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Full Text of President Tinubu’s 64th Independence Day Speech
President Bola Tinubu, on Tuesday, addressed the nation during the celebration of Nigeria’s 64th Independence anniversary celebration, declaring that his reforms are yielding results.
He also announced the intention of the Federal government to include the Nigerian youths in his administration, by introducing a 30-day national youth conference.
Below is the full text of the broadcast
TEXT OF NATIONAL BROADCAST BY PRESIDENT BOLA AHMED TINUBU ON THE 64TH INDEPENDENCE ANNIVERSARY OF THE FEDERAL REPUBLIC OF NIGERIA OCTOBER 1, 2024
Fellow Nigerians, as I address you today, I am deeply aware of the struggles many of you face in these challenging times. Our administration knows that many of you struggle with rising living costs and the search for meaningful employment. I want to assure you that your voices are heard.
As your President, I assure you that we are committed to finding sustainable solutions to alleviate the suffering of our citizens. Once again, I plead for your patience as the reforms we are implementing show positive signs, and we are beginning to see light at the end of the tunnel.
Exactly 64 years ago, our founding fathers chose democracy as a form of government and launched the dream of a great country that would lead the rest of Africa out of poverty, ignorance, and underdevelopment, a beacon of hope to the rest of Africa and the world.
Over six decades later, we can look back, and Nigerians worldwide can see how well we have succeeded in realising the lofty dreams of our founding fathers.
The world is witnessing and benefiting from the can-do spirit of the Nigerian people, our massive intellectual capacity, and our enterprise and industry in all vocations, from arts to science, technology to infrastructure. The dreams that our founding fathers envisaged are still a work in progress. Every day, we put our hands on the plough, determined to do a better job of it.
While it is tempting to focus on what has been left undone and where we have stumbled as a nation, we must never lose sight of how far we have come in forging and holding our country together.
Since independence, our nation has survived many crises and upheavals that led to the dissolution and disintegration of many other nations worldwide. Six years after independence, our country descended into a political crisis that led to a bitter and avoidable civil war. Since returning from the brink of that darkest moment, we have learned to embrace our diversity and manage our differences better as we continue to work towards engendering a more perfect union.
Despite the many challenges that buffeted our country, we remain a strong, united, and viable sovereign nation.
Dear compatriots, our independence anniversary gives us another chance to reflect on how far we have gone in our journey to nation-building and to renew our commitment to building a better nation that will serve present and future generations of Nigerians.
While we celebrate the progress we have made as a people in the last sixty-four years, we must also recognise some of our missed opportunities and mistakes of the past. If we are to become one of the greatest nations on earth, as God has destined us to be, our mistakes must not be allowed to follow us into the future.
My administration took over the leadership of our country 16 months ago at a critical juncture. The economy faced many headwinds, and our physical security was highly impaired. We found ourselves at a dizzying crossroads, where we must choose between two paths: reform for progress and prosperity or carry on business-as-usual and collapse. We decided to reform our political economy and defence architecture.
On the security front, I am happy to announce to you, my compatriots, that our administration is winning the war on terror and banditry. Our target is to eliminate all the threats of Boko Haram, banditry, kidnapping for ransom, and the scourge of all forms of violent extremism. Within one year, our government has eliminated Boko Haram and bandit commanders faster than ever. As of the last count, over 300 Boko Haram and bandit commanders have been eliminated by our gallant troops in the Northeast, Northwest, and some other parts of the country.
We have restored peace to hundreds of communities in the North, and thousands of our people have been able to return home. It is an unfinished business, which our security agencies are committed to ending as quickly as possible. As soon as we can restore peace to many communities in the troubled parts of the North, our farmers can return to their farms. We expect to see a leap in food production and a downward spiral in food costs. I promise you, we shall not falter on this.
Our government has been responding to the recent natural disasters, particularly the flooding in parts of the country. After Vice President Kashim Shettima visited Maiduguri, I also visited to assure our people that this federal government will always stand with our people in their times of trouble. At the last meeting of the Federal Executive Council, we approved a Disaster Relief Fund to mobilise private and public sector funds to help us respond faster to emergencies.
Our government has also ordered integrity tests of all our dams in the country to avert future disasters.
The economy is undergoing the necessary reforms and retooling to serve us better and more sustainably. If we do not correct the fiscal misalignments that led to the current economic downturn, our country will face an uncertain future and the peril of unimaginable consequences.
Thanks to the reforms, our country attracted foreign direct investments worth more than $30 billion in the last year.
Fellow compatriots, our administration is committed to free enterprise, free entry, and free exit in investments while maintaining the sanctity and efficacy of our regulatory processes. This principle guides the divestment transactions in our upstream petroleum sector, where we are committed to changing the fortune positively. As such, the ExxonMobil Seplat divestment will receive ministerial approval in a matter of days, having been concluded by the regulator, NUPRC, in line with the Petroleum Industry Act, PIA. This was done in the same manner as other qualified divestments approved in the sector.
The move will create vibrancy and increase oil and gas production, positively impacting our economy.
The more disciplined approach adopted by the Central Bank to monetary policy management has ensured stability and predictability in our foreign exchange market. We inherited a reserve of over $33 billion 16 months ago. Since then, we have paid back the inherited forex backlog of $7 billion. We have cleared the ways and means debt of over N30 trillion. We have reduced the debt service ratio from 97 per cent to 68 per cent. Despite all these, we have managed to keep our foreign reserve at $37 billion. We continue to meet all our obligations and pay our bills.
We are moving ahead with our fiscal policy reforms. To stimulate our productive capacity and create more jobs and prosperity, the Federal Executive Council approved the Economic Stabilisation Bills, which will now be transmitted to the National Assembly. These transformative bills will make our business environment more friendly, stimulate investment and reduce the tax burden on businesses and workers once they are passed into law.
As part of our efforts to re-engineer our political economy, we are resolute in our determination to implement the Supreme Court judgment on the financial autonomy of local governments.
The central concern of our people today is the high cost of living, especially food costs. This concern is shared by many around the globe as prices and the cost of living continue to rise worldwide.
My fellow Nigerians, be assured that we are implementing many measures to reduce the cost of living here at home.
I commend the Governors particularly, in Kebbi, Niger, Jigawa, Kwara, Nasarawa, and the Southwest Governors that have embraced our agricultural production programme. I urge other states to join the Federal Government in investing in mechanised farming. We are playing our part by supplying fertilizer and making tractors and other farm equipment available. Last week, the Federal Executive Council approved establishing a local assembly plant for 2000 John Deere tractors, combine harvesters, disc riders, bottom ploughs and other farm equipment. The plant has a completion time of six months.
Our energy transition programme is on course. We are expanding the adoption of the Presidential Initiative on Compressed Natural Gas for mass transit with private sector players. The Federal Government is ready to assist the thirty-six States and FCT in acquiring CNG buses for cheaper public transportation.
Fellow Nigerians, while we are working to stabilise the economy and secure the country, we also seek to foster national unity and build social harmony and cohesion. Our economy can only thrive when there is peace.
As we work to overcome the challenges of the day, we remain mindful of the next generation as we seek to galvanize their creative energy towards a better future. We lead today with the future we wish to bequeath to our children in focus, recognizing that we cannot design a future that belongs to them without making them its architects.
Considering this, I am pleased to announce the gathering of a National Youth Conference. This conference will be a platform to address the diverse challenges and opportunities confronting our young people, who constitute more than 60 per cent of our population. It will provoke meaningful dialogue and empower our young people to participate actively in nation-building. By ensuring that their voices are heard in shaping the policies that impact their lives, we are creating a pathway for a brighter tomorrow.
The 30-day Confab will unite young people nationwide to collaboratively develop solutions to issues such as education, employment, innovation, security, and social justice. The modalities of this Confab and selection of delegates will be designed in close consultation with our young people through their representatives. Through this confab, it will be our job as leaders to ensure that their aspirations are at the heart of the conference’s deliberations. The government will thoroughly consider and implement the recommendations and outcomes from this forum as we remain resolute in our mission to build a more inclusive, prosperous, and united Nigeria.
Our government is implementing several other youth-centric programmes to give our young people an advantage in the rapidly changing world. We are implementing, amongst others, the 3 million Technical Talents programme (3MTT) of the Ministry of Communications, Innovation and Digital Economy, aimed at building Nigeria’s technical talent backbone.
We have also enthusiastically implemented the Nigerian Education Loan Fund (NELFUND), which provides cheap loans to our students to pursue their tertiary educational dreams. In addition, later this month, we shall launch The Renewed Hope Labour Employment and Empowerment Programme (LEEP). It is conceived as a comprehensive suite of interventions at job creation by the Federal Ministry of Labour and Employment that is aimed at facilitating the creation of 2.5 million jobs, directly and indirectly, on an annual incremental basis whilst simultaneously ensuring the welfare and safety of workers across the country.
As is the tradition, the government will soon announce all the beneficiaries of our national honours for 2024.
The Senate President and the Chief Justice of the Federation have been conferred with the honour of the Grand Commander of the Order of the Niger (GCON). The deputy Senate President and Speaker of the House of Representatives have the honour of Commander of the Order of the Federal Republic (CFR), while the deputy speaker of the House has been awarded Commander of the Order of Niger (CON).
Fellow Nigerians, better days are ahead of us. The challenges of the moment must always make us believe in ourselves. We are Nigerians—resilient and tenacious. We always prevail and rise above our circumstances.
I urge you to believe in our nation’s promise. The road ahead may be challenging, but we will forge a path toward a brighter future with your support. Together, we will cultivate a Nigeria that reflects the aspirations of all its citizens, a nation that resonates with pride, dignity, and shared success.
As agents of change, we can shape our destiny and build a brighter future by ourselves, for ourselves and for future generations.
Please join our administration in this journey towards a brighter future. Let us work together to build a greater Nigeria where every citizen can access opportunities and every child can grow up with hope and promise.
May God continue to bless our nation and keep members of our Armed Forces safe.
Happy Independence anniversary, my fellow Nigerians!
-President Bola Ahmed Tinubu
The Founder of Afe Babalola University, Ado Ekiti, Aare Afe Babalola SAN, in the early hours of Monday, agreed to withdraw the cases instituted against activist and lawyer, Dele Farotimi.
Following Babalola’s petition to the Police Commissioner in Ekiti State that Farotimi defamed him in a book titled ‘Nigeria and its Criminal Justice System’, the Police arrested the activist lawyer and arraigned him before two courts in Ekiti.
Consequently, Farotimi stood trial for alleged criminal defamation before an Ekiti State Magistrate Court, Ado Ekiti District and as well for alleged cyber-bullying before the Ado Ekiti Division of Federal High Court.
But Babalola, who spoke at ABUAD after the intervention of the Ooni of Ife, Oba Adeyeye Ogunwusi, and other top traditional rulers at the midnight meeting, said, he had agreed to withdraw the criminal case, saying, “I will tell my lawyers to withdraw the case.”
Also in attendance were the Chairman, Ekiti State Council of Traditional Rulers and the Olojudo of Ido Ekiti, Oba Ayorinde Ilori-Faboro; the Ewi of Ado Ekiti, Oba Adeyemo Adejugbe; the Ajero of Ijero Ekiti, Oba Joseph Adewole: the Ogoga of Ikere Ekiti, Oba Adejimi Adu; the Oloye of Oye Ekiti, Oba Michael Ademolaju; and the Alaaye of Efon Ekiti, Oba Emmanuel Aladejare.
Babalola, who restated the importance of the Yoruba traditional institution and the influence it wielded, said, “The monarchs are here, they have appealed to me over a criminal charge involving somebody who said I was corrupt.”
The senior advocate said that he felt so bad that Farotimi accused him of winning all his cases through corruption; hence, he rejected all earlier appeals to him to take the cases out of court.
He listed those who had appealed to him to take the matter out of court including former President Olusegun Obasanjo; the Catholic Bishop of Sokoto Diocese, Mathew Kukah; and the Ewi of Ado Ekiti, Oba Adejugbe.
He said, “If you go through the pamphlet (Farotimi’s book), you will find that he attacked many judges by names, he attacked Supreme Court judges, and none is bothered, but I am bothered. I am bothered because of where and how I started life, from the farm to where I am.
“There is nothing I am going to gain from his imprisonment. There is nothing I am going to gain from so-called damages. I am not in quest of more wealth, rather how to spend what I have for the benefit of others. The only time I am happy is when I give.
The request is simple, take away this criminal case in court. When Obasanjo wrote, he came here, I said no. when Kukah phoned and came, I said no, but on this occasion, I say yes. Thank you Kabiyesis. I will speak to my lawyers to withdraw it.”
The Ooni, who spoke on behalf of Yoruba monarchs, had requested Babalola to withdraw the case in court, assuring him that “nobody can tarnish your name. Your name is more than silver and gold and you have stood for your name with the message that nobody can joke with your name.”
Ogunwusi, who acknowledged Babalola’s contributions to the development of Yoruba, Nigeria and the world, said, “We (monarchs) came here to discuss the matter with him and he gave full respect to the obas and agreed.
“We, the obas, can attest to the hard work of Aare Afe Babalola and how he has invested so hard to build his name. The name cannot be tarnished or rubbished by anyone. Aare Afe Babalola has proven to the world that he cherishes his name and the world has heard him clearly.
“Baba, we want to appeal and also use our race to instruct you. Dele Farotimi is your son, you may not know him, we give birth to different children in this world, some are tough, some are soft, some are hard. Why we are here is our ethos as a race.”
The Ooni added, “We are using our race because some of our elders in Yorubaland and even beyond Yorubaland have spoken, but combining forces with the traditional institution, we have heard you, enough, enough and enough. Your name is intact. We have resolved the matter in our own way, we have done the needful.”
In a petition dated November 19, 2024, addressed to the Ekiti State Commissioner of Police, Adeniran Akinwale, Afe Babalola alleged that defamatory content in Dele Farotimi’s book, ‘Nigeria and Its Criminal Justice System’, tarnished his reputation.
Farotimi was arrested in Lagos by officers of the Ekiti State Police Command and transported to Ado-Ekiti, where he faced a 16-count charge of criminal defamation and cyberbullying. Following his arraignment in a magistrate court, he was remanded in custody.
The allegations stem from claims in the book accusing Babalola and other Senior Advocates of Nigeria of influencing Supreme Court justices through corruption.
The Punch
The Federal Government, through the Federation Account Allocation Committee (FAAC), has released N860.252 billion to State governments for January, with the local governments expected to get N361.754 billion of the allocated sum
The councils will not receive their allocations directly due to their inability to meet the deadline for submitting account details.
According to a FAAC official, the councils’ January funds will be disbursed through the states, while the Universal Basic Education Commission (UBEC) and Primary Health Centre (PHC) will receive direct funding from the Federation Account.
The FAAC official explained that the commission transferred the January allocations to state governments because the councils failed to meet the administrative requirements for funds disbursement.
He said: “The January allocation did not go to the local governments but to their state accounts.
“If they have started submitting their accounts, their February allocations will go to them.
“The January allocation has been paid to the state accounts already. That means they didn’t submit their details on time.
“If the councils can move fast and tidy up the loose ends early, they will get their funds directly from next month.
“That will signal the commencement of their autonomy as desired by the Bola Tinubu administration.’’
“I learnt the process of creating accounts is what is holding the process, but the Federal Government is determined to make sure that local government autonomy becomes a reality. I can assure you that things are moving in the right direction,’’ another FAAC official said.
The development comes after the Supreme Court granted financial autonomy to local government councils in July 2024, ruling that their funds from the Federation Account should be paid directly to them rather than through state governments.
To implement the judgment, the Federal government directed all local governments to open dedicated bank accounts with the Central Bank of Nigeria (CBN) for the direct transfer of their monthly allocations.
However, it is understood that the process has been slowed down by the ongoing budget defence and other pressing engagements involving key government officials.
Labour Party (LP) presidential candidate in the 2023 election, Peter Obi, has commended the Nigeria Police for the timely rescue of Mrs. Folasade Odumosu, the wife of retired Assistant Inspector General of Police (IGP), Hakeem Odumosu, who was recently kidnapped.
Spokesman for the Police Force, ACP Muyiwa Adejobi, confirmed on Thursday that Mrs. Odumusu had been rescued and reunited with her family.
Adejobi said the operation, conducted within a week, resulted in the safe rescue of the victim, unharmed, alongside the neutralisation of some kidnappers and the recovery of weapons and ransom.
Reacting to the development in a statement on Friday via X, Obi praised the professionalism demonstrated by the Ogun State Police Command, noting that the rescue mission showcased the police’s capability to act effectively when properly motivated.
He wrote, “I commend the Nigeria Police for their swift and effective response in rescuing Mrs Folashade Odumusu, the wife of retired AIG Hakeem Odumusu, who was kidnapped just a few days ago.
“The operation, conducted within a week, highlights their capacity to act decisively when motivated.
“What stands out is the precision with which the rescue mission was executed.
“It not only led to the safe release of the victim, unharmed, but also resulted in the neutralisation of some kidnappers, the recovery of weapons, and the retrieval of the ransom. Such a professional outcome deserves high praise.”
Also, the Ogun State Police Command expressed gratitude for the technical support received from the Force Headquarters and the Inspector General of Police, Kayode Egbetokun, who showed exceptional interest in the case.
The IGP commended the Ogun Command for dismantling the criminal network behind the abduction.
This success, according to Obi, underscores the impact of proper leadership and motivation in tackling crime.
“This incident offers hope. It proves that these issues can be tackled effectively if security personnel are well-resourced, supported, and committed to their responsibilities,” Obi wrote.
However, the former Governor of Anambra State urged the police to extend similar urgency and professionalism to cases involving ordinary Nigerians, whose plights often go unnoticed.
“Many innocent citizens remain victims of abduction, languishing in captivity without rescue efforts reaching them,” he said.
Obi further described the successful operation as a testament to the potential of Nigeria’s security architecture when managed and prioritised effectively
