield benefits. He assured Nigerians that the debt service ratio will decrease to around 50% by 2025, bringing hope to the nation.
Senator Jimoh stated that “The New Hope” agenda is a cornerstone of President Tinubu’s campaign, is expected to yield tangible benefits for the populace.
The success of the New Hope agenda is seen as crucial to President Tinubu’s reputation and the overall perception of his administration.
In his own words, “Let me ask you a simple question, what was the cost of a bag of rice during Obasanjo tenure compared to Buhari’s own? And what was the price of a bag of rice during Jonathan’s tenure? They can’t be the same. The prices of things will continue to go up, you also have to move on with your life. What I’m telling you clearly is that we are in the face of a reform, and we are transiting from that reform to benefits. So Nigerians should be hopeful in this year 2025, as our debt service ratio would have come down to about 50 percent.”
”The inflation would have gone to 15 percent, the crude oil supply would have gone up, giving a better life to Nigerians. The New Hope agenda would become something that you would thank the president for, this is where his legitimacy hangs on.”
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