News
BREAKING: President Tinubu Addresses Nigerians (National Broadcastc Speech)

THIS NATIONAL BROADCAST BY PRESIDENT BOLA TINUBU ON CURRENT ECONOMIC CHALLENGES IS RELEASED TO YOU STRICTLY UNDER EMBARGO UNTIL 7.30 PM, JULY 31 AFTER THE PRESIDENT HAS READ IT. KINDLY REFRAIN FROM USE ON YOUR ONLINE PLATFORMS OR ANY PLATFORM WHATSOEVER UNTIL THE AFOREMENTIONED TIME.
TEXT OF THE NATIONAL BROADCAST BY PRESIDENT BOLA TINUBU TO NIGERIANS ON CURRENT ECONOMIC CHALLENGES.
AFTER DARKNESS COMES THE GLORIOUS DAWN
My fellow citizens,
I want to talk to you about our economy. It is important that you understand the reasons for the policy measures I have taken to combat the serious economic challenges this nation has long faced.
2. I am not going to talk in difficult terms by dwelling on economic jargon and concepts. I will speak in plain, clear language so that you know where I stand. More importantly, so that you see and hopefully will share my vision regarding the journey to a better, more productive economy for our beloved country.
3. For several years, I have consistently maintained the position that the fuel subsidy had to go. This once beneficial measure had outlived its usefulness. The subsidy cost us trillions of Naira yearly. Such a vast sum of money would have been better spent on public transportation, healthcare, schools, housing and even national security. Instead, it was being funnelled into the deep pockets and lavish bank accounts of a select group of individuals.
4. This group had amassed so much wealth and power that they became a serious threat to the fairness of our economy and the integrity of our democratic governance. To be blunt, Nigeria could never become the society it was intended to be as long as such small, powerful yet unelected groups hold enormous influence over our political economy and the institutions that govern it.
5. The whims of the few should never hold dominant sway over the hopes and aspirations of the many. If we are to be a democracy, the people and not the power of money must be sovereign.
6. The preceding administration saw this looming danger as well. Indeed, it made no provision in the 2023 Appropriations for subsidy after June this year. Removal of this once helpful device that had transformed into a millstone around the country’s neck had become inevitable.
7. Also, the multiple exchange rate system that had been established became nothing but a highway of currency speculation. It diverted money that should have been used to create jobs, build factories and businesses for millions of people. Our national wealth was doled on favourable terms to a handful of people who have been made filthy rich simply by moving money from one hand to another. This too was extremely unfair.
8. It also compounded the threat that the illicit and mass accumulation of money posed to the future of our democratic system and its economy.
9. I had promised to reform the economy for the long-term good by fighting the major imbalances that had plagued our economy. Ending the subsidy and the preferential exchange rate system were key to this fight. This fight is to define the fate and future of our nation. Much is in the balance.
10. Thus, the defects in our economy immensely profited a tiny elite, the elite of the elite you might call them. As we moved to fight the flaws in the economy, the people who grow rich from them, predictably, will fight back through every means necessary.
11. Our economy is going through a tough patch and you are being hurt by it. 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. I wish there were other ways. But there is not. If there were, I would have taken that route as I came here to help not hurt the people and nation that I love.
12. What I can offer in the immediate is to reduce the burden our current economic situation has imposed on all of us, most especially on businesses, the working class and the most vulnerable among us.
13. Already, the Federal Government is working closely with states and local governments to implement interventions that will cushion the pains of our people across socio-economic brackets.
14. Earlier this month, I signed four (4) Executive Orders in keeping with my electoral promise to address unfriendly fiscal policies and multiple taxes that are stifling the business environment. These Executive Orders on suspension and deferred commencement of some taxes will provide the necessary buffers and headroom to businesses in the manufacturing sector to continue to thrive and expand.
15. To strengthen the manufacturing sector, increase its capacity to expand and create good paying jobs, we are going to spend N75 billion between July 2023 and March 2024. Our objective is to fund 75 enterprises with great potential to kick-start a sustainable economic growth, accelerate structural transformation and improve productivity. Each of the 75 manufacturing enterprises will be able to access N1 Billion credit at 9% per annum with maximum of 60 months repayment for long term loans and 12 months for working capital.
16. Our administration recognises the importance of micro, small and medium-sized enterprises and the informal sector as drivers of growth. We are going to energise this very important sector with N125 billion.
17. Out of the sum, we will spend N50 billion on Conditional Grant to 1 million nano businesses between now and March 2024. Our target is to give N50,000 each to 1,300 nano business owners in each of the 774 local governments across the country.
18. Ultimately, this programme will further drive financial inclusion by onboarding beneficiaries into the formal banking system. In like manner, we will fund 100,000 MSMEs and start-ups with N75 billion. Under this scheme, each enterprise promoter will be able to get between N500,000 to N1million at 9% interest per annum and a repayment period of 36 months.
19. To further ensure that prices of food items remain affordable, we have had a multi-stakeholder engagement with various farmers’ associations and operators within the agricultural value chain.
20. In the short and immediate terms, we will ensure staple foods are available and affordable. To this end, I have ordered the release of 200,000 Metric Tonnes of grains from strategic reserves to households across the 36 states and FCT to moderate prices. We are also providing 225,000 metric tonnes of fertilizer, seedlings and other inputs to farmers who are committed to our food security agenda.
21. Our plan to support cultivation of 500,000 hectares of farmland and all-year-round farming practice remains on course. To be specific, N200 billion out of the N500 billion approved by the National Assembly will be disbursed as follows:
-Our administration will invest N50 billion each to cultivate 150,000 hectares of rice and maize.
-N50 billion each will also be earmarked to cultivate 100,000 hectares of wheat and cassava.
22. This expansive agricultural programme will be implemented targeting small-holder farmers and leveraging large-scale private sector players in the agric business with strong performance record.
23. In this regard, the expertise of Development Finance Institutions, commercial banks and microfinance banks will be tapped into to develop a viable and an appropriate transaction structure for all stakeholders.
24. Fellow Nigerians, I made a solemn pledge to work for you. How to improve your welfare and living condition is of paramount importance to me and it’s the only thing that keeps me up day and night.
25. It is in the light of this that I approved the Infrastructure Support Fund for the States. This new Infrastructure Fund will enable States to intervene and invest in critical areas and bring relief to many of the pain points as well as revamp our decaying healthcare and educational Infrastructure.
26. The fund will also bring improvements to rural access roads to ease evacuation of farm produce to markets. With the fund, our states will become more competitive and on a stronger financial footing to deliver economic prosperity to Nigerians.
27. Part of our programme is to roll out buses across the states and local governments for mass transit at a much more affordable rate. We have made provision to invest N100 billion between now and March 2024 to acquire 3000 units of 20-seater CNG-fuelled buses.
28. These buses will be shared to major transportation companies in the states, using the intensity of travel per capital. Participating transport companies will be able to access credit under this facility at 9% per annum with 60 months repayment period.
29. In the same vein, we are also working in collaboration with the Labour unions to introduce a new national minimum wage for workers. I want to tell our workers this: your salary review is coming.
30. Once we agree on the new minimum wage and general upward review, we will make budget provision for it for immediate implementation.
31. I want to use this opportunity to salute many private employers in the Organised Private Sector who have already implemented general salary review for employees.
32. Fellow Nigerians, this period may be hard on us and there is no doubt about it that it is tough on us. But I urge you all to look beyond the present temporary pains and aim at the larger picture. All of our good and helpful plans are in the works. More importantly, I know that they will work.
33. Sadly, there was an unavoidable lag between subsidy removal and these plans coming fully online. However, we are swiftly closing the time gap. I plead with you to please have faith in our ability to deliver and in our concern for your well-being.
34. We will get out of this turbulence. And, due to the measures we have taken, Nigeria will be better equipped and able to take advantage of the future that awaits her.
35. In a little over two months, we have saved over a trillion Naira that would have been squandered on the unproductive fuel subsidy which only benefitted smugglers and fraudsters. That money will now be used more directly and more beneficially for you and your families.
36. For example, we shall fulfill our promise to make education more affordable to all and provide loans to higher education students who may need them. No Nigerian student will have to abandon his or her education because of lack of money.
37. Our commitment is to promote the greatest good for the greatest number of our people. On this principle, we shall never falter.
38. We are also monitoring the effects of the exchange rate and inflation on gasoline prices. If and when necessary, we will intervene.
39. I assure you my fellow country men and women that we are exiting the darkness to enter a new and glorious dawn.
40. Now, I must get back to work in order to make this vision come true.
41. Thank you all for listening and may God bless the Federal Republic of Nigeria.
Crime
BREAKING: Daredevil Robbers Kill Student, Ignite Campus Protest

Students of the Ibrahim Badamosi Babangida (IBB) University, Lapai in Niger State took to the streets of Lapai today to protest the killing of one of them by armed robbers.
It was learnt that robbers invaded a student lodge close to the school gate in the early hours of today and in the process killed a 200-level student who resumed for the session yesterday.
The robbers also carted away several valuables belonging to the students without any resistance from security agents from the institution.
The students began protesting at the front of the school gate blocking the road and burning tires and sticks.
The students said the insecurity in the school began since the beginning of this year and they have been complaining to the school authorities and the police but nothing was done to address it.
It was learnt that robbers invaded a student lodge close to the school gate in the early hours of today and in the process killed a 200-level student who resumed for the session yesterday.
The robbers also carted away several valuables belonging to the students without any resistance from security agents from the institution.
The students began protesting at the front of the school gate blocking the road and burning tires and sticks.
The students said the insecurity in the school began since the beginning of this year and they have been complaining to the school authorities and the police but nothing was done to address it.
The students claimed that several female students have been sexually harassed in the course of robbery while several students have lost their valuables to the robbers.
The students are insisting that they will not disperse until the government and school authority take step to address the insecurity in the school community stressing their lives are no longer safe.
Calls and messages to the Information Officer of the institution were not responded to as of the time of filing this report.
The Police Public Relations Officer, SP Abiodun Wasiu confirmed the killing of the student by armed robbers saying that he was stabbed on the neck.
“Today being 23rd June, 2025 at about 3am, information was received that at about 2.30am, some hoodlums attacked a student lodge at Ndakitabu area via Lapai.
Police operatives of Lapai Division rushed to the scene, but the suspected robbers had escaped.
“Unfortunately, one Jafar was stabbed on the neck and he was rushed to General Hospital Lapai where he was later confirmed dead,” Abiodun said in a statement.
He also confirmed the students have barricaded Agaie-Lapai road, adding that tactical teams of the Command have been dispatched to Lapai to ensure that normalcy is restored.
Source: The Nation
News
NITDA Applauds Election of Dr Bosun Tijani As ITU Vice Chairman
The NITDA management describes Dr Tijani ‘s appointment as historic because it was the first for Nigeria in nearly 50 years.

The National Information Technology Development Agency (NITDA) has applauded the election of Dr Bosun Tijani as Vice Chairman of the International Telecommunications Union (ITU) Council 2025.
Bosun Tijani is Nigeria’s Minister of Communications , Innovation & Digital Economy.
In a statement, the NITDA management describes Dr Tijani ‘s appointment as historic because it was the first for Nigeria in nearly 50 years.
The statement reads:” It’s a testament to your exceptional leadership and Nigeria’s growing influence in shaping the global digital landscape.
Your commitment to digital transformation, aligning with His Excellency President Bola Ahmed Tinubu’s Renewed Hope Agenda, will undoubtedly strengthen Nigeria’s position on the international stage.
NITDA stands ready to offer its full support and collaboration as you embark on this important international responsibility.
We are proud of this achievement, and we look forward to continuing to work closely with you to achieve our shared goals for a digitally empowered Nigeria.”
News
Nigeria: There’s Fire on the Mountain, and no one is a runnin’
It is sad that foreign armed groups are able to overrun the nations’ security apparatus not minding the mind bugling amount of funds voted every year in the nation’s budget on security.

By John Segun Odeyemi
Image credit: Burnt Community in Benue
Until now, I have refrained from writing commentaries about the political landscape of our country, Nigeria.
I have become disenchanted with the downward spiral of the absurdities that have become common place within the political space.
Within the last few days, I have read several articles on the killings in Plateau, Nasarawa and Benue States, and I am convinced to add my voice to the outcry of government’s inability to act proactively in securing the safety of Nigerians from marauding and murdering Fulani insurgents, Boko Haram terrorists and the incessant and now common place kidnapping for ransom.
Anywhere in the world, the first duty of any government is to secure the safety of its citizens in and outside of the country.
It is clear that the government of President Ahmed Bola Tinubu is either incapable or unwilling to tackle the continuous decimation and subjugation of our people.
In most other climes that claim democratic principles, those in leadership should have resigned from office.
Not in Nigeria! Here we glorify ineffectiveness and inefficiencies.
In the epic 2008 song titled, “There is Fire on the Mountain,” by the Nigerian musician who goes by the name Asa, she makes the claim even though this fire is raging, surprisingly, no one is running.
I find two corollaries, one in an old English idiom, and the other in traditional Yoruba oral tradition; for the English, “The proverbial ostrich that buries its head in the sand.
And the Yoruba wisdom, “No one lights a torch and leaves it burning around a thatched roof.”
In both instances, the culprit is inertia or the lack of desire to act in preventing a disaster.
Either of which does not describe, even at the minimal level, a people willing to act fundamentally from a place of common sense!
Unfortunately, when I see the shenanigans, politicians have reduced my country to, I can only conclude we have politicians who have knowingly set a fire to the country.
And we have a citizen who see the fire and refuse to run.Human life is sacred and each individual’s life should be protected.
Sadly, the entire nation seems inured to a culture of bloodletting, savagery and the disposal of human life.
Our social media space is diffused with gory videos and pictures of unthinkable scenes of inhumane accounts of man’s inhumanity and cruelty to other humans.
Anywhere in the world, the first duty of any government is to secure the safety of its citizens in and outside of the country.
More specifically, of brigandry to defenseless communities.
A situation where aggressors over run entire communities, displace the communities and inhabit their homes without re-adjudication or lawful intervention by constituted authority and, or state intervention.
I continue to hear of “insecurity” in the nation when in reality, what we have is the invasion of our sovereignty as a nation.
It is sad that foreign armed groups are able to overrun the nations’ security apparatus not minding the mind bugling amount of funds voted every year in the nation’s budget on security.
One is forced to question the usefulness and functionality of government sponsored and funded state security agencies.
One cannot but wonder why insurgents are better equipped than the nation’s army in arms and intelligence gathering?
Who are the invested players who supply them with arms and ammunition?
How can bandits become so powerful as to brazenly over run our country’s army encampment, capture Nigerian soldiers, take their armored cars and weapons and put all of this on social media?
There are multiple narratives circulating and making the rounds especially on social media.
Unfortunately, there is no way of verifying the authenticity of some of these claims.
Some shadowy entities trace the incessant bloody and extremely violent attacks on a bid, either for the Islamization of the country or Jihad aimed at a land grab in favor of all shades of Fulanis from the Sahel.
Some even make the claim that it is both issues morphed into one.
I find some plausibility at least in the Fulani bid to find a home in Nigeria.
The current governor of Borno state made that claim on national TV. When asked if the Fulanis coming from outside Nigeria are Nigerians.
He blatantly said “Yes.” Immediately, when I encounter political impropriety and lack of diplomacy at this level, my mind goes into a default.
I try to find a matching partner for buffoonery; in this instance, I thought his less- cellency should be sent to Donald Trump’s school of diplomacy and should not be allowed to return without a doctorate.
For far too long, we have behaved like the ostrich, unable to confront, nationally, the real issues we need to confront; our federalism vis-à-vis regionalism, state policing, our current constitution, our so called “democracy”, and the relationship between the North and the rest of the country.
I believe there is enough land and space in the North to accommodate kith and kin from other climes to settle and graze their cattle up north.
Ranching versus grazing and any other animal husbandry is fine as long as your business does not disrupt mine.
But we all know that grazing is intentionally done to destroy people’s hard work on their farms.
We all know it, but we are looking the other way and mumbling the fool’s mantra, “It is well!”
It is not well, and there is no way it will be well, if some psychotic, marauding murderers, rapists, and demented drug addicts are allowed to kill innocent citizens of our country.
We can no longer be silent if we are human and sane.
If the corridors of power are playing politics with our fellow citizens’ property, security and lives, we have a moral obligation to rise up in holy and righteous anger to stump on evil.
Just last week, we witnessed in the United States, how an entire country came out en-masse to protest what was perceived as oligarchy, an affront on the idea of American democracy, which was tagged “No King.”
Why are we unable to hold our politicians accountable? Why is it that it seems we do not understand that they work for us (even though they steal from us all the time!)
If we do not force a change by our action as citizens, knowing that our so-called politicians are only interested in their own welfare; we must then ask ourselves the mother of all questions… pardon me to borrow from Asa again; “…
One day, the river will overflow and there will be nowhere for us to go.
And we will run, run, wishing we had put out the fire.”
When all has been said, we need to all agree as Nigerians, that these killings are too much! If you do not feel this empathy, then know you are a part of the killing spree.
Those who nurture this theater of war are not interested in building a nation or having a viable ecumenical union among religions in our country. it is all about disorder so they can continue to steal and enrich themselves; “… the more you see, the less you understand, Abracadabra!” If we keep quiet, they continue to eat away at the innards of our country and the rest of us, shall be unaware of what our infestation is coming from?
From within, they will polarize our peoples, dislocate the unity of our communities.
From our jaded communities, we help spew hate and hate and more hate. This in turn corrodes our ability to build a unified front.
Our politicians place their lighted touch under a thatched roof and go to bed on their watch.
When the fire starts, where are we going to run? We can douse the fire now if we imagine the conflagration that a burning Nigeria will look like.
∆ John Segun Odeyemi, is a Catholic Priest and assistant professor of Systematic theology at the Institute for Black Catholic Studies, Xavier University of Louisiana.
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