Some takeaways from President Bola Ahmed Tinubu nationwide Broadcast
Inauguration of first phase of the Renewed Hope City and Estate with 3,212 housing units in Abuja. 6 more across the geopolitical zones with at least 1,000 housing units.
Renewed Hope Estates in every state, each comprising 500 housing units. 100,000 housing units to be completed over the next three years
N70,000 National Minimum Wage signed into law.
N45.6billion processed for payment to students and their respective institutions.
N1billion each to large manufacturers under our single-digit loans to boost manufacturing output and stimulate growth.
75,000 beneficiaries processed to receive N1million Micro and Small Business single-digit interest loans starting August.
Debt servicing ratio reduced from 97% in May 2023 to 68% in July 2024. A 32% reduction
Free million conversion kits to be distributed to commercial drivers aimed at reducing transportation cost.
Increased oil production to 1.61m/pbd
Removal of tariffs and import duties on pharmaceutical products and grains for till December 2024.
Equipment for mechanised farming in large already imported from Belarus, the United States, Brazil to increase food production.
10 MSME hubs built in one year with 240,000 jobs. 5 more hubs to be ready by October 2024.
N570 billion released to the 36 states to expand livelihood support to their citizens.
600,000 nano-businesses so far benefitted from nano-grants. Additional 400,000 more nano-businesses expected to benefit.
Introduction of the Skill-Up Artisans Programme (SUPA); the Nigerian Youth Academy (NIYA); and the National Youth Talent Export Programme (NATEP).
Secured $620million under the Digital and Creative Enterprises (IDiCE) – a programme to empower young people, create millions of IT and technical jobs.
N50billion each for NELFUND – the student loan, and Credit Corporation from the proceeds of crime recovered by the EFCC
Consumer Credit Corporation with over N200billion to help Nigerians to acquire essential products without the need for immediate cash payments.
Distribution of conversion kits and setting up of conversion centres across the country in conjunction with the private sector.
CNG initiative to reduce transportation costs by approximately 60 per cent and help to curb inflation.
Fertilizers distrusted. More than 10m hectares to be cultivated to combat food inflation.
President Bola Ahmed Tinubu’s quotable quotes:
“Let nobody misinform and miseducate you about your country or tell you that your government does not care about you.” – PBAT
“Our government will not stand idly and allow a few with clear political agendas to tear this nation apart. I therefore enjoin protesters and organisers to suspend any further protest and create room for dialogue.” – PBAT
“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.” – PBAT
“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.”
Collated by Omogbolahan L.A BABAWALE, O’CZAR
Average Nigerians were disappointed that President Bola Ahmed Tinubu’s speech has not addressed the fundamental consequences of the protests like any other of his addresses before the protests.
President has not talk about fixing our refineries and stoppage of importing refined pms as well as exporting of our crude oil. He has forgot to mention the effort of his administration on what he is doing on the ongoing devaluation of our Naira with respect to US dollars and other foreign countries.
The President should have also talk about banditry/kidnapping and the effort he is doing to eliminate it.
He said he has signed the New minimum wage law into order, he did not mention when the Nigerian civil servants will start benefitting.
There are so many silent issues which the President supposed to address but he shunned them.
