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Calm down, Nigeria’s economy not in distress, Tinubu tells Nigerians

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President Bola Tinubu has once again assured Nigerians that the economy is not in distress as some “detractors” of his administration may want to claim.

Tinubu, who gave the assurance while speaking on Tuesday at the Leadership Conference and Awards 2023, held in Abuja, where he was honoured with the Leadership Person of the Year 2023, urged Nigerians to “calm down” and trust in his capability to get the nation out of the current economic crisis.

Tinubu, who was represented at the event by the Minister of Information and National Orientation, Mohammed Idris, stated that recent indicators and statistics had shown that his reforms and policies were beginning to yield positive results despite the challenges.

The president also recounted key initiatives and investment efforts by his administration to support Nigerian businesses, students, and vulnerable households, as well as to enhance food security and attract foreign direct investment.

“I should start by respectfully challenging that notion that the Nigerian economy is in distress,” Tinubu said.

“Distress suggests helplessness, being at the mercy of something we have no control over. But that is not the case here.

“We are in challenging times, no doubt, but these times have also been marked by unprecedented opportunities, to reset course and to build a new and sustainable economy, away from the rent-seeking and the waste that was once the order of the day.

“My administration has released intervention funds totaling N200 billion to support Nigerian businesses, in addition to a new Federal Students’ Loan programme and the Presidential Initiative on CNG.

“The N200 billion will be disbursed through three new special intervention funds established to support Nigerian businesses.

“The imminent roll-out of CNG-powered buses which will bring down the cost of transportation by as much as 50 percent.

“The substantial increase in revenues accruing to the three tiers of government since the removal of the petrol subsidy means more funds are available to directly impact the lives of Nigerians through investments in critical infrastructure, social security, and other areas.

“For the poorest and most vulnerable among us, the Social Investment Programme, currently under review to reposition it for maximum impact, will support millions of households with direct cash transfers that will enable them to meet their basic needs.

“Since we assumed office in May 2023, we have attracted $30 billion in Foreign Direct Investment (FDI) commitments into the real sector of the economy, including Manufacturing, Telecoms, Healthcare, Oil & Gas, and others.

“Those investments have already started coming into the country.

“Just a few days ago, I was in Qatar on an official visit, where the Emir assured me that a senior government delegation would visit Nigeria after Ramadan, to begin taking action on some of the new investments they are looking at here.

“I have asked the Minister of Finance and Coordinating Minister of the Economy to directly interface with the Qatari authorities to ensure that speedy progress is made.

“I ask for the continuing patience and support of all Nigerians as we work to restore our beloved country.

“Ours is a story of a country that is taking the right steps, and feeling the fleeting pains that will come with this course of action. A glorious dawn is indeed assured.”

Metro

Nigerian troops neutralise 216 terrorists, arrest 332 in one week— Official

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The Nigerian Army Defence Headquarters (DHQ) says troops from different operation theaters across the country neutralised 216 terrorists and arrested 332 persons in the past one week.

A report released on Sunday morning by the Director, Defence Media Operations, Maj.-Gen. Edward Buba, disclosed that troops also succeeded in arresting 24 “perpetrators of oil theft and rescued 161 kidnapped hostages across the country” in the week under review.

Buba noted that troops in the Niger Delta region denied oil thieves crude estimated to be worth the sum of Four Hundred and Forty Eight Million Five Hundred Fifty Seven Thousand Five Hundred and Ninety Naira.

According to the Army spokesman, troops in the oil rich region also discovered and destroyed 97 dugout pits, six boats, 20 storage tanks, two receivers, 16 drums and seven vehicles used in oil bunkering activities.

“Other items recovered incl 174 cooking ovens, one pumping machine and 8 illegal refining sites,” the report noted.

“Troops recovered 533,127 litres of stolen crude oil and 24,520 litres of illegally refined AGO,” he said.

Gen. Buba said that in other operation theatres, troops recovered 234 assorted weapons and 5,994 assorted ammunition.

“A breakdown of the discoveries include 131 AK47 rifles, 3 PKT guns, one M16 rifle, 43 locally fabricated gun, 21 dane guns, one 105mm gun, 2 automatic pump action guns, 18 locally fabricated pistols, 8 single barrel guns, 2 automatic pump action guns, one LG4 bomb, one MG skeleton, 3 explosive IED case, one MOWAG APC, one 81mm mortar tripod stand

“Others are; 3,120 rounds of 7.62mm special ammo, 2,195 rounds of 7.62mm NATO, 211 rounds of 9mm ammo, 99 rounds of 7.62 x 25mm ammo, 467 live cartridges, one rifle butt, 15 magazines, 2 baofeng radios, 10 vehicles, 38 motorcycles, 43 mobile phones and the sum of N871,500.00 amongst other items.”

He reiterated that the military is going to continue to be very kinetic and strong against terrorists in ongoing counter terrorism and counter insurgency operations across the country.

“Indeed, we will banish and defeat terrorism from the nation rather than bow to it.

“Troops are maintaining the momentum in neutralizing the terrorist leaders and commanders. Indeed, we remain focused in fighting for the basic safety and security of citizens of this country,” he added.

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Mapanza traditional council shares positive outlook on media rights, freedom of expression

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Jonathan Muchindu, a representative of the Traditional Council of Mapanza Chiefdom in Choma District, Southern Province, Zambia, asserts that the media in Zambia currently enjoys “total” freedom of expression.

Muchindu attributed this position to the advancement of civilization, which he identified as a significant factor in ensuring media freedom.

He emphasized the role of the media in providing citizens with the necessary information to make informed decisions.

In an exclusive interview with Zambia Monitor in Choma, Muchindu, who also serves as the Director of the Zambia Corruption Prevention Watchdog, described the media and its content as essential elements akin to “food on the table.”

“We are truly privileged to witness the advancements in civilization. Previously, the media was confined to the hands of a few individuals, and its reach was limited.

“However, with the advent of technology, accessing news through various platforms such as radio and television has become commonplace.

“The media has evolved into an indispensable source of information, and its participation is now integral to our daily lives,” he remarked.

When questioned about the operational landscape of the media, Muchindu expressed confidence that no media entity currently faces undue interference or censorship.

“From our perspective, both in rural villages and urban centers, we have not encountered instances where journalists or media outlets have been subjected to harassment or undue influence.

“This collaborative effort had ushered in a sense of enlightenment among the populace, allowing for open discourse on governance matters, particularly in the realm of politics.

“The media enjoyed the same freedoms as ordinary citizens, and there is unequivocal liberty in its expression,” Muchindu concluded.

The declaration by the Traditional Council of Mapanza Chiefdom underscored a positive outlook on media freedom in Zambia and reaffirmed the critical role of the media in fostering informed public discourse.

This story is sponsored content from Zambia Monitor’s Project Aliyense.

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