Nigeria Idependence day speech was delivered by President Bola Tinubu, which marks his second nationwide broadcast since his inauguration on Sunday.
Tinubu, in the broadcast, reinstated his pledge to “reshape and modernise our economy and to secure the lives, liberty, and property of the people”.
Here are some additional salient points from Tinubu’s speech.
1. Since the government’s painful changes (such as the elimination of subsidies and the unification of foreign exchange) are only temporary, everyone must put up with them.
2. The government is making every effort to lighten the load via:
3. The implementation of a N25,000 temporary wage increase for the following six months for “average low-grade” employees.
4. The establishment of funds by the states to offer aid packages to mitigate the effects of rising food prices and other price increases.
5. New compressed natural gas conversion kits are anticipated to arrive soon to reduce transport costs, and the government is also establishing training centres for transport companies across the nation.
6. The Central Bank of Nigeria’s new leadership will implement monetary policy that is beneficial to all, even though the special investigator appointed to look into the bank under the previous leadership will shortly present his or her findings.
7. The tax reform initiative will eliminate barriers to the nation’s economic growth and increase the effectiveness of tax administration.
8. The government is boosting its investment in MSMEs to combat unemployment and poverty. In addition, the enhanced social safety net will include 15 million households that are vulnerable.
9. The security of the populace will be prioritised.
10. The service chiefs have been tasked with rebuilding the capacity of the nation’s security services while the military will be outfitted to work properly.