…By Dorcas Funmi for TDPel Media.
In his inaugural speech as the President of Nigeria, Bola Ahmed Tinubu emphasized his government’s determination to address two critical challenges facing the country: terrorism and extreme poverty.
He assured Nigerians that his administration would take proactive measures to defend the nation from security threats while also focusing on economic reforms to foster growth and development.
Tackling Security Threats:
President Tinubu declared that the security and stability of Nigeria and the subregion were of paramount importance.
He acknowledged the existence of terrorism and other forms of criminality that jeopardize peace and tranquility.
To combat these issues effectively, his government would initiate reforms in both the security doctrine and architecture.
The President pledged to invest more in security personnel by providing them with improved training, equipment, better pay, and enhanced firepower.
Economic Reforms for Growth and Development:
President Tinubu outlined his vision to remodel Nigeria’s economy, aiming to achieve growth, development, and an end to extreme poverty.
He expressed the intention to target higher GDP growth rates and significantly reduce unemployment.
To achieve these goals, his administration would implement budgetary reforms aimed at stimulating the economy without triggering inflation.
The President emphasized the importance of industrial policy to promote domestic manufacturing and reduce import dependency through the use of fiscal measures.
Improving Accessible and Affordable Electricity:
Addressing the issue of power supply, President Tinubu recognized the significance of accessible and affordable electricity for both businesses and households.
He outlined his plans to nearly double power generation, improve transmission and distribution networks, and encourage the development of local sources of power.
These efforts aimed to provide reliable and affordable electricity to support economic activities and improve the quality of life for all Nigerians.
Supporting Investors and Encouraging Foreign Businesses:
President Tinubu assured investors, both local and foreign, that his government would address their concerns regarding multiple taxations and other obstacles to investment.
He pledged to review these issues and create a more favorable environment for businesses.
The President emphasized the repatriation of investors’ dividends and profits, indicating the government’s commitment to ensure a conducive climate for investment and economic growth.
President Tinubu’s maiden speech highlighted his administration’s determination to tackle terrorism and extreme poverty in Nigeria.
By prioritizing security reforms and investing in personnel, training, and equipment, his government aims to defend the nation from security threats.
Additionally, his economic agenda focuses on stimulating growth, reducing unemployment, improving electricity access, and supporting investors.
With these commitments, President Tinubu seeks to bring about positive change and prosperity for the Nigerian people.