NEWS
Why I Removed Fuel Subsidy – Tinubu
President Bola Tinubu says the Federal Government decided to remove fuel subsidy and abolish multiple foreign exchange rates to grow the economy for national development.
The president said this while addressing the nation in a broadcast on Sunday on the ongoing nationwide protest.
He said that the Nigerian economy had remained anaemic for decades and taken a dip because of many misalignments that had stunted its growth.
“Just over a year ago, our dear country, Nigeria, reached a point where we couldn’t afford to continue the use of temporary solutions to solve long-term problems for the sake of now and our unborn generations,” he said.
He explained that he took the painful decision to remove fuel subsidies and abolish multiple foreign exchange systems that blocked the greed and the profits that smugglers and rent-seekers made.
Tinubu added that the action also blocked the undue subsidies the country had extended to neighbouring countries to the detriment of its people, rendering the economy prostrate.
“These decisions I made were necessary if we must reverse the decades of economic mismanagement that didn’t serve us well.
“Yes, I agree, the buck stops on my table. But I can assure you that I am focused fully on delivering the governance to the people – good governance for that matter,” the president said
He explained that in the past 14 months, his government had made significant strides in rebuilding the foundation of the economy to carry Nigerians into a future of plenty and abundance.
“On the fiscal side, aggregate government revenues have more than doubled, hitting over N9.1 trillion in the first half of 2024 compared to the first half of 2023.
“This was due to our efforts at blocking leakages, introducing automation, and mobilising funding creatively without additional burden on the people.
“Productivity is gradually increasing in the non-oil sector, reaching new levels and taking advantage of the opportunities in the current economic ambience,” the president stated.
He said that his government had in the last 13 months reduced revenue spent on debt servicing to 68 per cent as against 97 per cent previously.
“We have also cleared legitimate outstanding foreign exchange obligations of about 5 billion dollars without any adverse impact on our programmes.
“This has given us more financial freedom and the room to spend more money on you, our citizens, to fund essential social services like education and healthcare.
“It has also led to our state, and local governments receiving the highest allocations ever in our country’s history from the Federation Account,” Tinubu said.
The president said that his government had also embarked on major infrastructure projects across the country.
He said the government was working to complete inherited projects critical to the country’s economic prosperity, including roads, bridges, railways, power, and oil and gas developments.
“Notably, the Lagos-Calabar Coastal Highway and Sokoto-Badagry Highway projects will open up 16 connecting states, creating thousands of jobs and boosting economic output through trade, tourism and cultural integration.
“Our once-declining oil and gas industry is experiencing a resurgence on the back of the reforms I announced in May 2024 to address the gaps in the Petroleum Industry Act.
“Last month, we increased our oil production to 1.61 million barrels per day, and our gas assets are receiving the attention they deserve.
“Investors are coming back, and we have already seen two Foreign Direct Investments signed of over half a billion dollars since then,” said Tinubu.
The president said he met a country that was dependent solely on petrol and neglected its gas resources to power the economy.
He added the government was also using its hard-earned foreign exchange to pay for, and subsidise its use.
“To address this, we immediately launched our Compressed Natural Gas Initiative (CNG) to power our transportation economy and bring costs down.
“This will save more than N2 trillion a month, being used to import PMS and AGO and free up our resources for more investment in healthcare and education.
“To this end, we will be distributing a million kits of extremely low or no cost to commercial vehicles that transport people and goods and who currently consume 80 per cent of the imported PMS and AGO,” he said
The president said his government had started the distribution of conversion kits and setting up of conversion centres across the country in conjunction with the private sector.
Tinubu believed that the CNG initiative would reduce transportation costs by approximately 60 per cent and help to curb inflation.
He was emphatic that his administration had shown its commitment to the youth by setting up the student loan scheme.
“To date, N45.6 billion has already been processed for payment to students and their respective institutions.
“I encourage more of our vibrant youth population to take advantage of this opportunity,” said the president.
Tinubu also said his administration established the Consumer Credit Corporation with more than N200 billion to help Nigerians to acquire essential products without immediate cash payments, making life easier for millions of households.
This, he said, would consequently reduce corruption and eliminate cash and opaque transactions.
“This week, I ordered the release of an additional N50 billion each for NELFUND – the student loan, and Credit Corporation — from the proceeds of crime recovered by the EFCC.
“Additionally, we have secured 620 million dollars under the Digital and Creative Enterprises (IDiCE) – a programme to empower our young people, creating millions of IT and technical jobs that will make them globally competitive.
“These programmes include the 3 million Technical Talents scheme. Unfortunately, one of the digital centres was vandalised during the protests in Kano. What a shame!” he said.
In addition, Tinubu said the government had introduced the Skill-Up Artisans Programme (SUPA); the Nigerian Youth Academy (NIYA); and the National Youth Talent Export Programme (NATEP).
He also said more than N570 billion had been released to the 36 states to expand livelihood support to their citizens, while 600,000 nano-businesses had benefited from nano-grants.
He stated that an additional 400,000 nano-businesses were expected to benefit from the programme.
“Furthermore, 75,000 beneficiaries have been processed to receive our N1 million Micro and Small Business single-digit interest loans, starting this month.
“We have also built 10 MSME hubs within the past year, created 240,000 jobs through them and five more hubs are in progress, which will be ready by October this year,” he said.
According to Tinubu, payments of N1 billion each are also being made to large manufacturers under single-digit loans to boost manufacturing output and stimulate growth.
He said he signed the National Minimum Wage into law last week, and the lowest-earning workers would now earn at least N70,000 a month.
Tinubu said six months ago he inaugurated the first phase of his administration’s ambitious housing initiative, the Renewed Hope City and Estate in Karsana, Abuja.
“This project is the first of six we have planned across the nation’s geopolitical zones. Each of these cities will include a minimum of 1,000 housing units, with Karsana itself set to deliver 3,212 units.
“In addition to these city projects, we are also launching the Renewed Hope Estates in every state, each comprising 500 housing units.
“Our goal is to complete a total of 100,000 housing units over the next three years.
“This initiative is not only about providing homes but also about creating thousands of jobs across the nation as well as stimulating economic growth,” said the president.
He also stated that his administration was providing incentives to farmers to increase food production at affordable prices.
In line with this, he directed that tariffs and other import duties should be removed on rice, wheat, maize and sorghum.
Tinubu said drugs and other pharmaceutical and medical supplies were also included in the initiative for the next six months, in the first instance, to help drive down the prices.
“I have been meeting with our Governors and key Ministers to accelerate food production. We have distributed fertilisers. Our target is to cultivate more than 10 million hectares of land to grow what we eat.
“The Federal Government will provide all necessary incentives for this initiative, whilst the states provide the land, which will put millions of our people to work and further increase food production.
“In the past few months, we have also ordered mechanised farming equipment such as tractors and planters, worth billions of Naira from the United States, Belarus, and Brazil.
“I can confirm to you that the equipment is on the way,” he said.
The president urged Nigerians not to let anybody misinform and misinform them about the country or tell them that the government did not care about them.
Tinubu said although there had been many dashed hopes in the past, he assured Nigerians that they were in a new era of Renewed Hope.
“We are working hard for you, and the results will soon be visible and concrete for everyone to see, feel and enjoy.
“Let us work together to build a brighter future for ourselves and for generations to come.
“Let us choose hope over fear, unity over division, and progress over stagnation,” appealed the President.
He said the economy was recovering, and urged Nigerians not to shut out its oxygen.
“Now that we have been enjoying democratic governance for 25 years, do not let the enemies of democracy use you to promote an unconstitutional agenda that will set us back on our democratic journey.
“Forward ever, backward never!” said the president.
He charged security operatives to continue to maintain peace, law, and order following the necessary conventions on human rights, to which Nigeria is a signatory.
Tinubu said the safety and security of all Nigerians were paramount.(NAN)
NEWS
ONSA Begins First National Crisis Response Exercise Outside Abuja in Delta
By David Torough, Abuja
The Office of the National Security Adviser (ONSA) has commenced the 2026 Rapid Response 3 (RR3) Crisis Response Exercise in Asaba, Delta State, marking the first time Nigeria’s national multi-agency crisis simulation is being conducted outside the Federal Capital Territory (FCT).
The five-day exercise, which began on Monday, September 7, and is scheduled to end on Friday, September 11, brings together relevant Ministries, Departments and Agencies (MDAs), security and emergency response organisations, strategic partners and other stakeholders to test and strengthen the country’s preparedness for complex emergencies and security-related incidents.
The Federal Ministry of Information and National Orientation is among the key partners participating in the exercise.
Speaking at the opening ceremony in Asaba, Director of the Presidential Command and Control Centre, ONSA, and Director of the exercise, Rear Admiral Ayo-Vaughan, said RR3 was designed to evaluate existing crisis-response plans, strengthen inter-agency coordination and identify gaps requiring improvement.
According to him, Rapid Response 3 is the codename for the 2026 crisis-response exercise organised by ONSA and represents the seventh national crisis-response simulation conducted by the agency.
He noted that the previous six exercises were held in Abuja, while the decision to hold the 2026 edition in Delta State was intended to test national crisis-response arrangements in a sub-national environment.
The full-scale exercise will involve two simulated crisis scenarios conducted sequentially at the Asaba International Airport and along the Benin-Asaba Expressway.
Participants will operate under the Gold, Silver and Bronze command structure established by the National Crisis Management Doctrine, representing the strategic, operational and tactical levels of coordination.
The exercise will also assess communication and information-sharing systems, command and control arrangements, operational procedures and the ability of participating agencies to respond effectively to simulated emergencies.
The opening ceremony was attended by the Delta State Governor, Sheriff Oborevwori, represented by the Secretary to the State Government, Dr Kingsley Eze Emu, alongside senior government officials, security and emergency response commanders, heads of MDAs, strategic partners and members of the media.
ONSA assured residents that the exercise is a controlled simulation and does not represent an actual emergency or security incident.
The agency warned, however, that residents may witness increased movements of security personnel, vehicles and emergency response teams around designated areas during the exercise. It urged the public not to panic or mistake the activities for a real emergency.
Rear Admiral Ayo-Vaughan also called on the media to rely only on verified information in reporting the exercise and avoid spreading unconfirmed reports that could cause unnecessary public alarm.
He said the lessons and observations from the exercise would be documented and used to strengthen Nigeria’s national crisis-management architecture and improve future multi-agency responses to complex emergencies.
NEWS
Information Minister Backs NIPSS Plan to Unlock Nigeria’s Orange Economy Potential
By David Torough, Abuja
The Federal Government has pledged its support for the National Institute for Policy and Strategic Studies (NIPSS) to harness Nigeria’s Orange Economy as a driver of job creation, entrepreneurship, economic diversification and sustainable development.
The Minister of Information and National Orientation, Mohammed Idris, made the commitment on Tuesday in Abuja when the Director-General of NIPSS, Prof.
Ayo Omotayo, led a delegation from the institute on a courtesy visit.The meeting focused on the research being undertaken by participants of NIPSS Senior Executive Course 48 and plans for a National Summit and Exhibition on the Orange Economy.
Idris commended NIPSS for choosing the creative economy as the focus of its research, describing the sector as a significant opportunity to diversify Nigeria’s economy, create jobs for young people and promote sustainable prosperity.
“I want to commend NIPSS for this initiative of examining the Orange Economy and entrepreneurship for sustainable development,” the minister said.
He assured the delegation that the Ministry and its agencies would support both the research and the proposed summit. According to him, effective communication would be essential to ensuring that Nigerians and the international community understand the opportunities available in the creative economy.
“This Ministry is essentially about taking information to the public and taking it back from the public. It is a two-way thing,” Idris said.
The minister also highlighted the role of the National Orientation Agency (NOA), which has a nationwide presence, in gathering feedback on the views, needs and aspirations of Nigerians at the grassroots.
He said President Bola Ahmed Tinubu’s administration remained committed to listening to citizens and adjusting policies and programmes where necessary in the national interest.
“The first question the President asks whenever I sit with him is: ‘What are Nigerians saying?’” Idris said.
To strengthen coordination, the minister said the Ministry would designate an official to work with NIPSS as preparations for the proposed summit advance.
Earlier, Omotayo said NIPSS was seeking the Ministry’s partnership in its research and the planned national summit, which is expected to examine how the Orange Economy can contribute to Nigeria’s economic transformation and the administration’s ambition of building a trillion-dollar economy.
He said participants in Senior Executive Course 48 had conducted research visits across Nigeria and to several countries to examine how creative industries are being developed and leveraged for economic growth.
The proposed summit, he added, would bring together government representatives, creatives, entrepreneurs, investors and other stakeholders to explore opportunities across the sector.
“The Orange Economy is a very huge sector. We have identified about 48 subdivisions, and we believe the summit will bring out the potentials in every sector,” Omotayo said.
According to the NIPSS Director-General, Nigeria’s growing creative and digital industries have considerable potential to tackle youth unemployment while creating new avenues for entrepreneurship, investment and wealth creation.
Idris reaffirmed the Ministry’s commitment to working with NIPSS and other strategic institutions to turn research and policy ideas into practical opportunities for Nigerians, particularly young people, while strengthening the country’s position in the global creative economy.
The meeting was attended by senior government officials and representatives of NIPSS and the private sector, including Permanent Secretary of the Federal Ministry of Information and National Orientation, Dr. Binyerem C. Ukaire; former Minister of Information and Culture, Alhaji Lai Mohammed; and other officials.
NEWS
Akpodo Community Appreciates Lydia Memorial Hospital for Medical Outreach, Seeks Road Intervention
By David Torough, Abuja
The Akpodo Community has paid a thank-you visit to the management and staff of Lydia Memorial Hospital, Ugbokolo, in appreciation of a recent medical outreach organised to provide healthcare services to residents of the community.
The delegation, led by the Community Chief, His Royal Highness Chief Mark Baron Onah, also expressed appreciation to the Linda Moro Memorial Foundation and other partners and individuals who supported the outreach.
Speaking during the visit, Chief Onah commended Lydia Memorial Hospital for bringing medical services to the community despite the difficult road conditions.
He described the outreach as a significant humanitarian intervention, particularly at a time when many families are facing economic hardship.
“What baffles me most was that, even when there was no way to our community, you created a way where there was no way, and made sure my people benefited from the outreach,” the traditional ruler said.
Chief Onah said the initiative went beyond healthcare delivery, describing it as a demonstration of compassion, solidarity and concern for the wellbeing of people in underserved communities.
He called on other organisations, philanthropists and well-meaning individuals to emulate Lydia Memorial Hospital by supporting initiatives aimed at improving access to essential services in rural communities.
The community’s Woman Leader, Mrs Kate Onah, also expressed gratitude to the hospital and the Linda Moro Memorial Foundation for what she described as a memorable and impactful outreach.
She commended the organisations for combining healthcare delivery with community empowerment and bringing professional medical attention closer to residents who often face difficulties accessing healthcare.
Responding on behalf of the hospital’s nursing department, the Head of Nursing Department, ACNO Samuel Ajuma, thanked the delegation for returning to the hospital to formally express its appreciation.
Ajuma said the visit demonstrated the community’s acceptance of the outreach and recognition of the efforts of the hospital and foundation.
He added that the initiative was also aimed at strengthening relationships between healthcare providers and the communities they serve.
The Medical Director of Lydia Memorial Hospital, Dr Mark A. C. Ogbodo, used the occasion to draw attention to the poor condition of roads linking Akpodo with neighbouring communities and major markets.
Ogbodo said the deplorable roads were hindering the community’s social and economic development, particularly affecting farmers who rely on the routes to transport agricultural produce to markets.
He appealed to the local, state and federal governments, as well as philanthropists, corporate organisations and other stakeholders, to urgently intervene by grading and improving the roads.
According to him, better roads would improve access to healthcare and other essential services while also helping farmers transport their produce to markets, increase household incomes and strengthen the local economy.
The Linda Moro Memorial Foundation reaffirmed its commitment to humanitarian service, saying the medical outreach and community empowerment initiatives were inspired by the desire to make a meaningful difference in the lives of vulnerable people.
The foundation said its activities were also intended to preserve the legacy of its late matriarch, Mrs Linda Moro, whose memory continues to inspire acts of compassion, service and community development.
The visit ended with both Akpodo Community and the hospital reaffirming their commitment to sustaining their relationship and exploring further opportunities to improve the wellbeing of people in rural and underserved communities.


