President Bola Ahmed Tinubu’s assumption of office on May 29, 2023 came at a critical juncture in Nigeria’s history, characterised by a multi
tude of challenges. His bold inaugural declaration, “Subsidy is gone,” heralded a significant departure from previous policies, signalling a pivotal shift in the nation’s economic strategy. Determined to confront these challenges head-on, Tinubu’s…tude of challenges. His bold inaugural declaration, “Subsidy is gone,” heralded a significant departure from previous policies, signalling a pivotal shift in the nation’s economic strategy.
As Nigerians adapt to these transformative changes, the Tinubu’s administration remains committed to instilling hope and ensuring the country’s advancement on the global stage. With a vision centred on the concept of “Renewed Hope,” Tinubu campaigned on a platform dedicated to addressing the nation’s economic challenges, enhancing security, and improving governance.
At inception, President Tinubu’s administration placed significant emphasis on economic reform and development, implementing various initiatives over the past year to stimulate growth and stabilise the financial environment. One of the most notable actions was the removal of fuel subsidies at the beginning of his tenure, aimed at reducing government expenditure and reallocating funds to critical sectors like infrastructure and social services.
Furthermore, President Tinubu’s administration has prioritised infrastructure development, particularly in the transportation and energy sectors. Projects such as road network expansion, airport modernisation, and improvements to the national power grid have been undertaken to ensure a more reliable electricity supply and enhance connectivity across the country.
On the diversification of the economy, the government is setting its focus away from oil, by boosting businesses and industries. Recently, the management of the Chinese giant, CCECC, was in the State House and discussed venturing into Lithium extraction and production. There is a Lithium factory in Nasarawa State at the moment. Also, the government is looking into other sources of income to boost the economic growth of the nation.
On education, as promised, President Tinubu has facilitated strategies to improve the standard of our educational institutions. There is an ongoing school census for primary and secondary education, to know the state of the facilities. The much-anticipated Student Loan Scheme is alive to help students get tuition as a loan and repay after graduation.
Moreover, Tinubu’s administration has demonstrated a keen awareness of the interconnected nature of global challenges and opportunities. By actively engaging with the international community on issues ranging from climate change to trade, Nigeria, under his leadership, is positioning itself as a responsible global actor and seeking to leverage its influence for the benefit of its citizens.
In a bid to ease tax burden on residents, Lagos State government has assured stakeholders in the tourism sector that the administration of
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