10 Key Insights from Tinubu’s Address Amidst Nationwide Protests

President Bola Tinubu addressed Nigerians on Sunday, August 4, 2024, in the midst of escalating protests across the country.
The nationwide demonstration, which began on Thursday, August 1, was in response to the hardships endured by individuals around the country.
Here are ten major points from the president’s speech.

Condolences and Call for Peace: The President expressed grief for the lives lost during the protests and urged an end to violence.

“I sympathize with the families and relatives of those killed in the protests. Tinubu added, “We must put an end to further bloodshed, violence, and destruction.”

Protest Suspension: Tinubu asked protesters to call off further demonstrations and instead engage in discussion. He continued: “I hereby enjoin protesters and the organisers to suspend any further protest and create room for dialogue.”

Economic Reforms: The President justified his decision to eliminate gasoline subsidies and overhaul the foreign currency system, claiming that these steps were required to “reverse decades of economic mismanagement.”
Tinubu emphasized economic success, adding, “Aggregate government revenues have more than doubled, hitting over N9.1 trillion in the first half of 2024 compared to the first half of 2023.”

Infrastructure Development: The President emphasized the ongoing significant infrastructure projects, including as the Lagos-Calabar Coastal Highway and the Sokoto-Badagry Highway.

Tinubu announced a rise in oil production to 1.61 million barrels per day, reviving investor interest in the sector.

The government started a compressed natural gas (CNG) effort to power vehicles and decrease costs, with intentions to distribute one million conversion kits.

Tinubu announced multiple youth empowerment measures, including a student loan plan, a Digital and Creative Enterprises program, and a variety of skill development programmes.
dwelling Projects: The President announced intentions to build 100,000 dwelling units over the next three years as part of the Renewed Hope City and Estate initiative.

Food Security Measures: Tinubu announced initiatives to increase food production, including the abolition of levies on specific food items and the distribution of farming equipment.

The President closed by urging unity and patience, saying, “Let us work together to create a brighter future for ourselves and future generations.” Let us choose optimism over fear, togetherness over conflict, and growth over stagnation.”