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“Tinubu’s Speech to the People of Nigeria Regarding the Nation’s Current Situation”
Dear compatriots,
Today, I want to engage in a conversation about our nation’s economy. I’ll strive to shed light on the economic policies we’ve set in motion to tackle the longstanding challenges our country has been grappling with.
1. In this discussion, I will avoid confusing economic terms. Instead, I aim to speak transparently and clearly, presenting my vision for a prosperous economy that I hope you will join me in aspiring towards.
2. Over the years, my stance on the need to eradicate fuel subsidies has been unwavering. This previously advantageous measure has outlived its purpose. The trillions of Naira spent annually could be redirected towards sectors such as public transportation, healthcare, education, housing, and national security. But instead, it enriched a select few.
3. This group has accumulated enough wealth and influence to potentially distort our economic and democratic systems. Put simply, Nigeria cannot reach its full potential while such unelected, powerful groups hold sway over our political economy and institutions.
4. Democracy should be about the many, not the few. The people, rather than wealth, must be at the helm of our nation.
5. The previous administration also recognized this issue, failing to provide for subsidies in the 2023 Appropriations beyond June. The removal of this fiscal burden has become necessary.
6. Furthermore, the multiple exchange rate system mutated into a freeway for currency speculation, allowing wealth to be siphoned off by a handful of people merely transferring money. This, too, is a gross injustice.
7. This system has intensified the threat posed by illicit money accumulation to our democracy and economy.
8. I made a commitment to reform the economy by addressing significant imbalances, and terminating subsidies and the preferential exchange rate system are integral to this process. This battle is crucial to our nation’s future.
9. These economic flaws have largely benefited an exclusive elite group. As we strive to correct these defects, those who profit from them will inevitably resist.
10. Our economy is in a tough spot, and this hardship impacts you directly. The rising costs of fuel and food, struggling households and businesses, create an atmosphere of uncertainty. I empathize with you and wish there were easier solutions, but unfortunately, there aren’t. My intent is to support, not harm, the nation I hold dear.
11. What I can pledge immediately is efforts to alleviate the burden our current economic climate imposes, particularly on businesses, workers, and the most vulnerable.
12. The Federal Government is collaborating with state and local governments to implement measures that will alleviate the hardships experienced across socio-economic classes.
13. In line with my campaign promises, I recently signed four Executive Orders to tackle fiscal policies and redundant taxes hampering business growth. These orders, suspending and deferring some taxes, will provide necessary support for the manufacturing sector to flourish and expand.
14. To bolster the manufacturing sector and promote job creation, we will invest N75 billion between July 2023 and March 2024. The goal is to fund 75 promising enterprises, catalyzing economic growth, fostering structural transformation, and enhancing productivity. Each enterprise will have access to N1 Billion credit at 9% per annum, with a 60 months repayment plan for long-term loans and 12 months for working capital.
15. Our administration understands the significant role of micro, small, and medium-sized enterprises and the informal sector in driving economic growth. To that end, we plan to infuse this sector with N125 billion.
17. Out of this budget, we will direct N50 billion as Conditional Grants to one million nano businesses between now and March 2024. We aim to distribute N50,000 each to 1,300 nano business owners in each of the 774 local governments nationwide.
18. The objective is to enhance financial inclusion by integrating beneficiaries into the formal banking system. Similarly, we plan to fund 100,000 MSMEs and start-ups with N75 billion, with each enterprise promoter eligible for between N500,000 to N1million at 9% interest per annum, repayable over 36 months.
19. In our mission to maintain affordability of food items, we have collaborated with various farmer associations and players in the agricultural value chain.
20. In the short term, our priority is to ensure the availability and affordability of staple foods. I’ve ordered the release of 200,000 Metric Tonnes of grains from strategic reserves to households across the country to moderate prices. We’re also providing 225,000 metric tonnes of fertilizer, seedlings, and other inputs to farmers dedicated to our food security agenda.
21. Our commitment to support the cultivation of 500,000 hectares of farmland and promote year-round farming is on track. Specifically, N200 billion of the N500 billion approved by the National Assembly will be allocated as follows:
– N50 billion each to cultivate 150,000 hectares of rice and maize.
– N50 billion each will also be allocated for the cultivation of 100,000 hectares of wheat and cassava.
22. This comprehensive agricultural program is designed for small-holder farmers and will leverage private sector players with a proven track record in agribusiness.
23. We’ll harness the expertise of Development Finance Institutions, commercial banks, and microfinance banks to create a viable and appropriate transaction structure for all stakeholders.
24. As your leader, I pledged to serve you. Your welfare and living conditions are my utmost priority, and they keep me focused day and night.
25. With this in mind, I approved the Infrastructure Support Fund for the States, enabling them to invest in critical sectors, relieve pain points, and overhaul our declining healthcare and educational infrastructure.
26. The fund will also improve rural access roads, facilitating the transportation of farm produce to markets, making our states more competitive, and solidifying their financial capacity to deliver economic prosperity.
27. We are also rolling out buses across the states for affordable mass transit. We have allocated N100 billion for the acquisition of 3000 units of 20-seater CNG-fuelled buses between now and March 2024.
28. The buses will be allocated to major transportation companies in each state, based on the intensity of travel per capita. These companies can access credit under this facility at 9% per annum, repayable over 60 months.
29. Concurrently, we are working with labour unions to introduce a new national minimum wage. To our workers, I assure you, a salary review is on the horizon.
30. Once we agree on the new minimum wage and general pay rise, we will make budget provisions for immediate implementation.
31. I want to commend private employers in the Organised Private Sector who have already implemented general salary reviews for their employees.
32. My fellow Nigerians, this period is tough, but I urge us to look beyond the present hardships and focus on the larger picture. We have good plans in progress, and I am confident in their success.
33. There was an inevitable delay between the removal of subsidy and the full implementation of these plans. But rest assured, we are swiftly bridging that gap. I ask for your faith in our capacity to deliver and your trust in our concern for your well-being.
34. We will overcome this rough patch, and the steps we have taken will position Nigeria to seize future opportunities.
35. In just over two months, we have saved over a trillion Naira that would have been wasted on an unproductive fuel subsidy. This money will now be utilized more directly for the welfare of you and your families.
36. We will fulfill our promise of making education more affordable, providing loans to higher education students in need. No Nigerian student should have to forfeit their education due to financial constraints.
37. Our guiding principle is promoting the greatest good for the greatest number of our people, and we won’t deviate from this.
38. We are also tracking the impact of the exchange rate and inflation on fuel prices, ready to intervene if necessary.
39. My fellow Nigerians, rest assured that we are transitioning from a period of darkness to a glorious dawn.
40. Now, it’s time for me to return to my duties to ensure this vision becomes a reality.
41. Thank you all for your attention, and may God bless the Federal Republic of Nigeria.
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STATEMENT ISSUED BY PROGRESSIVES ALLIANCE FOR JUSTICE, UNITY AND DEMOCRACY (PAJUD)
THE FALLACIES OF MIKE IGINI
“It is mean and cowardly and an evidence of weakness and utter demerit, for any group of people to attempt to commend themselves to the public by the negative process of belittling and condemning others.”_
- Chief Obafemi Awolowo, 28th April, 1951.
The attention of the Progressives Alliance for Justice, Unity and Democracy (PAJUD) has been drawn to the barrage of insults heaped by Mike Igini, former Resident Electoral Commissioner of the Independent National Electoral Commission (INEC), against every perceived and imaginary obstacle to his personal agenda.
We posit that since the return of democracy in 1999, the Nigerian political and electoral firmament has been overdosed with different genres of characters – the good, the bad and the ugly.
We state categorically and without fear of contradiction that President Bola Ahmed Tinubu is NOT responsible for the non-appointment of Mike Igini as either Chairman of INEC or National Commissioner since he left office in disgrace and engulfed in controversies in the South-South.
Igini must understand that such appointments are not done willy-nilly. They are based on several criteria. He has served two full terms as Resident Electoral Commissioner. For him to be nominated as National Commissioner, a vacancy must exist for his state. This is apart from the principle of rotation of the position among states in the geo-political zone.
Those who know President Bola Ahmed Tinubu closely know he is a leader who does not deliberately shut the door against competence and capacity. Anyone holding him in contempt on this matter is either being mischievous or acting out the script of the opposition, just like the present issue at stake.
It is unfortunate that Igini has allowed himself to be taken advantage of, dancing to the rhythm of anti-Tinubu and anti-Amupitan rogue agents.
We find it compelling to state unequivocally that Igini is blatantly scheming to discredit the present government and the Amupitan-led leadership of INEC in anticipation of reward by opposition elements and spent forces, if they ever win in the post-2027 general elections.
Over the years, we have watched the transformation of Igini from lawyer, to public affairs commentator, to agitator, until the PDP government appointed him Resident Electoral Commissioner.
We are amused at Igini’s feeble attempts at returning to public reckoning, using barefaced criticism, outright lies, mischief and fallacies against the Renewed Hope and reformative agenda as a springboard to relevance and prominence.
For an egocentric, self-seeking bigot and Mr. Know-All like Igini, he wants to remain relevant as a bride for any juicy INEC Election Management Committee headship or membership, which we know will never happen in this dispensation as a result of his antecedents while in office – an era marred by allegations of partisanship, disloyalty and endless controversies.
Your tenure as REC in Cross River State was characterised by mudslinging between you and a political party over unethical conduct unbecoming of an electoral officer. Similarly, your flexing of muscles and one-sided narratives during your tenure as REC of Akwa Ibom State is still very fresh in our memory. Till date, you are still spewing negative narratives against one of the politicians you fought in that state to high heavens.
Nigerians from all strata continue to wonder where the monies for the live telecast of Igini’s exit as Resident Electoral Commissioner of Akwa Ibom State originated from. In the history of INEC – from Dr. Ephraim Akpata, Alhaji Shehu Musa, Dr. Abel Guobadia, the much-vilified Prof. Maurice Iwu, Prof. Attahiru Jega reputed to be Igini’s benefactor, to Prof. Mahmood Yakubu – none of them had the temerity for such lavish display and grandeur during their exit. What was witnessed in the last days of Igini as REC in Akwa Ibom evokes serious questions about collective decency, decorum, moral rectitude and values.
Any argument in support of such an extravagant exit lacks integrity, for the simple reason that the pay slip of INEC Resident Electoral Commissioners and even National Commissioners is not a hidden document. It is known to the Nigerian public.
We believe that if we are sincere in this country, Igini should focus on more important non-partisan issues than chasing shadows. Igini should also address his own record, including the troubling episode of a Kenyan national engaged by INEC as a consultant some years ago, where the voter register fingerprints of Nigerians were allegedly compromised and handed to foreign interests. That despicable act is still fresh in our memory.
As overwhelming majority of Nigerians with voting rights are aware, there is an uncanny lust for power by desperate opposition politicians lurking on the horizon. They are deploying everything on earth just to grab power in 2027, and for no just cause but simply for selfish personal aggrandizement. They have recruited former staff, Directors, Resident Electoral Commissioners and National Commissioners to help execute their warped agenda and barefaced propaganda to deceive gullible Nigerians who will swallow every hook, line and sinker narrative framed by them.
We unreservedly agree with many who have suggested that as a believer in God, Igini should not allow his mind to be poisoned by the notion that any power outside the influence of God could have been responsible for the failure of his emergence as either National Commissioner or Chairman of the Commission.
Whatever it is, there seems to be more to it than meets the eye. The process of creating anarchy starts with incitement against the government, the electoral empire and security agencies. It often appears so smooth as to be imperceptible, hence those who engineer it enjoy the process at the initial stage, only to be consumed at the end of the day.
Elements in the class of Igini, who are acting out the script of falsehood purveyors and peddlers, will be put to shame at the end of the day. There is no doubt that Nigerians are going to have a well-deserved, credible, transparent, free and fair election in the 2027 general elections.
Above all, nobody can dispute the fact that President Bola Ahmed Tinubu nominated people with impeccable ability, capacity, loyalty, patriotism and honesty as members of the election management structure that will drive our democracy forward, in a manner that both Nigerians and the international community will be proud of like never before in our annals.
The focus of the Tinubu administration remains its much stronger determination to protect and respect the sanctity and fidelity of the ballot during the forthcoming elections.
We implore Mike Igini to stop the rabble-rousing, negative framing, mischief, mudslinging and casting of aspersions against the electoral umpire and Mr. President, and find something reasonable to do to earn a living just like other Nigerians, instead of going from one radio station to television stations across the country. His antics are already known to Nigerians who are far more sophisticated and politically savvy than before.
A word is enough for the wise… “WHEN YOU CONDEMN PEOPLE, YOU BRING JUDGEMENT ON YOURSELF.”
Signed:Comrade Yakubu Dan Abba
Country Representative, PAJUD.
News
PAJUD Accuses Mike Igini of Political Grandstanding, Defends Tinubu, Amupitan
The Progressives Alliance for Justice, Unity and Democracy (PAJUD) has accused former Independent National Electoral Commission (INEC) Resident Electoral Commissioner, Mike Igini, of attempting to discredit President Bola Tinubu’s administration and the leadership of the electoral body, describing his criticisms as politically motivated.
The group, in a statement signed by its Country Representative, Comrade Yakubu Dan Abba, alleged that Igini was seeking to regain public relevance through persistent criticism of the government and the leadership of INEC under its current chairman, Prof. Joash Amupitan.
PAJUD, however, did not provide independent evidence to substantiate its allegations about Igini’s motives.
The group maintained that Tinubu was not responsible for Igini’s non-appointment as INEC chairman or national commissioner after completing his tenure as a Resident Electoral Commissioner, arguing that such appointments were subject to established criteria, vacancies and rotation arrangements among states within geopolitical zones.
“Those who know President Bola Ahmed Tinubu closely know he is a leader who does not deliberately shut the door against competence and capacity,” the statement said.
The group further alleged that Igini’s criticisms were intended to undermine the current administration and INEC’s leadership in anticipation of political rewards from opposition elements following the 2027 general elections.
PAJUD also questioned Igini’s record during his service as Resident Electoral Commissioner in Cross River and Akwa Ibom states, citing past disagreements with political actors and what it described as controversies surrounding his conduct in office.
It also raised questions about the cost and circumstances of the live television broadcast of Igini’s exit from office in Akwa Ibom State, comparing the event with the departures of previous INEC chairmen and other senior electoral officials.
The group did not provide documentary evidence to establish wrongdoing in connection with the broadcast.
In another allegation, PAJUD called on Igini to address what it described as concerns surrounding the engagement of a Kenyan national as an INEC consultant and the alleged compromise of Nigerian voters’ fingerprint data. The statement, however, did not present evidence establishing that Igini was personally responsible for any compromise of the data.
The alliance accused opposition politicians of attempting to discredit the electoral system ahead of the 2027 elections, alleging that some former electoral officials were being used to advance political interests. It did not identify the individuals allegedly involved or provide evidence supporting the claim.
PAJUD, meanwhile, expressed confidence in the ability of the current INEC leadership to conduct credible, transparent, free and fair elections in 2027.
It said the Tinubu administration remained committed to protecting the integrity of the ballot, adding that the president had nominated individuals it described as capable, patriotic and committed to the country’s democratic development.
The group urged Igini to refrain from what it characterised as inflammatory criticism of the president and the electoral commission, insisting that public discourse on electoral reform should be guided by responsibility and respect for democratic institutions.
Quoting former Premier of the Western Region, Chief Obafemi Awolowo, the alliance recalled his statement of April 28, 1951, that it was “mean and cowardly” for any group to seek public approval by belittling and condemning others.
PAJUD concluded by urging Nigerians to remain confident in the electoral process ahead of the 2027 general elections, while reiterating its support for the Tinubu administration and the current leadership of INEC.
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FJF Backs NSCDC Probe into Niger Miners’ Deaths, Cautions Diaspora Group Against Protest
The Freelance Journalist Federation (FJF) has expressed confidence in the committee investigating the reported deaths of 37 miners in Niger State, urging the public to allow the panel to conclude its assignment without undue pressure.
The federation’s position followed threats by the Nigeria Diaspora Organizations and Community for Human Rights (NDOCHR) to stage a protest at the headquarters of the Nigeria Security and Civil Defence Corps (NSCDC) in Abuja over alleged delays in releasing the investigation’s findings.
FJF in a statement issued on Friday and jointly signed by FJF conveners Ibrahim Ali, Jonathan Modi, Okpara Isaac and Christopher Abah, described the investigative process as transparent and thorough, insisting that sufficient time should be allowed for the committee to complete its work and establish the facts surrounding the incident.
The federation criticised the proposed demonstration, describing it as unnecessary and politically motivated, while warning against actions that could heighten tensions over an issue involving the loss of human lives.
It also commended the leadership of the NSCDC, the Minister of Interior and President Bola Ahmed Tinubu for what it described as their commitment to transparency, accountability and the rule of law.
According to the FJF, local civil society organisations monitoring the proceedings have expressed satisfaction with the panel’s conduct. However, the federation maintained that the investigation should be allowed to run its course before conclusions are drawn.
The group also rejected calls by the diaspora organisation for the immediate removal and prosecution of the NSCDC Commandant-General, Dr Ahmed Abubakar Audi, describing the demands as premature and inconsistent with the principle of fair hearing.
It argued that calls for sanctions before the conclusion of the investigation could undermine due process and prejudice public perception of the committee’s work.
The NDOCHR had also threatened to petition the International Criminal Court (ICC) in The Hague over the matter. In response, the FJF maintained that Nigeria’s domestic legal and investigative institutions should be allowed to address the allegations through established procedures.
The federation urged Nigerians in the diaspora to exercise restraint and avoid actions that could inflame political tensions or interfere with the ongoing investigation.
It urged members of the public to remain calm and await the committee’s official findings, stressing that a thorough investigation was necessary to establish the circumstances surrounding the reported deaths and determine any responsibility arising from the incident.
The committee’s final findings and any subsequent official actions are expected to be central to resolving the concerns surrounding the incident.
The statement further called on the Inspector-General of Police and other security agencies to take appropriate steps to maintain public order in the Federal Capital Territory.
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