Summary of President Tinubu’s Nationwide Address:

* 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 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