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Tinubu: I came To Help, Not Hurt Nigerians, Economy

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  • Channels N200bn to Foods; Transport N100bn

President Bola Ahmed Tinubu, this evening, vows to improve the welfare and living conditions of Nigerians through his economic reforms, saying, “I plead with you to please have faith in our ability to deliver and in our concern for your well-being.

Tinubu, in his national broadcast on the current economic challenges, assures Nigerians that ” 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.”

He further urges the led, to look beyond the present temporary economic pains and aim at the larger picture ahead , stressing : ” I came here to help not hurt the people and the nation that I love.”

He acknowledged that although Our economy is going through a tough patch and Nigerians are being hurt by it, ” AFTER DARKNESS COMES THE GLORIOUS DAWN.”

Consequently, in order to ensure that foods are available and affordable,  Tinubu has ordered the release of 200,000 Metric Tonnes of grains from strategic reserves to households across the 36 states and FCT to moderate prices.

He said that the government  is also providing 225,000 metric tonnes of fertilizer, seedlings and other inputs to farmers who are committed to our food security agenda.

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.

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.

Investing N100bn on CNG fuel buses
” We have made provision to invest N100 billion between now and March 2024 to acquire 3000 units of 20-seater CNG-fuelled buses.

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.

His words: “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.

” 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.

“All of our good and helpful plans are in the works. More importantly, I know that they will work,” he said.

He explains that the decision by his government to have removed fuel subsidy and the preferential exchange rate system were taken to combat the serious economic challenges this nation has long faced.

” 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.

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.

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.

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.

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.

It also compounded the threat that the illicit and mass accumulation of money posed to the future of our democratic system and its economy.”

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.

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.

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Police begins enforcement on vehicles with covered number plates

Lagos State police public relations officer SP Abimbola Adebisi, in a statement, explained that ,” The exercise will commence today, June 15, 2026, and will be led by the Commissioner of Police,Tijani Fatai.

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The Lagos State Police Command has directed all Area Commanders, Divisional Police Officers (DPOs), across the State to commence enforcement exercise against vehicles with covered, obscured, unauthorised, defaced or no registration number plates.

This was n compliance with the directive of the Inspector-General of Police, IGP Olatunji Disu.

The Command said that the enforcement is aimed at enhancing public safety, strengthening security, and denying criminal elements the opportunity to conceal their identities and activities.

Lagos State police public relations officer SP Abimbola Adebisi, in a statement, explained that ,” The exercise will commence today, June 15, 2026, and will be led by the Commissioner of Police,Tijani Fatai.

He further directed that any vehicle found violating the directive be impounded and subjected to thorough investigation in accordance with extant laws and established procedures.

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DHQ vows justice for slain retd Gen Rabe

Receiving the delegation on behalf of Governor Dikko Radda, Deputy Governor Faruk Jobe thanked the military leadership for the show of solidarity and support.

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Photo: Other members of the delegation included Maj.-Gen. W.B. Idris, Rear Adm. A.H. Haruna, Maj.-Gen. B.P. Koughna, Brig.-Gen. I.M. Ibrahim, Brig.-Gen. S.K. Usman (retd), S.I. Kaita (retd), Maj.-Gen. M.S. Bindawa (retd) and A.Y. Abdullahi.

The Defence Headquarters (DHQ) has assured that those responsible for the death of retired Maj.-Gen. Rabe Abdullahi will be brought to justice.

The assurance was given yesterday when a high-powered military delegation paid a condolence visit to the Katsina State Government.

The delegation, led by the Chief Administration Officer, Defence Headquarters, Maj.-Gen. I.M. Abdullahi, conveyed the condolences of the Armed Forces of Nigeria to the government and people of Katsina State over the death of the retired senior military officer.

Abdullahi described the late Rabe as a distinguished officer whose service and sacrifice to the nation would remain indelible.

He said that the retired general’s death was a painful loss to his family, Katsina State, the Armed Forces and the nation at large.“We share in the grief of the people of Katsina and the family of the deceased.

The Armed Forces will continue to work with relevant security agencies to ensure that those responsible are identified and brought to justice,” he said.

Other members of the delegation included Maj.-Gen. W.B. Idris, Rear Adm. A.H. Haruna, Maj.-Gen. B.P. Koughna, Brig.-Gen. I.M. Ibrahim, Brig.-Gen. S.K. Usman (retd), S.I. Kaita (retd), Maj.-Gen. M.S. Bindawa (retd) and A.Y. Abdullahi.

Receiving the delegation on behalf of Governor Dikko Radda, Deputy Governor Faruk Jobe thanked the military leadership for the show of solidarity and support.

Jobe said the visit underscored the strong partnership between the state government and the military in the fight against insecurity.

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JUNE 12: President Bola Ahmed Tinubu’s Democracy Day Address (Full Speech)

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Nigeria’s President, Bola Ahmed Tinubu has addressed Nigerians following the marking of June 12 Democracy Day today.

The President speaks on economic reforms, and new minimum wage.

Read full speech below:

Fellow Nigerians

Today, we celebrate not only democracy but also the enduring Nigerian spirit. For 27 unbroken years, since May 29, 1999, Nigerians have chosen their leaders through the ballot, witnessed peaceful transitions of power, and resolved disagreements in courtrooms and legislative chambers—not through violence. We have experienced the longest stretch of civilian rule in our history. Our democracy is not perfect, but it is ours, and we must continue to defend and strengthen it.

In the coming days, Ekiti and Osun States will hold elections. I urge INEC, security agencies, and all parties to ensure these polls are peaceful and credible. Democracy fails when citizens doubt the process. To our National Assembly, Judiciary, the Press, and Civil Society: you are the guardrails of our republic. Criticise me, disagree with me, but never stop believing in Nigeria.

To our young people: Nigeria is your home and your future. Build here, code here, work here, and vote here. Every great nation was built by those who stayed to solve problems, not by those who abandoned ship.

To our armed forces, police, and intelligence services: Nigeria salutes your sacrifice. To our traditional rulers, faith leaders, and community heads: thank you for your support of peace and reconciliation. The government cannot do it alone.

Today, we honour the resilience of Nigerians who refused to surrender their faith in freedom, and the courage of those who stood firm against intimidation. We pay tribute to patriots who endured persecution, imprisonment, exile, and even death so that future generations could enjoy democracy. I salute labour leaders, journalists, activists, students, women, professionals, political leaders, and soldiers—both those who have passed and those still with us—for their patriotic contributions.

Though this year’s mood is dampened by the abduction of our children in Oyo and Borno, we remain hopeful for their safe return. Democracy without security is a mirage. That is why this administration declared a security emergency and approved the recruitment of more than 50,000 new police officers and thousands of military recruits. Our 2026 budget commits N5.41 trillion—our largest ever—to defence and security. Our administration is ever ready to do much more to secure our people.

We have moved from training with our allies, the United States, France and other European countries, to precision targeting. In Arege, Borno State, we degraded ISWAP’s command centre. Terror-related deaths are down by 81% since 2015. Over 13,000 terrorists have been neutralised in the past year. But we also keep the door of surrender open. Over 124,000 fighters and dependents have laid down their arms since 2023 through Operation Safe Corridor.

To bandits, kidnappers, and sponsors of terror: Surrender or face the full force of the Nigerian State. These windows of surrender will not remain open forever. No mercy will be shown to those who trade in the blood of Nigerians.

At a time like this, let us not assign blame or point fingers. Crime has no ethnicity. We must stand united and be assured that the enemies of our nation shall soon be history. We will triumph over terror and continue to build a more prosperous nation.

June 12 occupies a sacred place in our national memory. It represents more than an election; it is a defining chapter in our story. We remember Chief M.K.O. Abiola, who won a pan-Nigerian mandate transcending ethnicity and religion. We remember Alhaja Kudirat Abiola.

We also remember Chief Gani Fawehinmi, Chief Bola Ige, Chief Alfred Rewane, Pa Abraham Adesanya, Chief Anthony Enahoro, Alhaji Balarabe Musa, Commodore Dan Suleiman, Dr Beko Ransome-Kuti, Frank Kokori, Arthur Nwankwo, Chima Ubani, Shehu Musa Yar’Adua, and the many other heroes and heroines of democracy whose sacrifices helped secure the freedoms we enjoy today.

As beneficiaries of their struggle, we have a duty to strengthen and deepen the democratic institutions for which they fought. The greatest tribute we can pay is to build a Nigeria where freedom is protected, justice is upheld, opportunity is expanded, and government is accountable.

June 12, 1993, revealed the possibility of a true Nigerian nation. The heroes of June 12 secured political freedom. Our challenge is to secure economic freedom. Democracy must be felt in the quality of people’s lives—in opportunities for youth, in prosperous farmers, successful entrepreneurs, and the dignity of our workers.

The reforms we are undertaking were not chosen for ease, but for necessity. Three years ago, our public finances were under severe strain, investment was discouraged, and economic uncertainty threatened our future. We chose to act, embracing reforms to advance Nigeria’s economic freedom.

Since 2023, our reforms have restored stability and credibility to economic management. Federation revenues have risen, providing states and local governments with more resources for infrastructure, education, healthcare, and security. Fiscal transparency has improved, leakage has been reduced, and public funds are better directed to national priorities. Investor confidence has returned, with investments in agriculture, energy, manufacturing, technology, mining, transportation, and the creative industries growing.

Domestic refining capacity has increased, strengthening energy security and reducing our reliance on imported petroleum products.

By 2023, when we came on board, the electricity sector was characterised by chronic generation shortfalls, an unreliable gas supply, and transmission infrastructure so fragile that it could not evacuate available power. Distribution companies were burdened by massive losses and a metering deficit of over four million. Worst of all, the value chain was drowning in legacy debt. The result was a sector that generated less than the 13,500 Megawatts installed capacity, a sector that transmitted less than it generated, distributed less than it transmitted and collected revenue far below what it needed to sustain itself.

To address the problems besetting the sector, I signed the Electricity Act, which grants states authority to generate, transmit, and distribute power. The Presidential Power Sector Task Force is working hard to reduce the metering deficit. It has also been authorised to raise N4 trillion bond to settle verified legacy debts. The Rural Electrification Agency, supported by the World Bank and the African Development Bank, has deployed off-grid and mini-grid power to underserved communities, universities, markets, and hospitals. Electricity is a democratic dividend we owe every Nigerian. We intend to deliver it.

Across the country, infrastructure projects are connecting producers to markets and creating opportunities for enterprise and employment. The National Agricultural Development Fund is deploying 10,000 tractors over five years. Over 1,000 SMEs have been certified for export. Non-oil exports grew by 21% last year.

Yet, many Nigerians still face economic hardship. We remain focused on reducing inflation, expanding food production, creating jobs, improving living standards, rebuilding confidence in our economy, and creating conditions for sustainable prosperity.

We are moving from uncertainty to stability. The next phase is about accelerating growth and ensuring the benefits are felt in every home, every community, and every region. We believe that Democracy must be felt in the pocket.

Recognising that democracy is undermined when people do not feel its impact, my administration has sought financial autonomy for our 774 local councils. A fundamental challenge to our nation’s advancement has been ineffective local government administration. The insecurity we are addressing is partly due to the collapse of grassroots governance. The Renewed Hope Agenda is about ensuring that all Nigerians benefit from governance.

Every generation has a defining responsibility. The generation of our founding fathers secured independence—the generation of June 12 secured democracy. Our generation must secure prosperity.

Let us move forward together—rejecting division, cynicism, and despair; embracing unity, hope, and confidence. Let us build a Nigeria united by a common purpose, strengthened by diversity, where justice is accessible, liberty is secure, and opportunity is abundant.

Among the architects of modern democratic Nigeria, we honour General Shehu Musa Yar’Adua for his vision of national partnership. In recognition of his contributions, the Federal Government has approved the revitalisation and renaming of the completed Institute of Petroleum Studies, Kaduna, as the General Shehu Musa Yar’Adua University of Geological Sciences and Engineering Technology.

I am also pleased to announce national awards to the following Nigerians, who suffered persecution, endured indignities, exile, incarceration, and, at times, solitary confinement, so that we have democracy today.

Barrister Ayoka Lawani
Tunde Fagbenle
Oladele Alake
Olatunji Bello
Louis Odion
Segun Babatope
Sam Omatseye
Sir Ademola Osinubi
Bola Bolawole
Lade Bonuola
Femi Kusa
Debo Adeniran
Chief Ayo Opadokun
Chief Ralph Obiora 
Ose Osayande
Barrister Osa Director
Prof. Sylvester Odion-Akhaine
Dr Arthur Nwankwo (Posthumous)
Dr Osagie Obayuwana 
Dr Joe Okei-Odumakin 
Barrister Titus Mann 
Joe Igbokwe
Richard Akinnola
Ben Charles-Obi (Posthumous)
George Mbah
Dr Niran Malaolu
Major-General Ishola Williams (rtd)
Femi Aborisade
Jenkins Alumona
Gbemiga Ogunleye
Muyiwa Adekeye
Babajide Kolade-Otitoju
Ike Okonta

We also recognise the soldier-democrats of the June 12 struggle:
Major General MA Garba
Brigadier General Lawal Jaafaru Isa
Col Umar Farouk Ahmed;
Col Sambo Dasuki;
Col Lawan Gwadabe;
Brigadier Jonathan Ndam Temlong
Col Musa Shehu;
Major General Chris Eze;
Major General Harris Dzarma;
Col Isa Jibrin;
Maj. General Joseph Oshanupin;
Col Olusegun Oloruntoba, Olugbede of Gbede Kingdom)
Lieutenant Colonel Happy Kefas Bulus
Col J Okai;
Col Emmanuel Ndubueze;
Lt Col Yakubu Muazu
Brigadier Yahaya Abubakar, the Current Etsu Nupe, who is already the holder of the CFR title.

The honours list will be released in the next few days.

Fellow Nigerians, 27 years ago, many doubted democracy would survive here because of our diversity. Today, our diversity sustains our democracy. The road ahead is steep. But June 12 reminds us: Nigerians do not break. We bend, we bleed, but we do not break.

Let us renew our covenant: That the labours of our heroes past shall never be in vain, and that government of the people, by the people, for the people, shall not perish from this land.

May God bless the heroes of our democracy. May God bless the Federal Republic of Nigeria. May God continue to bless us all.

Happy Democracy Day.

BOLA AHMED TINUBU, GCFR
President and Commander-in-Chief of the Armed Forces, Federal Republic of Nigeria

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