7 Pledges Made by The FG in 2024

In 2023, President Bola Tinubu and his ministers vowed to actualise some of their promises to Nigerians in 2024.

The President in his New Year speech on Monday, January 1, 2024, also reiterated his commitment to fulfil his pre-election promises and further assured Nigerians his administration.

Security

He explained that troops had started taking proactive measures and strategies to combat bandits and terrorists in the north.

New Minimum Wage

In December 2023, the Minister of Information and Communication, Idris Mohammed, announced that a new wage structure would take effect from April 1, 2024.

Improved Electricity Supply

He said electricity supply across the country will improve with the Siemens gas deal between Nigeria and Germany and the completion of the Ajaokuta-Kaduna-Kano (AKK) pipeline project.

Refineries

By the end of 2024, all four state-owned refineries in Port Harcourt, Kaduna and Warri are expected to be operational if the FG’s promises on the facilities are anything to go by.

Students Loan

While speaking at the 29th National Economic Summit in October 2023, President Bola Tinubu said his government’s Students Loan Programme will commence in January 2024.

Loans for MSMEs

The FG is reportedly set to build on its past collaborations with stakeholders across the public and private sectors to provide financial support for MSMEs both in grants and loans.

New Regulations for Loan Apps

In December 2023, the Chief Executive Officer of the Federal Competition and Consumer Protection Commission (FCCPC), Babatunde Irukera, announced that the commission would unveil a new regulatory framework in 2024, to address Nigerians’ indebtedness to digital money lenders.