Nigeria's independent online newspaper
President Bola Tinubu addressed Nigerians on the #EndBadGovernance protest in a televised speech on Sunday.
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.
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. 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.
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.
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.
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.
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.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Full text on President Bola Tinubu’s speech on protestsI speak to you today with a heavy heart and a sense of responsibility, aware of the turmoil and violent protests unleashed
Read more »
Nigeria’s economy on path of recovery, I’m not afraid of protestsPresident Tinubu said his administration will do more to meet the needs of Nigerians.
Read more »
Tinubu’s economic team assures Nigerians of quick economic recoveryThe Nation Newspaper Tinubu’s economic team assures Nigerians of quick economic recovery
Read more »
Why Nigerians should be patient with Tinubu’s administration, by Oba of LagosThe Nation Newspaper Why Nigerians should be patient with Tinubu’s administration, by Oba of Lagos
Read more »
Be accountable to Nigerians, don’t betray their trust, Tinubu tells public servantsThe Nation Newspaper Be accountable to Nigerians, don't betray their trust, Tinubu tells public servants
Read more »
PDP: Tinubu's silence on ongoing protest worrisome — he must address NigeriansThe PDP has asked President Bola Tinubu to immediately address Nigerians amid the ongoing nationwide protest.
Read more »