President Bola Ahmed Tinubu on Sunday morning, delivered the traditional October 1 Independence Day Anniversary address to commemorate Nigeria at 63.
Here we have outlined six important takeaways from the full address. Read them below.
1. Tinubu Reminds Nigerians of Inauguration Day Promises
President Tinubu in his independence Day address reminded Nigerians of the promises he made which he still hopes to keep. He said,
“At my inauguration, I made important promises about how I would govern this great nation. Among those promises, were pledges to reshape and modernize our economy and to secure the lives, liberty and property of the people.
2. Tinubu wants Nigerians to endure the hardships caused by fuel subsidy
In President Tinubu’s Independence Day address, he didn’t forget to mention the fuel subsidy and the hardship it has brought upon Nigerians. However, he said we must endure it.
“I announced the end of the fuel subsidy.
I am attuned to the hardships that have come. I have a heart that feels and eyes that see. I wish to explain to you why we must endure this trying moment. Those who sought to perpetuate the fuel subsidy and broken foreign exchange policies are people who would build their family mansion in the middle of a swamp. I am different. I am not a man to erect our national home on a foundation of mud. To endure, our home must be constructed on safe and pleasant ground.”
3. Tinubu Announced N25,000 additional pay for least paid workers
The president in his address announced the introduction of a provisional 25,000 wage increment for least paid workers. In his words,
“Based on our talks with labour, business and other stakeholders, we are introducing a provisional wage increment to enhance the federal minimum wage without causing undue inflation. For the next six months, the average low-grade worker shall receive an additional Twenty-Five Thousand naira per month.
4. FG to Provide Relief Fund for States
President Tinubu has revealed that the federal government has already given states fund to provide relief packages for citizens. He added that FG will provide support fund to help state fund critical infrastructure.
“To ensure better grassroots development, we set up an Infrastructure Support Fund for states to invest in critical areas. States have already received funds to provide relief packages against the impact of rising food and other prices.”
5. FG to Provide Cheap Transport system with Compressed Natural Gas (CNG) buses
The President revealed the plans of the federal government to float a cheap transport system. He stated, “Making the economy more robust by lowering transport costs will be key. In this regard, we have opened a new chapter in public transportation through the deployment of cheaper, safer Compressed Natural Gas (CNG) buses across the nation. These buses will operate at a fraction of current fuel prices, positively affecting transport fares.”
FG to Give cash support to 15 million vulnerable households
The president also said that 15 million households will receive cash support from this October.
“Commencing this month, the social safety net is being extended through the expansion of cash transfer programs to an additional 15 million vulnerable households,” he said.
What do you think about the president’s address? Tell us in the comment section below.