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BREAKING NEWS: Hardship: Tinubu announces economic rebound

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President Bola Tinubu has announced that Nigeria’s economy is gradually making a rebound, attributing the progress to sustained reforms being implemented by his administration across various sectors.CONTINUE FULL READING>>>>>

The President stated this in Yenagoa, Bayelsa State on Thursday in his keynote address at the opening ceremony of the All Nigerian Editors Conference.

Speaking through the Minister of Information and National Orientation, Mohammed Idris, Tinubu stated that he has spent the past eighteen months establishing the groundwork for his vision of a prosperous Nigeria.

“I am pleased to let you know that through our sustained reforms, we are witnessing our economy gradually making a rebound on the most important foundational level. Today, our debt service to revenue ratio has come down drastically from almost 100% to about 65%.

“The last eighteen months have been spent laying the foundation for this compelling vision of a prosperous Nigeria. That is what the Renewed Hope Agenda is all about – rekindling the faith and hope of all Nigerians in the ability of their country to flourish and to in turn provide an environment that allows everyone in it to flourish just as much.

“But we realise that there are some major obstacles standing in the way of the full unleashing of Nigeria’s abundant potentials. And we have spent time and energy and focus boldly tackling these.

“Two of the most significant are very well known to you: a ruinous fuel subsidy regime that deprived us of billions of dollars annually that could be going into investments in critical physical and social infrastructure, and a foreign exchange regime that was prone to unimaginable levels of arbitrage and abuse. Like the fuel subsidy, another needless drain on our limited national resources, and a cap on our ability as a nation to reach full potential,” he said.

He stated that, as a result of the reforms, revenue for all three tiers of government – Federal, State, and Local – has grown significantly, which has enabled greater investment in social services, infrastructure development, and social security.

The President noted that the Supreme Court’s decision to grant local government autonomy, following a suit filed by the Federal Government, was aimed at strengthening governance at the local level and fostering grassroots development.

LAddressing the theme of the conference, “Economic Growth and Development Strategies in a Resource-Rich Country,” President Tinubu stated that the longstanding question of how Nigeria can transform its vast resources into meaningful growth and development has driven his vision for a nation that fulfills its potential.

He emphasized his commitment to a Nigeria where no citizen is left behind in poverty or disease and that commands respect on the global stage.

“A new minimum wage of N70,000 has taken off across all federal government establishments, with many of the state governments committing to implementing same. Over 46,000 students are benefiting from the Nigerian Education Loan Fund across 59 tertiary institutions with a disbursement of over N5 billion. The first batch of 500,000 civil servants is set to become beneficiaries of the Consumer Credit Scheme with the release of N100 billion.

“While oil remains a significant source of revenue for Nigeria, we are investing heavily in other sectors to diversify our economy for sustainable growth. The launch of the Presidential Initiative on CNG is a deliberate strategy to harness our abundant gas resources to bring down the high cost of transportation by about 60% and also foster a clean and healthy environment for our citizens. This initiative has unlocked close to $200 million in private sector investments in the last one year,” he said.

Tinubu outlined several key initiatives being implemented by his administration to provide economic relief to Nigerians such as the Presidential Loans and Grants Scheme, the Consumer Credit Corporation Initiative, the Renewed Hope Housing and Estates Initiative, the Renewed Hope Infrastructure Development Fund, and the Presidential Unlocking Health Value Chains Initiative, among others.

He said each one of the initiatives is designed to be a targeted intervention that will deliver sustained results in the lives and livelihoods of tens of millions of expectant Nigerians.

While hailing the media for its dedication to nation-building, particularly in supporting Nigeria’s enduring democracy, Tinubu emphasized that the roles of government and the media are closely linked, both vital to serving the public interest.CONTINUE FULL READING>>>>>

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Karoline Leavitt says. ‘The Black Voters Turned Out For Trump In Numbers, We Have Never Seen That Before’

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Karoline Leavitt, the Trump 2024 National Press Secretary, has emphasized the encouraging developments in states like Georgia and North Carolina, pointing out that President-elect Donald Trump achieved historic wins among Hispanic voters and witnessed historically high Black voter turnout. She credited Trump’s strong work ethic and the campaign’s ground game’s unwavering efforts for this victory.CONTINUE FULL READING>>>>>

She stated that the election results marked what she called “the greatest political comeback in American history,” showcasing Trump’s ability to rally support even amid significant challenges. She also underscored the adversity Trump has faced during his campaign, asserting that he has encountered obstacles unlike any other political candidate in history.

She said in an interview with Fox News, ‘It was an incredible night for President Trump and our team. When we saw the returns from Georgia and North Carolina, and just the trends across the country, President Trump picking up historic gains with Hispanic Americans. The Black voters turned out for Trump in numbers, we have never seen that before. We felt very good that all of our hard work, our ground game, and President Trump’s work ethic and determination ultimately won. Last night, the world witnessed the greatest political comeback in American history. And throughout this campaign, our boss, President Trump, has faced more adversity than any candidate to ever run for office.

They tried to imprison him; they forced him to take a mugshot; they tried to remove his name off the ballot; they forced him to sit in a dirty courthouse for six weeks. Two people even tried to kill him, for goodness’ sake. And what the American people see in Donald Trump is clear: a leader who, even in the darkest of times, is going to lift his fist in the air and say, ‘Fight, fight, fight for this country.’ And President Trump last night didn’t just defeat Kamala Harris; he defeated the Big Tech oligarchs who have tried to censor him.”CONTINUE FULL READING>>>>>

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Nigerian Reacts After Tinubu congratulates Donald Trump on his successful re-election

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As the 47th President of the United States, President Bola Tinubu congratulated President Donald Trump on his reelection. Tinubu expressed hope that the two countries will fortify their economic relations, cooperate to advance peace, and address global issues that affect their citizens in a statement issued by Bayo Onanuga, Special Adviser to the President on Information and Strategy.CONTINUE FULL READING>>>>>

His words: “President Tinubu looks forward to strengthening the ties between Nigeria and the United States amid the complex challenges and opportunities of the contemporary world.

“President Tinubu says, “Together, we can foster economic cooperation, promote peace, and address global challenges that affect our citizens.”

“According to President Tinubu, Trump’s victory reflects the trust and confidence the American people have placed in his leadership. He congratulates them on their commitment to democracy.

 

 

“President Tinubu believes that, given President Trump’s experience as the 45th president of the United States from 2017 to 2021, his return to the White House as the 47th president will usher in an era of earnest, beneficial, and reciprocal economic and development partnerships between Africa and the United States.

“Acknowledging the United States’ influence, power, and position in determining the trend and course of global events, the Nigerian leader trusts that President Trump will bring the world closer to peace and prosperity”.CONTINUE FULL READING>>>>>

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as police disperse Ikwerre council workers with teargas, scores injured, Rivers LG crisis thickens

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On Monday, police officers used tear gas and gunshots to scatter local government employees who had congregated to begin work in Isiokpo, the administrative hub of the Ikwerre Local Government Area (LGA) in Rivers State. After months of closure, the National Union of Local Government Employees (NULGE) ordered employees to return to the council’s facilities, which led to the unanticipated altercation…. CLICK TO READ THE FULL NEWS HERE▶️▶️

Reports indicate that numerous police patrol vans stormed the Ikwerre council secretariat “commando style,” discharging rounds of gunfire and launching teargas to forcefully clear the premises. Witnesses recounted the sudden eruption of violence, which threw workers into a panic, with many fleeing into nearby bushes or scrambling for cover to escape the scene. The incident reportedly left multiple workers injured, including two women who fainted while attempting to evade the unrest.

 

 

The tense standoff followed an earlier attack on the council offices by suspected political thugs after local elections. Ikwerre LGA, alongside two other councils in the state, suffered severe damage and was subsequently shut down to prevent further violence. The reopening of the council headquarters had been under strict surveillance, given the risk of renewed arson or property destruction.

An eyewitness, who preferred to remain anonymous for personal safety, described the distressing scene. “This morning, NULGE instructed members to resume work at Ikwerre LGA. But over 100 armed policemen arrived, and suddenly they started shooting and firing teargas everywhere. Workers, women—everyone was running. Two women slumped, and the police initially blocked any medical help from reaching them,” he said.

According to The PUNCH reports, An eyewitness told our reporter that scores of workers, including two women, were injured while trying to escape from the scene of the shooting, adding that many fled into nearby bushes for safety. “While we were there, we saw more than 100 policemen fully armed. And they started shooting and firing teargas everywhere, workers, women and everybody started running.”

Confirming the incident, the Chief of Staff for Ikwerre LGA, Richard Henry, expressed concern over the police’s actions, noting that some workers fled into nearby bushes to escape injury. He condemned the police operation, calling it unwarranted, as the matter of the arson was already under investigation by the Rivers State Judicial Commission of Inquiry. “This was unnecessary. Our mothers and youths who were there got injured. The inquiry is still ongoing, yet the police teargassed everyone. We will not stand for this treatment,” he said.

In response, the Rivers State Police Command acknowledged its presence at the Ikwerre council premises but defended its actions, saying they were necessary to maintain law and order. Grace Iringe-Koko, the spokesperson for the police command, noted that the Ikwerre secretariat had been ordered closed due to the severe damage it sustained from the earlier attacks. She explained that the police were summoned when a large group of over 300 individuals allegedly forced entry through the main gate, intending to either loot or cause further damage.

Iringe-Koko remarked, “The officers at the scene were there to maintain law and order. Some people tried to break into the council premises, and our men had to act swiftly to disperse them and prevent any damage to public property.”CLICK TO READ THE FULL NEWS HERE▶️▶️

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