{"id":350896,"date":"2024-12-31T06:46:40","date_gmt":"2024-12-31T05:46:40","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=350896"},"modified":"2024-12-31T06:46:40","modified_gmt":"2024-12-31T05:46:40","slug":"federal-government-pledges-to-lower-cost-of-living-create-jobs-in-2025","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2024\/12\/31\/federal-government-pledges-to-lower-cost-of-living-create-jobs-in-2025\/","title":{"rendered":"Federal Government Pledges to Lower Cost of Living, Create Jobs in 2025"},"content":{"rendered":"<ul class=\"marker:text-textOff list-disc pl-8\">\n<li><strong>The Federal Government aims to reduce living costs by addressing food prices and creating more jobs, as stated by Finance Minister Wale Edun<\/strong><\/li>\n<li><strong>A recent investment trip to Saudi Arabia resulted in a $1.2 billion investment, expected to boost foreign exchange and job creation<\/strong><\/li>\n<\/ul>\n<hr \/>\n<p>The Federal Government is committed to reducing living costs by tackling food prices and creating more jobs in 2025.<\/p>\n<p>This was disclosed by the <a href=\"https:\/\/www.withinnigeria.com\/news\/2024\/11\/19\/tinubu-committed-to-lifting-nigerians-out-of-poverty-finance-minister\/\">Minister of Finance<\/a> and Coordinating Minister of the Economy, Mr. Wale Edun, after a meeting with President Bola Ahmed Tinubu on Sunday in Lagos.<\/p>\n<p>Edun recently returned from an investment trip to Saudi Arabia and highlighted the government\u2019s efforts to strengthen Nigeria\u2019s economy through foreign investments.<\/p>\n<p>The trip followed President Tinubu\u2019s earlier diplomatic engagements in Saudi Arabia.<\/p>\n<p>\u201cWe followed up on the robust economic diplomacy initiated by Mr. President during his meetings with the Crown Prince of Saudi Arabia,\u201d Edun said.<\/p>\n<p>\u201cThese discussions covered trade, investment, economic cooperation, and financial collaboration, aiming to attract foreign direct investments and enhance Nigeria\u2019s economic stability.\u201d<\/p>\n<p>One major outcome of the trip is the Saudi Agricultural Livestock Investment Company\u2019s additional $1.2 billion investment in Olam. Edun explained that this investment is expected to boost foreign exchange inflows, create jobs, and support the Nigerian economy.<\/p>\n<p>\u201cWe have brought back investment, foreign exchange, and jobs for Nigerians,\u201d he stated. \u201cSaudi Arabia\u2019s demographic realities mean they invest abroad to create jobs in countries like Nigeria rather than exporting their own workforce.\u201d<\/p>\n<p>Edun also noted that ongoing dry-season farming initiatives aim to increase food production, lower inflation, and reduce the cost of living for Nigerians.<\/p>\n<p>Meanwhile, the Minister of Budget and Economic Planning, Atiku Bagudu, assured Nigerians of a brighter economic outlook in 2025.<\/p>\n<p>\u201cWe have made tough decisions and are now on the path to recovery,\u201d Bagudu said. \u201cIn 2025, Nigerians can expect lower inflation, more job opportunities, better business support, enhanced infrastructure, and improved security.<\/p>\n<p>Our focus on education, healthcare, and human capital development will also be strengthened.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Federal Government aims to reduce living costs by addressing food prices and creating more jobs, as stated by Finance Minister Wale Edun A recent investment trip to Saudi Arabia resulted in a $1.2 billion investment, expected to boost foreign exchange and job creation The Federal Government is committed to reducing living costs by tackling [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":346997,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"2","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"0","show_prev_next_post":"0","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored 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