Amidst #EndBadGovernance Protest which began nationwide on 1st of August, 2024, President Bola Ahmed Tinubu had taken time out to address Nigerians both at home and Disapora yesterday, Sunday 4th of August in a live TV broadcast.
Tinubu in his speech urged the Nigerians who have been demonstrating and exercising their constitutional rights in other to put an end to bad governance and bad leadership to stop so as to collectively channel the energies towards the progress of the new administration and by extension the Nigeria as a Country.
Below are the key points/summary of President Tinubu’s Speech while addressing the nation:
- 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.
- 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 Government is working to improve National infrastructure.
- Let nobody misinform you that the Government 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