Summary of President Tinubu’s Nationwide Address, by Bashir Maidugu

  • Fuel subsidy removal is necessary.

.Commiserates with victims’ families over the death of their loved ones.

  • Urge protesters to stop the protest.
  • Economy remains anemic.
  • Bulk stops with him.
  • Aggregate revenue has doubled to N9.1trn in H1 2024.
  • Productivity gradually increasing in the non-oil sector.
  • Revenue to debt-service reduced to 68% in the last 13months from 97%.
  • Cleared legitimate $5bn forex backlogs.
    • Moves resulted in spending more money on Nigerians.

*States are receiving record high monies ever.

  • Increased oil production to 1.6mbpd
  • Investors are coming back.
  • $500m foreign investment signed.
  • CNG launched, to reduce transport cost by 60%.
  • 1million conversion kits to be distributed at little or no cost.
  • To date, N45.6bn student loan processed to students and schools.
    To date, N45.6bn student loan processed to students and schools.
  • Established N200bn consumer credit scheme.
  • Ordered the release of N50bn each for NELFUND, Consumer credit from crime proceeds from EFCC.
  • Secured $620m for I-DICE for digital skills.
  • Introduced Skill-Up program
  • N570bn released to States for livelihoods support.
  • 600,000 nano businesses have benefitted from nano grants, additional 400k businesses to benefit.
  • 10 MSMEs built so far, more hubs to be built, 240,000 jobs.
  • N1bn each made to big manufacturers at single digit interest rate.
  • To launch renewed hope housing estates, to create jobs and stimulate the economy.
  • Directed tariffs be removed on rice, other foods and medicines.
  • Distributed fertilizers.
  • To cultivate more than 10m hectares of land to raise food production.
  • Mechanized equipment on the way
  • A lot of work has gone on to stabilize the economy.
  • The Govt is working to improve National infrastructure.
  • Let nobody misinform you that the Govt does not care about you.
  • We are in a new era of renewed hope
  • The results will soon be feasible to see and feel and enjoy
  • The economy is recovering
  • Don’t shut out the oxygen
  • Security agencies should continue to maintain peace and order within the human rights convention
  • Let’s choose hope over fear, unity over division, progress over stagnation
  • Let no one use you to set us back

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