National Telescope national telescope newspaper
On October 1st, President Bola Tinubu addressed the nation to commemorate Nigeria’s 64th Independence Day, outlining vital initiatives aimed at addressing pressing national issues. Here are the key points from his speech:
1. Economic Challenges: President Tinubu acknowledged the hardships many Nigerians are experiencing due to high living costs and unemployment. He urged patience, assuring that the government is implementing reforms to alleviate these burdens.
2. Insecurity: He reported significant progress in combating terrorism and banditry, claiming the elimination of over 300 Boko Haram and bandit leaders. Tinubu expressed commitment to fully eradicating these threats.
3. Foreign Investments: The President highlighted the securing of over $30 billion in foreign direct investments in the past year, reflecting growing confidence in Nigeria’s economy. He promised to maintain fiscal stability to attract more investments.
4. CNG Mass Transit Initiative: Tinubu announced plans to expand the use of Compressed Natural Gas (CNG) for public transport, aimed at providing affordable and eco-friendly transit options in partnership with the private sector.
5. National Youth Conference: A 30-day National Youth Conference will be launched to address issues such as education and employment. The conference aims to empower youth to contribute to national development.
6. Youth Empowerment Programs: The new Renewed Hope Labour Employment and Empowerment Programme (LEEP) is set to create 2.5 million jobs annually. He also introduced the 3 million Technical Talents program and the Nigerian Education Loan Fund.
7. Forex Market Stability: Tinubu assured Nigerians of stability in the foreign exchange market, reporting that foreign reserves remain strong at $37 billion. He noted that the Central Bank has resolved a $7 billion forex backlog.
8. Recognition of Distinguished Nigerians: As part of the celebrations, Tinubu announced national honors for notable individuals, including the Senate President and Chief Justice of the Federation, recognizing their contributions to the nation.
9. Call for Unity: In his closing remarks, the President urged Nigerians to remain hopeful and united in overcoming challenges. He expressed confidence that better days lie ahead for the country.
