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PRESIDENT BOLA TINUBU ADDRESSES NIGERIANS… ANNOUNCES BOLD, SWEEPING ECONOMIC MEASURES AND INTERVENTIONS

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Tinubu Reaffirms Nigeria's Readiness To Play Vital Role Within G-20

PRESIDENT BOLA TINUBU ADDRESSES NIGERIANS… ANNOUNCES BOLD, SWEEPING ECONOMIC MEASURES AND INTERVENTIONS

 

 

 

 

In a monumental speech to the nation, President Bola Tinubu addressed the current state of Nigeria’s economy, and his vision for the country’s future. During the speech, he empathized with Nigerians for the hardships being faced, and went further to outline bold measures to revitalize the economy and ensure that the impact of these measures are far reaching.

 

 

 

 

“The cost of fuel has gone up. Food and other prices have followed it. Households and businesses struggle. Things seem anxious and uncertain. I understand the hardship you face,” said President Tinubu, acknowledging the current economic challenges. He expressed his commitment to alleviate the burden and ensure an equitable future for all Nigerians.

 

 

 

 

 

Furthermore, the President also announced that Nigeria has saved trillions of Naira since the removal of fuel subsidies and stoppage of the preferential exchange rate system, which previously benefited a small group of elites at the expense of the wider population.

Accordingly, the President announced measures – some of which are being implemented, to cushion the effect of these necessary changes.

 

PRESIDENT BOLA TINUBU ADDRESSES NIGERIANS… ANNOUNCES BOLD, SWEEPING ECONOMIC MEASURES AND INTERVENTIONS

 

 

Key measures include:

1) *Reinvesting Trillions already saved from Fuel Subsidy Removal*: Since the removal of the fuel subsidy, trillions have already been saved. These funds were previously funneled into select pockets, but will now be utilized in public services.

2) *Exchange Rate System Reform*: The government has dismantled the multiple exchange rate system to curb currency speculation and create more equitable wealth distribution.

3) *Business Tax Relief*: Earlier this month, President Tinubu signed four Executive Orders suspending and deferring specific taxes, aiming to boost the manufacturing sector.

4) *Manufacturing Sector Investment*: Between now and March 2024, the administration will invest N75 billion in the manufacturing sector. This initiative will fund 75 enterprises, each with access to N1 billion credit at 9% per annum, repayable over a maximum of 60 months.

5) *MSMEs and Nano Business Investments*: N125 billion will be injected into Micro, Small and Medium-sized Enterprises (MSMEs) and nano businesses. This sum includes a N50 billion Conditional Grant for 1 million nano businesses and N75 billion for 100,000 MSMEs and start-ups. The administration’s target is to give N50,000 each to 1,300 nano business owners in each of the 774 local governments across the country

6) *Affordable Food Initiatives*: President Tinubu has ordered the release of 200,000 Metric Tonnes of grains and is providing 225,000 metric tonnes of farming inputs to ensure food prices remain affordable.

7) *Agricultural Land Investment*: N200 billion will be invested into cultivating 500,000 hectares of farmland. N50 billion will be allocated to each of rice, maize, wheat, and cassava cultivation.

8) *Infrastructure Support Fund*: A new Infrastructure Support Fund is being established, allowing States to invest in critical infrastructure areas.

9) *Affordable Mass Transit*: N100 billion will be invested from July 2023 to March 2024 to acquire 3,000 units of 20-seater CNG-fuelled buses for affordable mass transit across Nigeria. These will be provided to major transportation companies in the states.

10) *National Minimum Wage Review*: A new national minimum wage is being introduced in collaboration with Labour unions, providing a salary boost to Nigerian workers.

11) *Exchange Rate and Inflation Monitoring*: The government will monitor the effects of exchange rates and inflation on fuel prices and intervene if necessary.

President Bola Tinubu also revealed that his administration is working with Labour unions to introduce a new national minimum wage, assuring workers that a salary review is imminent.

“All of our good and helpful plans are in the works. More importantly, I know that they will work,” affirmed President Tinubu. “We are exiting the darkness to enter a new and glorious dawn.”

President Bola Tinubu remains steadfast in his mission to transform the economy, with the ultimate aim of delivering the greatest good for the greatest number of Nigerians.

 

Otega Ogra
Office of Digital Engagement
The Presidency

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General Buratai to deliver University of Ilorin’s distinguished personality lecture

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Tinubu’s ‘Renewed Hope’ Agenda: General Buratai Remains Loyal, Rebuffs Misinformation – Engr Hassan

General Buratai to deliver University of Ilorin’s distinguished personality lecture

 

​The Department of Criminology and Security Studies at the University of Ilorin has announced that a former Chief of Army Staff and former Ambassador to the Republic of Benin, Ambassador Lt. General (Rtd) Tukur Buratai (CFR), will deliver its prestigious Distinguished Personality Lecture.

 

​The lecture is scheduled to take place on Saturday, 23rd May 2026, at the University Auditorium by 10:00 a.m. The Vice-Chancellor of the University, Prof. Wahab Olasupo Egbewole (SAN), is expected to be the Chief Host, while Dr. Monsurat Isiaka (Ph.D.), Head of the Department, will serve as Host.

 

​Buratai, who brings a wealth of unmatched experience from his military and diplomatic service, will be speaking on the critical theme: “The Armed Forces of Nigeria and National Security: The Youth and National Aspirations.”

 

​The lecture aims to foster critical conversation about Nigeria’s future security landscape, the pivotal role of the armed forces in national stability, and the interplay between national aspirations and the country’s youth population.

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From Global Stages to Public Service: Media Mogul Fidelis Duker Officially Joins House of Reps Race for Akpabuyo/Bakassi/Calabar South

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From Global Stages to Public Service: Media Mogul Fidelis Duker Officially Joins House of Reps Race for Akpabuyo/Bakassi/Calabar South

 

CALABAR, NIGERIA – Renowned media practitioner, veteran filmmaker, and global cultural ambassador, Fidelis Duker, has officially declared his intention to run for the Federal House of Representatives, representing the Akpabuyo/Bakassi/Calabar South Federal Constituency.

In a definitive move that bridges the gap between international enterprise and grassroots governance, the Henshaw Town-born pioneer has successfully picked up his Expression of Interest (EOI) form under the platform of the NNigeria Democratic Congress (NDC).

Duker’s entry into the legislative race brings an unprecedented level of global exposure and professional pedigree to Cross River State’s political landscape. For over three decades, he has stood as a towering figure in Africa’s creative economy.

As the founder of the Abuja International Film Festival West Africa’s longest-running film festival, and the Regional Secretary General for the Federation of Pan African Filmmakers (FEPACI), Duker has consistently flown Nigeria’s flag at prestigious international fora worldwide. From presenting the brilliance of African storytelling at the legendary Cannes Film Festival in France to driving strategic industry dialogues across Europe and Africa, his extensive global travels have positioned him as a master of international relations and resource mobilization.

“Our constituency does not suffer from a lack of potential; it suffers from a lack of structured, globally competitive representation,” Duker stated following the collection of his nomination documents. “My career has been defined by creating wealth, building platforms, and placing Nigerian talent on the world map. I am stepping into this race to deploy that exact same global network, corporate discipline, and innovative leadership to bring sustainable development, youth empowerment, and infrastructure to Akpabuyo, Bakassi, and Calabar South.”

Duker’s visionary campaign is backed by an elite, multi-disciplinary educational background curated from top-tier local and international institutions. He holds credentials from the prestigious Nigerian Institute of Journalism and Crawford University, alongside advanced professional training from the University of California, Los Angeles (UCLA). His world-class expertise in broadcasting and mass communications was further sharpened at the globally acclaimed BBC Training Academy and the Deutsche Welle Training Akademie, complementing his academic roots at the Cross River University of Technology.

As the Chief Executive Officer of FAD Media Productions—the powerhouse behind FAD 93.1 FM Calabar, FAD FM 101.3 Abuja and FAD 360 TV, Duker is already one of the largest private-sector employers of youth in Cross River State. His legislative blueprint vows to replicate this success on a macro scale by introducing bills that will be tech-driven youth development projects, positioning bills that will attract foreign direct investment to the constituency’s coastal assets, and ensuring uncompromising transparency in the execution of constituency projects.

The NDC leadership and various community support groups have warmly received his candidacy, describing it as a breath of fresh air and a critical step toward elevating the constituency to international standards of governance and economic growth.

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Ileya Tonic : King Saheed Osupa Announces New 2-in-1 Album, Acapella & Metamorphosis

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Ileya Tonic : King Saheed Osupa Announces New 2-in-1 Album, Acapella & Metamorphosis

By Alhaji Arems (Baba Fuji)

 

 

Veteran Fuji musician King Saheed Osupa is set to release a new 2-in-1 album titled Acapella & Metamorphosis on May 26, 2026.

The announcement was revealed through promotional materials shared across the singer’s official social media pages, where anticipation has already started building among longtime fans of the Fuji icon. The artwork for the project presents Osupa in a calm and regal setting, matching the mature image he has maintained throughout his career.

While full details about the tracklist and featured artists are yet to be officially released, the title of the project has already sparked conversations online. “Metamorphosis” suggests a new phase or evolution, while “Acapella” hints at a more raw or expressive musical direction. Together, both titles point toward a project that may combine classic Fuji elements with a refreshed sound and message.

Over the years, Osupa has remained one of the most respected voices in Fuji music, known for his deep lyrical style, cultural storytelling, and loyal fanbase across Nigeria and beyond. Even as the music industry continues to evolve, the singer has maintained strong relevance, especially among audiences who appreciate traditional Yoruba-rooted sounds blended with contemporary production.

The decision to release a 2-in-1 album also stands out at a time when many artists are focusing on shorter projects and singles. For established acts like Osupa, larger releases often serve as a statement of longevity, consistency, and artistic confidence.

Fans have continued to react positively to the announcement online, with many already counting down to the release date. The project is expected to arrive on major streaming platforms including Spotify, Apple Music, Audiomack, Boomplay, YouTube Music, TIDAL, and Deezer.

With the official release now scheduled for May 26, listeners will be watching closely to see what King Saheed Osupa delivers on Acapella & Metamorphosis and whether the project marks another defining moment in his long-running career.

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