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Tinubu pledges to reposition Nigeria’s economy
Bola Tinubu, the Presidential Candidate of the All Progressives Congress (APC), on Thursday promised entrepreneurs that if elected he would reposition Nigeria for greater opportunities and development of its citizens.
He also promised to work towards creating and enhancing the security situation in the country to allow entrepreneurs to have an enabling environment to do their businesses.
Tinubu made the pledge at a business luncheon with business owners in Lagos.
The luncheon, entitled “Business Forward”, was held at the “Wings“ located on Victoria Island.
On the issue of fuel subsidy, he said if elected he would take bold decisions that would turn the nation’s economy around.
He said: ‘Nigeria will not continue to subsidise fuel consumption in neighbouring countries.
“How can we be subsidising fuel consumption of Cameroon, Niger, and Benin Republic? No matter how long you protest, we are going to remove the fuel subsidy.
“First, the primary responsibility of government is to protect the lives, property and prosperity of its citizens.
He said as governor of Lagos State, fixing the difficult security situation at that time was his first priority.
“Only after we secured the state and changed its reputation for the better, could we embark on the economic reforms that have ultimately produced the vibrant and active megacity of today.
“I am committed to securing Nigerians from violence and the fear of such violence, terror, kidnapping and banditry have no place in the society I envision,“ he said.
Tinubu told his audience that upon assuming office as president, he would move to implement several measures.
“We will increase the numbers of our military and non-military security forces and specialist anti-terrorist battalions would be established.
“Our Critical National Infrastructure Protection Plan will deploy aerial and ground surveillance technology to survey the most dangerous areas and secure our country’s vital national infrastructure and installations.
“We shall acquire and upgrade the tactical communications and mobility of our troops and security personnel.
“We must also devote greater attention to the care and welfare of our military and security forces who put themselves in harm’s way to keep us safe.
“In summary, our objective is to be able to out-manouvre outwit and outflank the terrorists and criminal groups. They want to defeat our democratic and good society. We shall defeat their evil one.
“As we fight insecurity, we must deal with our economy at the same time. We know that business and insecurity cannot thrive side-by-side,” Tinubu said.
He said his government would give room to allow the private sector to thrive by not interfering in their various businesses but be open for collaboration.
According to him, where the private sector is doing well, his government will not interfere.
“Our guiding principle regarding economic policy shall be to provide the right policy framework so that business can flourish.
“I want to do more than help existing businesses to exist. We must create the space where new sectors and lines of business can open.
“We must grow this economy so that it can accommodate over 200 million people with a decent standard of living.
“Part of the virtuous economic cycle we seek to create is to collaborate with the private sector to bring about massive infrastructural renewal.
“This will enhance economic opportunities, lower business cost and overheads while producing jobs that spur further growth and development through increased consumer demand,” Tinubu said.
On their part, the business entrepreneurs at the luncheon raised issues around education, healthcare development, electricity, investment climate, multiple exchange rates and prevailing oil subsidy, asking how Tinubu would deal with the challenges.
Responding, Tinubu said his aim was to develop local manufacturing and value-added businesses, deepen consumer lending, increase affordable housing and provide business owners with low-cost loans to modernise operations and improve productivity.
“We shall not be afraid to regulate wisely. We cannot allow instances like the collapse of FTX to happen here.
“We must protect businesses, consumer and investor confidence in equal proportion and improve the nation’s power sector which is critical to any economic development and strengthen the health sector,” Tinubu said
The News Agency of Nigeria (NAN) reports that the APC presidential candidate was joined by Gov. Babajide Sanwo-Olu of Lagos State, Group Chief Executive Officer of Oando Plc, Wale Tinubu and a former House of Representatives Speaker, Dimeji Bankole.
Others were former commissioners in Lagos State, Yemi Cardozo, Dele Alake and former EFCC Chairman, Nuhu Ribadu, among others.
Headlines
Tanker explosion kills driver, injures 1 in Ibadan
A tanker loaded with Premium Motor Spirit (PMS) has exploded, killing its driver and injuring one other person in Ibadan.
Mr Yemi Akinyinka, General Manager (GM), Oyo State Fire Service Agency, confirmed the incident in a statement made available to newsmen on Wednesday in Ibadan.
He explained that the tanker lost control, rammed into two other trucks, and somersaulted into a nearby pit before bursting into fire.
The GM said the incident resulted in the death of the tanker driver and injured the motor boy.
“The incident happened around Fijabi House, Agbowo, Ojoo/Iwo Road Expressway.
“The agency received a distress call about the fire incident at exactly 2.45 a.m. through a telephone call.
“The service swiftly deployed personnel to the scene and curtailed the fire from spreading to the nearby residential area.
“On arrival, we met three trucks of 20-metre distance from one another involved in the fire incident,
“The driver was burnt to death while the motor boy was rescued alive and taken to the University College Hospital (UCH), Ibadan, for treatment,” he said.
Akinyinka stressed that the tanker was utterly destroyed by the fire while the other two trucks were rescued by the agency’s personnel.
“The agency’s Director of Operations, Mr Ismail Adeleke with team members, the police, and some other security agencies were at the scene to prevent a breakdown of law and order,” he said.
Headlines
Jigawa govt approves N250m to combat malnutrition
The Jigawa government has approved N250 million matching fund for procurement of Ready to Use Therapeutic Foods (RUTF) to combat malnutrition in the state.
The Commissioner for Information, Youth and Sports, Mr Sagir Musa stated this while briefing journalists at the end of the State Executive Council (SEC) meeting, on Wednesday in Dutse.
He said the gesture was in furtherance of the agreement between the state government and the United Nations Children’s Fund (UNICEF).
“Furthermore, in the administration’s effort to strengthen health insurance scheme, the council approved the inclusion of political office holders into the scheme.
“This was provided by the Jigawa State Contributory Health Management Agency (JICHMA) Law No. 02 – 2024, as amended, with a view to improve the universal health coverage in the state and Nigeria at large,” he said
His reiterated commitment of the Umar Namadi administration to combat malnutrition and healthcare service delivery in the state.
The commissioner said the council also approved N3.36 billion loan to the state Pilgrims Board, to enable it to pay for the reservation of 400 Hajj seats for intending pilgrims of the state.
Musa said the approval was in line with council’s satisfaction with the timely refund of N2.2 billion loan granted to the board in 2024.
Headlines
NSCDC arrests 5 suspected vandals in A’Ibom,
The Nigeria Security Civil Defence Corps (NSCDC), Akwa Ibom Command, says it has arrested five suspected vandals for vandalising public infrastructure in the state.
The State Commandant of the corps, Mr Bashar Hussaini disclosed this in an interview with the News Agency of Nigeria (NAN), Uyo on Wednesday.
Hussaini said the suspects were arrested within the month, for vandalising electric cables and roofing sheets in public places.
According to him, three of the suspects were arrested for vandalising aluminium roofing sheets at international market in Itam, while the other two were nabbed for vandalising electric cables.
“As the leading agency in protection of critical infrastructure, we have deployed our men to all flashpoints and strategic places in the state to ensure that vandalism is brought to the barest minimum.
“This is to ensure our swift response in case of any report. We don’t have to wait until they come to us in the command. Our projection is to ensure that we meet up with our crime mapping.”
The commandant noted that it was worrisome that government would spend huge resources in providing infrastructure for the benefit of citizens, only for hoodlums to vandalise them for their selfish interest.
He said that the command would henceforth not only target the vandals, but also those who patronise them, adding that this would help to curb the menace.
“The corps is taken vandalism of government critical infrastructure very serious, and we are looking forward to receiving information from the public to help us protect the infrastructure for the benefit of all citizens.
”Those we have arrested already will be prosecuted to serve as deterrent to others,” he said.
Hussaini reiterated the commitment of the command to tackling vandalism head-on, and making the state uncomfortable for vandals and criminal elements.
He added that the command, would continue to deploy intelligence and community based approach to security since the initiative was yielding positive results.
He called on residents to partner with the corps on timely dissemination of information of criminal activities in their communities for prompt action.
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