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Nigeria Was Leaking When I Took Over – Tinubu

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By Kayode Sanni-Arewa.

 

President Bola Tinubu on Friday promised the Yoruba Leaders of Thought that his administration will live up to the expectations of Nigerians, declaring that the country is no longer bleeding.

The President who lamented the state of Local government administration in the country called for a more effective local government system that fosters community development and delivers the essentials of governance within a federal structure.

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Speaking when he received a delegation of the Yoruba Leaders of Thought at the State House on Friday, Tinubu emphasized that governance must be transformative and must address the critical needs of the people.

He said the past 12 months have been fulfilling for his administration despite some challenges.

“It has been challenging. It has been fulfilling as well. We took over, and we have stopped the bleeding. I can say categorically now that Nigeria is no longer bleeding. And it will not bleed to death, but rather will now move to prosperity. That is the promise that I made to you all, and it is also the charge that you gave to me.”

He also called for the deepening of governance and the reinforcement of leadership across all levels of government and institutions, adding that his administration is committed to encouraging fiscal federalism and strengthening the system to enhance inclusion and equity for all Nigerians.

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“Local government administration is being suffocated. People are looking at the opportunity to ensure that they survive and become more purposeful through community development programmes. What I will not support is any effort to make the local government a unitary system by handing all core responsibilities to the federal government. That is criminal when there is a federal system.

“We have a federal system. There is state and federal administration. We have two components. States must do whatever is in the best interest of their own process of administration. There is no one-size-fits-all. That is what we should do by looking at the revenue formula, and we must be consistent with federalism; fiscal federalism. Those are the things you should expect from me, not the knee-jerk reactions ahead of elections.

While thanking the delegation of eminent Nigerians, President Tinubu urged continuous support for and faith in Nigeria, assuring them that his government would live up to expectations.

“I can tell you that Nigeria is no longer printing paper money and deceiving itself that it has a base for survival. Nigeria went through terrible labour pains, but we have seen the baby coming out alive,” the President concluded.

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In his remarks, Honourable Bayo Aina, the National Secretary, who spoke on behalf of Prince Tajudeen Oluyole Olusi, Convener of the Yoruba Leaders of Thought, commended the President for his prioritization of investment in infrastructure across various sectors.

“We salute your timely initiative to upgrade, construct, and modernize the infrastructure of our nation in health, aviation, transportation, as well as the education sector. We commend you for your commitment to providing responsible, responsive, and accountable governance in this country.”

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Council poll: APC working on consensus candidates ahead of primaries

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Lagos State chapter of the All Progressives Congress (APC) is working towards consensus candidates for the upcoming primary election scheduled for Saturday.

The move is part of the party’s efforts to maintain unity and reduce internal frictions.

Five aspirants emerged unopposed following the screening organised by the party.

The incumbent Chairman of Surulere Local Government, Sulaimon Yusuf; his counterpart in Iba Local Council Development Area (LCDA), Jubril Yisa; Motunrayo Alogba of Ijede LCDA and Kasali Bamidele in Lekki LCDA emerged unopposed. A new aspirant, Azeez Kareem, was the only person cleared to contest in Oto-Awori LCDA.

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Chairman of the APC Lagos State Electoral Committee, Babatunde Ogala, SAN, in an interview with The Nation, disclosed that more aspirants had emerged unopposed following interventions from the party leaders.

He expressed optimism that many more aspirants would step down before the Saturday primary election.

“We are hoping to have at least 70 per cent consensus candidates going into the primary election. If we can achieve that, it will leave us with only 30 per cent to conduct primaries for,” he said.

According to him, the appeal committee, headed by Mr. Adeniji Kazeem, SAN, has been sitting for the past two days and has received over 100 petitions.

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Ogala said the committee had treated over 70 of the petitions and would conclude their assignment today (Wednesday).

He explained that while the party had prepared for indirect primaries, involving delegates drawn from local government executives, efforts were ongoing at various levels to arrive at consensus candidacies in many wards.

He said electoral materials were being finalised for distribution by Saturday, with electoral officers already appointed to oversee the process in all 57 local councils.

Ogala said security had been fully arranged in collaboration with the police, DSS, civil defence and Lagos traffic officials to ensure order and smooth movement at the secretariats where the primaries were expected to take place.

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According to him, the party is also scheduled to hold a key stakeholders’ meeting today with senior officials and aspirants to finalise agreements and chart the way forward.

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$400m steel factory set to begin operations in Ogun

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President of Inner Galaxy Group, Mr. Li Shuang, yesterday, disclosed that his company was ready to set up a $400 million hot rolled coiled steel factory with the capacity to employ about 6,500 direct and indirect workers in Ewekoro Local Government Area of Ogun State.

He made this known while leading a delegation of principal officials of the organization at the Governor’s Office located at Oke-Mosan, Abeokuta.

He added that the company is expected to commence operations in April 2026, saying the organization, a multinational company with vast investments in Asia, the Philippines, Malaysia, and some African countries like Ghana and Angola, entered the Nigerian market in 2005, producing iron rods for the building industry.

Governor Dapo Abiodun expressed delight in the huge investment, as he ascribed the success to his administration’s deliberate and intentional move to make the state the leading industrial hub in Nigeria and the West Africa sub-region.

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“This is a $400 million investment; this aligns with the President’s vision to ensure that we grow this economy to a trillion dollars, and I think that you will be contributing your quota in achieving that. We are excited that you will also be employing people.

“I will be commissioning a multimillion-dollar diagnostic equipment facility during the week. This administration has managed to attract quite a lot of industries in the last six years,”

Abiodun noted that the state is blessed with abundant human and natural resources, adding that alluvial gold had been discovered in large quantities, just as the state has the highest quality of lithium.

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Ndume backs Tinubu’s ban on foreign goods

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Senator Ali Ndume has applauded President Bola Tinubu’s decision to ban the importation of foreign goods that can be produced locally, describing it as a major incentive for indigenous manufacturers.

The ban was announced by the Minister of Information and National Orientation, Mohammed Idris, during a media briefing following Monday’s Federal Executive Council meeting in Abuja.

According to Idris, the policy is part of the administration’s broader “Renewed Hope Nigeria First Policy,” aimed at revitalising the local economy and boosting local content.

In addition to restricting imports, the Federal Government also announced tighter controls on the employment of expatriates, saying that going forward, foreign workers would only be allowed to take on jobs that cannot be executed by Nigerian contractors or artisans, unless expressly approved by the Bureau of Public Procurement (BPP).

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Describing the move as a landmark decision, the senator who represents Borno South, said it would significantly strengthen local businesses, create jobs and reduce the pressure on Nigeria’s foreign reserves.

“It is heartwarming to hear that President Tinubu has taken this bold step to ban the importation of goods that can be produced within our borders. This is a major boost for indigenous businesses, especially at a time when our economy is struggling,” Ndume said in a statement yesterday.

He added that proper implementation of the policy would protect local manufacturers from being driven out by foreign companies flooding the market with cheaper, often substandard products.

“With stronger support for local industries, we will see more job creation for our youths, an increase in our Gross Domestic Product (GDP), and an appreciation in the value of the Naira due to reduced demand for foreign exchange,” he said.

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Ndume also urged the government to go a step further by imposing steep taxes on select imported goods. “This will discourage the consumption of foreign products and encourage Nigerians to patronise locally made alternatives,” he said.

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