News

Nigeria @64: We Must Reform Or Collapse — Tinubu

Published

1 year ago

October 1, 2024

President Bola Tinubu, on Tuesday, stated that Nigeria must either reform for progress and prosperity or continue with business as usual and risk collapse.

He, however, said his administration, upon taking over the leadership of the country 16 months ago, decided to reform the political economy and defence architecture, given the critical juncture the country found itself.

He lamented that Nigeria found itself in a precarious situation because of the missed opportunities and mistakes of the past while calling on Nigerians not to allow the mistakes to follow the country into the future.

This was part of the text of the national broadcast by the President, on the occasion of the 64th Independence anniversary of the Federal Republic of Nigeria, delivered on Tuesday morning.

Nigeria got its Independence from Britain, its erstwhile colonial master, on October 1, 1960.

Tinubu, in the national broadcast made available to The PUNCH, said the economy faced many headwinds and security highly impaired upon his assumption of office.

“We found ourselves at a dizzying crossroads, where we must choose between two paths: reform for progress and prosperity or carry on business-as-usual and collapse. We decided to reform our political economy and defence architecture,” he said.

He added that if the country did not correct the fiscal misalignments that led to the current economic downturn, it would face an uncertain future and the peril of unimaginable consequences.

The President further said the economy was undergoing the necessary reforms and retooling to serve the people better and more sustainably.

“Thanks to the reforms, our country attracted foreign direct investments worth more than $30bn in the last year.

“We inherited a reserve of over $33bn 16 months ago. Since then, we have paid back the inherited forex backlog of $7bn.

“We have cleared the ways and means a debt of over N30tn. We have reduced the debt service ratio from 97 per cent to 68 per cent.

“Despite all these, we have managed to keep our foreign reserve at $37bn. We continue to meet all our obligations and pay our bills. We are moving ahead with our fiscal policy reforms.

“To stimulate our productive capacity and create more jobs and prosperity, the Federal Executive Council approved the Economic Stabilisation Bills, which will now be transmitted to the National Assembly.

“These transformative bills will make our business environment more friendly, stimulate investment and reduce the tax burden on businesses and workers once they are passed into law,” he said.

He announced that the ExxonMobil Seplat divestment would receive ministerial approval shortly, having been concluded by the Nigerian Upstream Petroleum Regulatory Commission, in line with the Petroleum Industry Act.

“Fellow compatriots, our administration is committed to free enterprise, free entry, and free exit in investments while maintaining the sanctity and efficacy of our regulatory processes.

“This principle guides the divestment transactions in our upstream petroleum sector, where we are committed to changing the fortune positively.

“As such, the ExxonMobil Seplat divestment will receive ministerial approval in a matter of days, having been concluded by the regulator, NUPRC, in line with the Petroleum Industry Act, PIA.

“This was done in the same manner as other qualified divestments approved in the sector.

“The move will create vibrancy and increase oil and gas production, positively impacting our economy,” he said.

Tinubu also lauded the Central Bank of Nigeria for its monetary policy management which, he said, had ensured stability and predictability in the foreign exchange market.

The President said the adoption of the Presidential Initiative on Compressed Natural Gas for mass transit with private sector players was on course.

He said the Federal Government was ready to assist the 36 states and the Federal Capital Territory in acquiring CNG buses.

He said the move would also help to ensure cheaper public transportation for the masses and relief to the hardship.

The President reiterated the stand of his administration on Local Government autonomy, saying it was resolute in its determination to implement the judgment of the Supreme Court.

“As part of our efforts to re-engineer our political economy, we are resolute in our determination to implement the Supreme Court judgment on the financial autonomy of local governments,” he said.

The President said the past mistakes landed the country in its present state.

He, however, said to become one of the greatest nations on earth, as destined by God, the country must not repeat such mistakes.

“We celebrate the progress we have made as a people in the last sixty-four years, we must also recognise some of our missed opportunities and mistakes of the past.

“If we are to become one of the greatest nations on earth, as God has destined us to be, our mistakes must not be allowed to follow us into the future.”

He vowed to tackle hardship and the rising cost of living with renewed vigour.

“Fellow Nigerians, as I address you today, I am deeply aware of the struggles many of you face in these challenging times.

“Our administration knows that many of you struggle with rising living costs and the search for meaningful employment. I want to assure you that your voices are heard.

“As your President, I assure you that we are committed to finding sustainable solutions to alleviate the suffering of our citizens. Once again, I plead for your patience as the reforms we are implementing show positive signs, and we are beginning to see light at the end of the tunnel.”

He lamented the high cost of living, especially food costs, a situation he said was shared by many around the globe, as prices and the cost of living continued to rise worldwide.

Tinubu, however, assured Nigerians that his administration was implementing measures to reduce the cost of living in the country.

He lauded the governors of Kebbi, Niger, Jigawa, Kwara, Nasarawa and those in the South-West who had embraced the agricultural production programme.

The Federal Government, in July 2024, announced a comprehensive plan to ramp up agricultural production for the 2024/2025 farming cycle.

The plan included sustained support for smallholder farmers through existing government initiatives during the ongoing wet season farming.

Other initiatives, as unveiled by the Minister of Agriculture and Food Security, Abubakar Kyari, included the intensive agricultural mechanisation and development aimed at reducing drudgery, lowering production costs, and boosting productivity.

The government also disclosed readiness to collaborate with subnational entities to identify irrigable lands and increase the area under cultivation.

In partnership with the Federal Ministry of Water Resources and Sanitation, the government also promised to rehabilitate and maintain irrigation facilities under river basin authorities across the federation.

Speaking on the initiative, the President said, “I commend the governors particularly, in Kebbi, Niger, Jigawa, Kwara, Nasarawa, and the Southwest Governors that have embraced our agricultural production programme.

“I urge other states to join the Federal Government in investing in mechanised farming. We are playing our part by supplying fertiliser and making tractors and other farm equipment available.

“Last week, the Federal Executive Council approved establishing a local assembly plant for 2,000 John Deere tractors, combine harvesters, disc riders, bottom ploughs and other farm equipment. The plant has a completion time of six months.”

Tinubu listed the achievements of the administration in the area of improved security, adding that it was winning the war on terror and banditry.

He announced that within one year, the security forces had eliminated over 300 Boko Haram and bandit commanders in the Northeast, Northwest and some other parts of the country.

“On the security front, I am happy to announce to you, my compatriots, that our administration is winning the war on terror and banditry.

“Our target is to eliminate all the threats of Boko Haram, banditry, kidnapping for ransom, and the scourge of all forms of violent extremism.

“Within one year, our government has eliminated Boko Haram and bandit commanders faster than ever. As of the last count, over 300 Boko Haram and bandit commanders have been eliminated by our gallant troops in the Northeast, Northwest, and some other parts of the country.

“We have restored peace to hundreds of communities in the North, and thousands of our people have been able to return home. It is an unfinished business, which our security agencies are committed to ending as quickly as possible.

“As soon as we can restore peace to many communities in the troubled parts of the North, our farmers can return to their farms.

“We expect to see a leap in food production and a downward spiral in food costs. I promise you, we shall not falter on this,” the text of the broadcast read.

Speaking on the recent natural disasters, particularly the flooding in parts of the country, Tinubu sympathised with victims and promised relief to those affected.

“After Vice President Kashim Shettima visited Maiduguri, I also visited to assure our people that this Federal Government will always stand with our people in their times of trouble.

“At the last meeting of the Federal Executive Council, we approved a Disaster Relief Fund to mobilise private and public sector funds to help us respond faster to emergencies.

“Our government has also ordered integrity tests of all our dams in the country to avert future disasters,” he stated.

The President announced a 30-day gathering of the youth in the country, where their diverse challenges and opportunities would be addressed.

“As we work to overcome the challenges of the day, we remain mindful of the next generation as we seek to galvanise their creative energy towards a better future.

“We lead today with the future we wish to bequeath to our children in focus, recognising that we cannot design a future that belongs to them without making them its architects.

“Considering this, I am pleased to announce the gathering of a National Youth Conference. This conference will be a platform to address the diverse challenges and opportunities confronting our young people, who constitute more than 60 per cent of our population.

“It will provoke meaningful dialogue and empower our young people to participate actively in nation-building. By ensuring that their voices are heard in shaping the policies that impact their lives, we are creating a pathway for a brighter tomorrow.

“The 30-day Confab will unite young people nationwide to collaboratively develop solutions to issues such as education, employment, innovation, security, and social justice.

“The modalities of this confab and selection of delegates will be designed in close consultation with our young people through their representatives.

“Through this confab, it will be our job as leaders to ensure that their aspirations are at the heart of the conference’s deliberations. The government will thoroughly consider and implement the recommendations and outcomes from this forum as we remain resolute in our mission to build a more inclusive, prosperous, and united Nigeria,” he said.

He said the government was implementing several other youth-centric programmes to give the youth an advantage in the rapidly changing world.

Tinubu added, “We are implementing, amongst others, the 3 million Technical Talents programme (3MTT) of the Ministry of Communications, Innovation and Digital Economy, aimed at building Nigeria’s technical talent backbone.

“We have also enthusiastically implemented the Nigerian Education Loan Fund (NELFUND), which provides cheap loans to our students to pursue their tertiary educational dreams.

“In addition, later this month, we shall launch The Renewed Hope Labour Employment and Empowerment Programme (LEEP). It is conceived as a comprehensive suite of interventions at job creation by the Federal Ministry of Labour and Employment that is aimed at facilitating the creation of 2.5 million jobs, directly and indirectly, on an annual incremental basis whilst simultaneously ensuring the welfare and safety of workers across the country.”

Tinubu said though it was tempting to focus on what had been left undone and where the people had stumbled as a nation, the sight of how far Nigerians had come in forging and holding the country together must not be lost.

“Since independence, our nation has survived many crises and upheavals that led to the dissolution and disintegration of many other nations worldwide.

“Six years after independence, our country descended into a political crisis that led to a bitter and avoidable civil war. Since returning from the brink of that darkest moment, we have learned to embrace our diversity and manage our differences better as we continue to work towards engendering a more perfect union.

“Despite the many challenges that buffeted our country, we remain a strong, united, and viable sovereign nation.”

He lauded the “can-do spirit” of the Nigerian people, the massive intellectual capacity, and enterprise and industry in all vocations, saying that Nigerians were living the dream of the founding fathers.

He said looking back to the past 64 years, Nigerians could see how well the country had succeeded in realising the lofty dreams of the founding fathers.

“Exactly 64 years ago, our founding fathers chose democracy as a form of government and launched the dream of a great country that would lead the rest of Africa out of poverty, ignorance, and underdevelopment, a beacon of hope to the rest of Africa and the world.

“Over six decades later, we can look back, and Nigerians worldwide can see how well we have succeeded in realising the lofty dreams of our founding fathers.

“The world is witnessing and benefiting from the can-do spirit of the Nigerian people, our massive intellectual capacity, and our enterprise and industry in all vocations, from arts to science, technology to infrastructure.

“The dreams that our founding fathers envisaged are still a work in progress. Every day, we put our hands on the plough, determined to do a better job of it,” he added.

The President announced that the Senate President, Godswill Akpabio and the Chief Justice of Nigeria, Justice Kudirat Kekere-Ekun, have been conferred with the honour of the Grand Commander of the Order of the Niger.

He listed the Deputy Senate President, Barau Jibrin and the Speaker of the House of Representatives, Tajudeen Abbas, as recipients of the Commander of the Order of the Federal Republic.

The Deputy Speaker of the House of Representatives, according to the President, was awarded the Commander of the Order of Niger.

News

FULL TEXT: Gen Musa’s Inaugural Speech As Defence Minister

Published

18 hours ago

December 6, 2025

Editor

Newly appointed Defence Minister, General Christopher Gwabin Musa (rtd), on Friday, delivered his inaugural speech as he assumed office, pledging to end the shedding of innocent blood and strengthen Nigeria’s security architecture.

Here is the full speech:

FULL SPEECH: ADDRESS BY GENERAL CHRISTOPHER GWABIN MUSA (RTD), ON HIS ASSUMPTION OF OFFICE AS MINISTER OF DEFENCE.

December 5, 2025

It is with profound humility and a deep sense of responsibility that I address you today in my new capacity as the Minister of Defence of the Federal Republic of Nigeria. Six weeks ago, I was in Kaki. Now, I am coming as the Minister. It can only be God. I thank President Bola Ahmed Tinubu, GCFR, for the trust and confidence you have shown in me.

I take that very seriously. For me, it is indeed a privilege and an honour, after serving 39 years in service, to come in and now be the Minister of Defence of the Federal Republic of Nigeria. The love Nigerians have shown us reflects that people believe we can turn the tide.

But it is not rhetoric. It is by action. We must, firstly as Nigerians, take ownership of the responsibilities and challenges we face in our country.

It is only us who can solve the problem. It is when we agree within ourselves that we can deal with this, that we will succeed. God is with us, and He has always given us the responsibility to succeed.

This responsibility is one I accept with solemn reverence and unwavering commitment to the safety and security of our great nation, Nigeria. Let me also acknowledge the dedicated leadership of my predecessor and the relentless efforts of every one of you in this room.

When I was the Chief of Defence Staff, you gave me all the support, and I truly appreciate it. I want to assure you that coming back as Minister, we want to do more for your welfare, well-being, and the administration of the Ministry. I strongly believe in reward and accountability. You do well, you are rewarded. We take corrective measures to ensure we succeed. I don’t believe in “na so we dey do am.”

We must assess everything that we are doing and see whether we can improve it. I believe in fostering a positive workforce. We are going to listen to your challenges, and whatever we can do to address them, we will. But I count on you also to put in your best. You know your task ahead. You don’t have to wait until somebody calls you or asks you a question. Do what you are supposed to do, and that will make it easier for us as a nation.

The task of securing the nation is continuous, and I am aware that you have been holding the line with dedication. I commend you all. For decades, my life has been defined by uniform, by the ethos of service, and by sacred covenants to defend the territorial integrity and citizens of Nigeria. I therefore come to this role not as a stranger to our security challenges, but as a comrade who has been in the trenches both literally and figuratively. I’ve seen firsthand the bravery of our troops, the complexity of our threats, and the role of strategic coordination. Like I always say, no single individual can achieve this alone. No single service operator can do it. We must work as Nigerians, making Nigeria better.

Consequently, my core philosophy in ensuring the affairs of this ministry is simple: operational effectiveness through unified action and strategic foresight. Ladies and gentlemen, we cannot afford to operate in silos.

We cannot tolerate gaps between policy and execution, or between the ministry and the services. This ministry will be a powerhouse of strategic direction, enabling support, and relentless accountability. We must provide that support for our troops to continue to succeed. They are sacrificing their lives out there in the field—day and night, thunderstorm or windstorm—whatever the situation, to ensure that we, Nigerians, can go to bed and sleep well. We must continue to pray for them. We must continue to provide the necessary support.

Working as a team with other MDAs, Mr. President has made it very clear he will give us all the support we require and demands that we achieve success, which we have promised him. Within the first few weeks, we must show that we are committed: the ministry working inside, the troops working outside.

To translate this philosophy into action, my initial focus will rest on three interconnected pillars: enhancing joint operational strategy synergy. We will immediately begin a rigorous review of all theatre commands and inter-service operations. My door will be open, as always, to the Chief of Defence Staff and Service Chiefs for frank discussions on equipment, training, welfare, and strategy. Mr. President wants us to present our challenges, with the promise that they will be addressed. So it is left for us to do the needful.
Our goal is to overwhelm the adversaries with seamless jointness, not just cognition.

Welfare and Morale as a Force Multiplier

We all understand the importance of morale to our personnel and staff. We must therefore prioritise the timely provision of all necessary kits, ensure prompt payment of operational allowances, and vigorously address accommodation and medical care for our personnel and their families. Those not injured are watching how we treat the injured. If they are not taken care of properly, they will not give their best, because they will be apprehensive. Especially those who have lost their loved ones—the families want to know what will happen.

It is our responsibility to take care of them. The aspect of actions that impugn their integrity is not acceptable. We must make payments seamless. We must treat them with respect. Anybody who is laying down their life for their country deserves the highest respect, and that is what we offer. I will be very critical about that.

Intelligence-Driven and Technology-Enabled Defence

The Ministry of Defence is the strategic brain of our national defence architecture. We must therefore leverage technology for intelligence, surveillance, and recurring service. We have partners and allies ready to support us. We will reach out to them to work as a team. We will also collaborate with other security agencies. Every Nigerian is vital to the success of Nigeria. We will foster a culture where data and intelligence drive our decisions, not just experience alone. I charge the Ministry to be a catalyst for innovation and efficient resource management.

Distinguished ladies and gentlemen, I expect the highest standards of professionalism, integrity, and urgency from all of us. We do not have time to waste. We will continue to hit the ground running. We must respect the human rights of Nigerians. If we make mistakes, we must take necessary action to make amends. I will always encourage candid advice and robust debates. But once a decision is taken, we must move as one united team.

There will be zero tolerance for corruption, indiscipline, or indolence. Our loyalty is to Nigeria and the Nigerian people. The President is the Commander-in-Chief; the bulk stops on his table. We must provide the support required to make Nigeria peaceful.

Shedding of innocent blood is over. Our children should go back to school. Our farmers should go back to their farms. Most of the challenges we face are not military solutions—they are issues of good governance, justice, equity, and fairness, which we will encourage. Both non-kinetic and kinetic solutions must work hand in hand. We cannot afford to fail Nigerians. Charity begins at home; if we have the mindset that we will succeed, we will.

To the Service Chiefs, I offer my full support and expect your utmost cooperation to move the Armed Forces to greater heights. To the Department Secretary and the Civil Service cadre, you are the institutional memory and the framework for our sustainability. I value your expertise and count on your diligence to translate our military objectives into actionable administrative and budgetary policies.

The road ahead is demanding and will be tough. Let us not take it for granted. But because we are Nigerians, we shall overcome. The threats we face are adaptive and complex, but I have absolute faith in the indomitable spirit of our Armed Forces and the capable minds within the Ministry. With the support and prayers we are receiving from all Nigerians, we cannot fail.

In closing, let me once again reaffirm my commitment to lead with fairness, firmness, and loyalty to our Constitution. The President is doing everything possible to ensure our success. We must play our part. The task ahead is enormous, but surmountable. We can win. We will win. The good people of Nigeria are looking up to us for results, and we must deliver immediately. I am not here to preside; I am here to lead, to walk, and to deliver alongside you. I cannot do it alone. I thank you all as I look forward to our detailed work and the tasks ahead.

God bless you all, and God bless the Federal Republic of Nigeria.

Thank you.

— General Christopher Gwabin Musa (Rtd)
Minister of Defence, Federal Republic of Nigeria

News

Malami Breaks Silence On Alleged Terrorism Financing

Published

19 hours ago

December 6, 2025

Editor

A former Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN, has broken his silence on allegations linking him to terrorism financing, dismissing the claims as baseless, misleading and politically motivated.

In a statement issued on Friday, Malami said he was compelled to respond after a publication suggested that he and several others had connections to persons described as terror suspects or alleged financiers.

Malami described the claims as “unfounded, unfair and contrary to both my record in public office and objective facts.”

The former minister stressed that he had never been accused, invited, interrogated or investigated by any security, law-enforcement or intelligence agency within or outside Nigeria for terrorism financing or any related offence.

He said: “I state clearly and unequivocally that I have never at any time been accused, invited, interrogated, investigated or charged by any security, law-enforcement, regulatory or intelligence agency—within or outside Nigeria—in respect of terrorism financing or any related offence.”

Malami noted that even the retired military officer cited as the principal source of the publication admitted that he did not accuse Malami or the other individuals of financing terrorism, but merely referenced vague “business” or “institutional” connections allegedly linked to some suspects.

He said the publication misrepresented this clarification and was politically exploited to create damaging insinuations about him.

Malami warned that normal professional or institutional engagements must not be misconstrued as evidence of supporting terrorism.

“To suggest that lawful professional or institutional engagements can be read as evidence of terrorism financing is both mischievous and unjust,” he said.

Highlighting his record, Malami listed several anti–money laundering and counter-terrorism reforms spearheaded during his tenure, including:

Establishment of the Nigerian Financial Intelligence Unit (NFIU) as an independent entity

Enactment of the Money Laundering (Prevention and Prohibition) Act, 2022

Enactment of the Terrorism (Prevention and Prohibition) Act, 2022

He noted that improved inter-agency coordination under these laws contributed to Nigeria’s removal from the Financial Action Task Force (FATF) grey list.

“During my tenure, I worked to strengthen—not weaken—Nigeria’s legal and institutional framework against money laundering and the financing of terrorism,” he said.

Malami urged the media to exercise caution when reporting on sensitive national security issues, warning that careless publications can damage reputations and undermine confidence in state institutions.

He reaffirmed his commitment to the rule of law and Nigeria’s international obligations, adding that he reserves the right to seek redress against any publication that misrepresents his role in the fight against terrorism financing.

News

Otuaro Pledges To Expand PAP Scholarship As Beneficiaries Bag Master’s Degrees From UK Varsities

Published

1 day ago

December 5, 2025

Editor

Administrator of the Presidential Amnesty Programme (PAP), Dr. Dennis Otuaro, has expressed his unwavering commitment to expanding the PAP scholarship scheme.

The PAP boss made the pledge at a graduation reception for nine students who were awarded foreign post-graduate scholarships by PAP in universities in the United Kingdom.

A statement by his Special Assistant on Media, Mr Igoniko Oduma, said the successful scholars are the first graduates in the offshore post-graduate scholarship deployment to UK institutions by the PAP Administrator, Dr Dennis Otuaro, for the 2024-2025 academic session.

According to the statement, they graduated from the Anglia Ruskin University, University of Dundee and The University of Law with master’s degrees in cyber security, data science and engineering, law, construction and civil engineering management, project management, and ICT.

Otuaro disclosed in the statement that 711 undergraduate and post-graduate scholarship beneficiaries are expected to graduate from universities within Nigeria this year.

According to Otuaro, the expansion of the scholarship scheme is aimed at creating more opportunities for indigent students of Niger Delta extraction to access higher education with a view to closing the human capital development gap in the region.

Otuaro said it was for this reason he deployed 3800 beneficiaries in-country in the 2024-2025 academic year, and increased the figure to 3900 in the 2025-2026 academic session with 200 for foreign scholarships.

He said under his administration, 7700 students have been so far deployed for the PAP scholarship scheme within Nigeria in less than two years.

According to him, aince he took over, he has deployed 162 students from the region for post-graduate programmes in targeted disciplines in the UK universities.

According to him, this is in conformity with the Renewed Hope Agenda of President Bola Tinubu for the Niger Delta, who has given unprecedented support to the PAP because of his sincere love for the area.

The PAP boss said, “Our decision aligns with the Renewed Hope Agenda of His Excellency, President Bola Ahmed Tinubu GCFR for the Niger Delta. We will continue to create more higher educational opportunities for students from indigent backgrounds in our region.

“We are also deepening the implementation of the programme’s mandate in informal education and other areas for the sustainable peace and socio-economic advancement of the region.”

Otuaro, who congratulated the master’s graduates on their successful graduation, stressed that they completed their programmes in record time which shows the seriousness they had put into their studies.

He said they have justified the Federal Government’s investment in their education with their successful graduation, and urged other beneficiaries not to be distracted in their academic pursuits.

“We congratulate these scholars on their successful graduation. It shows that they took their studies seriously. That is what we demand of every scholarship beneficiary, whether at the undergraduate or post-graduate level”, Otuaro said.