Tinubu Promises  To Reform  Nigeria’s Security Architecture,  Fight Poverty In His 1st Speech As President

President Bola Tinubu in his inaugural speech on Monday promised to reform the nation’s security architecture and provide necessary equipment.

The president said  security shall be prioritized by his administration cognizant that neither prosperity nor justice can prevail amidst insecurity and violence.

‘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’ he said.

President Tinubu  also said he will fix the nation’s economy , ensure a higher GDP growth and  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.

The new President has also promised to  ensure that corruption is tackled by strengthening anti-corruption agencies while announcing an end to fuel subsidy in the country submitting that ‘it is no longer sustainable’. The president noted that ‘fuel subsidy is gone’.

‘ 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.’ he said.

It will be recalled that  former Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed  had told State House correspondents shortly after the valedictory  meeting  of the National Economic Council in Abuja a few days ago, that the NEC agreed on the need for continued discussions on the issue of fuel subsidy adding that the Federal Government, state governors and representatives of the ‘incoming administration’, would need to tune it up.

The minister  had however noted that in the  2023  budget, provision was only made for fuel subsidy from January to June 2023.

President Bola Tinubu also called his immediate predecessor, retired General Muhammadu Buhari  a patriotic leader.

‘Permit me to say a few words to my predecessor, President Muhammadu Buhari. You have been a honest man and patriotic leader. Buhari has done his best for the nation’ he said-Team@orientactualmags.com
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