President Tinubu's latest address amidst #EndBadGovernance protests highlighted key reforms and initiatives. He expressed regret for the unrest, urged dialogue, and detailed progress in economic recovery, major projects, and new policies, including an increase in the National Minimum Wage and a suspension of tariffs on essential supplies.
In his recent address amid ongoing #EndBadGovernance protests, President Tinubu provided a comprehensive update on Nigeria's political and economic landscape. His speech addressed crucial issues, including the need for dialogue over violence, economic reforms, and new initiatives aimed at improving citizens' lives and stabilizing the economy.
- Expressed Regret: President Tinubu conveyed his sorrow over the loss of lives and damage resulting from recent unrest.
- Call for Peace: He urged an end to violence and recommended halting protests to facilitate dialogue.
- Challenging Reforms: Tinubu acknowledged the difficulties in eliminating fuel subsidies and multiple exchange rates but deemed these reforms necessary.
- Economic Progress: He reported advancements in economic recovery, including a doubling of revenues and a decrease in debt servicing from 97% to 68%.
- Major Infrastructure Projects: He highlighted the Lagos-Calabar Coastal Highway as a significant initiative for job creation and economic growth.
- Compressed Natural Gas Initiative: Introduced an initiative expected to save over two trillion Naira monthly by reducing transportation costs.
- Youth Programs Update: Provided updates on new programs for youth, including a student loan scheme, digital entrepreneurship, and technical training.
- New Minimum Wage Law: Announced an increase in the National Minimum Wage to N70,000 per month.
- Housing Plans: Discussed plans to construct 100,000 housing units within the next three years.
- Suspension of Tariffs: Announced a six-month suspension of tariffs on essential food and medical supplies to reduce prices.
