Senate President Godswill Akpabio has lauded the accomplishments of President Bola Tinubu’s administration, asserting that Abuja, the nation’s capital, now bears a resemblance to London.
Akpabio expressed his admiration during a joint session of the National Assembly on Wednesday, where President Tinubu unveiled the 2025 budget proposal totaling N47.9 trillion.
He commended the administration’s infrastructure initiatives, particularly the Coastal Road and key thoroughfares in Abuja, which he believes have greatly enhanced connectivity and stimulated economic growth.
“Your infrastructure renaissance has ushered in numerous roads, including the Coastal Road and vital routes in the capital — picture Abuja now resembling London — and other regions of our country,” Akpabio remarked.
“These advancements extend beyond mere concrete and asphalt; they embody the essence of our economy, linking our citizens and promoting development.”
The Senate President also highlighted the government’s strides in economic reforms, noting that revenue has surged to N18.32 trillion, while debt servicing has declined from 97 percent to 68 percent.
He pointed out that oil production has risen to 1.8 million barrels per day, and the administration has successfully met $7.5 billion in foreign exchange obligations.
Furthermore, Akpabio praised Tinubu’s commitment to social welfare, indicating that over N45.6 billion has been allocated for student loan payments and the national minimum wage has been increased to N70,000 monthly.
He also mentioned that the government has extended financial aid exceeding N570 billion to all 36 states.
Additionally, he acknowledged the challenging yet crucial decision to eliminate the fuel subsidy, which aims to reallocate resources towards essential sectors like education and healthcare.
Akpabio concluded by commending Tinubu for creating a more investment-friendly climate through collaboration with the Central Bank of Nigeria (CBN) and implementing reforms designed to ensure national growth and stability.
