In a nationwide address, President Bola Tinubu calls on Nigerians to suspend protests and engage in dialogue, while outlining key achievements of his administration, including economic reforms and infrastructure projects.
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| Photo Credit: President Bola Ahmed Tinubu |
On August 4th, 2024, President Bola Ahmed Tinubu addressed the nation, urging Nigerians to suspend ongoing protests and opt for dialogue to resolve their grievances. In his broadcast, the President expressed deep concern over the violence and destruction that had occurred in various states, resulting in loss of lives and significant damage to public and private property.
Call for Dialogue:
President Tinubu emphasized the importance of maintaining public order and protecting the lives and property of citizens. He called on the protesters to suspend further demonstrations and engage in constructive dialogue, stressing that Nigeria’s future depends on unity and collaboration across all societal divides.
Major Achievements Highlighted:
1. Economic Reforms:
- Fuel Subsidy Removal: President Tinubu detailed the rationale behind the removal of fuel subsidies, explaining that it was necessary to prevent economic mismanagement and to block the profits of smugglers and rent-seekers.
- Foreign Exchange Reforms: The President also addressed the abolition of multiple foreign exchange systems, which had previously hindered Nigeria's economic growth.
2. Fiscal Progress:
- Revenue Growth: Under Tinubu's administration, government revenues have more than doubled, reaching over 9.1 trillion Naira in the first half of 2024. This was attributed to efforts to block leakages, automate processes, and mobilize funding without additional burden on the populace.
- Debt Reduction: The President proudly announced a reduction in debt servicing costs from 97% to 68% of revenue, providing more financial freedom to invest in essential social services.
3. Infrastructure Development:
- National Projects: Tinubu's government has made significant strides in infrastructure, with key projects like the Lagos-Calabar Coastal Highway and Sokoto-Badagry Highway aimed at boosting economic output and creating jobs.
- Housing Initiatives: The President launched the Renewed Hope City and Estate project, an ambitious housing initiative designed to deliver 100,000 housing units over three years, stimulating economic growth and job creation.
4. Youth Empowerment:
- Student Loan Scheme: Tinubu highlighted the success of the student loan scheme, which has processed over 45.6 billion Naira in payments to students and institutions. Additionally, a N200 billion Consumer Credit Corporation was established to help Nigerians acquire essential products.
- Digital and Creative Enterprises: The administration secured $620 million to empower the youth through the Digital and Creative Enterprises program, aiming to create millions of IT and technical jobs.
5. Agriculture and Food Security:
- Increased Food Production: The President's administration has launched initiatives to increase food production, including removing tariffs on essential food imports and distributing mechanized farming equipment.
6. Social Welfare:
- Minimum Wage Increase: A new national minimum wage was signed into law, raising the lowest earnings to N70,000 per month, reflecting the government's commitment to improving the living standards of Nigerians.
President's Closing Remarks:
In his conclusion, President Tinubu reassured Nigerians that his administration is committed to addressing the nation’s challenges, from economic recovery to youth empowerment and infrastructure development. He called on all citizens to work together in building a prosperous and unified Nigeria, choosing hope and progress over division and stagnation.
The President's message was clear: dialogue and collaboration are the paths forward, and every Nigerian has a role to play in the country's future. He urged the nation to continue embracing democracy and to reject any attempts to undermine the constitutional order.
Conclusion:
President Bola Tinubu’s address serves as a powerful call to action for Nigerians to put aside their differences and work together for the greater good. His administration’s achievements, particularly in economic reforms and infrastructure development, highlight the potential for a brighter future if the nation remains united and focused on progress.
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