Highlight

We are committed to revamping economy, boosting Nigerians’ purchasing power – Tinubu

"So first, retool, revamp the economic opportunities available, and resolve to continue taking the firm, steady, and bold steps that are necessary"

412

President Bola Tinubu says his administration remains undeterred in its pursuit of comprehensive economic security for the country while addressing foundational challenges and creating a fair and equitable system for Nigerians.

Speaking when he received leaders of Afenifere, the Yoruba socio-cultural organization at the State House, Abuja, on Wednesday, the President said his administration is re-engineering Nigeria’s finances and seeking to boost the purchasing power of citizens and spread prosperity down the line.

He stated that instituting a credit system allows for a significantly enhanced standard of living for all citizens without the need for cash.

He said Nigeria must secure itself economically first before it can achieve any of its more sophisticated objectives.

Tinubu said: ‘’We are committed to the economic survival of our country. To re-engineer the finances of our country, we must start in earnest.

“So first, retool, revamp the economic opportunities available, and resolve to continue taking the firm and steady, bold steps that are necessary.

‘’Education is a strong weapon against poverty. To empower the people, we must invest in the future of our youths.

“We have seen the problems parents face in training their children in school; it is the reason why we established the National Student Loan Programme, which is taking off well.

‘’We are equally examining what to do with the high degree of unemployment. We must help vulnerable people by providing social security.

“We are looking at how to provide allowances for the unemployed, and we are developing ways to boost the purchasing power of citizens with the Consumer Credit Scheme.

“If we remove the cash upfront element to buy a car or a house, we will reduce the propensity for fraud and corruption across the land.”

Tinubu warned those threatening Nigeria’s sovereignty that they would face a “heavy price.”

‘’I am irrevocably committed to the unity of Nigeria and constitutional democracy. Constitutional democracy is reflected greatly here since we assumed office. What we face now is the challenge of terrorism.

“Security of life and property is very necessary for development. I can tell you we are achieving success. We have degraded terrorism to a level that it cannot threaten the sovereignty of Nigeria any longer.

‘’Banditry and kidnapping will be defeated. And there is no payment of ransom whatsoever. We are taking the battle to them.

“We are getting results more rapidly than before. We are working hard on intelligence gathering. Those who think they can threaten the sovereignty of Nigeria will have themselves to blame. They have a price to pay. And we are not going to relent,” Tinubu also said.

The President thanked the delegation for their prayers and support, assuring them that he would not relent in his resolve to advance Nigeria.

‘’God bless Nigeria. God bless our unity; our diversity must bring prosperity for all for the sake of Nigeria.”

Earlier in his remarks, a former Secretary to the Government of the Federation and the monarch of Ilu Abo in Akure, Ondo State, Oba Olu Falae, commended the president for his courageous decisions and for the rehabilitation of the Third Mainland Bridge in Lagos, as well as other critical ongoing projects.

False, a one-time presidential candidate, urged the president not to relent in ensuring fairness and equity for all Nigerians, while also highlighting the importance of a constitutional amendment to devolve more powers to the states.

‘’We are delighted about what you are doing for our country, and we assure you of our continued support. We thank you for your visit to Akure in February 2024, and we believe it is right and proper to reciprocate your kind gesture. We appreciate this relationship, and we need to make it work in the interest of Nigeria.

‘’Mr. President, you are the leader of Nigeria now and the most important political figure in Africa. We expect you, in view of your legacy and pedigree, to lead our country with knowledge, courage, and integrity. We have no doubt that your tenure will mark a turning point in the history of our country. Under your leadership, Nigeria will be repositioned.

‘’We will stand by you as you make all efforts to change the Nigerian story for the better. Be assured, Afenifere will not abandon you in fair or foul weather.

“As long as you remain faithful to the principles of fairness, integrity, and courage that are expected of you as the leader of Nigeria, we will stand by you,’’ Falae said.

The delegation, led by nonagenarian Pa Reuben Fasoranti, the leader of Afenifere, included eminent citizens and three former governors — Olusegun Osoba (Ogun), Senator Gbenga Daniel (Ogun), and Olusegun Mimiko (Ondo).

Leave a comment

Related Articles

June 12: Ogun Gov. Abiodun pays homage to Abiola’s family, urges national perseverance

Governor Dapo Abiodun of Ogun State has urged Nigerians to remain committed...

Democracy Day: Give Nigerian workers living wage, group urges Tinubu

As Nigerians commemorate 25 years of unbroken democracy, a socio-political group, the...

Presidential aide shrugs off Tinubu’s slip at Eagles Square as minor mishap

President Bola Tinubu’s Special Adviser on Social Media, Mr. Dada Olusegun, has...

Pres. Tinubu lauds, acknowledges Nigerian media’s contributions to democracy

President Bola Ahmed Tinubu has acknowledged the significant contributions of the media...

Democracy Day: Tinubu promises swift action on minimum wage legislation, hails heroes, heroines of June 12

…pays glowing tributes to MKO Abiola, Kudirat Abiola, Yar’Adua, Rewane, and other...

Democracy Day: Pres.Tinubu to address Nigerians on Wednesday

President Bola Tinubu will deliver a special Democracy Day address to the...

Nigeria’s 25 years of democracy: Ex. Pres. Jonathan calls for inclusive democracy, national unity

Former President Goodluck Jonathan has urged Nigerians to adopt democratic practices that...

Court didn’t declare Amaewhule, 26 defected assemblymen PDP members, Rivers AG clarifies

The Rivers State Government has clarified that the State High Court did...

Just in: FG declares June 12 public holiday to commemorate Democracy Day

The Federal Government has declared Wednesday, June 12, a national holiday to...

Updated: Malawi VP’s plane found with no survivors, presidency says

The wreck of a plane carrying Malawi’s Vice-President has been found with...

Military aircraft with Malawi Vice President and nine others onboard goes missing

A military plane carrying Malawi’s Vice President Saulos Chilima and nine other...

Tinubu dismisses Arase, appoints Argungu as new Police Service Commission Chairman

President Bola Tinubu has sacked a former Inspector General of Police, Solomon...

Sports Minister consoles Doma United FC over the crash

“I extend my prayers and best wishes for a quick and full...

NLC rules out Tuesday strike, awaits Tinubu’s intervention

The President of the Nigeria Labour Congress (NLC), Joe Ajaero, says there...

Cross-border petrol smuggling: Nigeria loses billions of naira – Customs CG

The Comptroller General of the Nigeria Customs Service, Mr. Bashir Adewale Adeniyi,...

Just in: NPFL side Doma United’s bus in a ghastly road crash, no lives lost

The Nigeria Premier Football League (NPFL) side, Doma United, was involved in...

ECOWAS court rejects Dasuki’s application against Nigerian Government

The ECOWAS Court has rejected a request by former National Security Adviser,...

CBN dissolves boards of Union, Keystone, Polaris Banks

The Central Bank of Nigeria (CBN) has announced the dissolution of the...

Just in: Amaewhule, 26 other pro-Wike Rivers Assemblymen are still PDP members, court rules

In a fresh twist to the political crisis rocking Rivers State, a...

NNPC Ltd. disclaims report on alleged inflated subsidy claims, says it’s fake

The Nigerian National Petroleum Company Limited (NNPC Ltd) has debunked a report...