The economy is recovering; Please, don’t shut out its oxygen: President Bola Tinubu
BROADCAST BY HIS EXCELLENCY BOLA AHMED TINUBU, PRESIDENT AND COMMANDER-IN-CHIEF OF THE ARMED FORCES OF THE FEDERAL REPUBLIC OF NIGERIA ON THE NATIONWIDE PROTEST SUNDAY 4TH AUGUST 2024
My fellow Nigerians,
I speak to you today with a heavy heart and a sense of responsibility, aware of the turmoil and violent protests unleashed in some of our states.
Notably among the protesters were young Nigerians who desired a better and more progressive country where their dreams, hopes, and personal aspirations would be fulfilled.
I am especially pained by the loss of lives in Borno, Jigawa, Kano, Kaduna and other states, the destruction of public facilities in some states, and the wanton looting of supermarkets and shops, contrary to the promise of protest organisers that the protest would be peaceful across the country. The destruction of properties sets us back as a nation, as scarce resources will be again used to restore them.
4. I commiserate with the families and relations of those who have died in the protests. We must stop further bloodshed, violence and destruction.
5. As President of this country, I must ensure public order. In line with my constitutional oath to protect the lives and property of every citizen, our government will not stand idly by and allow a few with a clear political agenda to tear this nation apart.
6. Under the circumstances, I hereby enjoin protesters and the organisers to suspend any further protest and create room for dialogue, which I have always acceded to at the slightest opportunity. Nigeria requires all hands on deck and needs us all - regardless of age, party, tribe, religion or other divides, to work together in reshaping our destiny as a nation. To those who have taken undue advantage of this situation to threaten any section of this country, be warned: The law will catch up with you. There is no place for ethnic bigotry or such threats in the Nigeria we seek to build.
7. Our democracy progresses when the constitutional rights of every Nigerian are respected and protected. Our law enforcement agencies should continue to ensure the full protection of lives and properties of innocent citizens in a responsible manner.
8. My vision for our country is one of a just and prosperous nation where each person may enjoy the peace, freedom, and meaningful livelihood that only democratic good governance can provide – one that is open, transparent and accountable to the Nigerian people.
9. For decades, our economy has remained anemic and taken a dip because of many misalignments that have stunted our growth. Just over a year ago, our dear country, Nigeria, reached a point where we couldn’t afford to continue the use oftemporary solutions to solve long-term problems for the sake of now and our unborn generations. I therefore took the painful yet necessary decision to remove fuel subsidies and abolish multiple foreign exchange systems which had constituted a noose around the economic jugular of our Nation and impeded our economic development and progress.
10. These actions blocked the greed and the profits that smugglers and rent-seekers made. They also blocked the undue subsidies we had extended to our neighbouring countries to the detriment of our people, rendering our economy prostrate. These decisions I made were necessary if we must reverse the decades of economic mismanagement that didn’t serve us well. Yes, I agree, the buck stops on my table. But I can assure you that I am fully focused on delivering good governance to the people.
In the past 14 months, our government has made significant strides in rebuilding the foundation of our economy to carry us into a future of plenty and abundance. On the fiscal side, aggregate government revenues have more than doubled, hitting over 9.1 trillion Naira in the first half of 2024 compared to the first half of 2023, due to our efforts at blocking leakages, introducing automation, and mobilising funding creatively without additional burden on the people. Productivity is gradually increasing in the non-oil sector, reaching new levels and taking advantage of the opportunities in the current economic ambience.
My dear brothers and sisters, we have come this far. Coming from a place where our country spent 97% of all our revenue on debt service; we have been able to reduce that to 68% in the last 13 months. We have also cleared legitimate outstanding foreign exchange obligations of about $5billion without any adverse impact on our programmes.
This has given us more financial freedom and the room to spend more money on you, our citizens, to fund essential social services like education and healthcare. It has also led to our state and Local Governments receiving the highest allocations ever in our country’s history from the Federation Account.
We have also embarked on major infrastructure projects across the country. We are working to complete inherited projects critical to our economic prosperity, including roads, bridges, railways, power, and oil and gas developments. Notably, the Lagos-Calabar Coastal Highway and Sokoto-Badagry Highway projects will open up 16 connecting states, creating thousands of jobs and boosting economic output through trade, tourism and cultural integration.
Our once-declining oil and gas industry is experiencing a resurgence on the back of the reforms I announced in May 2024 to address the gaps in the Petroleum Industry Act. Last month, we increased our oil production to 1.61million barrels per day, and our gas assets are receiving the attention they deserve. Investors are coming back, and we have already seen two Foreign Direct Investments signed of over half a billion dollars since then.
Fellow Nigerians, we are a country blessed with both oil and gas resources, but we met a country that had been dependent solely on oil-based petrol, neglecting its gas resources to power the economy. We were also using our hard-earned foreign exchange to pay for, and subsidise its use. To address this, we immediately launched our Compressed Natural Gas Initiative (CNG) to power our transportation economy and bring costs down. This will save over two trillion Naira a month, being used to import PMS and AGO and free up our resources for more investment in healthcare and education.
To this end, we will be distributing a million kits of extremely low or no cost to commercial vehicles that transport people and goods and who currently consume 80% of the imported PMS and AGO.
We have started the distribution of conversion kits and setting up of conversion centres across the country in conjunction with the private sector. We believe that this CNG initiative will reduce transportation costs by approximately 60 percent and help to curb inflation.
Our administration has shown its commitment to the youth by setting up the student loan scheme. To date, 45.6billion Naira has already been processed for payment to students and their respective institutions
I encourage more of our vibrant youth population to take advantage of this opportunity. We established the Consumer Credit Corporation with over N200billion to help Nigerians to acquire essential products without the need for immediate cash payments, making life easier for millions of households. This will consequently reduce corruption and eliminate cash and opaque transactions. This week, I ordered the release of an additional N50billion Naira each for NELFUND – the student loan, and Credit Corporation from the proceeds of crime recovered by the EFCC.
Additionally, we have secured $620million under the Digital and Creative Enterprises (IDiCE) – a programme to empower our young people, creating millions of IT and technical jobs that will make them globally competitive. These programmes include the 3Million Technical Talents scheme. Unfortunately, one of the digital centres was vandalised during the protests in Kano. What a shame!
In addition, we have introduced the Skill-Up Artisans Programme (SUPA); the Nigerian Youth Academy (NIYA); and the National Youth Talent Export Programme (NATEP).
Also, more than N570 billion has been released to the 36 states to expand livelihood support to their citizens, while 600,000 nano-businesses have benefitted from our nano-grants. An additional 400,000 more nano-businesses are expected to benefit.
Furthermore, 75,000 beneficiaries have been processed to receive our N1million million micro and small-business single-digit interest loans, starting this month. We have also built 10 MSME hubs within the past year, created 240,000 jobs through them and 5 more hubs are in progress, which will be ready by October this year.
Payments of N1 billion each are also being made to large manufacturers under our single-digit loans to boost manufacturing output and stimulate growth.
I signed the National Minimum Wage into law last week, and the lowest-earning workers will now earn at least N70,000 a month.
Six months ago in Karsana, Abuja, I inaugurated the first phase of our ambitious housing initiative, the Renewed Hope City and Estate. This project is the first of six we have planned across the nation's geopolitical zones. Each of these cities will include a minimum of 1,000 housing units, with Karsana itself set to deliver 3,212 units
In addition to these city projects, we are also launching the Renewed Hope Estates in every state, each comprising 500 housing units. Our goal is to complete a total of 100,000 housing units over the next three years. This initiative is not only about providing homes but also about creating thousands of jobs across the nation as well as stimulating economic growth.
We are providing incentives to farmers to increase food production at affordable prices. I have directed that tariffs and other import duties should be removed on rice, wheat, maize, sorghum, drugs, and other pharmaceutical and medical supplies for the next 6 months, in the first instance, to help drive down the prices.
I have been meeting with our Governors and key Ministers to accelerate food production. We have distributed fertilisers. Our target is to cultivate more than 10 million hectares of land to grow what we eat. The Federal Government will provide all necessary incentives for this initiative, whilst the states provide the land, which will put millions of our people to work and further increase food production. In the past few months, we have also ordered mechanized farming equipment such as tractors and planters, worth billions of Naira from the United States, Belarus, and Brazil. I can confirm to you that the equipment is on the way.
My dear Nigerians, especially our youth, I have heard you loud and clear. I understand the pain and frustration that drive these protests, and I want to assure you that our government is committed to listening and addressing the concerns of our citizens.
But we must not let violence and destruction tear our nation apart. We must work together to build a brighter future, where every Nigerian can live with dignity and prosperity.
The task before us is a collective one, and I am leading the charge as your president. A lot of work has gone into stabilising our economy and I must stay focused on ensuring that the benefits reach every single Nigerian as promised.
My administration is working very hard to improve and expand our national infrastructure and create more opportunities for our young people.
Let nobody misinform and mis-educate you about your country or tell you that your government does not care about you. Although there have been many dashed hopes in the past, we are in a new era of Renewed Hope. We are working hard for you, and the results will soon be visible and concrete for everyone to see, feel, and enjoy.
Let us work together to build a brighter future for ourselves and for generations to come. Let us choose hope over fear, unity over division, and progress over stagnation. The economy is recovering; Please, don’t shut out its oxygen. Now that we have been enjoying democratic governance for 25 years, do not let the enemies of democracy use you to promote an unconstitutional agenda that will set us back on our democratic journey. FORWARD EVER, BACKWARD NEVER!
In conclusion, security operatives should continue to maintain peace, law, and order in our country by following the necessary conventions on human rights, to which Nigeria is a signatory. The safety and security of all Nigerians are paramount.
Thank God -- and Thank you for your attention, and may God continue to bless our great Nation. Thank you very much.
Could be the reason why millions of people are facing death from hunger, are unsafe, and have increased uncertainty of life. Indeed, Tinubu is."alert" to continue witnessing citizens die from avoidable death arising from hunger.
By the way, when are we washing the 2 new jets bring planned against common, compassion and good character? When?
BREAKING: The Supreme Court has, today, delivered judgement in the case brought to it against the 36 state Governors by the President Bola Ahmed Tinubu-led Federal Government .
1. The court held that it is illegal for Governors to dissolve democratically elected Local Governments.
2. It orders the Federal Government to henceforth withhold allocations to Local Governments governed by unelected officials appointed by the Governor.
3. The apex court barred the Federal Government from further paying LG allocations through the State Governments since the practice has been abused by Governors.
More Details later….
Update on STUDENTS loan.
- School fees will be paid directly into school accounts.
- Students to get stipends of 20,000 monthly whether in session or not.
- Vocational skills monitored by NELFUND to ensure everyone is equipped to succeed after graduation.
- State universities to be incorporated in two weeks.
MONDAY 15TH, APRIL 2024
PRESS STATEMENT
PRESIDENT TINUBU'S APPOINTEES FROM THE NORTH MUST TAKE A STAND - MATAWALLE
Consequent to my position on the recent attack on the administration of President Bola Ahmed Tinubu GCFR by a spokesman of the Northern Elders Forum (NEF), it has come to my attention that Dr. Hakeem Baba-Ahmed who once served as the Spokesperson of the group and currently a Special Adviser on Political Matters in the Presidency took to his page on it to express a different position.
According to Dr. Baba-Ahmed ,my stand against the unjust and spurious attack against the new administration of President Tinubu that is working very hard to reposition our country and economy for better as 'ill-advised'. He suggested I could have done a better job in my defence of the administration where I have the rare honour to serve as a Minister.
Dr. Baba-Ahmed's relationship and affinity with Northern Elders' Forum(NEF)is well-known. The fact now is that he is an appointee of the administration as Special Adviser and it is incumbent on him to work for the success of the government he is part of, protect and defend the government against unjust and vicious attacks from those who hide under ethnic and other primordial interests to heat up the polity for myopic reasons
It is pertinent to state that every appointee of President Tinubu including Dr. Baba-Ahmed owe the government a copious duty to promote, elucidate and advance the good works and commendable efforts of the government across all sectors.
As appointees of the government from the North, we must all take a stand, be unequivocal and be counted in the roll of honours for our support and work for the success of the administration we are serving. This is not the time to keep quiet in the face of intimidation and misrepresentation of the efforts and achievements of President Bola Ahmed Tinubu GCFR . We must stand up to be counted for being on the part of government or take our exit.
H.E Bello Mohammed Matawalle MON
Minister of State for Defence,
Finally! Thank you @Gatwick_Airport. We expected this on the first day of the arrival of one of our most important local airlines @flyairpeace, but better late than never. We look forward to working with you to ensure seamless operations by @flyairpeace from your airport. The Government of Nigeria fully supports our local operators.
Finally! Thank you @Gatwick_Airport. We expected this on the first day of the arrival of one of our most important local airlines @flyairpeace, but better late than never. We look forward to working with you to ensure seamless operations by @flyairpeace from your airport. The Government of Nigeria fully supports our local operators.
This must be a joke, right? We don't need a new ID Card. In fact, we need to Harmonize NIN and BVN into one. We can enhance NIN to contain all the features mentioned in the press release. If you need help, reach out to me and I can help.
Dear Lagos Residents,
We're pleased to share that the Third Mainland Bridge will resume full operations on April 4th, 2024, following extensive repairs.
We sincerely thank you for your patience and cooperation, and we look forward to even smoother travels ahead.
Warm regards,
Mr. Oluwaseun Osiyemi, Commissioner of Transportation
@jidesanwoolu
I applaud Peter Obi for his outreach to the Muslim Ummah. However, if he wants to win the hearts and minds of the Muʾmin, the proper thing to do is not just to break Ramadan fast with them, and jump from one mosque to the other, as he did with churches during the #NigerianElections2023 when he openly said, "Church, take back your country".
I know the Muslim Ummah relatively well. Forgiveness is built into Islam. Therefore, if Peter Obi can admit that the voice calling for "religious war" on the now infamous 'Yes Daddy' audio was actually his, and apologise to the Muʾmin, the Muslim Ummah will forgive him, and he will achieve more mileage with them than his current posturing.
But if he does not do that, and also does not fulfil his promise, made a year ago, to sue Peoples Gazette, and instead pretends that such a scandal never occurred, he should also be made aware that just as forgiveness is built into Islam, diplomacy is also inbuilt into the faith taught by prophet Muhammad (SAW).
The Muʾmin will break fast with him and be polite as he makes his spiel. But in 2027, he will know that they have not forgotten. There can be no forgiveness without genuine repentance. The Muslim Ummah will never vote for a man who has not disavowed his planned religious war against them. Whether as President or vice President.
Am I lying?
#TableShaker
@bosuntijani I paid a visit to the Hon Minister for Communication, Innovation and Digital Economy this morning to see the progress of the clearing on the farm in my Kingdom and to also give assurances of my people's support to the project. #agrotech
I met with representatives of different groups under the Kwara State Chapter of All Farmers Association of Nigeria (AFAN), where I unfolded our plans to support farmers, improve yields per hectare, guarantee bumper harvest and boost food security in the state.
As the farmers prepare for wet season farming, I told them to let our administration know some other things apart from what we currently do to support them. We will continue to work with farm clusters for the proper identification and empowerment of real farmers.
Nigeria, like many parts of the world, is going through a trying phase on food security. We must feed ourselves. That is paramount. We must bring down the cost of food. Nobody will come and do that for us.
I lauded the farmers for remaining in the farming business despite all the challenges in the agricultural sector, and reassured them of our partnership every step of the way.
AbdulRahman AbdulRazaq CON
Kwara State Governor/NGF Chairman
I am looking forward to a fantastic session at the next #DevsInGovernment gathering next month.
With Hadiza Bala Usman - Special Adviser to the President on Policy Coordination, Dr. Vincent Olatunji - CEO Nigerian Data Protection Commission and Adeniran Adeyemi - Statistician General of the Federation, on the panel, it will certainly be a robust discussion that highlights the importance that this government places on the role of Data in governance.
If you’re a technologist or tech enthusiast working in government, please register at this link -https://t.co/c00By3T5On to join us at our next monthly gathering on Thursday March 14th from 2pm.
The Lagos Arena, Lekki
This iconic Lagos Arena project will be a purpose-built infrastructure that will sit 12,000 people. This project will open up the entertainment industry more than ever before, for international shows, concerts, sports and other major events in Nigeria.
Good point.
Same I said also about the former minister.
Telco is the backbone that's needed for the IT and digital economy to thrives. We need to increase the quality of our broadband.
The minister need experienced folks with good telco background to work with him.
In my time in government, I’ve seen enough to reinforce my belief that a technologically savvy and empowered workforce is critical for the development of a more efficient and effective government. Today, together with over 400 civil servants working in technology, we held the inaugural #DevsInGovernment community gathering.
The quality of the conversations and engagement, renewed my hope in the commitment and dedication of our technical workforce to work for the greater good as we invest in and build our Digital Public Infrastructure.
#DevsInGovernment is a platform that will allow the civil servants who run technology in government collaborate, share constraints, access resources as well as build solutions, and at today’s event we already saw examples of this coming to life.
From examples of challenges faced while collecting data for national planning, to questions on how to encourage colleagues with novel ideas to explore, build and implement them for our collective prosperity.
This is the start of a re-energisation and upliftment of the technical workforce in government with a broader goal of impacting how we serve our citizens. A big thank you to all who came out today and I know that as we commit to this journey, we will transform our processes to deliver clear impact on government services. #NigerianExcellence