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Economy Will Rise Back To Glory In Coming Months — President Tinubu

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Nigeria’s President, Asiwaju Bola Ahmed Tinubu, yesterday reviewed the performance of the economy since he assumed office and affirmed that it would soar back to glory in the coming months.

He, however, stressed the need for the federal government, state governors and federal legislators to stay united and collaborate with a view to achieving national development goals.

President Tinubu made this known through the Vice President, Alhaji Kashim Shettima, during a visit by state governors and the leadership of the National Assembly in Lagos.

The President’s Special Adviser on Media and Publicity Ajuri Ngelale quoted his principal as expressing optimism about Nigeria’s economic resurgence and called for collective efforts to propel the nation forward.

He urged unity and collaboration among all stakeholders to achieve shared prosperity.

He promised a brighter future for the nation under his administration.

”The future of the black man rests on Nigeria to make or mar. Our economy has turned the corner. By the coming months, the economy will roar back to glory,” he said.

He added: “Let us unite, rally around our leader, and catapult this nation to a greater pedestal.

“By December, I hope we will have cause to celebrate.

“Let us coalesce to take the nation to a greater pedestal.”

Describing President Tinubu’s role as a unifying leader, transcending ethnic and religious lines, the Vice-President noted that the gathering of 27 governors in Lagos, along with the leadership of the National Assembly and some former governors, bore testimony of a detribalised leader who has embraced all.

His words: ”This gathering cuts across ethnic, religious and political lines. Here, we have Pastor Eno of Akwa Ibom and Father Hyacinth Alia of Benue, and as the President was seated, he was asking, ‘Where is Wammako, where is Yari’?

“That is the hallmark of true leadership. What binds us together supersedes whatever it is that may divide us.”

Also speaking, Senate President Godswill Akpabio commended the state governors for emulating President Tinubu’s leadership style, characterised by listening to diverse voices and consulting widely with the people, irrespective of political affiliations.

“The governors are doing well. I can say so because I have been there before,” Senator Akpabio said.

Expressing confidence in President Tinubu’s leadership, Akpabio noted that the President enjoys the broad support of Nigerians across political divides.

“As you coast home to victory for a second term, may all the governors seated here also coast home to a second term victory in their states,” Senate President Akpabio prayed.

In his remarks, Chairman, Nigeria Governors Forum AbdulRahman AbdulRazaq, expressed support for the 700km Lagos-Calabar Coastal Highway, describing it as a huge project that will have a significant impact on the nation when completed.

He commended the President for stabilising the economy and improving living conditions.

He attributed these improvements to the President’s initiatives and also lauded the Federal Ministry of Health and Social Welfare’s funding for 8,800 primary healthcare centres.

“We commend your efforts because the ship is gradually turning. We have seen how the exchange rate of the naira against the dollar is coming down. The cost of food is coming down.

“The dry season harvest is commencing soon. Things are getting better and there is light at the end of the tunnel,” the Kwara State governor said.

He urged President Tinubu to persevere in his efforts to achieve economic stability.

The governor also expressed gratitude for the support provided by the Federal Government to states, particularly in distributing grains to alleviate food shortages.

He said: ”We are here to support you, and we also thank you for the support that you are giving to the sub-nationals. Trucks are wheeling up across the nation, distributing grains. I have received, and most of the states have.

”Because of what you are doing, those who are hoarding food items are releasing them, and that is why the prices of food are coming down.”

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IGP Didn’t Ask Nigerians To Beat Up Officers During Stop-And-Search — Police

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The Nigeria Police Force (NPF) has clarified that Kayode Egbetokun, the inspector-general of police, did not instruct Nigerians to pummel officers during stop-and-search operations.

In a statement on Monday, Muyiwa Adejobi, the force spokesperson, emphasized that Egbetokun has never endorsed violence against law enforcement agents.

Adejobi added that the blog post suggesting otherwise was entirely fabricated.

“The Nigeria Police Force wishes to address a viral fake news story that has emerged, claiming that Inspector-General of Police, IGP Kayode Adeolu Egbetokun, has instructed citizens to physically assault and throw stones at police officers who request to search their phones,” the statement reads.

“This claim is entirely false and has no basis in reality. The IGP has not issued any such directive encouraging violence against law enforcement officers.”

“Instead, he has called on citizens to report instances of police misconduct through appropriate channels.”

“This approach underscores the importance of accountability and maintaining the rule of law, rather than resorting to violent actions.”

“Members of the public are urged to make use of the following Police helplines & contacts to lay complaints whenever necessary: +2347056792065, +2349133333785, +2349133333786, @PoliceNG on X, @ngpolice on Facebook, and @nigeriapoliceforce on Instagram.”

“Citizens can also contact us by mail through; [email protected] and reach us through the police website at npf.gov.ng.”

Recently, Egbetokun instructed police officers to stop arbitrary arrests and cease searching the smartphones of Nigerians.

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Federal Government Declares Public Holiday For Christmas, New Year Celebrations

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The federal government has declared December 25-26, and January 1, 2025, as public holidays.

The public holidays are to commemorate the “Christmas,” “Boxing Day,” and “New Year’s Day” celebrations, respectively.

Olubunmi Tunji-Ojo, the minister of interior, announced the dates in a statement signed by Magdalene Ajani, the ministry’s permanent secretary.

He extended his greetings to Nigerians for the holidays and encouraged them to use the festive period to reflect on the values of “love,” “peace,” and “unity” that the season signifies.

He further emphasized that the yuletide is a time to foster harmony and strengthen bonds across families and communities.

“The Christmas season is a good moment for both spiritual reflection and national renewal. As we celebrate the birth of Jesus, the Prince of Peace, let us demonstrate kindness and extend goodwill to one another, irrespective of our differences,” the statement reads.

The minister also urged Nigerians to remain committed to the peace, unity, and progress of the nation.

He assured citizens of the federal government’s commitment to peace, security, and prosperity across the nation.

Tunji-Ojo added that the “Renewed Hope Agenda” of the President Bola Tinubu administration will usher in a prosperous economy that will be the envy of the world.

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Tinubu’s 50% Transport Reduction Scheme May Begin Tuesday

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The proposed 50 percent interstate transport fare price slash by the Federal Government, initially planned to commence on December 20, 2024, may now begin on December 24.

The slash is aimed at alleviating high transport costs during the Yuletide season.

Recall that the Federal Government, through the Ministry of Transportation, announced last Thursday that it had reached an agreement with stakeholders in the road transport sector to support Nigerians who will be travelling during the holiday season.

The government stated that it would cover 50 percent of the transport fare for travelers, alongside the commencement of free rail transportation for citizens on December 20, 2024.

This initiative, according to the Director of Press and Public Relations, Federal Ministry of Transportation, Olujimi Oyetomi, was part of President Bola Tinubu’s broader effort to provide transportation palliatives for Nigerians celebrating Christmas and New Year.

Oyetomi said that the agreement was signed between the Federal Government and key transport stakeholders, including the National Union of Road Transport Workers, the Road Transport Employers Association of Nigeria, and the Association of Luxurious Bus Owners of Nigeria, among others.

The ministry’s spokesperson explained that under the arrangement, passengers traveling from Abuja and Lagos (Oshodi) to various destinations across the country would pay only half of the usual fare.

A senior official in the transportation ministry, speaking on condition of anonymity, stated that while the rail initiative was set to transport 340,000 Nigerians during and after the Yuletide, details about the road transport component remained unclear.

“The minister will most likely unveil the scheme tomorrow (Monday) at the Eagles Square, and detailed information will be provided accordingly.

“We were supposed to commence on the (December) 20th, but due to some imperfections, it has been delayed. By God’s grace, it should start on Tuesday. However, the MoU and other agreements have been adequately signed.”

When contacted, the Chief Executive Officer of God is Good Motors, Enahoro Ekhae, confirmed signing the MoU but noted that the scheme had not yet started.

“Yes, we indeed signed an MoU, but we are yet to begin the implementation,” he said.

When asked about the delay, he responded, “It is the government that can explain that. We, as GIGM, will begin once we reach an agreement with the government to start.”

Meanwhile, it was learned from the Federal Ministry of Finance on Sunday that the initiative was delayed due to funding challenges.

The programme, which was expected to begin on December 20, has been stalled as transport unions await payments promised under the scheme.

Sources at the finance ministry told one of our correspondents that efforts to secure funding were ongoing, with stakeholders hopeful for a resolution in the coming days.

The initiative, which aims to provide subsidized transportation through partnerships with transport unions, was supposed to start at Eagle Square in Abuja but failed to take off.

“We have signed the MoU, but the minister believes that the transport unions should receive their payments before starting, so that we can maintain accurate records,” a source at the finance ministry explained.

“The transportation minister has been working with the finance ministry to secure the funds, including those for the rail component.”

While the rail part of the initiative continues because it is managed solely by the Federal Government, road transport remains stalled due to the lack of government-owned buses.

“The route involves transportation unions. The Federal Government does not have buses to operate the system. We want the transport unions to take ownership and run the program. They are expected to account for the money given to them, as we have monitoring mechanisms in place,” the source clarified.

Despite ongoing efforts to secure funds, the process has been slow. “He (the minister) has been going to finance. He couldn’t secure the funds. That’s why we couldn’t start.”

The plan includes a payment of 50 percent of the agreed average fare to transport unions for each route, covering road trips from Abuja to state capitals and from Oshodi in Lagos to other destinations.

“The government is supposed to pay the transport unions 50 percent of the average fare we’ve already agreed upon for each route,” the source added.

However, no funds have been disbursed yet, leaving transport unions unable to mobilize. “All transport unions with whom we signed the MoU will have to bring their vehicles to Eagle Square. But no one has received any money yet. Therefore, everyone has been asked to remain on hold.”

The source expressed hope that the issue would be resolved soon. “I believe that as early as tomorrow (Monday) morning, the minister will press the Minister of Finance. The finance minister will understand the urgency, as it’s a directive from the President, and they will find a way to release the funds. Then, the process will begin.”

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