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Full Text of Tinubu’s 64th Independence Broadcast, Oct 1, 2024

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2 years ago

October 1, 2024

Gloria Ikibah

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TEXT OF NATIONAL BROADCAST BY PRESIDENT BOLA AHMED TINUBU ON THE 64TH INDEPENDENCE ANNIVERSARY OF THE FEDERAL REPUBLIC OF NIGERIA OCTOBER 1, 2024

Fellow Nigerians, as I address you today, I am deeply aware of the struggles many of you face in these challenging times. Our administration knows that many of you struggle with rising living costs and the search for meaningful employment. I want to assure you that your voices are heard.

As your President, I assure you that we are committed to finding sustainable solutions to alleviate the suffering of our citizens. Once again, I plead for your patience as the reforms we are implementing show positive signs, and we are beginning to see light at the end of the tunnel.

Exactly 64 years ago, our founding fathers chose democracy as a form of government and launched the dream of a great country that would lead the rest of Africa out of poverty, ignorance, and underdevelopment, a beacon of hope to the rest of Africa and the world.

Over six decades later, we can look back, and Nigerians worldwide can see how well we have succeeded in realising the lofty dreams of our founding fathers.

The world is witnessing and benefiting from the can-do spirit of the Nigerian people, our massive intellectual capacity, and our enterprise and industry in all vocations, from arts to science, technology to infrastructure. The dreams that our founding fathers envisaged are still a work in progress. Every day, we put our hands on the plough, determined to do a better job of it.

While it is tempting to focus on what has been left undone and where we have stumbled as a nation, we must never lose sight of how far we have come in forging and holding our country together.

Since independence, our nation has survived many crises and upheavals that led to the dissolution and disintegration of many other nations worldwide. Six years after independence, our country descended into a political crisis that led to a bitter and avoidable civil war. Since returning from the brink of that darkest moment, we have learned to embrace our diversity and manage our differences better as we continue to work towards engendering a more perfect union.

Despite the many challenges that buffeted our country, we remain a strong, united, and viable sovereign nation.

Dear compatriots, our independence anniversary gives us another chance to reflect on how far we have gone in our journey to nation-building and to renew our commitment to building a better nation that will serve present and future generations of Nigerians.

While we celebrate the progress we have made as a people in the last sixty-four years, we must also recognise some of our missed opportunities and mistakes of the past. If we are to become one of the greatest nations on earth, as God has destined us to be, our mistakes must not be allowed to follow us into the future.

My administration took over the leadership of our country 16 months ago at a critical juncture. The economy faced many headwinds, and our physical security was highly impaired. We found ourselves at a dizzying crossroads, where we must choose between two paths: reform for progress and prosperity or carry on business-as-usual and collapse. We decided to reform our political economy and defence architecture.

On the security front, I am happy to announce to you, my compatriots, that our administration is winning the war on terror and banditry. Our target is to eliminate all the threats of Boko Haram, banditry, kidnapping for ransom, and the scourge of all forms of violent extremism. Within one year, our government has eliminated Boko Haram and bandit commanders faster than ever. As of the last count, over 300 Boko Haram and bandit commanders have been eliminated by our gallant troops in the Northeast, Northwest, and some other parts of the country.

We have restored peace to hundreds of communities in the North, and thousands of our people have been able to return home. It is an unfinished business, which our security agencies are committed to ending as quickly as possible. As soon as we can restore peace to many communities in the troubled parts of the North, our farmers can return to their farms. We expect to see a leap in food production and a downward spiral in food costs. I promise you, we shall not falter on this.

Our government has been responding to the recent natural disasters, particularly the flooding in parts of the country. After Vice President Kashim Shettima visited Maiduguri, I also visited to assure our people that this federal government will always stand with our people in their times of trouble. At the last meeting of the Federal Executive Council, we approved a Disaster Relief Fund to mobilise private and public sector funds to help us respond faster to emergencies.

Our government has also ordered integrity tests of all our dams in the country to avert future disasters.

The economy is undergoing the necessary reforms and retooling to serve us better and more sustainably. If we do not correct the fiscal misalignments that led to the current economic downturn, our country will face an uncertain future and the peril of unimaginable consequences.

Thanks to the reforms, our country attracted foreign direct investments worth more than $30 billion in the last year.

Fellow compatriots, our administration is committed to free enterprise, free entry, and free exit in investments while maintaining the sanctity and efficacy of our regulatory processes. This principle guides the divestment transactions in our upstream petroleum sector, where we are committed to changing the fortune positively. As such, the ExxonMobil Seplat divestment will receive ministerial approval in a matter of days, having been concluded by the regulator, NUPRC, in line with the Petroleum Industry Act, PIA. This was done in the same manner as other qualified divestments approved in the sector.

The move will create vibrancy and increase oil and gas production, positively impacting our economy.

The more disciplined approach adopted by the Central Bank to monetary policy management has ensured stability and predictability in our foreign exchange market. We inherited a reserve of over $33 billion 16 months ago. Since then, we have paid back the inherited forex backlog of $7 billion. We have cleared the ways and means debt of over N30 trillion. We have reduced the debt service ratio from 97 per cent to 68 per cent. Despite all these, we have managed to keep our foreign reserve at $37 billion. We continue to meet all our obligations and pay our bills.

We are moving ahead with our fiscal policy reforms. To stimulate our productive capacity and create more jobs and prosperity, the Federal Executive Council approved the Economic Stabilisation Bills, which will now be transmitted to the National Assembly. These transformative bills will make our business environment more friendly, stimulate investment and reduce the tax burden on businesses and workers once they are passed into law.

As part of our efforts to re-engineer our political economy, we are resolute in our determination to implement the Supreme Court judgment on the financial autonomy of local governments.

The central concern of our people today is the high cost of living, especially food costs. This concern is shared by many around the globe as prices and the cost of living continue to rise worldwide.

My fellow Nigerians, be assured that we are implementing many measures to reduce the cost of living here at home.

I commend the Governors particularly, in Kebbi, Niger, Jigawa, Kwara, Nasarawa, and the Southwest Governors that have embraced our agricultural production programme. I urge other states to join the Federal Government in investing in mechanised farming. We are playing our part by supplying fertilizer and making tractors and other farm equipment available. Last week, the Federal Executive Council approved establishing a local assembly plant for 2000 John Deere tractors, combine harvesters, disc riders, bottom ploughs and other farm equipment. The plant has a completion time of six months.

Our energy transition programme is on course. We are expanding the adoption of the Presidential Initiative on Compressed Natural Gas for mass transit with private sector players. The Federal Government is ready to assist the thirty-six States and FCT in acquiring CNG buses for cheaper public transportation.

Fellow Nigerians, while we are working to stabilise the economy and secure the country, we also seek to foster national unity and build social harmony and cohesion. Our economy can only thrive when there is peace.

As we work to overcome the challenges of the day, we remain mindful of the next generation as we seek to galvanize their creative energy towards a better future. We lead today with the future we wish to bequeath to our children in focus, recognizing that we cannot design a future that belongs to them without making them its architects.

Considering this, I am pleased to announce the gathering of a National Youth Conference. This conference will be a platform to address the diverse challenges and opportunities confronting our young people, who constitute more than 60 per cent of our population. It will provoke meaningful dialogue and empower our young people to participate actively in nation-building. By ensuring that their voices are heard in shaping the policies that impact their lives, we are creating a pathway for a brighter tomorrow.

The 30-day Confab will unite young people nationwide to collaboratively develop solutions to issues such as education, employment, innovation, security, and social justice. The modalities of this Confab and selection of delegates will be designed in close consultation with our young people through their representatives. Through this confab, it will be our job as leaders to ensure that their aspirations are at the heart of the conference’s deliberations. The government will thoroughly consider and implement the recommendations and outcomes from this forum as we remain resolute in our mission to build a more inclusive, prosperous, and united Nigeria.

Our government is implementing several other youth-centric programmes to give our young people an advantage in the rapidly changing world. We are implementing, amongst others, the 3 million Technical Talents programme (3MTT) of the Ministry of Communications, Innovation and Digital Economy, aimed at building Nigeria’s technical talent backbone.

We have also enthusiastically implemented the Nigerian Education Loan Fund (NELFUND), which provides cheap loans to our students to pursue their tertiary educational dreams. In addition, later this month, we shall launch The Renewed Hope Labour Employment and Empowerment Programme (LEEP). It is conceived as a comprehensive suite of interventions at job creation by the Federal Ministry of Labour and Employment that is aimed at facilitating the creation of 2.5 million jobs, directly and indirectly, on an annual incremental basis whilst simultaneously ensuring the welfare and safety of workers across the country.

As is the tradition, the government will soon announce all the beneficiaries of our national honours for 2024.

The Senate President and the Chief Justice of the Federation have been conferred with the honour of the Grand Commander of the Order of the Niger (GCON). The deputy Senate President and Speaker of the House of Representatives have the honour of Commander of the Order of the Federal Republic (CFR), while the deputy speaker of the House has been awarded Commander of the Order of Niger (CON) .

Fellow Nigerians, better days are ahead of us. The challenges of the moment must always make us believe in ourselves. We are Nigerians—resilient and tenacious. We always prevail and rise above our circumstances.

I urge you to believe in our nation’s promise. The road ahead may be challenging, but we will forge a path toward a brighter future with your support. Together, we will cultivate a Nigeria that reflects the aspirations of all its citizens, a nation that resonates with pride, dignity, and shared success.

As agents of change, we can shape our destiny and build a brighter future by ourselves, for ourselves and for future generations.

Please join our administration in this journey towards a brighter future. Let us work together to build a greater Nigeria where every citizen can access opportunities and every child can grow up with hope and promise.

May God continue to bless our nation and keep members of our armed forces safe.

Happy Independence anniversary, my fellow Nigerians!

-President Bola Ahmed Tinubu

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Fuel price: Lokpobiri asks NNPCL to explain to Nigerians why PH, Warri, Kaduna refineries are not working

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2 hours ago

September 23, 2026

EMMANUEL AGAJI

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The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has said the Nigerian National Petroleum Company Limited, NNPCL, should account for and explain to Nigerians why its Port Harcourt, Warri and Kaduna refineries are not producing petroleum products.

He made this disclosure on Tuesday in an interview with Channels Television.

According to him, a brief from the Group Chief Executive Officer of NNPCL, Bayo Ojulari, showed that the state-owned refineries are not producing refined petroleum products after gulping between N23.84 trillion and N33.11 trillion on turnaround maintenance over the past two decades.

“The last brief I got from the GCEO [Bayo Ojulari] is that it’s very unfortunate that the Port Harcourt refinery, Warri refinery and Kaduna refinery are not producing today.

“But new partnerships are being negotiated with some Chinese companies to come and invest their money and see how they can rehabilitate.”

When asked if those who deceived Nigerians into believing that the refineries were working should be punished, Lokpobiri said, “Call NNPC, tell them to come and account for it. I will tell them to come. Let them come and explain.”

His comments came as Nigerians buy petrol for between N1,395 and N1,450 per litre in Abuja and its environs, worsening the cost of living.

Recall that the NNPCL, under its former Group Chief Executive Officer, Mele Kyari, announced the restart of operations at the Port Harcourt Refinery on November 26, 2024. However, on May 24, 2025, the plant was shut down.

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Minister Secures International Investment Commitments for Power Projects

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2 hours ago

September 23, 2026

Austin Ojomah

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The Federal Government has secured fresh commitments from major Chinese power companies and financial institutions to accelerate critical electricity projects and deepen Chinese investment across Nigeria’s power value chain.

The commitments, which cover generation, transmission, equipment manufacturing, renewable energy and grid digitalisation, followed a high-level Nigeria-China power sector mission to Beijing led by the Minister of Power, Joseph Tegbe.

Tegbe disclosed this in Abuja while presenting his scorecard for his first 100 days in office, saying the government was seeking to move beyond conventional contractor arrangements to partnerships that would bring additional capital, technology and technical expertise into the sector.

Among the companies involved are Sinomach, China Machinery Engineering Corporation (CMEC), China National Electric Engineering Company (CNEEC) and TBEA, alongside Chinese financial institutions.

CMEC has reaffirmed its commitment to the 1.9GW Presidential Power Initiative, with the first transmission lines under the programme expected to be delivered in the first quarter of 2027.

CNEEC, the minister said, is advancing financing of $116 million for the Zungeru power evacuation project, while TBEA has proposed a $500 million industrial park for the local manufacture of power equipment.

The Chinese engagements also cover accelerated development of the East-West Super Grid, the Omotosho-Epe transmission line, cable supply and local assembly, a 300MW distributed renewable-energy programme and waste-to-energy pilot projects.

Tegbe said the government was also working with Huawei on grid digitalisation, Supervisory Control and Data Acquisition (SCADA) systems and technical training.

He said the objective was to ensure that foreign partnerships translated into bankable projects and completed infrastructure capable of delivering measurable improvements to the power system.

The minister’s disclosure comes against the backdrop of the Federal Government’s wider effort to restore financial stability to the electricity market, including the mobilisation of ₦1.23 trillion through two bond issuances to settle verified legacy obligations owed to power generation companies.

—₦120bn Annual Leakage Blocked—

Tegbe also disclosed that interventions along the Ikorodu-Sagamu industrial corridor were expected to block energy theft and related revenue leakages estimated at about ₦120 billion annually.

He said improved billing, collection and remittance remained critical to restoring the financial viability of the electricity market and ensuring that resources generated within the sector were available for continued investment.

The minister said the government was also preparing a new phase of investment in transmission infrastructure, including the proposed Transmission Super Grid and the East-West Grid, while exploring bilateral generation-distribution arrangements to improve the utilisation of existing power assets.

—Mambila Project Gets Fresh Impetus—

Tegbe said the government’s recent victory in the long-running arbitration over the Mambila hydropower project had removed a major obstacle to the development of the massive scheme in Taraba State.

An International Chamber of Commerce arbitration tribunal in Paris last week rejected claims totalling about $3.38 billion brought against Nigeria by Sunrise Power and Transmission Company in disputes connected with the project.

The minister said the government was now exploring a pragmatic, potentially phased approach to delivering the Mambila project, alongside smaller hydropower schemes that could serve agricultural and industrial corridors.

He identified the next phase of the government’s power programme as one focused on converting agreements and ongoing reforms into bankable projects, additional transmission capacity and infrastructure capable of supporting future electricity demand.

Among the priorities, he said, were the East-West Grid, the Transmission Super Grid, Mambila and small hydropower projects.

Tegbe said the government would also continue to pursue greater private-sector participation in the electricity market, insisting that new generation capacity must be matched by viable demand and infrastructure.

“An inch of improvement is better than a mile of intentions,” he said, quoting Steve Maraboli as he reaffirmed the administration’s commitment to reforming the power sector under President Bola Tinubu’s Renewed Hope Agenda.

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2027: Adelabu’s aide leads APC members to join APM in Oyo

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2 hours ago

September 23, 2026

EMMANUEL AGAJI

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Thousands of members of the All Progressives Congress, APC, in Oyo State, have joined the Allied Peoples Movement, APM.

The former APC members, who came from different local government areas across the state, announced their defection on Monday.

They declared that they had dumped the APC and were ready to work for the APM.

The event was held at Lekan Salami Stadium, Adamasingba, in Ibadan.

Recall that the former APC members were led by Mr Ajiboye Sangogade, a Personal Assistant to the immediate past Minister of Power, Adebayo Adelabu.

Adelabu, who is an indigene of Ibadan, contested the recent APC guber primary election but did not secure the ticket.

Sangogade, a native of Ibadan, said he and his followers would work for the success of the APM in 2027.

The former APC members were received by Governor Seyi Makinde of Oyo State and other chieftains of the APM.

Makinde, while addressing the gathering, advised the APC gubernatorial candidate, Senator Sharafadeen Alli, to channel his efforts toward contesting against the APM candidate, Bimbo Adekanmbi.

The governor vowed that he will defeat President Bola Tinubu to win the forthcoming 2027 presidential election.

He advised the APC candidate to stop criticising his administration.

Makinde said: “God has signed off on what we are doing, and that is why it is raining.

“Today, we are welcoming thousands of APC members into the Allied People’s Movement (APM), and this shows that our victory is only a matter of time. We will win massively in all elections in 2027”.