News
Why Tinubu Will Not Address Nation On Protest – Presidency
By Kayode Sanni-Arewa
The presidency has denied reports of President Tinubu addressing Nigerians in a nationwide broadcast regarding the planned protest, clarifying that any such claims are false.
Naijablitznews reports the Special Adviser to President Tinubu on Information and Strategy, Bayo Onanuga, clarified this in a statement on Saturday.
He stated that some mischief-makers have been spreading false reports that President Tinubu would address the nation, but there is no truth to these claims.
Onanuga further revealed that those behind the fake broadcast have also circulated a counterfeit speech, reiterating that President Tinubu will not make any such address.
The presidential media aide also shared the text of the fake speech to highlight the misinformation being spread.
Speaking via the X account, Onanuga wrote: “Dear Nigerians
“False text of broadcast in circulation
“Please ignore the text of an alleged broadcast said to have been made by President Bola Ahmed Tinubu.
“It is totally false. It is the handiwork of mischief makers, people bent on sowing confusion and chaos in our country. Please ignore it. President Tinubu has not made any broadcast.
“Please find below the concocted broadcast.”
TINUBU SPEAKS
“My fellow Nigerians,
“I stand before you today with a heavy heart, but also with hope and determination. Our beloved nation faces unprecedented economic challenges that demand bold and decisive action. As your President, I am committed to leading by example and making the difficult decisions necessary to put Nigeria back on the path to prosperity.
“Effective immediately, I am announcing a 50% reduction in my salary and all other emoluments. I call upon the Vice President, Senate President, and all other top government officials to follow suit. We who have been entrusted with leadership must be the first to make sacrifices for the good of our nation.
“In the spirit of fiscal responsibility, I am also announcing the following measures:
1. The Office of the First Lady will be scrapped to reduce unnecessary expenditures.
2. We will sell off several presidential aircraft that are currently idle, retaining only those essential for official duties.
3. Government ministries will be consolidated, with a maximum of 36 ministers to streamline operations and reduce costs.
4. Fuel and electricity subsidies will be restored to provide immediate relief to our citizens, while we work on long-term solutions to our energy challenges.
5. All government officials will be mandated to use locally manufactured products, including automobiles, to support our domestic industries and reduce foreign exchange outflows.
“These are just the first steps in our comprehensive plan to cut the cost of governance and redirect resources to critical areas of need. We are also implementing the following additional measures:
6. A significant reduction in the number of political appointees and aides across all levels of government.
7. The implementation of a comprehensive e-governance system to reduce bureaucracy and improve efficiency.
8. A review and renegotiation of all government contracts to ensure value for money.
9. The introduction of a performance-based budgeting system to ensure that every naira spent delivers tangible results for our people.
10. A freeze on non-essential foreign trips by government officials, with a shift towards virtual meetings and conferences.
11. Effective immediately, there will be no more foreign trips for medical treatment for myself, my cabinet, and all government officials. We will use Nigerian hospitals and medical facilities. This measure will not only save foreign exchange but also demonstrate our commitment to improving our healthcare system. We must have faith in our own doctors and nurses, and work together to enhance the quality of healthcare available to all Nigerians.
“I want to assure all Nigerians that these measures are just the beginning. We are committed to a complete overhaul of our governance structures to make them leaner, more efficient, and more responsive to the needs of our people.
“To our youth who have planned protests under the #endbadgovernment banner, I hear your frustrations. I understand your anger. But I implore you to give us a chance to implement these reforms. Let us channel our collective energy into rebuilding our nation rather than further dividing it.
“The road ahead will not be easy. It will require sacrifice and patience from all of us. But I have faith in the resilience and ingenuity of the Nigerian people. Together, we can overcome these challenges and build a stronger, more prosperous Nigeria.
“May God bless you all, and may God bless the Federal Republic of Nigeria.
“Thank you.”
News
Nigerian Govt promises support for stampede victims’ families
Vice-President Kashim Shettima has said the Federal Government will support families of victims of recent stampedes across the country.
Shettima made this known in a condolence message on Sunday in Abuja.
He expressed sorrow over the losses and offered prayers and condolences to the affected families.
Recall that on Saturday in Okija, Anambra, a Christmas palliative distribution event turned tragic with 22 persons losing their lives in an early morning stampede.
The same day in Abuja, another tragedy struck when ten persons died during an annual Christmas food-sharing event at Holy Trinity Catholic Church, Maitama.
There was also a stampede on Wednesday at the Islamic High School, Bashorun, Ibadan, Oyo State, where about 35 children lost their lives and others sustained injuries during a holiday fun fair.
The vice-president, who described the incidents as a national tragedy, revealed that the Federal Government had directed relevant agencies to provide immediate support to affected families.
“I am extremely saddened by these tragic incidents that have claimed innocent lives.
“My prayers and thoughts are with the grieving families of all victims, including those who sustained injuries and are undergoing treatment.
“I am particularly distraught by the fact that so many lives of Nigerians, particularly children, have been lost in stampedes that ought to have been avoided through proper planning and organisation,” he said.
He prayed the Almighty God to grant eternal rest to the souls of the departed.
“We stand ready to support the bereaved families through this difficult period, and no effort will be spared in providing the necessary assistance they need.”
News
Umahi rules out compensation for bare land owners
The Minister of Works, David Umahi, has reiterated that the Federal Government does not compensate for bare lands, adding that all lands belong to the government.
He disclosed this at the inspection of the Lagos-Calabar Coastal Highway, Section 1 at kilometre 18, Okun Ajah axis, recently.
He said, “Go and read the law; there is no compensation for bare land. All land belongs to the government. Hence, if you are taking what belongs to you, you do not pay compensation; it is the president that directed that anywhere we see a shanty on our corridor, we should pay compensation; it is a kind of human meekness from the president towards the people. We broke no law.
“So, where there is no infrastructure on land, they have to write to Mr. President for a direction on that.”
In an interview with The Punch, the General Secretary, Nigerian Institute of Quantity Surveyors, Lagos Chapter, Folusho Ogunrinde, said land was undeniably an asset whether owned by individuals, businesses, or the government.
He said, “Governments recognise the value of land as an asset and manage it as such. For instance, you cannot encroach on government-owned land for development because it is considered part of their assets.
Similarly, individuals and private entities acquire land either through inheritance, purchase, or investment. When such land is taken away, the argument that compensation should only be for developments and not the land itself is fundamentally flawed. It disregards the asset’s intrinsic value and how it was acquired.
“The 99-year lease system in Nigeria further underscores the value of land as an asset, as this lease is renewable. If governments require compensation for the renewal of a lease or when public use necessitates land acquisition, individuals and private owners deserve similar recognition and compensation for their land when expropriated.
“The law, as it stands, needs urgent redress. The idea that landowners should not be compensated for their land is, frankly, unjust and tantamount to fraud. Land is more than a physical space; it is an economic and generational asset. To deny compensation for it is to undermine the principles of equity and justice. Hence, there is a need for a review of the Land Use Act and constitutional provisions to align with the realities of land as a critical and valuable asset.”
In a similar vein, the Team Lead, Arbitration, Maritime, and Real Estate Practice Group, Stren & Blan Partners, Joseph Siyaidon, posited that non-payment of compensation on bare land was unconstitutional.
He said, “The Land Use Act is merely an existing Act and not part of the Constitution. We humbly submit that the provisions of the Land Use Act, which limit the payment of compensation for private properties compulsorily acquired by the government to only unexhausted improvements on the land, are unconstitutional in that they violate the provisions of Sections 43 & 44 of the Constitution of the Federal Republic of Nigeria (as amended), which extends the right of compensation to all immovable properties, bare lands included.”
Umahi disclosed that the first phase of the coastal highway will be completed by May 29, 2025.
He said, “By May 29 we are facing the commissioning, and we have directed all the comptrollers of works that, by the end of April, every comptroller of works in all the states must give us a minimum of three projects that Mr. President is going to commission.
“From Channel 0, we are going to be commissioning the first 20 kilometres; however, another 10 kilometres would be ready at the end of the project within this period, but we are not commissioning that one, it is going to be phase 2 of section 1 for commissioning. Generally, across the country, we are going to be commissioning projects in phases.”
Meanwhile, the Acting Director of Road Design, Engr. Musa Saidi, assured that the highway construction adheres to approved specifications and includes additional measures for durability. Any realignment is for public interest, safety, and economic reasons,” he said.
News
Telcos demand plan to resolve N250bn USSD debt
The Association of Telecommunications Companies of Nigeria has called on industry regulators to implement clear and practical solutions to resolve the long-standing N250bn debt owed by banks to telecom operators for Unstructured Supplementary Service Data offerings.
Speaking with The PUNCH, ATCON President Tony Emoekpere stressed the need for clear solutions, warning that the debt crisis threatens the progress of financial inclusion in the country.
In Nigeria, USSD is vital for financial inclusion, particularly in rural areas where smartphone penetration and internet access are limited.
It is heavily relied upon by banks, especially for mobile banking services, and is also used for services like airtime top-ups, bill payments, and other telecom services.
“My advice is that it is crucial for this debt to be addressed directly and for a solution to be found. If telcos are not encouraged to support the financial industry and such debts continue to accumulate, it will be detrimental to financial inclusion targets,” he said.
Emoekpere also highlighted the importance of prioritizing USSD traffic and creating incentives for telecom operators to continue supporting the financial sector.
He urged industry regulators, including the Nigerian Communications Commission and the Central Bank of Nigeria, to establish a framework that ensures the timely and equitable resolution of such disputes.
The debt crisis has persisted for years, with telecom operators threatening to suspend USSD services unless payments are made.
While smaller banks have reportedly begun repaying their obligations in installments, tier-one lenders—responsible for the bulk of the debt—are yet to make significant payments, according to the Chairman of the Association of Licensed Telecom Operators of Nigeria, Gbenga Adebayo.
“Some repayments have been recorded, but they fall short of expectations,” Adebayo told The PUNCH in November.
Telecom operators have long argued that the unpaid debts undermine their ability to maintain USSD services, which are critical for financial transactions in Nigeria.
The operators have repeatedly called for the intervention of regulators to facilitate a lasting resolution.
Industry stakeholders warn that failure to resolve the debt crisis could jeopardize efforts to expand financial inclusion, particularly in rural areas where USSD services play a pivotal role.
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