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According to Dr. George Agbakahi, a chieftain of the All Progressives Congress (APC), the 2025 budget has the potential to drive job creation and industrialization in Nigeria. Agbakahi emphasized the importance of faithful implementation of the budget, which he described as "ambitious and bold" with the intention to transform the nation's economy ¹.
*Key Areas of Focus*
The APC chieftain highlighted several key areas that the budget targets, including:
- *Infrastructure Development*: Upgrading infrastructure to support economic growth and development.
- *Agricultural Development*: Boosting the agricultural sector to reduce importation and promote economic growth.
- *Solid Mineral Development*: Developing the solid mineral sector to provide foreign exchange earnings.
- *Increased Crude Oil Exploration*: Increasing crude oil exploration to boost the nation's economy.
- *Security and Infrastructure*: Prioritizing security and infrastructure development to create an enabling environment for economic growth.
*Job Creation and Industrialization*
Agbakahi noted that the budget allocates significant funds to the Bank of Agriculture (BOA) and the Bank of Industry (BOI) to provide loans to farmers, small-scale farmers, and subsistence farmers. This, he said, will provide employment opportunities and boost the agricultural sector ¹.
Additionally, the APC chieftain cited ongoing infrastructural development projects, such as the Lagos-Calabar super highway, as opportunities for job creation.
*Keywords:* 2025 budget, job creation, industrialization, APC, Dr. George Agbakahi, infrastructure development, agricultural development, solid mineral development, security and infrastructure.
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