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FULL TEXT: Tinubu’s address to Nigerians on #EndBadGovernance protest

Published

2 years ago

August 4, 2024

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BROADCAST BY HIS EXCELLENCY BOLA AHMED TINUBU, PRESIDENT AND COMMANDER-IN-CHIEF OF THE ARMED FORCES OF THE FEDERAL REPUBLIC OF NIGERIA

My fellow Nigerians,

“I speak to you today with a heavy heart and a sense of responsibility, aware of the turmoil and violent protests unleashed in some of our states.

“Notably among the protesters were young Nigerians who desired a better and more progressive country where their dreams, hopes, and personal aspirations would be fulfilled.

“I am especially pained by the loss of lives in Borno, Jigawa, Kano, Kaduna and other states, the destruction of public facilities in some states, and the wanton looting of supermarkets and shops, contrary to the promise of protest organisers that the protest would be peaceful across the country. The destruction of properties sets us back as a nation, as scarce resources will be again used to restore them.

“I commiserate with the families and relations of those who have died in the protests. We must stop further bloodshed, violence and destruction.

“As President of this country, I must ensure public order. In line with my constitutional oath to protect the lives and property of every citizen, our government will not stand idly by and allow a few with a clear political agenda to tear this nation apart.

“Under the circumstances, I hereby enjoin protesters and the organisers to suspend any further protest and create room for dialogue, which I have always acceded to at the slightest opportunity. Nigeria requires all hands on deck and needs us all – regardless of age, party, tribe, religion or other divides, to work together in reshaping our destiny as a nation. To those who have taken undue advantage of this situation to threaten any section of this country, be warned: The law will catch up with you. There is no place for ethnic bigotry or such threats in the Nigeria we seek to build.

“Our democracy progresses when the constitutional rights of every Nigerian are respected and protected. Our law enforcement agencies should continue to ensure the full protection of lives and properties of innocent citizens in a responsible manner.

“My vision for our country is one of a just and prosperous nation where each person may enjoy the peace, freedom, and meaningful livelihood that only democratic good governance can provide – one that is open, transparent and accountable to the Nigerian people.

“For decades, our economy has remained anaemic and taken a dip because of many misalignments that have stunted our growth. Just over a year ago, our dear country, Nigeria, reached a point where we couldn’t afford to continue the use of temporary solutions to solve long-term problems for the sake of now and our unborn generations. I therefore took the painful yet necessary decision to remove fuel subsidies and abolish multiple foreign exchange systems which had constituted a noose around the economic jugular of our Nation and impeded our economic development and progress.

“These actions blocked the greed and the profits that smugglers and rent-seekers made. They also blocked the undue subsidies we had extended to our neighbouring countries to the detriment of our people, rendering our economy prostrate. These decisions I made were necessary if we must reverse the decades of economic mismanagement that didn’t serve us well. Yes, I agree, the buck stops on my table. But I can assure you that I am focused fully on delivering the governance to the people – good governance for that matter.

“In the past 14 months, our government has made significant strides in rebuilding the foundation of our economy to carry us into a future of plenty and abundance. On the fiscal side, aggregate government revenues have more than doubled, hitting over 9.1 trillion Naira in the first half of 2024 compared to the first half of 2023 due to our efforts at blocking leakages, introducing automation, and mobilising funding creatively without additional burden on the people. Productivity is gradually increasing in the non-oil sector, reaching new levels and taking advantage of the opportunities in the current economic ambience

“My dear brothers and sisters, we have come this far. Coming from a place where our country spent 97% of all our revenue on debt service; we have been able to reduce that to 68% in the last 13 months. We have also cleared legitimate outstanding foreign exchange obligations of about $5billion without any adverse impact on our programmes.

“This has given us more financial freedom and the room to spend more money on you, our citizens, to fund essential social services like education and healthcare. It has also led to our State, and Local Governments receiving the highest allocations ever in our country’s history from the Federation Account.

“We have also embarked on major infrastructure projects across the country. We are working to complete inherited projects critical to our economic prosperity, including roads, bridges, railways, power, and oil and gas developments. Notably, the Lagos-Calabar Coastal Highway and Sokoto-Badagry Highway projects will open up 16 connecting states, creating thousands of jobs and boosting economic output through trade, tourism and cultural integration

“Our once-declining oil and gas industry is experiencing a resurgence on the back of the reforms I announced in May 2024 to address the gaps in the Petroleum Industry Act. Last month, we increased our oil production to 1.61million barrels per day, and our gas assets are receiving the attention they deserve. Investors are coming back, and we have already seen two Foreign Direct Investments signed of over half a billion dollars since then.

“Fellow Nigerians, we are a country blessed with both oil and gas resources, but we met a country that had been dependent solely on oil-based petrol, neglecting its gas resources to power the economy. We were also using our hard-earned foreign exchange to pay for, and subsidise its use. To address this, we immediately launched our Compressed Natural Gas Initiative (CNG) to power our transportation economy and bring costs down. This will save over two trillion Naira a month, being used to import PMS and AGO and free up our resources for more investment in healthcare and education.

“To this end, we will be distributing a million kits of extremely low or no cost to commercial vehicles that transport people and goods and who currently consume 80% of the imported PMS and AGO.

“We have started the distribution of conversion kits and setting up of conversion centres across the country in conjunction with the private sector. We believe that this CNG initiative will reduce transportation costs by approximately 60 per cent and help to curb inflation.

“Our administration has shown its commitment to the youth by setting up the student loan scheme. To date, 45.6billion Naira has already been processed for payment to students and their respective institutions

“I encourage more of our vibrant youth population to take advantage of this opportunity. We established the Consumer Credit Corporation with over N200billion to help Nigerians to acquire essential products without the need for immediate cash payments, making life easier for millions of households. This will consequently reduce corruption and eliminate cash and opaque transactions. This week, I ordered the release of an additional N50billion Naira each for NELFUND – the student loan, and Credit Corporation from the proceeds of crime recovered by the EFCC

“Additionally, we have secured $620million under the Digital and Creative Enterprises (IDiCE) – a programme to empower our young people, creating millions of IT and technical jobs that will make them globally competitive. These programmes include the 3Million Technical Talents scheme. Unfortunately, one of the digital centres was vandalised during the protests in Kano. What a shame!

“In addition, we have introduced the Skill-Up Artisans Programme (SUPA); the Nigerian Youth Academy (NIYA); and the National Youth Talent Export Programme (NATEP).

“Also, more than N570 billion has been released to the 36 states to expand livelihood support to their citizens, while 600,000 nano-businesses have benefitted from our nano-grants. An additional 400,000 more nano-businesses are expected to benefit.

“Furthermore, 75,000 beneficiaries have been processed to receive our N1million Micro and Small Business single-digit interest loans, starting this month. We have also built 10 MSME hubs within the past year, created 240,000 jobs through them and 5 more hubs are in progress which will be ready by October this year.

“Payments of N1billion each are also being made to large manufacturers under our single-digit loans to boost manufacturing output and stimulate growth.

“I signed the National Minimum Wage into law last week, and the lowest-earning workers will now earn at least N70,000 a month.

“Six months ago in Karsana, Abuja, I inaugurated the first phase of our ambitious housing initiative, the Renewed Hope City and Estate. This project is the first of six we have planned across the nation’s geopolitical zones. Each of these cities will include a minimum of 1,000 housing units, with Karsana itself set to deliver 3,212 units

“In addition to these city projects, we are also launching the Renewed Hope Estates in every state, each comprising 500 housing units. Our goal is to complete a total of 100,000 housing units over the next three years. This initiative is not only about providing homes but also about creating thousands of jobs across the nation as well as stimulating economic growth.

“We are providing incentives to farmers to increase food production at affordable prices. I have directed that tariffs and other import duties should be removed on rice, wheat, maize, sorghum, drugs, and other pharmaceutical and medical supplies for the next 6 months, in the first instance, to help drive down the prices.

“I have been meeting with our Governors and key Ministers to accelerate food production. We have distributed fertilisers. Our target is to cultivate more than 10 million hectares of land to grow what we eat. The Federal Government will provide all necessary incentives for this initiative, whilst the states provide the land, which will put millions of our people to work and further increase food production. In the past few months, we have also ordered mechanized farming equipment such as tractors and planters, worth billions of Naira from the United States, Belarus, and Brazil. I can confirm to you that the equipment is on the way.

“My dear Nigerians, especially our youth, I have heard you loud and clear. I understand the pain and frustration that drive these protests, and I want to assure you that our government is committed to listening and addressing the concerns of our citizens.

“But we must not let violence and destruction tear our nation apart. We must work together to build a brighter future, where every Nigerian can live with dignity and prosperity.

“The task before us is a collective one, and I am leading the charge as your President. A lot of work has gone into stabilising our economy and I must stay focused on ensuring that the benefits reach every single Nigerian as promised.

“My administration is working very hard to improve and expand our national infrastructure and create more opportunities for our young people.

“Let nobody misinform and miseducate you about your country or tell you that your government does not care about you. Although there have been many dashed hopes in the past, we are in a new era of Renewed Hope. We are working hard for you, and the results will soon be visible and concrete for everyone to see, feel, and enjoy.

“Let us work together to build a brighter future for ourselves and for generations to come. Let us choose hope over fear, unity over division, and progress over stagnation. The economy is recovering; Please, don’t shut out its oxygen. Now that we have been enjoying democratic governance for 25 years, do not let the enemies of democracy use you to promote an unconstitutional agenda that will set us back on our democratic journey. FORWARD EVER, BACKWARD NEVER!

“In conclusion, security operatives should continue to maintain peace, law, and order in our country following the necessary conventions on human rights, to which Nigeria is a signatory. The safety and security of all Nigerians are paramount.

“Thank God — and Thank you for your attention, and may God continue to bless our great Nation. Thank you very much”.

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Despite fuel subsidy removal, FG struggles to implement budgets, experts lament

Published

6 hours ago

August 31, 2026

Advocate News Nigeria

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• Say capital projects development under threat

Economic experts have lamented that despite fuel subsidy removal in 2023, the Federal government struggled to implement 2024 budget with the 2025 budget recording barely 30 percent implementation.

They said the continued delay in the implementation of rollover and the current budget by the government posed a threat to capital projects.

Speaking at the weekend with the Nigerian Tribune, an economic expert, Eze Onyekpere, explained that under the current expenditure, “you have salaries and embodiments of public officers. So the only people you can touch are those people who are working with government, which is very few.

“Another part of recurrent expenditure is debt, which is taking 53 percent of all our revenue. So, those ones are not impacting on anybody. Now, the part of the budget that touch lives of the people is the capital budget, particularly the developmental capital” he stated.

Onyekpere said the developmental capital deals with building bridges, hospitals, schools, water facilities, improving electricity and agriculture.

“So, if you are not implementing capital projects that mean you are only running the bureaucracy, paying salaries, paying debts. You are not doing projects that will impact the life of the original people.”

He explained, ‘Don’t forget that it is from capital budget that you also buy bullets, buy arms, which after paying salaries of the soldiers and the military and the police, they also need equipment to be able to work. So if you are not funding that, there is no way they will be performing optimally.

“So that is the danger of not implementing the capital budget. We are being told that the resources are improving, that the money is there. So why is the government not implementing the budget if the money is there?” He questioned.

The Economic Expert further explained that part of the Ease of Doing Business is building the road that transport the goods, or that there are good railways, or that we are having constant 24-hour electricity instead of factories having to run a generator or start producing their own mini grids to power production, causing commodity price increase.

It is reported that only 30 percent of the 2025 capital budget was funded and executed during its initial cycle due to revenue shortfalls. 70 percent of the unexecuted 2025 capital projects were deferred and rolled over into the 2026 capital budget framework.

Also lamenting the non-implementation of the country’s budget, another Economic Expert and the Co-founder of BudgIT, Oluseun Onigbinde, said the current administration has declared more revenue with low capital releases.

“You don’t need to continue to roll the budget over and over. There are so many items you find in the budget that have no priority; they don’t make any developmental sense to the Nigerian people. For example, you are putting palaces in the budget.

“The Federal Government trying to build palaces, or investing in churches and mosques, or buying musical instruments for a church is not going to bring any developmental opportunity. So there are multiple layers of these issues, and there is no coordinated fiscal program from the federal government.

“The federal government is raising revenues, but there are challenges. One is the issue of debt servicing cost. Because of the devaluation of the currency, debt servicing cost has skyrocketed. It’s around 17 trillion naira as of last year.”

He warned that debt servicing cost is not slowing down any time soon. So the federal government needs to reflect on its fiscal choices and ask itself, how do I generate more revenue? That is the first point.

The second point you have to ask is, how do I prioritise capital spending that gives us impact? And that starts from the budgeting process» he stated.

During the Senate engagement with the Ministry of Finance recently, Senator Mohammed Tahir Monguno raised the alarm.

He questioned why capital projects and critical government programs appear to be lagging if revenue collections are exceeding projection.

The senator also expressed concern over the reported absence of capital releases to security agencies and sought clarification on the retention of about 1.7 trillion naira from recent federation account allocations.

“We have exceeded the target of our revenue collection. It is inherently contradictory for government to woefully fail to implement the budget. Where are these revenues going to? If the budget, for example, 2025 budget, has not been implemented, and we have to roll over 70 percent of 2025 to 2026, and that with the promise that 30 percent will be implemented before March.

«Up to March, even 30 percent was not implemented. National Assembly had to extend the lifespan of the budget up to September to allow government to implement just 30 percent component of 2025 budget”, he lamented.

In response, the Minister of Finance and the Coordinating Minister of the Economy, Taiwo Oyedele said for external loans, “we always need the approval of the National Assembly.

“So, what happens is, when we get the approval of the National Assembly, the media would rightly report it, and many people take that as money borrowed. When we now borrow the money, they report it again. So, in fact, I think it was last year when the National Assembly approved about $20 billion, which was based on MTEF. So people add up big numbers as the money we have borrowed, and that is misleading in terms of the analysis.

“We are currently finalising this breakdown in the Ministry of Finance. We’ll make it available to the public. It will show how much the National Assembly approved and how much of what we have borrowed and how it has been spent” he stated.

Analysts believe that the low budgetary implementation, particularly the capital project aspect, has denied many citizens the benefits of the fuel subsidy removal as only a few who has direct business to do with the government that may have gained from the policy. (Nigerian Tribune)

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‘Nigeria is burning’ — Atiku tackles Tinubu over three-week European vacation

Published

6 hours ago

August 31, 2026

Advocate News Nigeria

Atiku and Tinubu

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Former Vice-President and 2027 presidential candidate of the African Democratic Congress (ADC), Atiku Abubakar, has criticised President Bola Tinubu’s decision to embark on a three-week vacation in Europe amid the country’s economic and security challenges.

Atiku, in a statement issued after Tinubu’s departure, said the President’s absence from the country at a time of widespread hardship reflected what he described as a “disturbing vacuum of political leadership”.

He acknowledged that there was no constitutional vacuum, but argued that the circumstances surrounding the President’s trip raised questions about his leadership priorities.

“Nigeria may not be facing a constitutional vacuum today, but there is a disturbing vacuum of political leadership,” Atiku said.

The former vice-president contrasted Tinubu’s trip with his own travels, noting that the responsibilities of a sitting president were different from those of a private citizen.

“I have travelled, lived and spent time abroad, and I have never pretended otherwise. But there is a fundamental difference between the travels of a private citizen and the responsibility of the sitting President of the Federal Republic of Nigeria,” he said.

Atiku listed rising living costs, food insecurity, high transport fares and insecurity among the challenges confronting Nigerians, arguing that the situation required the President’s presence in the country.

“Consider what Bola Tinubu is leaving behind. Petrol priced beyond the reach of ordinary people. Families rationing food. Transport fares that have turned a journey to one’s own village into a luxury. Insecurity that buries Nigerians week after week,” he said.

He also noted that Vice-President Kashim Shettima was out of the country on official duty, describing the President’s decision to travel under the circumstances as difficult to understand.

According to Atiku, leadership requires knowing when a country needs the physical presence of its leader.

“Leadership is not merely the constitutional right to occupy an office; it is the judgment to know when your country needs you at home,” he said.

Using a fire analogy, Atiku argued that a leader should remain with his people during a crisis rather than leave the country.

“A father may travel when all is well. But when his roof is burning and his family is trapped inside, he does not pick up his suitcase and head for the airport,” he said.

Atiku stressed that his criticism was not based on the principle that a president should never travel or take time off, but on what he described as the severity of Nigeria’s current challenges.

“It is not that a President must never rest or travel. It is that Nigeria is burning, and the President has chosen a boarding pass over the fire extinguisher,” he said.

He further criticised the economic policies of the Tinubu administration, saying Nigerians were struggling to cope with the rising cost of living.

“Millions of Nigerians are being grounded by hardship while their President is airborne,” Atiku said.

He concluded by contrasting his proposed leadership with the current administration, declaring: “Tinubu made Nigeria expensive. I will make Nigeria affordable again.”

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Inferno razes Abuja building materials market, destroys goods worth millions

Published

12 hours ago

August 30, 2026

Advocate News Nigeria

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A fire outbreak has destroyed shops and goods reportedly worth millions of Naira at Eda Plaza, a building materials market located opposite Chida Hotel in Jabi, Abuja.

An eyewitness was quoted by the Nigerian Television Authority NTA as stating that the alarm was raised around 3am on Sunday when his brother-in-law, who owns two shops and a packing store within the affected plaza, received a distress call from a colleague at the market.

National Public Relations Officer and Head, Corporate Services at the Federal Fire Service, Deputy Controller of Fire Paul Abraham, who confirmed the incident said a distress call about the fire, identified as the Eda Plaza fire, was received at 2:46am.

He said the Federal Fire Service, alongside the Federal Capital Territory FCT Fire Service, turned out with appliances from its Wuse, Interior Ministry, and Garki stations to battle the blaze, and that a stop message was issued at 10:14am, signaling that the fire had been brought under control.

Abraham added that investigations into the remote and immediate causes of the fire were currently underway.

Earlier, the eyewitness said there were no casualties in the incident.

He said, “We were at home this morning, as early as 3 am, and my brother-in-law received a call from one of his colleagues here in the plaza that the plaza was on fire. So we had to rush down there. On getting here, we discovered that the situation was so bad”.

By the time they arrived at the scene, the eyewitness said, the fire had already spread extensively, leaving only one of his brother-in-law’s two shops standing.

“In this plaza, my brother-in-law had two shops and a packing store. Unfortunately, only one of the shops was saved. The other shop and the packing store were totally damaged by the fire,” he added.

The eyewitness put the value of roofing materials lost in the blaze at over N20 million, lamenting that some of the destroyed materials had been freshly installed the night before the incident.

“Over here, you see some of the roofs that we still have here. We are talking about a roof that is worth over N20 million lost in this fire,” he said, adding, “Because the other shop, we had roofs that were just restocked last night. And then the packing store also, we had roofs that were just restucked last night.”

Notwithstanding the heavy losses recorded, the eyewitness said he was consoled that the incident claimed no casualties.

“In our situation, we give thanks to God that no life was lost in this situation,” he said. (Vanguard)