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
