I took two difficult decisions to save Nigeria from fiscal catastrophe, Tinubu tells Nigerians in New Year Day Message

* Says he is aware of the discomforts caused by the decisions on Nigerians

* Promises National living wage for workers

*Says PH and Dangote refineries will fully come on stream

* Vows to fight any obstacle that impedes business competitiveness in Nigeria

* Assures that governance output will improve living conditions of Nigerians

* Provides equal opportunities for all Nigerians to strive and thrive.

By Jon Egie

President Bola Tinubu has identified two difficult but necessary decisions he took since becoming Head of State to save the country from fiscal catastrophe to be: removal of fuel subsidy which had become an unsustainable financial burden for more than four decades and the removal of the ckokehold of a few people on the country’s foreign exchange system that benefitted only the rich and most powerful in Nigeria.

The decisions brought some discomfort to individuals, families and businesses he continued, saying he was also aware that for sometime past, the conversations and debates have centred on the rising cost of living, high inflation which presently stood above 28% and the unacceptable high under-employment rate.

Speaking during his New Year Message to Nigerians in a broadcast that was aired by national TV yesterday morning, President Tinubu said from the boardrooms at Broad Sreet in Lagos to the main streets of Kano and Nembe Creeks in Bayelsa, he heard the groans of Nigerians who work hard everyday to provide for themselves and their families.

” I am not oblivious to the expressed and sometimes unexpressed frustrations of my fellow citizens. I know for a fact that some of our compatriots are even asking if this is how our administration wants to renew their hope.”

He said aside entrusting their faith in him with a clear mandate to make Nigeria better, revamp the economy, restore security within Nigeria borders, revitalise her floundering industrial sector, boost agricultural production, increase national productivity and set the country on an irreversible path towards national greatness that Nigerians and future generations will forever be proud of; the core of his Renewed Hope campaign Message and the basis for which he was voted as president was the task of building a better nation and making sure Nigerians have a Nigeria society that cares for all her citizens.

“Dear Compatriots, take this from me: the time may be rough and tough, however, our spirit must remain unbowed because tough times never last. We are made for this period, never to flinch, never to falter. The socio-economic challenges of today should energize and rekindle our love and faith in the promise of Nigeria. Our current circumstances should make us resolve to work better for the good of our beloved nation. Our situation should make us resolve that this new year 2024, each and everyone of us will commit to be better citizens.

“Silently, we have worked to free captives from abductors. While we can’t beat our chest yet that we had solved all the security problems, we are working hard to ensure that we all have peace of mind in our homes, places of work and on the roads.

“Having laid the groundwork of our economic recovery plans within the last seven months of 2023, we are now poised to accelerate the pace of our service delivery across sectors.

Just this past December during COP28 in Dubai, the German Chancellor, Olaf Scholz, and I agreed and committed to a new deal to speed up the delivery of the Siemens Energy power project that will ultimately deliver reliable supply of electricity to our homes and businesses under the Presidential Power Initiative which began in 2018.

“Other power installation projects to strengthen the reliability of our transmission lines and optimise the integrity of our National grid are ongoing across the country.

“My administration recognises that no meaningful economic transformation can happen without steady electricity supply. In 2024, we are moving a step further in our quest to restart local refining of petroleum products with Port Harcourt Refinery, and the Dangote Refinery which shall fully come on stream.

“To ensure constant food supply, security and affordability, we will step up our plan to cultivate 500,000 hectares of farmlands across the country to grow maize, rice, wheat, millet and other staple crops. We launched the dry season farming with 120,000 hectares of land in Jigawa State last November under our National Wheat Development Programme.

“In this new year, we will race against time to ensure all the fiscal and tax policies reforms we need to put in place are codified and simplified to ensure the business environment does not destroy value. On every foreign trip I have embarked on, my message to investors and other business people has been the same. Nigeria is ready and open for business.

“I will fight every obstacle that impedes business competitiveness in Nigeria and I will not hesitate to remove any clog hindering our path to making Nigeria a destination of choice for local and foreign investments.

“In my 2024 Budget presentation to the National Assembly, I listed my administration’s 8 priority areas to include national defence and internal security, job creation, macro-economic stability, investment environment optimization, human capital development, poverty reduction and social security. Because we take our development agenda very seriously, our 2024 budget reflects the premium we placed on achieving our governance objectives.

“We will work diligently to make sure every Nigerian feels the impact of their government. The economic aspirations and the material well-being of the poor, the most vulnerable and the working people shall not be neglected. It is in this spirit that we are going to implement a new national living wage for our industrious workers this new year. It is not only good economics to do this, it is also a morally and politically correct thing to do.

“I took an oath to serve this country and give my best at all times. Like I said in the past, no excuse for poor performance from any of my appointees will be good enough.

“It is the reason I put in place a Policy Coordination, Evaluation, Monitoring and Delivery Unit in the Presidency to make sure that governance output improves the living condition of our people.

“We have set the parameters for evaluation. Within the first quarter of this new year, Ministers and Heads of Agencies with a future in this administration that I lead will continue to show themselves.

“Fellow Nigerians, my major ambition in government as a Senator in the aborted Third Republic, as Governor of Lagos State for eight years and now as the President of this blessed country is to build a fair and equitable society and close the widening inequality. While I believe the rich should enjoy their legitimately-earned wealth, our minimum bargain must be that, any Nigerian that works hard and diligent enough will have a chance to get ahead in life. I must add that because God didn’t create us with equal talents and strengths, I can not guarantee that we will have equal outcomes when we work hard. But my government, in this new year 2024 and beyond, will work to give every Nigerian equal opportunity to strive and to thrive.

For the new year to yield all its good benefits to us as individuals and collectively as a people we must be prepared to play our part. The job of building a prosperous nation is not the job of the President, Governors, Ministers, Lawmakers and government officials alone. Our destinies are connected as members of this household of Nigeria. Our language, creed, ethnicity and religious beliefs even when they are not same should never make us work at cross purposes.

“In this new year, let us resolve that as joint-heirs to the Nigerian Commonwealth, we will work for the peace, progress and stability of our country. I extend this call to my political opponents in the last election. Election is over. It’s time for all of us to work together for the sake of our country.

“We must let the light each of us carries – men and women, young and old – shine bright and brighter to illuminate our path to a glorious dawn.” The president said.