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Hardship: Tinubu floats company to reduce food, drug prices

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Kogi, Imo, Bayelsa gov polls: Tinubu has no favoured candidates —Ribadu, NSA
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President Bola Tinubu says the Federal Government hopes to bring down the price of food and promote local manufacturing of essential drugs and other medical supplies through the establishment of a National Credit Guarantee Company in the new year.

Tinubu, who disclosed this in his New Year nationwide broadcast to the nation, also asked states to key into the federal government’s Compressed Natural Gas, CNG, programme to reduce the cost of transportation for Nigerians.

The President equally said the youth confab he promised in the aftermath of the #EndBadGovernance protests across the country, would begin in the first quarter of 2025, as a testament of his government’s commitment to youth inclusiveness and investment as nation-builders.

This is as the main opposition party, the Peoples Democratic Party, PDP, charged the President not to taint the new year with an address that will not proffer immediate and concrete steps to reduce the price of fuel and address widespread hunger.

New coy to partner BOI, NSIA, others

According to the President, the new company, which is expected to begin operations before the end of the second quarter of the new year, is a partnership of government institutions, including the Bank of Industry, BOI, Nigerian Consumer Credit Corporation, the Nigerian Sovereign Investment Agency, NSIA, the Ministry of Finance Incorporated, the private sector and multilateral institutions.

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Tinubu, who noted that the initiative will strengthen the confidence of the financial system, expand credit access and support under-served groups such as women and youth, said the new company will help expand risk-sharing instruments for financial institutions and enterprises.

The President said: “As the new year dawns, it brings many hopes, aspirations, and prospects for better days. By the grace of God, 2025 will be a year of great promise in which we will fulfil our collective desires.

“Though 2024 posed numerous challenges to our citizens and households, I am confident that the New Year will bring brighter days. Economic indicators point to a positive and encouraging outlook for our nation.

“Fuel prices have gradually decreased, and we recorded foreign trade surpluses in three consecutive quarters. Foreign reserves have risen, and the naira has strengthened against the US dollar, bringing greater stability.

“The stock market’s record growth has generated trillions of naira in wealth, and the surge in foreign investment reflects renewed confidence in our economy. Nevertheless, the cost of food and essential drugs remained a significant concern for many Nigerian households in 2024.

“In 2025, our government is committed to intensifying efforts to lower these costs by boosting food production and promoting local manufacturing of essential drugs and other medical supplies. We are resolute in our ambition to reduce inflation from its current high of 34.6% to 15%. With diligent work and God’s help, we will achieve this goal and provide relief to all our people.

“In this new year, my administration will further consolidate and increase access to credit for individuals and critical sectors of the economy to boost national economic output.

Company to expand risk-sharing instruments for banks, businesses

“To achieve this, the Federal Government will establish the National Credit Guarantee Company to expand risk-sharing instruments for financial institutions and enterprises.

The company, expected to start operations before the end of the second quarter, is a partnership of government institutions, such as the Bank of Industry, Nigerian Consumer Credit Corporation, the Nigerian Sovereign Investment Agency, and Ministry of Finance Incorporated, the private sector, and multilateral institutions.

“This initiative will strengthen the confidence of the financial system, expand credit access, and support under-served groups such as women and youth. It will drive growth, re-industrialisation, and better living standards for our people.

“On a personal note, thank you for placing your confidence in me as your president. Your trust humbles me, and I promise to continue serving you diligently and wholeheartedly.

“We will continue to embark on necessary reforms to foster sustainable growth and prosperity for our nation.

‘’I seek your co-operation and collaboration at all times as we pursue our goal of a one trillion-dollar economy. Let us stay focused and united.

‘’We are on the right path to building a great Nigeria that will work for everyone. Let us not get distracted by a tiny segment of our population that still sees things through the prisms of politics, ethnicity, region, and religion.

‘’To achieve our national goals and objectives, we must become better citizens and uncompromising in our devotion and allegiance to Nigeria.

‘’Citizens’ moral rectitude and faith in our country are fundamental to the success of the Renewed Hope Agenda. In 2025, we will commit to promoting adherence to ethical principles, shared values, and beliefs under the National Identity Project.

‘’I will unveil the National Values Charter, already approved by the Federal Executive Council, in the first quarter of 2025. I will launch an ambitious national orientation campaign that fosters patriotism and love for our country and inspires citizens to rally together.

‘’The Charter will promote mutual commitments between the government and citizens and foster trust and cooperation among our diverse population and between the government and the citizens.

‘’As far-reaching and foundational as our reforms are, they can produce the desired outcomes only through shared common values and identities and unconditional love for our country.

Youth confab for the first quarter of 2025

‘’The Youth Confab will begin in the first quarter of 2025, a testament to our commitment to youth inclusiveness and investment as nation-builders. The Ministry of Youth will soon announce the modalities for selecting the conference’s representatives from our diverse, youthful population.

‘’Let me use this New Year’s message to urge our governors and local council chairpersons to work closely with the central government to seize emerging opportunities in agriculture, livestock, and tax reforms and move our nation forward.

‘’I commend governors who have embraced our Compressed Natural Gas initiative by launching CNG-propelled public transport. I also congratulate those who have adopted electric vehicles as part of our national energy mix and transition. The Federal Government will always offer necessary assistance to the states.

“To all citizens, your sacrifices have not been in vain over the past 19 months. I assure you they will not be in vain, even in the months ahead. Together, let us stay the course of nation-building.
The New Year will bring us closer to the bright future we all desire and the Nigeria of our dreams.

PDP charges Tinubu to address insecurity, food crisis

Meanwhile, Peoples Democratic Party, PDP, has charged President Bola Tinubu not to taint the new year with an address that will not proffer immediate and concrete steps to reduce the price of fuel and address widespread hunger.

The party also asked the President to provide clear-cut measures to guarantee security of lives and property in the country.

National Publicity Secretary of PDP, Debo Ologunagba, who gave the charge in a statement in Abuja yesterday, said: “The party’s position is predicated on the fact that previous addresses by Mr. President in the last 18 months dwelt only on hopeless rhetoric, unsubstantiated statistics, false promises, conjured performance claims and validation of flawed elections without concrete mechanisms to address insecurity, resuscitate the economy, create jobs, ensure credible elections and guarantee better living standard for Nigerians.

“The PDP maintains that President Tinubu must speak to the issues of unbridled corruption, deceit, budget padding, reckless and wasteful spending directed to fund the luxury appetite of APC leaders, insensitivity to the pains of citizens and total disregard to the obligation of government which has made life unbearable for Nigerians under his watch.

“The Party also challenges President Tinubu to use the address to give an account of the billions of Naira officially reported to have accrued from the removal of subsidy on petroleum products.

“Furthermore, Mr President should come clean on his public commitment to fight corruption by ordering an investigation and recovery of the over N25 trillion reportedly stolen by APC leaders and officials in government who have turned government agencies to Automated Teller Machines, ATM, to siphon funds for their benefit while other Nigerians wallow in abject poverty, hunger and starvation.

“Equally worrisome is the failure of the APC government to revisit and address the reported cases of alleged State-backed killings in various parts of the country, particularly the 2020 EndSars killings and inhuman denial of the massacre of promising Nigerian youths in that sad and repulsive incident.

“The last 18 months have been the most excruciating period to Nigerians since the Civil War with citizens now resorting to suicide and slavery mission aboard due to the hopeless situation foisted by the anti-people policies of the suppressive, exploitative and insensitive APC government which continues to reject every appeal and suggestion for review of such policies.

“More disheartening is that while Nigerians die of hunger and insecurity, APC leaders and officials in government continue to flaunt their luxury appetite and lifestyle in utter disdain to the feelings of millions of impoverished citizens.

“The PDP cautions the APC not to carry over such attitude into 2025 as such would further exasperate the patience and sensibility of Nigerians.

“Our party however urges Nigerians not to lose hope in the nation but remain law-abiding and approach 2025 with optimism of a new dawn in their determination to defend our nation’s constitutional democracy, adherence to the rule of law, demand for transparency and accountability in government; in firm resistance to suppression and pervasive violations by the APC.

“This, the PDP believes is the sure step in the quest by our Party and Nigerians to return our country to the path of stability and economic prosperity which has eluded her since the calamitous coming of the APC in 2015. The PDP salutes Nigerians and wishes all a Happy 2025.”

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2027 Presidency: Campaign across Nigeria, Peter Obi challenges Tinubu

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S’Court didn’t deliver judgment in Obi’s case against Tinubu -LP
President Tinubu and Mr Peter Obi
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No no no Presidential candidate of Nigeria Democratic Congress (NDC), Mr Peter Obi, said that President Bola Tinubu has travelled over 260 days outside the country, but can’t spend 36 days to go round the states of the federation to campaign for next year’s general election.

President Tinubu had said that he may not campaign in all the 36 states of the country for next year’s general election because governance also require his attention.

Obi who declared himself as the leading presidential candidate for the 2027 election, said the President does not have the energy and competence to run the country and therefore should pack out of Aso Rock, go home and rest.

He stated this on Thursday in Abakaliki, Ebonyi State capital, during a town hall political summit.

“I want President Tinubu to come to Abakaliki to tell the people what he has done in the past three years. I want him to come to Abakaliki to tell you what he used the money he has been borrowing to do for the past three years.

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The former governor of Anambra state urged the Presidential candidate of All Progressives Congress (APC), to made himself available in Ebonyi state to tell Nigerians what he has used their monies he borrowed to do.

“President Tinubu has stayed over 260 days out of Nigeria yet, he cannot spend up to 36 days to go round Nigeria to tell the people what he has been doing for the past three years. We will not do that.

“President Tinubu does not have the competence to run Nigeria. He does not have the energy to run Nigeria. He should pack his things, go home and rest”, he said

Obi warned against dividing South East and declared that he was seeking votes of the electorate as a Nigerian who is eminently qualified for the presidency.

“Let nobody divide the South East. I don’t want the people of Ebonyi to vote for me because I am from the South East. I don’t want you to vote for me because I am an Igbo person.

“My dear people, I want you to vote for me because I am qualified to be the President of this country. I want you to vote for me because I am the leading candidate”, he opined

He announced to declare emergency on hunger, insecurity, education, corruption, health, power and other challenges confronting the nation and threatened to jail anyone who embezzles public fund if he emerges the President.

“We will declare emergency on about seven items. Number one is that we must unite Nigeria. We don’t want people to be around Nigeria saying, I am Igbo, I am Yoruba, I am Hausa, I am this, I am that.

“We must unite this country, our pride should not be consideration of employment, this or that. We will operate federal character for all the jobs we have. So, we must unite the country.

“We will declare emergency in the security of lives and property in Nigeria. We will deal with insecurity decisively. Nobody will be in charge, we will be in charge.

“Let me assure today, if I am President of this country, kids come to school and somebody takes them into the bush, we will be in the bush with such person. They will not be there alone, we will be there with those kids. We will defend the country because we are going to equip the security agencies to make sure that our country is safe.

“We will declare emergency in corruption. I will fight corruption like nobody has fought it before. Public money must be used for public good, nobody will steal our money again. If you do it, you will go to jail starting from the President.

“We will declare emergency in education.

“We have over 18 million children out of school, we must reduce it. We will declare emergency on hunger. We have vast lands, our farmers must go back to farm, be able to cultivate, give us what we eat and be able to export. We will do that.

“We will declare emergency in health. We must have a functional healthcare in all the political ward of Nigeria. Every ward must have it, we have the resources to do it,” Obi stated.

 

Peter Obi and President Tinubu

 

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Gov Mbah Presents Manifesto Scorecard, Says Enugu Has Regained Confidence

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Governor Peter Mbah presenting his Manifesto ahead of 2027 Election
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…Recounts challenges inherited in 2023, outlines progress in security, infrastructure, education, economic development

Governor of Enugu State, Dr. Peter Mbah, has rendered an account of his manifesto performance to the people of Enugu State, saying his administration had made substantial progress in restoring Enugu’s position as a place where people want to live, work, invest and visit.

Mbah recalled that he presented his manifesto at the same venue in October 2022 ahead of the 2023 governorship election, saying the Manifesto Performance Update was in keeping faith with the Citizens Charter (Executive Order 001), which he executed upon his inauguration on May 29, 2023.

Speaking at the event themed “Our Commitment to Ndi Enugu: The Journey So Far,” which took place at the Peter Mbah Law Auditorium at Godfrey Okoye University, Enugu, on Thursday, Mbah recalled the state of affairs at the time he assumed office and outlined his government’s achievements, development priorities and long-term economic ambitions.

“Think back to May 2023, when we first assumed office. Think about the condition of our state, the difficulties we faced, and the expectations we had.

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“There was a time when Monday was no longer an ordinary working day in Enugu. Shops remained closed. Roads were deserted. Parents were afraid to send their children to school. People who depended on their daily earnings had to surrender an entire day’s income because others had decided they should remain indoors. That was the reality we inherited.

“Our roads were in poor condition. Public services had deteriorated. Many schools were struggling to provide the kind of education our children deserved. Our health facilities needed substantial investment. And Enugu, a city that had once been the natural centre of commercial, political and cultural life across the region, was gradually losing that position.

“Businesses were looking elsewhere. Major events were moving to other cities. Our airport had barely two incoming flights a day,” he stated.

He, however, said his administration had guided the state to significant progress, highlighting achievements in health, education, tourism, agriculture, transportation and other sectors, and their connections to his 2023 campaign promise to eradicate poverty and grow the state’s economy from $4.4 billion to $30 billion.

“Today, people are going about their business with a freedom that had been denied to them for far too long.

“A trader can plan a full working week. Children can attend school. Businesses can receive customers, move goods and keep their employees working. That security gave us a foundation upon which other changes could begin,” he said.

“That is how economic development begins to reach into households and communities.

“The changes are visible, and the scale of our ambition is becoming clearer. We should take pride in what has been achieved, while recognising how much remains to be done,” he maintained.

He urged the people to seize the opportunity of the moment by rallying around him to continue with the task of building a prosperous future for the state.

“This is one moment in the long history of Enugu. This is a moment of extraordinary possibility for our people. And I believe this is the moment we must seize. The work we have begun needs the commitment of all of us.

“I ask you to bring your ideas, your skills, your enterprise and your experience into the life of our state. Take an interest in what is happening in your community. Help us identify problems and develop practical solutions.

“We have the opportunity to leave something of lasting value to those who come after us: a state with stronger institutions, a more productive economy, better opportunities for its children and communities whose people can take pride in what they have achieved together. That is the Enugu I want us to build,” he concluded.

Earlier, the Vice-Chancellor of Godfrey Okoye University, Prof. Christian Anieke, recalled that Mbah had presented his manifesto at the same venue in 2022, ahead of the 2023 governorship election, which he subsequently won.

Anieke commended the governor for returning to the university to render an account of his stewardship nearly four years into his administration.

He urged other political leaders entrusted with public office to emulate the practice of returning to the people to explain their performance and account for their promises.

The vice-chancellor said the accomplishments of the Mbah administration were evident and verifiable, arguing that many of the projects and interventions were visible to residents.

The event drew the attendance of a cross-section of the society, including members of the academia, students, civil society organisations, business owners, professional bodies, and media, among others.

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Amadeo Event Centre Explains NDC Event Controversy, Denies Enugu Govt Interference

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Amadeo Event Center Enugu
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The management of Amadeo Event Centre, Enugu, has denied claims that it prevented the Nigerian Democratic Congress (NDC) from using its facility for a political event, insisting that the dispute arose from an alleged breach of a booking agreement.

In a press release issued on Thursday, the management said the facility was initially booked by Dr Sabastine Chuks Ezeh, Registrar of the Nigeria Institute of Healthcare Givers and Medical Social Work Practitioners, for a national meeting and conference scheduled for October 15, 2026.

According to the statement, the booking was made on October 7, while Dr Ezeh subsequently submitted a letter of cancellation and refund request on October 13.

The management explained that the client later withdrew the cancellation request, stating that the association intended to postpone the event rather than cancel it.

It said the new date of October 29 was confirmed on October 23, with arrangements made for decorations to commence on October 28.

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However, Amadeo Event Centre said it discovered on the morning of October 28 that the decoration materials brought to the premises were intended for a political party rather than the association that had booked the facility.

The management described the development as a violation of the terms and conditions of the booking agreement.

It cited Clause 17 of its terms and conditions, which it said reserves the right of management to stop activities, meetings or events that are not conducted in accordance with the facility’s rules and applicable regulatory requirements.

The management said it subsequently notified the client of the cancellation of the facility’s approval for the event.

It further claimed that officials and candidates of the NDC later arrived at the premises with security personnel, expressing surprise at what it described as a change in the identity of the client and the nature of the event.

Despite the disagreement, the management said it eventually allowed the gathering to proceed to prevent a possible breakdown of law and order.

According to the statement, the organisers informed management that the event would be a youth town hall meeting featuring Mr Peter Obi.

Venue Denies Booking by Political Party

Amadeo Event Centre maintained that no political party booked its facility for the October 29 event, insisting that the only booking for the date was made by the healthcare practitioners’ association for a national meeting and conference.

The management also described the centre as a non-partisan venue, stating that its policy since inception had been to decline requests to use its facilities for political purposes.

It denied seeking police intervention to stop the gathering, explaining that the officers seen in viral videos were security escorts accompanying political aspirants who arrived at the premises after the cancellation notice had been issued.

Management Denies Enugu Government’s Involvement

The event centre also dismissed suggestions that the Enugu State Government was involved in the controversy.

According to the management, the state government played no role in the matter, adding that it received no instruction, directly or indirectly, from any government official regarding the event.

It attributed the public controversy surrounding the incident to what it described as a partisan interpretation of the matter amid the current political season.

The management reaffirmed its commitment to providing a venue for peaceful and lawful gatherings, including academic, social, religious and corporate events.

The controversy has attracted attention on social media, with discussions focusing on the circumstances surrounding the planned gathering, the cancellation notice and the presence of security personnel at the facility.

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