Nigeria’s President Bola Tinubu on Monday night delivered his first media chat since his emergence as the country’s president. Below are some of the critical areas he touched.
1. On Stampede Incidents
President Bola Ahmed Tinubu extended his condolences to families affected by recent stampede incidents during charity events. He called for responsible philanthropy to prevent such tragedies.
“My condolences go to those who lost loved ones. Giving is good, but it must be done responsibly,” Tinubu said.
“I’ve been distributing food and commodities in Bourdillon. If you cannot afford to give enough, don’t attempt or publicize it.”
2. Progress in National Security
The President expressed optimism about Nigeria’s improving security situation, citing reduced violence in previously volatile regions.
“Today, I have confidence in my security architecture,” he stated. “For two decades, we witnessed wanton killings. I recall pausing my campaign to visit Maiduguri, Katsina, Kaduna, and Kogi. Now, roads that were once impassable are safe for travel.”
3. Fuel Subsidy Removal and Forex Harmonization
Tinubu defended his administration’s removal of the fuel subsidy and harmonization of foreign exchange rates, describing them as vital steps toward economic recovery.
“We were spending our future, our generation’s fortune,” he said. “These measures were necessary despite the initial shocks, as we needed to stop deceiving ourselves and start investing in our future.”
4. Tax Reforms for a Modern Economy
The President reaffirmed his commitment to overhauling Nigeria’s tax system to reduce reliance on oil revenues and foster growth.
“Tax reform is here to stay,” Tinubu declared. “We cannot continue to do what we did yesterday in today’s economy. An efficient tax system is critical for sustainable development.”
5. A Call for Patience Amid Reforms
Acknowledging the challenges posed by recent reforms, Tinubu urged Nigerians to remain steadfast, assuring them of long-term benefits.
“Reforms come with temporary hardships, but conviction in their positive impacts is essential,” he said. “The road to a new dawn requires shared dedication.”
6. Confidence in Cabinet Performance
The President dismissed calls to downsize or investigate his cabinet, expressing satisfaction with their performance.
“Give them credit for what they are achieving,” Tinubu stated. “I am proud of their work and progress.”
7. Focus on Long-Term Development
Tinubu emphasized the importance of building a sustainable future for Nigeria.
“I will not preside over a nation that consumes its future today,” he said. “Our programs must create a lasting foundation for progress.”
8. Local Production and Market Dynamics
Advocating for increased local production, Tinubu rejected price control mechanisms as a solution to inflation.
“I don’t believe in price control,” he said. “The answer lies in overwhelming the market with supply to make hoarding unfeasible.”
He also highlighted investments in modern agricultural equipment and enhanced security to support farmers in boosting food production.
9. 2025 Budget as a Pathway to Restoration
Describing the 2025 appropriation bill as a “budget of restoration and hope,” Tinubu reassured Nigerians that the country is on a recovery path.
“Our ongoing reforms are critical for progress. Let us embrace them with ho
pe for a brighter future,” he said.
