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Inauguration: 7 Key Takeaways From Tinubu’s Inaugural Speech

Published

2 years ago

May 29, 2023

President Bola Tinubu, has been officially sworn in as the 16th president of Nigeria amid colourful events and festive mood at the Eagle Square today (Monday).

Tinubu, in his inaugural speech, touched on keynote policies and initiatives that will herald the start of his administration.

Here are seven major takeaways from the President’s speech.

Tinubu reaffirmed that the era of fuel subsidy is gone.

He said, “We commend the decision of the outgoing administration in phasing out the petrol subsidy regime which has increasingly favoured the rich more than the poor. Subsidy can no longer justify its ever-increasing costs in the wake of drying resources.

“We shall instead re-channel the funds into better investment in public infrastructure, education, health care and jobs that will materially improve the lives of millions.

We’ll create jobs, prosperity for youth.

The president emphasized that his administration must create meaningful opportunities for our youth, saying “We shall honour our campaign commitment of one million new jobs in the digital economy.

“Our government also shall work with the National Assembly to fashion an omnibus Jobs and Prosperity bill. This bill will give our administration the policy space to embark on labour-intensive infrastructural improvements, encourage light industry and provide improved social services for the poor, elderly and vulnerable,” he said.

We shall reform security doctrine

Tinubu noted that security shall be the top priority of his administration, because neither prosperity nor justice can prevail amidst insecurity and violence.

He said, “To effectively tackle this menace, we shall reform both our security DOCTRINE and its ARCHITECTURE.

“We shall invest more in our security personnel, and this means more than an increase in number. We shall provide, better training, equipment, pay and firepower.”

We’ll target higher GDP growth

On the economy, Tinubu said he will target a higher GDP growth and to significantly reduce unemployment.

“We intend to accomplish this by taking the following steps: First, budgetary reform stimulating the economy without engendering inflation will be instituted.

“Second, industrial policy will utilize the full range of fiscal measures to promote domestic manufacturing and lessen import dependency.

“Third, electricity will become more accessible and affordable to businesses and homes alike. Power generation should nearly double and transmission and distribution networks improved. We will encourage states to develop local sources as well.

“I have a message for our investors, local and foreign: our government shall review all their complaints about multiple taxation and various anti-investment inhibitions.

“We shall ensure that investors and foreign businesses repatriate their hard earned dividends and profits home,” he said.

We’ll create agricultural hubs across nation

Tinubu said rural incomes shall be secured by commodity exchange boards guaranteeing minimal prices for certain crops and animal products, adding that “A nationwide programme for storage and other facilities to reduce spoilage and waste will be undertaken.

“Agricultural hubs will be created throughout the nation to increase production and engage in value-added processing. The livestock sector will be introduced to best modern practices and steps taken to minimize the perennial conflict over land and water resources in this sector.

“Through these actions, food shall be made more abundant yet less costly. Farmers shall earn more while the average Nigerian pays less.”

Monetary policy needs thorough housecleaning

President Tinubu noted that the monetary policy needs thorough housecleaning, saying the Central Bank must work towards a unified exchange rate.

“This will direct funds away from arbitrage into meaningful investment in the plant, equipment and jobs that power the real economy.

“Interest rates need to be reduced to increase investment and consumer purchasing in ways that sustain the economy at a higher level.

“Whatever merits it had in concept, the currency swap was too harshly applied by the CBN given the number of unbanked Nigerians. The policy shall be reviewed. In the meantime, my administration will treat both currencies as legal tender,” he said.

Our foreign policy objective is peace, stability

Tinubu said, “Given the world in which we reside, please permit a few comments regarding foreign policy.

“The crisis in Sudan and the turn from democracy by several nations in our immediate neighbourhood are of pressing concern.

“As such, my primary foreign policy objective must be the peace and stability of the West African subregion and the African continent. We shall work with ECOWAS, the AU and willing partners in the international community to end extant conflicts and to resolve new ones.

“As we contain threats to peace, we shall also retool our foreign policy to more actively lead the regional and continental quest for collective prosperity.”

Headline

David Lammy Appointed UK’s Deputy PM

Published

1 hour ago

September 5, 2025

Editor

Prime Minister Keir Starmer has announced a major cabinet reshuffle following the resignation of Deputy Prime Minister Angela Rayner, in a move that could reshape the direction of his administration.

As part of the shake-up, David Lammy, a senior Labour figure and former Foreign Secretary, has been appointed Deputy Prime Minister and Justice Secretary, taking over key roles previously held by Rayner.

The cabinet reshuffle comes at a politically sensitive time for Prime Minister Keir Starmer, whose leadership is under growing pressure from both within the Labour Party and the broader electorate.

The sudden resignation of Angela Rayner, a high-profile figure with strong working-class support, has exposed internal tensions and sparked concerns over the party’s unity and electoral strategy.

According to BBC News on Friday, the reshuffle is seen as a crucial test for Starmer’s leadership, especially as Rayner had been a prominent and working-class figure whose departure may weaken his appeal to core Labour voters.

Key Cabinet reassignment

-Lammy transitions from Foreign Secretary to Deputy PM and Justice Secretary.

-Yvette Cooper moves from Home Secretary to Foreign Secretary.

-Shabana Mahmood is promoted from Justice Secretary to Home Secretary.

Other notable appointments include:

-Steve Reed as Housing Secretary

-Pat McFadden as head of a newly expanded Work and Pensions department

-Douglas Alexander as Scotland Secretary

-Liz Kendall moves to Science and Technology

-Emma Reynolds becomes Environment Secretary

-Peter Kyle appointed Business Secretary

-Jonathan Reynolds named Chief Whip

-Alan Campbell becomes Leader of the House of Commons

Meanwhile, Lucy Powell and Ian Murray were removed from their cabinet roles.

Political Fallout and Internal Tensions

Labour now faces mounting political pressure. Observers note Rayner’s exit leaves a vacuum for constituents drawn to her working-class credentials, possibly intensifying internal party divisions.

Her resignation also triggers a deputy leadership contest, opening up a battleground between the party’s centrist and left-leaning factions.

Moreover, Labour’s popularity has waned, with opposition to policies on welfare and immigration increasing support for Reform UK.

Starmer’s government’s handling of economic pressures and an upcoming £40 billion budget shortfall deepen the political stakes.

Lammy Steps into Key Role at a Crucial Juncture

Lammy’s appointment is viewed as strategically significant. Known for his reform credentials and advocacy for criminal justice reform, his new position comes as Parliament prepares for the Sentencing Bill.

The Prison Reform Trust welcomed his appointment, noting the timing offers “an important opportunity to move away from the failed cycle of overcrowding and crisis management.”

This reshuffle represents a pivotal moment in the evolution of Keir Starmer’s administration. With Labour under heightened scrutiny and internal frictions rising, the effectiveness of the newly configured cabinet will be a litmus test of Starmer’s leadership, particularly as the party approaches a difficult budget season, rising populist pressures, and internal power shifts ahead of the next deputy leadership election.

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Nigerian Arrested In Poland For Using Fake Residence Permit

Published

2 hours ago

September 5, 2025

Editor

Polish authorities have confirmed the arrest of a 26-year-old Nigerian citizen on charges of using a counterfeit residence document.

The individual was detained by the Polish Border Guard, known as Straż Graniczna, as part of ongoing efforts to combat irregular migration and document forgery.

This information, which was obtained by PUNCH Online on Friday, was published on the Border Guard Headquarters’ news outlet on Thursday, September 4, 2025.

The BG HQs of Poland is the central unit which services the Border Guard Commander in Chief by supporting and coordinating actions of the BG units.

The report indicated that, “the Nigerian man admitted that he ordered the document online while still in the UK, received it by post, and paid €2,000 for it.

“It turned out that the Nigerian had no legal basis for staying in Poland as he had been in the country illegally for four days.”

Consequently, the Commander of the Border Guard ordered him to leave the country within 20 days and imposed a three-year ban on entry to the Schengen Area.

In addition, he was charged under Article 270 § 1 of the Penal Code – for using a counterfeit document.

The man pleaded guilty and voluntarily submitted to the penalty, but declined to provide further explanation.

According to sources specialising in immigration law, many individuals who use these fake documents are victims of elaborate scams.

As one legal expert noted in a report, “Until the situation was clarified, Ibrahim was detained in prison.”

Law enforcement agencies across Poland have been actively working to dismantle these criminal networks.

A recent, large-scale operation supported by Europol led to the arrest of dozens of suspects and the seizure of thousands of counterfeit documents, including residence permits, visas, and other identification.

Headline

US To Cut Military Aid To European Countries Near Russia — Official

Published

2 hours ago

September 5, 2025

Editor

The United States is to end long-running military assistance for European countries close to Russia, as it pushes the continent to play a greater role in its own defence, an official in one of the countries confirmed on Friday.

“Last week, the US Defense Department informed the countries that, starting from its next financial period, funding will be reduced to zero,” the defence policy director in Lithuania’s defence ministry, Vaidotas Urbelis, told reporters.

The decision comes as US President Donald Trump struggles to end Moscow’s three-and-a-half-year invasion of Ukraine.

Urbelis confirmed reports in The Washington Post and The Financial Times, citing unnamed officials saying the move was part of Trump’s efforts to cut US expenditure abroad.

The FT said US officials had told European diplomats last week that Washington would no longer fund programmes to train and equip eastern European militaries along Russia’s border.

The Washington Post said the funding to be cut was worth several hundred million dollars.

In Lithuania’s case, the cuts would impact “the purchase of US weapons and other equipment, and training”, Urbelis said.

He added that it “will not have an impact on the US troop presence in the region”, which was funded through a separate US budget allocation.

A White House official said the move hewed to a January executive order Trump had signed that reevaluated US foreign aid.

“This action has been coordinated with European countries in line with the executive order and the president’s longstanding emphasis on ensuring Europe takes more responsibility for its own defence,” the official said on condition of anonymity.

Trump has long been sceptical of both US defence spending in Europe and aid for Ukraine, pushing some of Washington’s closest allies to play a greater role on both fronts.

The Lithuanian defence ministry official said that the US funding for training and equipping its military covered between a third and 80 percent of total military aid received by the country.

Estonia’s Defence Minister Hanno Pevkur told the Postimees daily that he viewed the US move as “especially symbolic, in a negative way.

AFP