Key highlights and data points from President Tinubu's Independence Day speech

 

Tinubu calls for patience, says there’s light at end of tunnel. President Bola Tinubu has again called on Nigerians to be patient saying the economic reforms put in place by his administration will soon yield fruits. The president who stated this in his Independence Day speech to the nation on Tuesday, stated that he was not unmindful of the hardships Nigerians were going true.

He also stated that when he came to office 16 months ago, the economy faced many challenges, and he had to take some tough decisions. As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development. 

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

2. "We inherited a reserve of over $33bn 16 months ago"

3. "We have paid back the inherited forex backlog of $7bn"

4. "We have cleared the ways and means debt of over N30trn"

5. "We have reduced the debt service ratio from 97% to 68%"

6. "We have managed to keep our foreign reserve at $37bn"

7. "We have elimination of over 300 Boko Haram and bandit commanders in one year"

8. "We approved a Disaster Relief Fund to mobilise private and public sector funds to help us respond faster to emergencies"

9. FG has ordered integrity tests of all dams in the country to avert future disasters.

10.  The FG is ready to assist the thirty-six states and FCT in acquiring CNG buses for cheaper public transportation. 

11. "We have enthusiastically implemented the Nigerian Education Loan Fund (NELFUND)"

12. The government will soon announce all the beneficiaries of national honours for 2024

13. The government will convene a 30-day national youth conference to address issues such as education, employment, and security.