President Bola Tinubu addressed the nation in his second nationwide broadcast since his inauguration, marking Nigeria’s 63rd Independence Anniversary. In his speech, Tinubu reinforced his commitment to reshape and modernize the nation’s economy and ensure the security of its citizens.
One of the key points highlighted by the President was the implementation of painful reforms, such as the removal of fuel subsidy and foreign exchange unification. He acknowledged that these measures may cause temporary discomfort, but emphasized their importance for the country’s growth.
Furthermore, Tinubu announced the introduction of a provisional wage increment of N25,000 for “average low-grade” workers, which will last for six months. This measure aims to provide relief to workers facing economic challenges.
The government also pledged to support states in providing relief packages to counter the impact of rising food and other prices. In addition, efforts will be made to ease transport costs through the arrival of new Compressed Natural Gas conversion kits. Training facilities for transport operators will also be established across the country.
The President mentioned the upcoming report from the special investigator appointed to probe the Central Bank of Nigeria during the previous leadership. He highlighted the commitment of the bank’s new leadership to implement monetary policies that benefit all members of society.
Tinubu emphasized the importance of tax reform as a means to enhance tax administration efficiency and remove obstacles to economic growth. The government pledged to increase its investment in Micro, Small, and Medium Enterprises (MSMEs) as part of its efforts to address unemployment and poverty.
The safety of citizens was identified as a top priority, with the government vowing to allocate resources to ensure their protection. The military will also receive enhanced equipment and the service chiefs have been tasked with rebuilding the capacity of the country’s security services.
, President Bola Tinubu’s nationwide broadcast on Nigeria’s 63rd Independence Anniversary covered various key issues, including economic reforms, relief measures, tax reform, investment in MSMEs, and the safety of citizens. It outlined the government’s commitment to transforming the Nigerian economy and improving the lives of its people.
ENND