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Inauguration: 7 Key Takeaways From Tinubu’s Inaugural Speech

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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.

READ ALSO: Tinubu ‘ll Unveil Cabinet Within 60 Days – Faleke

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“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.

READ ALSO: Fuel Subsidy Removal: Labour Leaders React To Tinubu’s Inaugural Speech

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“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.

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“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.

READ ALSO: Address Insecurity, Unite Nigerians, Ex-lawmaker Advises Tinubu

“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.

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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.

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“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.”

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Man Stabs Four To Death In US

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Four people, including a teenage girl, were killed and at least five injured after a man went on a stabbing spree at multiple addresses in the US state of Illinois, police have said.

The stabbings took place on Wednesday afternoon, Rockford City Police said in a statement, adding that a 22-year-old suspect was taken into custody.

The statement did not say anything about a possible motive.

Rockford is located about 90 miles northwest of Chicago.

READ ALSO: Gender Balancing: Tellthatstory Empowers Women In African Storytelling

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Those killed included a 15-year-old girl, a 63-year-old woman, and two men aged 49 and 22, according to the police.

The police statement said that five people had been wounded, but US media later cited the police saying seven were wounded.

Details later

AFP

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[JUST IN] Okuama Killings: Army Declares Eight Persons Wanted [FULL LIST]

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The Nigerian Army has declared Eight persons wanted in connection with the killing of 17 soldiers in the Okuama community in Delta state.

The Nigerian Army disclosed this on its official X account on Thursday.

The persons declared wanted include seven men and one woman.

Full list:

They are Akevwru Daniel Omotegbono, Prof Ekpekpo Arthur, Andaowei Dennis Bakriki, Igoli Ebi (female), Akata Malawa David, Sinclear Oliki, Clement Ikolo Oghenerukevwe and Reuben Baru.

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Okuama killings: Background
The suspected mastermind of the bloodbath, a militant leader, and his gang members, who are currently on the run, seem to have their operational stamping ground at Igbomotoru, a riverside community in the Southern-Ijaw Local Government Area of Bayelsa State.

However, the Nigerian Army, which has spread its dragnet for the fleeing suspects, went as far as Port-Harcourt, Rivers State, to pick up three persons, last Tuesday, in connection with the killing of the soldiers.

READ ALSO: Delta Killings: Military Sets To Build Barracks On Okuama As Demolition Of Houses Continues

So far, the demanding search for the killers of the soldiers in the quiet Okuama has spread to the creeks, hideouts, and communities in Delta State, Bayelsa, and Rivers states, and is likely to extend to other states in the Niger-Delta, and outside the region if need be, according to sources.

According to VANGUARD, many believe the killing of the soldiers was beyond the land dispute between Okuama and Okoloba in the Bomadi local government area, as insiders point to divergences on oil bunkering.

Lt. Col Ali was reportedly bent on stopping oil thieves in his operational area and had made appreciable inroads. There was suspicion that his killing with other military personnel could be a setup.

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We know who did it – General Musa, CDS

The Chief of the Defense Staff, CDS, General Christopher Gwabin Musa, who had given his troops marching orders to track down the killers, alluded to this notion.

Musa said: “I know him, the C.O himself, Lt. Col. Ali. Because of recent, we emphasized that we want oil production in Nigeria to increase so that we will be able to have enough foreign exchange for things to go down. Because we all know the challenges we are facing.

READ ALSO: Okuoma Ambush: Troops Recover Decomposing Hearts Of Killed Soldiers

“And so, he insisted that all illegal activities within his general area must stop. He directed all the troops and they were stopping illegal bunkering, and then these are the people benefiting from it. And so when this issue came up, it became an opportunity for them to do away with him, which is exactly what happened.

“We know who did it, we are following up on him, and it is just a matter of time, we are sure we are going to get him. They took away our arms, we must get those arms back, and we must get these guys so that they would be prosecuted accordingly.”

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From our findings, the countryside people of Okuama are not sophisticated enough to carry out this kind of attack on military officers.

And from the CDS declaration that “we know who did it..,” he confirmed that the premeditated killing was connected to oil bunkering, so why did the troops go after helpless Okuama women and children, and even razed the community?

However, the Army, on Friday, admitted knowledge of the viral video by a militant leader who confessed to participating in killing the 16 soldiers.

It noted: “The video among other things helps to narrow investigation to persons of interest and their cohorts.

“Accordingly, the state governments and host communities of these personalities are required to assist investigation in flushing out these culprits.

“There can be no hiding place for perpetrators of such dastardly act against the nation. This is a clarion call to duty by members of those communities and the state governments”.

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Iran Sentences Police Officer To Death For Killing Protester

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An Iranian court has sentenced a police chief in northern Iran to death after he was charged with killing a man during mass protests in 2022, local media reported Wednesday.

Local police chief Jafar Javanmardi was arrested in December 2022 over the killing of a protester during the widespread demonstrations sparked by the death of Mahsa Amini in custody.

Iranian Kurd Amini, 22, died in custody in September that year following her arrest for allegedly violating the country’s strict dress code for women.

READ ALSO: Tinubu Orders Army To Pay Slain Soldiers’ Benefits Within 90 Days

Javanmardi was sentenced to death “in accordance with the Islamic law of retribution, known as the ‘qisas’ law, on the charge of premeditated murder”, the lawyer for the victim’s family, Majid Ahmadi, told the reformist Shargh daily.

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The protestor, Mehran Samak, 27, succumbed to injuries he sustained after being hit by shotgun pellets during a rally in the northern city of Bandar Anzali on November 30, 2022.

Rights groups based outside of Iran said Samak was shot dead by Iranian security forces after honking his car horn in celebration of Iran’s loss to the United States in the 2022 World Cup held in Qatar while at the Amini protest.

READ ALSO: Tinubu Appoints Coordinator For Centre For Control Of Small Arms

The defeat eliminated Iran from the football tournament and drew a mixed response from government supporters and opponents.

The lawyer, Ahmadi, said at the time that the police official was charged with “violating the rules for firearms usage, resulting in the death of Samak”.

In mid-January, the judiciary’s Mizan Online website said the Supreme Court had annulled a death sentence and referred the case to another court.

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Gilan province, where Bandar Anzali is located, was a flashpoint of the nationwide protest movement that shook Iran.

Hundreds of people were killed during the months-long protests, including dozens of security forces, while thousands were arrested and nine men were executed in cases linked to the demonstrations.

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