General News
TEXT OF NATIONAL BROADCAST BY PRESIDENT BOLA AHMED TINUBU ON THE 64TH INDEPENDENCE ANNIVERSARY OF THE FEDERAL REPUBLIC OF NIGERIA OCTOBER 1, 2024
Fellow Nigerians, as I address you today, I am deeply aware of the struggles many of you face in these challenging times. Our administration knows that many of you struggle with rising living costs and the search for meaningful employment. I want to assure you that your voices are heard.
As your President, I assure you that we are committed to finding sustainable solutions to alleviate the suffering of our citizens. Once again, I plead for your patience as the reforms we are implementing show positive signs, and we are beginning to see light at the end of the tunnel.
Exactly 64 years ago, our founding fathers chose democracy as a form of government and launched the dream of a great country that would lead the rest of Africa out of poverty, ignorance, and underdevelopment, a beacon of hope to the rest of Africa and the world.
Over six decades later, we can look back, and Nigerians worldwide can see how well we have succeeded in realising the lofty dreams of our founding fathers.
The world is witnessing and benefiting from the can-do spirit of the Nigerian people, our massive intellectual capacity, and our enterprise and industry in all vocations, from arts to science, technology to infrastructure. The dreams that our founding fathers envisaged are still a work in progress. Every day, we put our hands on the plough, determined to do a better job of it.
While it is tempting to focus on what has been left undone and where we have stumbled as a nation, we must never lose sight of how far we have come in forging and holding our country together.
Since independence, our nation has survived many crises and upheavals that led to the dissolution and disintegration of many other nations worldwide. Six years after independence, our country descended into a political crisis that led to a bitter and avoidable civil war. Since returning from the brink of that darkest moment, we have learned to embrace our diversity and manage our differences better as we continue to work towards engendering a more perfect union.
Despite the many challenges that buffeted our country, we remain a strong, united, and viable sovereign nation.
Dear compatriots, our independence anniversary gives us another chance to reflect on how far we have gone in our journey to nation-building and to renew our commitment to building a better nation that will serve present and future generations of Nigerians.
While we celebrate the progress we have made as a people in the last sixty-four years, we must also recognise some of our missed opportunities and mistakes of the past. If we are to become one of the greatest nations on earth, as God has destined us to be, our mistakes must not be allowed to follow us into the future.
My administration took over the leadership of our country 16 months ago at a critical juncture. The economy faced many headwinds, and our physical security was highly impaired. We found ourselves at a dizzying crossroads, where we must choose between two paths: reform for progress and prosperity or carry on business-as-usual and collapse. We decided to reform our political economy and defence architecture.
On the security front, I am happy to announce to you, my compatriots, that our administration is winning the war on terror and banditry. Our target is to eliminate all the threats of Boko Haram, banditry, kidnapping for ransom, and the scourge of all forms of violent extremism. Within one year, our government has eliminated Boko Haram and bandit commanders faster than ever. As of the last count, over 300 Boko Haram and bandit commanders have been eliminated by our gallant troops in the Northeast, Northwest, and some other parts of the country.
We have restored peace to hundreds of communities in the North, and thousands of our people have been able to return home. It is an unfinished business, which our security agencies are committed to ending as quickly as possible. As soon as we can restore peace to many communities in the troubled parts of the North, our farmers can return to their farms. We expect to see a leap in food production and a downward spiral in food costs. I promise you, we shall not falter on this.
Our government has been responding to the recent natural disasters, particularly the flooding in parts of the country. After Vice President Kashim Shettima visited Maiduguri, I also visited to assure our people that this federal government will always stand with our people in their times of trouble. At the last meeting of the Federal Executive Council, we approved a Disaster Relief Fund to mobilise private and public sector funds to help us respond faster to emergencies.
Our government has also ordered integrity tests of all our dams in the country to avert future disasters.
The economy is undergoing the necessary reforms and retooling to serve us better and more sustainably. If we do not correct the fiscal misalignments that led to the current economic downturn, our country will face an uncertain future and the peril of unimaginable consequences.
Thanks to the reforms, our country attracted foreign direct investments worth more than $30 billion in the last year.
Fellow compatriots, our administration is committed to free enterprise, free entry, and free exit in investments while maintaining the sanctity and efficacy of our regulatory processes. This principle guides the divestment transactions in our upstream petroleum sector, where we are committed to changing the fortune positively. As such, the ExxonMobil Seplat divestment will receive ministerial approval in a matter of days, having been concluded by the regulator, NUPRC, in line with the Petroleum Industry Act, PIA. This was done in the same manner as other qualified divestments approved in the sector.
The move will create vibrancy and increase oil and gas production, positively impacting our economy.
The more disciplined approach adopted by the Central Bank to monetary policy management has ensured stability and predictability in our foreign exchange market. We inherited a reserve of over $33 billion 16 months ago. Since then, we have paid back the inherited forex backlog of $7 billion. We have cleared the ways and means debt of over N30 trillion. We have reduced the debt service ratio from 97 per cent to 68 per cent. Despite all these, we have managed to keep our foreign reserve at $37 billion. We continue to meet all our obligations and pay our bills.
We are moving ahead with our fiscal policy reforms. To stimulate our productive capacity and create more jobs and prosperity, the Federal Executive Council approved the Economic Stabilisation Bills, which will now be transmitted to the National Assembly. These transformative bills will make our business environment more friendly, stimulate investment and reduce the tax burden on businesses and workers once they are passed into law.
As part of our efforts to re-engineer our political economy, we are resolute in our determination to implement the Supreme Court judgment on the financial autonomy of local governments.
The central concern of our people today is the high cost of living, especially food costs. This concern is shared by many around the globe as prices and the cost of living continue to rise worldwide.
My fellow Nigerians, be assured that we are implementing many measures to reduce the cost of living here at home.
I commend the Governors particularly, in Kebbi, Niger, Jigawa, Kwara, Nasarawa, and the Southwest Governors that have embraced our agricultural production programme. I urge other states to join the Federal Government in investing in mechanised farming. We are playing our part by supplying fertilizer and making tractors and other farm equipment available. Last week, the Federal Executive Council approved establishing a local assembly plant for 2000 John Deere tractors, combine harvesters, disc riders, bottom ploughs and other farm equipment. The plant has a completion time of six months.
Our energy transition programme is on course. We are expanding the adoption of the Presidential Initiative on Compressed Natural Gas for mass transit with private sector players. The Federal Government is ready to assist the thirty-six States and FCT in acquiring CNG buses for cheaper public transportation.
Fellow Nigerians, while we are working to stabilise the economy and secure the country, we also seek to foster national unity and build social harmony and cohesion. Our economy can only thrive when there is peace.
As we work to overcome the challenges of the day, we remain mindful of the next generation as we seek to galvanize their creative energy towards a better future. We lead today with the future we wish to bequeath to our children in focus, recognizing that we cannot design a future that belongs to them without making them its architects.
Considering this, I am pleased to announce the gathering of a National Youth Conference. This conference will be a platform to address the diverse challenges and opportunities confronting our young people, who constitute more than 60 per cent of our population. It will provoke meaningful dialogue and empower our young people to participate actively in nation-building. By ensuring that their voices are heard in shaping the policies that impact their lives, we are creating a pathway for a brighter tomorrow.
The 30-day Confab will unite young people nationwide to collaboratively develop solutions to issues such as education, employment, innovation, security, and social justice. The modalities of this Confab and selection of delegates will be designed in close consultation with our young people through their representatives. Through this confab, it will be our job as leaders to ensure that their aspirations are at the heart of the conference’s deliberations. The government will thoroughly consider and implement the recommendations and outcomes from this forum as we remain resolute in our mission to build a more inclusive, prosperous, and united Nigeria.
Our government is implementing several other youth-centric programmes to give our young people an advantage in the rapidly changing world. We are implementing, amongst others, the 3 million Technical Talents programme (3MTT) of the Ministry of Communications, Innovation and Digital Economy, aimed at building Nigeria’s technical talent backbone.
We have also enthusiastically implemented the Nigerian Education Loan Fund (NELFUND), which provides cheap loans to our students to pursue their tertiary educational dreams. In addition, later this month, we shall launch The Renewed Hope Labour Employment and Empowerment Programme (LEEP). It is conceived as a comprehensive suite of interventions at job creation by the Federal Ministry of Labour and Employment that is aimed at facilitating the creation of 2.5 million jobs, directly and indirectly, on an annual incremental basis whilst simultaneously ensuring the welfare and safety of workers across the country.
As is the tradition, the government will soon announce all the beneficiaries of our national honours for 2024.
The Senate President and the Chief Justice of the Federation have been conferred with the honour of the Grand Commander of the Order of the Niger (GCON). The deputy Senate President and Speaker of the House of Representatives have the honour of Commander of the Order of the Federal Republic (CFR), while the deputy speaker of the House has been awarded Commander of the Order of Niger (CON).
Fellow Nigerians, better days are ahead of us. The challenges of the moment must always make us believe in ourselves. We are Nigerians—resilient and tenacious. We always prevail and rise above our circumstances.
I urge you to believe in our nation’s promise. The road ahead may be challenging, but we will forge a path toward a brighter future with your support. Together, we will cultivate a Nigeria that reflects the aspirations of all its citizens, a nation that resonates with pride, dignity, and shared success.
As agents of change, we can shape our destiny and build a brighter future by ourselves, for ourselves and for future generations.
Please join our administration in this journey towards a brighter future. Let us work together to build a greater Nigeria where every citizen can access opportunities and every child can grow up with hope and promise.
May God continue to bless our nation and keep members of our armed forces safe.
Happy Independence anniversary, my fellow Nigerians!
President Bola Ahmed Tinubu
General News
Insecurity: APC Govs meet in Lagos, resolve to forestall banditry attacks
Apparently disturbed by the ravaging attacks of bandits in some parts of the country, Progressive Governors’ Forum have resolved to strengthen local security towards preventing possible attacks that could truncate the development in their states.
The governors stated that strengthening community-based security initiatives and better intelligence gathering from the grassroots were identified as major antidote to gunmen attacks across the country.
The communique issued by the governors on Saturday after a two-day meeting in Lagos where security, economy, and social welfare issues were reviewed with the aim to address hurdles that may affect growth and development in the country.
The communique was read by the chairman of the Forum, Governor Hope Nzodimma of Imo State.
Governors in attendance attendance included: Kebbi, Dr. Nasir Idris, Edo, Senator Monday Okpebholo, Ogun, Dapo Abiodun, Ekiti, Biodun Oyebanji, Ondo, Lucky Aiyedatiwa, Sokoto, Ahmad Aliyu, Akwa-Ibom, Pastor Umo Eno, Delta, Sheriff Oborevwori, Enugu, Peter Mbah, Kaduna, Uba Sani and Katsina, Dikko Umar.
The host Governor, Mr Babajide Sanwo-Olu said, “The engagement provided an opportunity to review the nation’s current trajectory, deepen coordination among progressive governors, and reaffirm the Forum’s unwavering support for the Renewed Hope agenda of His Excellency President Bola Ahmed Tinubu GCFR.
According to the governors on platform of the All Progressives Congress (APC), the decision to embark on strengthening local security architecture was taking after a review of the security situation across the country particularly as it affects each states.
The Forum reviewed the security situation across the country and expressed appreciation for the improved coordination between federal, state and local security structures, as well as the courage and sacrifices of security agencies and community volunteers.
The Forum commended the President for the ongoing re-engineering in the security architecture of the country.
Governors reiterated that safety of lives and property remains a non-negotiable obligation of government.
The PGF resolved to continue strengthening community-based security initiatives, intelligence gathering, conflict-prevention mechanisms and support for victims of violence and disaster.
The Forum underscored the importance of social cohesion, inter-faith harmony and inter-ethnic understanding, and urged all leaders to use their voices and platforms to promote unity, moderation and respect, while isolating criminality and hate speech in all its forms.
“The meeting served as an important platform for aligning state-level priorities with national reforms, reinforcing the centrality of citizens, citizens’ welfare in governance, and consolidating the Forum’s shared vision of people focused and development-driven leadership at all levels of government.
“The Forum undertook a broad review of the political, economic, and social environment in the country.
“Governors reaffirmed that the ultimate purpose of every reform must be to improve the lives of Nigerians, protect their dignity, and expand opportunities for all, rural and urban, youth and elderly, women and men, workers, entrepreneurs, and vulnerable groups alike.
“The Forum noted ongoing efforts at food security, power sector improvement, transport and infrastructure upgrades, social investment, and support for productive enterprises, and pledged to align state policies to maximise the benefits of these reforms for citizens in every ward and in our communities.
The Progressive Governors Forum resolved to intensify state-level interventions in areas such as food production and distribution, support to small and medium-scale enterprises, youth employment, social protection for the poorest and most vulnerable, and targeted relief for workers and low-income households.
“We, the Progressive Governors, are committed to working closely with federal institutions, the National Economic Council and local governments to ensure that things keep improving, that no group is left behind, and that the gains of reforms continue to translate into visible improvement in the quality of life of the people.”
General News
Ministers, NDDC boss bag ‘Excellence in Public Service’ award
By Magnus Chukwudi, Port Harcourt
The Managing Director of the Niger Delta Development Commission, NDDC, Dr Samuel Ogbuku, has been conferred with the Business Day Excellence in Public Service Award, alongside the Minister of Information and National Orientation, Alhaji Mohammed Idris, and seven other Ministers.
The award was presented to Ogbuku by the Minister of Foreign Affairs, Ambassador Yusuf Tuggar, during the 2025 BusinessDay Public Service Lecture and Excellence Awards in Abuja.
Speaking during the ceremony, the NDDC Chief Executive Officer expressed joy over the award and remarked that it showed that Nigerians appreciated the work the NDDC was doing in Nigeria’s oil-rich region.
Ogbuku stated: “It is a recognition of our hard work all through the year. We thank God for the opportunity of service, and we thank President Bola Ahmed Tinubu for giving us the platform to showcase our ingenuity. He put together a team that has transformed the administration and development of the Niger Delta region.
“We also thank the Minister of Regional Development, Engr. Abubakar Momoh, who has provided us with technical and administrative support. This honour calls on us to do more and reminds us that next year we must redouble our efforts and do better.
“We will not rest on our oars until we satisfy the yearnings of the people of the Niger Delta region and take development to the nooks and crannies of the region as part of the Renewed Hope Agenda of President Tinubu’s administration.”
In his remarks, the Minister of Information and National Orientation, Mohammed Idris, acknowledged the recognition of his ministry’s collective efforts to rebuild public trust and enhance Nigeria’s information ecosystem under the current administration.
“Over the past 2 years, we have focused on redefining Nigeria’s national communication architecture to promote transparency, professionalism, and citizen-centred governance. We have revitalised the national orientation framework, strengthened government-to-citizen communication, and advanced reforms that promote media responsibility, ethical standards, and public accountability.
“The Ministry remains committed to building a more informed, united, and values-driven society. We will continue to strengthen public communication channels and deepen the reforms necessary for a healthier, more transparent information space.”
Giving his impressions on the award to the NDDC Managing Director, the Executive Director, Finance and Administration, Alabo Boma Iyaye, said that the honour would energise the Commission to do more.
He said the award has validated the contributions of the NDDC in driving sustainable development in the Niger Delta. “This recognition and acknowledgement will encourage us to continue contributing to the development of our region and the nation.”
Also speaking, the NDDC Executive Director, Corporate Services, Hon. Ifedayo Abegunde, described the award as a significant recognition for the NDDC. He thanked the BusinessDay newspaper and noted that the NDDC would continue to give back to the communities in the Niger Delta region.
Earlier, in his welcome address, the Publisher of Business Day, Mr Frank Aigbogun, said that the BusinessDay awards were meant to honour functionaries in strategic government positions who demonstrate exceptional performance and leadership.
He noted: “The BusinessDay Public Lecture and Award Series is a veritable platform for thought leaders, policymakers, and business experts to discuss the most pressing issues facing Nigeria’s economy and proffer implementable solutions.”
Aigbogun, represented by the Editor of BusinessDay, Mr. Lolade Akinmurele, said that public service must be more than doing a job efficiently and honestly. “It must be a complete dedication to the people and to the nation.”
” There is no doubt that this year’s Public Service lecture and award, with the theme: Shaping Nigeria’s Economic Future: Navigating Challenges, Unlocking Opportunities”, is very apt, given the current critical challenges the country faces. ###.
General News
FortLugard University berthed in Abuja, Senate Building, Computer Science Faculty’s works begin
By Abdul-Ganiyy Akanbi
The efforts of the federal government in the educational advancement of the country has received a major boost with the establishment of a new University known as FortLugard University in the Apo District of the Federal Capital Territory, FCT in Abuja.
To ensure full actualization of institution, the foundation stone laying ceremony for the Senate Building and the Faculty of Computer Sciences of the proposed university was performed on Friday at the permanent site in Apo, Abuja.
Former Chief Justice of Nigeria CJN, Justice Walter Samuel Nkanu Onnoghe laid foundation stone for the expansive Senate Building while the Minister of Special Duties and Inter Government Affairs, Honourable Zephaniah Bitrus Jisalo laid foundation for the Faculty of Computer Sciences Building.
Justice Onnoghe in his brief remarks commended the founder and Chancellor of the university, Elder Ogwu James Onoja, a Senior Advocate of Nigeria, SAN for his foresight and courage in venturing into promotion of education in the country.
He said that a country without well educated, vibrant and properly brought up youths through education is doomed.
Special Duties Minister, Jisalo thanked the university founder for establishing it at the FCT adding that apart from creating massive employment, the youths in the territory would have more access to quality education through the university.
He appealed to the host community to jealousy guide and protect the University and its workers because of massive derivable benefits.
Earlier in his speech, the founder and Chancellor of the university, Dr Ogwu James Onoja had said that occasion was not merely a ceremonial gathering but a convergence of vision, faith, and purpose.
He said that it was a day that symbolizes progress and announces steady movement towards establishing a world-class university that wilt redefine excellence in higher education in Nigeria and Africa.
According to him, ‘We began activities on the proposed FortLugard University site with road construction, fencing and excavation.
“Just a few days ago, we laid the foundation of the Ukala School of Engineering and Technology (USET), another major pillar of this great institution, with the foundation stone laid by Emmanuel Ukala, SAN.
‘That landmark event marked the beginning of the physical realization of a long-held dream of Engineering and Innovation.
“Today, we continue that journey. We are not waiting for tomorrow. We are building consistently, deliberately, and strategically, brick by brick, vision by vision.
“FortLugard University is conceived as a transformational institution that goes beyond the traditional boundaries of teaching and learning. It is designed to be an intellectual powerhouse that will produce graduates with the character, competence, and creativity to influence society positively.
“Our vision is to build a world-class university that stands as a beacon of academic excellence, moral integrity, technological Innovation, and global competitiveness; an institution where knowledge is not only acquired but created, applied, and used to advance human progress.
“Our mission captures the heart of our commitment: to deliver cutting-edge academic programmes grounded in values, discipline, and world-class standards; to nurture leaders and professionals equipped with deep intellectual capacity, innovative thinking, and strong ethical values.
“To promote research, creativity, and industry-driven learning that will address local and global challenges; to create an enabling environment where technology, modern infrastructure, and global partnerships drive learning and discovery; to build a campus that Is serene, safe, sustainable, and designed with the future in mind.
“We are not merely constructing buildings, we are constructing destinies. We are raising an institution that will shape the next generation of thinkers, inventors, policy leaders, social reformers, and nation-builders.
“The Senate Building we break ground for today will become the heart of academic governance. It will house the intellectual and administrative and leadership that ensures academic integrity, quality assurance, curriculum development and policy direction.
“Without a credible Senate, no institution can claim the status of a university. This structure will therefore stand as the symbol of academic honour and institutional stability.
“The Foundation Stone of the Senate Building which represents the heart and soul of this institution will upon completion be named after Justice Walter Onnoghe.
“The Faculty of Computer Sciences represents the future of education. The world is advancing rapidly through artificial intelligence, data science, cyber security, software engineering, cloud computing, and digital transformation.
“Nations today are powered not by natural resources alone, but by knowledge, innovation, and technological capacity. This Faculty will become a Centre of Excellence where young minds are trained to innovate, create, and compete globally.
“This university is a monumental undertaking. To achieve a truly world-class institution, we need continued support from government, private sector partners, philanthropists, development agencies, and individuals of goodwill.
“We invite everyone who shares our dream to join hands with us. Let us build a university that will stand as a legacy for generations, an institution that offers opportunities, transforms lives, and advances the progress of our nation.
“Today we plant seeds that will grow into a forest of possibilities. Today, we declare to the world that the proposed FortLugard University is rising strong, bold, and by God’s grace will be world-class”, the Chancellor assured.
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