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Inauguration: 7 Key Takeaways From Tinubu’s Inaugural Speech

Published

11 months ago

May 29, 2023

Editor

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.”

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Pop Star Justin Bieber Sparks Concern After Seen Crying Amid Rumours Of Rift With Wife

Published

8 hours ago

April 28, 2024

Editor

Pop sensation Justin Bieber has stirred concern among fans after posting a series of emotional selfies on Sunday, that has been linked to the rumoured split with his wife.

The 30-year-old singer took to Instagram over the weekend to share multiple photo dumps, offering glimpses into various aspects of his life.

From his surprise appearance at Coachella, where he performed during Tems’ set, to moments of leisure such as playing golf, enjoying the beach, smoking, and trying on different trainers, Justin Bieber’s posts provided a look into his world.

It was, however, one particular set of images that garnered significant attention from fans.

In a close-up series of selfies, Bieber appeared visibly distressed, with tears streaming down his face.

The pop star stared solemnly into the camera, his emotions laid bare for all to see, as a single tear rolled down his cheek.

Despite the intimate portrayal of his emotions, Bieber offered no explanation or caption for his tearful display, leaving fans puzzled and concerned about his well-being.

Justin Bieber’s personal life has come under the spotlight since the recent rumors surrounding his marriage to wife Hailey Bieber (neé Baldwin), 27.

The couple, who tied the knot in 2018, has faced speculation about the state of their relationship on multiple occasions.

Concerns were raised recently when Hailey’s father, Stephen Baldwin, 57, requested “prayers” for the couple, fueling speculation about potential marital troubles.

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400 Bodies Found In Mass Grave In Gaza Hospital

Published

1 day ago

April 28, 2024

Editor

The government in Gaza have concluded their search of mass graves at a hospital in the south of the strip and said they have uncovered a total of 392 bodies, including some still wearing surgical gowns.

Speaking at a Thursday news conference at Rafah, on April 25, an official from the Palestinian Civil Defense in Gaza said workers have identified 165 bodies at the Nasser Medical Complex in Khan Younis, following the withdrawal of Israeli forces from the area earlier this month.

According to Mohammed Al Mighayyer, they are still examining the remaining 227 bodies to determine their identities.

“We found three mass graves, the first in front of the morgue, the second behind the morgue, and the third north of the dialysis building,” he added.

The Israel Defense Forces (IDF) said any suggestion that it had buried Palestinian bodies in mass graves was false, and that a grave at the Nasser complex was dug by Palestinians in Gaza some months ago.

The Gaza Civil Defense acknowledged that around 100 bodies were buried in graves at the Nasser hospital before the IDF operation there.

CNN reports that people had buried the bodies of family members who had been killed on the grounds of the hospital as a temporary measure in January but when they returned after the Israeli military withdrew on April 7, they discovered the bodies had been dug up and then placed in at least one collective grave, not all in the initial spots they were buried in.

The Palestinian Civil Defense also showed graphic images on a TV screen at the news conference showing several almost unrecognizable bodies at the complex and bodies of decomposed children.

Al Mighayyer said the Civil Defense “witnessed the presence of children’s bodies in the mass graves at the Nasser Medical Complex, which proves crimes of genocide.” While the group says it is still examining the bodies, they suspect at least 20 civilians were buried alive in the complex, but it did not explain how it knows this, or offer proof.

Al Mighayyer also claimed there had been cases of executions of patients who had been receiving treatment at the hospital. He said several bodies were found with gunshot wounds to their heads and injuries to their bodies.

Al Mighayyer said at the news conference that the Palestinian Gaza Civil Defense in Gaza “discovered torture marks on [some] bodies.” CNN cannot independently verify these claims.

“Israeli forces buried several bodies in plastic bags at a depth of three meters, which made them decompose quickly.”

“The occupation deliberately concealed evidence of its crimes in the Nasser Complex by changing the plastic shrouds more than once,” he claimed. Video recorded by CNN shows bodies wrapped in three different coloured shrouds: white, black and blue.

Amnesty International has also called for an investigation into the mass graves at the two Gaza hospitals.

I’m response, the Israeli Defense Forces, IDF said:“During the IDF’s operation in the area of Nasser Hospital, in accordance with the effort to locate hostages and missing persons, corpses buried by Palestinians in the area of Nasser Hospital were examined. The examination was conducted in a careful manner and exclusively in places where intelligence indicated the possible presence of hostages.”

The IDF continued: “At the end of February, IDF forces conducted a precise and targeted operation against the terrorist organization Hamas in the Nasser Hospital area. During the operation, about 200 terrorists who were in the hospital were apprehended, medicines intended for Israeli hostages were found undelivered and unused, and a great deal of ammunition was confiscated. The activity was done in a targeted manner and without harming the hospital, the patients and the medical staff.”

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Watch Of Richest Titanic Passenger Sells For £1.17m

Published

1 day ago

April 27, 2024

Editor

A gold watch found on the body of the richest passenger on the Titanic was auctioned in England for £1.17 million ($1.46 million) on Saturday.

It was a record sum for an object linked to the notorious 1912 shipping disaster, said auctioneers Henry Aldridge & Son.

A US buyer won the bidding war, smashing the auctioneer’s pre-sale estimate of between £100,000 and £150,000.

The watch, engraved with the initials JJA, belonged to the US business magnate John Jacob Astor.

Astor was 47 when he died as the Titanic sank in the early hours of April 15, 1912. He was reputed to be one of the richest men in the world at the time.

He died after having helped his wife, Madeleine, on board one of the lifeboats. She survived the disaster.

Astor’s body was found a week after the disaster, with the watch among his personal belongings.

“The watch itself was completely restored after being returned to Colonel Astor’s family and worn by his son,” said a statement from the auction house.