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Inauguration: 7 Key Takeaways From Tinubu’s Inaugural Speech

Published

2 years 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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US Suspends Work Visas For Nigerian, Foreign Truck Drivers

Published

2 hours ago

August 23, 2025

Editor

The United States government has suspended the issuance of work visas for Nigerian and other foreign truck drivers, citing job security concerns and safety risks for American citizens.

Secretary of State Marco Rubio announced the decision on Thursday, saying it takes immediate effect.

According to him, the rising number of foreign truck drivers on U.S. highways is both threatening lives and reducing opportunities for American truckers.

“Effective immediately, we are pausing all issuance of worker visas for commercial truck drivers.

“The increasing number of foreign drivers operating large tractor-trailer trucks on U.S. roads is endangering American lives and undercutting the livelihoods of American truckers,” Rubio said.

The move comes under President Donald Trump’s renewed clampdown on immigration since returning to office in January 2025.

As part of new measures, travellers from countries with high visa overstay rates or weak travel databases will be required to pay a bond of $5,000 to $15,000 before obtaining certain categories of visas.

The U.S. Embassy in Nigeria also directed all visa applicants to disclose their social media handles from the past five years, warning that failure to comply could result in denial of applications and possible ineligibility for future visas.

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Judge Orders Closure Of Trump’s Controversial ‘Alligator Alcatraz’ Migrant Camp

Published

14 hours ago

August 22, 2025

Editor

A US federal judge on Thursday barred the Trump administration and Florida state government from bringing any new migrants to the detention centre known as “Alligator Alcatraz” and ordered much of the site to be dismantled, effectively shuttering the facility.

Florida’s government swiftly announced it would appeal the decision.

The detention centre was hastily assembled in just eight days in June with bunk beds, wire cages and large white tents at an abandoned airfield in Florida’s Everglades wetlands, home to a large population of alligators.

President Donald Trump, who has vowed to deport millions of undocumented migrants, visited the centre last month, boasting about the harsh conditions and joking that the reptilian predators will serve as guards.

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Japan City Mulls Two-hour Daily Smartphone Limit

Published

15 hours ago

August 22, 2025

Editor

A Japanese city will urge all smartphone users to limit screen time to two hours a day outside work or school under a proposed ordinance that includes no penalties.

The limit, which will be recommended for all residents in central Japan’s Toyoake City, will not be binding, and there will be no penalties incurred for higher usage, according to the draft ordinance.

The proposal aims “to prevent excessive use of devices causing physical and mental health issues… including sleep problems,” Mayor Masafumi Koki said in a statement on Friday.

The draft urges elementary school students to avoid smartphones after 9:00 pm, and junior high students and older are advised not to use them after 10:00 pm.

The move prompted an online backlash, with many calling the plan unrealistic.

“I understand their intention, but the two-hour limit is impossible,” one user wrote on social media platform X.

“In two hours, I cannot even read a book or watch a movie (on my smartphone),” wrote another.

Others said smartphone use should be a decision for families to make for themselves.

The angry response prompted the mayor to clarify that the two-hour limit was not mandatory, emphasising that the guidelines “acknowledge smartphones are useful and indispensable in daily life”.

The ordinance will be considered next week, and if passed, it will come into effect in October.

In 2020, the western Kagawa region issued a first-of-its-kind ordinance calling for children to be limited to an hour a day of gaming during the week, and 90 minutes during school holidays.

It also suggested children aged 12 to 15 should not be allowed to use smartphones later than 9:00 pm, with the limit rising to 10:00 pm for children between 15 and 18.

Japanese youth spend slightly over five hours on average a day online on weekdays, according to a survey published in March by the Children and Families Agency.