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BREAKING: Full text of President Tinubu’s broadcast to Nigerians

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President Bola Ahmed Tinubu

President Bola Tinubu had on Monday addressed Nigerians on national television in a speech which titled “After darkness comes the glorious Dawn” said his administration will ease the pain of workers.

The full speech reads below:

AFTER DARKNESS COMES THE GLORIOUS DAWN

My fellow citizens,
I want to talk to you about our economy. It is important that you understand the reasons for the policy measures I have taken to combat the serious economic challenges this nation has long faced.

2. I am not going to talk in difficult terms by dwelling on economic jargon and concepts. I will speak in plain, clear language so that you know where I stand. More importantly, so that you see and hopefully will share my vision regarding the journey to a better, more productive economy for our beloved country.

3. For several years, I have consistently maintained the position that the fuel subsidy had to go. This once beneficial measure had outlived its usefulness. The subsidy cost us trillions of Naira yearly. Such a vast sum of money would have been better spent on public transportation, healthcare, schools, housing and even national security. Instead, it was being funnelled into the deep pockets and lavish bank accounts of a select group of individuals.

4. This group had amassed so much wealth and power that they became a serious threat to the fairness of our economy and the integrity of our democratic governance. To be blunt, Nigeria could never become the society it was intended to be as long as such small, powerful yet unelected groups hold enormous influence over our political economy and the institutions that govern it.

5. The whims of the few should never hold dominant sway over the hopes and aspirations of the many. If we are to be a democracy, the people and not the power of money must be sovereign.

6. The preceding administration saw this looming danger as well. Indeed, it made no provision in the 2023 Appropriations for subsidy after June this year. Removal of this once helpful device that had transformed into a millstone around the country’s neck had become inevitable.

7. Also, the multiple exchange rate system that had been established became nothing but a highway of currency speculation. It diverted money that should have been used to create jobs, build factories and businesses for millions of people. Our national wealth was doled on favourable terms to a handful of people who have been made filthy rich simply by moving money from one hand to another. This too was extremely unfair.

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8. It also compounded the threat that the illicit and mass accumulation of money posed to the future of our democratic system and its economy.

9. I had promised to reform the economy for the long-term good by fighting the major imbalances that had plagued our economy. Ending the subsidy and the preferential exchange rate system were key to this fight. This fight is to define the fate and future of our nation. Much is in the balance.

10. Thus, the defects in our economy immensely profited a tiny elite, the elite of the elite you might call them. As we moved to fight the flaws in the economy, the people who grow rich from them, predictably, will fight back through every means necessary.

11. Our economy is going through a tough patch and you are being hurt by it. The cost of fuel has gone up. Food and other prices have followed it. Households and businesses struggle. Things seem anxious and uncertain. I understand the hardship you face. I wish there were other ways. But there is not. If there were, I would have taken that route as I came here to help not hurt the people and nation that I love.

12. What I can offer in the immediate is to reduce the burden our current economic situation has imposed on all of us, most especially on businesses, the working class and the most vulnerable among us.

13. Already, the Federal Government is working closely with states and local governments to implement interventions that will cushion the pains of our people across socio-economic brackets.

14. Earlier this month, I signed four (4) Executive Orders in keeping with my electoral promise to address unfriendly fiscal policies and multiple taxes that are stifling the business environment. These Executive Orders on suspension and deferred commencement of some taxes will provide the necessary buffers and headroom to businesses in manufacturing sector to continue to thrive and expand.

15. To strengthen the manufacturing sector, increase its capacity to expand and create good paying jobs, we are going to spend N75 billion between July 2023 and March 2024. Our objective is to fund 75 enterprises with great potential to kick-start a sustainable economic growth, accelerate structural transformation and improve productivity. Each of the 75 manufacturing enterprises will be able to access N1billion credit at 9% per annum with maximum of 60 months repayment for long term loans and 12 months for working capital.

16. Our administration recognises the importance of micro, small and medium-sized enterprises and the informal sector as drivers of growth. We are going to energise this very important sector with N125 billion.

17. Out of the sum, we will spend N50 billion on Conditional Grant to 1 million nano businesses between now and March 2024. Our target is to give N50,000 each to 1,300 nano business owners in each of the 774 local governments across the country.

18. Ultimately, this programme will further drive financial inclusion by onboarding beneficiaries into the formal banking system. In like manner, we will fund 100,000 MSMEs and start-ups with N75 billion. Under this scheme, each enterprise promoter will be able to get between N500,000 to N1million at 9% interest per annum and a repayment period of 36 months.

19. To further ensure that prices of food items remain affordable, we have had a multi-stakeholder engagement with various farmers’ associations and operators within the agricultural value chain.

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20. In the short and immediate terms, we will ensure staple foods are available and affordable. To this end, I have ordered release of 200,000 Metric Tonnes of grains from strategic reserves to households across the 36 states and FCT to moderate prices. We are also providing 225,000 metric tonnes of fertilizer, seedlings and other inputs to farmers who are committed to our food security agenda.

21. Our plan to support cultivation of 500,000 hectares of farmland and all-year-round farming practice remains on course. To be specific, N200 billion out of the N500 billion approved by the National Assembly will be disbursed as follows:

-Our administration will invest N50 billion each to cultivate 150,000 hectares of rice and maize.
-N50 billion each will also be earmarked to cultivate 100,000 hectares of wheat and cassava.

22. This expansive agricultural programme will be implemented targeting small-holder farmers and leveraging large-scale private sector players in the agric business with strong performance record.

23. In this regard, the expertise of Development Finance Institutions, commercial banks and microfinance banks will be tapped into to develop a viable and an appropriate transaction structure for all stakeholders.

24. Fellow Nigerians, I made a solemn pledge to work for you. How to improve your welfare and living condition is of paramount importance to me and it’s the only thing that keeps me up day and night.

25. It is in the light of this that I approved Infrastructure Support Fund for the States. This new Infrastructure Fund will enable States to intervene and invest in critical areas and bring relief to many of the pain points as well as revamp our decaying healthcare and educational Infrastructure.

26. The fund will also bring improvements to rural access roads to ease evacuation of farm produce to markets. With the fund, our states will become more competitive and on a stronger financial footing to deliver economic prosperity to Nigerians.

27. Part of our programme is to roll out buses across the states and local governments for mass transit at a much more affordable rate. We have made provision to invest N100 billion between now and March 2024 to acquire 3000 units of 20-seater CNG-fuelled buses.

28. These buses will be shared to major transportation companies in the states, using the intensity of travel per capital. Participating transport companies will be able to access credit under this facility at 9% per annum with 60 months repayment period.

29. In the same vein, we are also working in collaboration with the Labour unions to introduce a new national minimum wage for workers. I want to tell our workers this: your salary review is coming.

30. Once we agree on the new minimum wage and general upward review, we will make budget provision for it for immediate implementation.

31. I want to use this opportunity to salute many private employers in the Organised Private Sector who have already implemented general salary review for employees.

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32. Fellow Nigerians, this period may be hard on us and there is no doubt about it that it is tough on us. But I urge you all to look beyond the present temporary pains and aim at the larger picture. All of our good and helpful plans are in the works. More importantly, I know that they will work.

33. Sadly, there was an unavoidable lag between subsidy removal and these plans coming fully on line. However, we are swiftly closing the time gap. I plead with you to please have faith in our ability to deliver and in our concern for your well-being.

34. We will get out of this turbulence. And, due to the measures we have taken, Nigeria will be better equipped and able to take advantage of the future that awaits her.

35. In a little over two months, we have saved over a trillion Naira that would have been squandered on the unproductive fuel subsidy which only benefitted smugglers and fraudsters. That money will now be used more directly and more beneficially for you and your families.

36. For example, we shall fulfill our promise to make education more affordable to all and provide loans to higher education students who may need them. No Nigerian student will have to abandon his or her education because of lack of money.

37. Our commitment is to promote the greatest good for the greatest number of our people. On this principle, we shall never falter.

38. We are also monitoring the effects of the exchange rate and inflation on gasoline prices. If and when necessary, we will intervene.

39. I assure you my fellow country men and women that we are exiting the darkness to enter a new and glorious dawn.

40. Now, I must get back to work in order to make this vision come true.

41. Thank you all for listening and may God bless Federal Republic of Nigeria.

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Poor Nigerians Are Primary Beneficiaries of Tinubu’s Reforms — Presidential Aide

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Poor Nigerians Are Primary Beneficiaries of Tinubu's Reforms — Presidential Aide
President Bola Ahmed Tinubu

Poor Nigerians Are Primary Beneficiaries of Tinubu’s Reforms — Presidential Aide

Special Adviser to President Bola Tinubu on Media and Public Communication, Daniel Bwala, has said that the poor are the primary beneficiaries of the policies introduced by the Tinubu administration. Bwala made the assertion on Tuesday during an interview on Arise Television’s ‘Prime Time’ programme, where he highlighted several government initiatives aimed at improving the lives of ordinary Nigerians.

According to him, the Nigerian Education Loan Fund (NELFUND) has provided opportunities for more than one million students from low-income families to pursue higher education. “We talk about over one million beneficiaries of NELFUND. These are not children of the rich. These are children of the poor who, without the intervention, may not be able to achieve their dreams. That is a direct impact on the poor person,” he said.

The presidential aide also pointed to the administration’s Compressed Natural Gas (CNG) initiative, describing it as a programme that has brought relief to many Nigerians through reduced transportation costs. “When we talk about transportation and what the CNG initiative has done, you need to go to the streets and see for yourself. We went to the streets and talked to people, and all they are asking is that there should be more investments in that field,” he added.

On healthcare, Bwala cited government interventions such as free caesarean section services and a 50 per cent subsidy on dialysis treatment, arguing that such measures are targeted at vulnerable Nigerians. “When we talk about healthcare and the caesarean section programme, I was here the other time and talked about the 50 per cent subsidy on dialysis. These are poor people because rich people do not need that. As a matter of fact, most of the rich are abroad,” he said. Bwala maintained that every major policy introduced by the current administration has been designed to directly benefit low-income Nigerians.

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Beyond the figures cited by Bwala, official data from the Federal Government shows that the Nigerian Education Loan Fund has recorded over 1.7 million applications as of March 2026, with more than 1.1 million students confirmed as beneficiaries. Total disbursements have reached ₦206.29 billion, comprising approximately ₦128.84 billion paid directly to institutions for tuition and ₦77.45 billion paid to students as upkeep allowances. The Minister of Education, Dr Tunji Alausa, has described NELFUND as a transformative intervention in the education sector, noting that the scheme has cost the Federal Government over ₦1.1 billion, while over 160,000 youths have also been trained in digital skills. The Acting Vice Chancellor of the Federal University of Technology, Ilaro, Dr Mikhail Akinde, confirmed that his institution had received about ₦32 million to support approximately 233 students through the programme.

The Presidential Initiative on Compressed Natural Gas and Electric Vehicles (Pi-CNG & EV) has been rolled out across more than 28 states, with the Federal Government launching the Northern Corridor of the programme in Kano State on May 14, 2026. Vice President Kashim Shettima, represented at the launch by Senator Ibrahim Hassan Hadejia, stated that the transition to CNG and electric mobility is not only an energy policy but also an economic strategy aimed at reducing costs and supporting long-term development. “Transportation costs affect everything — food prices, manufacturing, logistics and the lives of ordinary Nigerians. The President understood that Nigeria could not continue depending entirely on expensive traditional fuel systems while sitting on over 200 trillion cubic feet of gas reserves,” Shettima said. The Executive Chairman of the initiative, Ismaeel Ahmed, disclosed that over $2 billion in investment commitments had been attracted under the programme, with more than 58 refuelling stations supported, thousands of CNG buses and tricycles deployed, and over 7,000 Nigerians trained. Over 300 conversion partners have been onboarded nationwide, including 41 centres in Kano State alone.

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President Tinubu had earlier approved a reduction in the cost of kidney dialysis from ₦50,000 to ₦12,000 per session in federal hospitals across the country. The subsidy is already being implemented in major federal hospitals across the six geopolitical zones, including the University College Hospital (UCH), Ibadan; Lagos University Teaching Hospital (LUTH), Lagos; University of Benin Teaching Hospital (UBTH), Benin; and the University of Maiduguri Teaching Hospital (UMTH), Maiduguri, among others. According to a report by Radio Nigeria, the subsidised dialysis programme and the Comprehensive Emergency Obstetrics and Newborn Care (CEmONC) , which provides free emergency caesarean sections, have been yielding fruitful results. At the Abubakar Tafawa Balewa University Teaching Hospital (ATBUTH) in Bauchi, the Obstetrics and Gynaecology Department conducted 755 Caesarean sections paid for by the federal government between January and June 2025. One beneficiary of the free caesarean section service, Asma’u Ibrahim, described the federal government’s initiative as a “lifesaver,” noting that affording a theatre fee of over ₦100,000 had been a major challenge given the country’s economic situation. Kidney failure patients interviewed at the ATBUTH Renal Centre also expressed gratitude for the subsidy, with one patient, Musa Abdullahi Jingir, stating that he now prefers to spend ₦17,000 on transport to access the subsidised service in Bauchi rather than pay ₦50,000 per session in Jos.

Beyond the initiatives highlighted by Bwala, the Federal Government has also expanded its social protection programmes under the Household Prosperity and Empowerment Cash Transfer Programme (HOPE-CT) . The Minister of Humanitarian Affairs and Poverty Reduction, Dr Bernard Doro, disclosed in a press conference that over 9.2 million households across the nation’s six geopolitical zones have benefited from the initiative, with approximately ₦688 billion disbursed between November 2023 and February 2026. Beneficiaries receive ₦75,000 distributed over three tranches, with the government now targeting an expansion to 15 million vulnerable Nigerians. Notably, 5.3 million women, representing 58.7 per cent of beneficiaries, have so far benefited from the initiative, a move described as a deliberate policy to empower women and improve household well-being.

While defending the administration’s policies, Bwala acknowledged that many Nigerians are yet to feel the full impact of the economic reforms due to the country’s large population and limited resources. He described the process as “slow, steady, and consistent” and urged citizens to manage their expectations. “The answer is simply population and resources. The population is over 230 million. The resources we have, however, the increased revenue is not enough. Growth will have to be slow. But it will be slow, steady, and consistent. That is what we take pride in,” Bwala said. He added that the effect of increased government revenue is already being experienced through increased allocations to states, which has resulted in state-level implementations impacting local communities. “There are states you can point at tangible results dealing with hunger by the provision of food and agricultural materials,” he noted.

The administration’s supporters argue that the reforms were necessary to address long-standing economic problems and place the country on a stronger financial footing. Official data shows that Nigeria’s net foreign-exchange reserves have risen significantly, while the stock market has recorded a nearly fivefold rise. Capital inflows rose by almost 90 per cent in 2025, with foreign portfolio investment carrying much of the increase. As debates over the state of the economy continue, the Presidency maintains that its policies are beginning to produce positive results and that ordinary Nigerians are already benefiting from key intervention programmes. The administration is expected to continue highlighting programmes such as NELFUNDhealthcare subsidiesCNG transportation initiativescash transfers, and affordable housing as evidence of its commitment to improving the lives of Nigerians, particularly those in lower-income communities.

Poor Nigerians Are Primary Beneficiaries of Tinubu’s Reforms — Presidential Aide

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Group Urges Osogbo Residents to Ignore ‘Uncertain’ Governorship Promises

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Group Urges Osogbo Residents to Ignore ‘Uncertain’ Governorship Promises

Group Urges Osogbo Residents to Ignore ‘Uncertain’ Governorship Promises

OSOGBO – A socio-political group, the Osogbo Progressive Youth Movement, has cautioned indigenes of Osogbo against supporting political ambitions based on what it described as uncertain future promises, urging residents to prioritize performance, accountability, and strategic political interests in making electoral decisions.

In an open letter addressed to Osogbo indigenes at home and in the diaspora, the group’s leader, Comrade Jimoh Oyekola Ajayi, warned against what he termed “political deception” and attempts to persuade the people of Osogbo to support Governor Ademola Adeleke’s second-term ambition on the premise that Osogbo would subsequently have the opportunity to produce the next governor of Osun State.

Ajayi described such arguments as speculative and lacking any concrete guarantee, stressing that political realities could change significantly before the end of another four-year tenure.

According to him, those promoting the narrative have failed to answer a critical question regarding who can guarantee that political power would eventually rotate to Osogbo after the current administration.

He argued that politics is driven by changing circumstances and competing interests, noting that other zones and senatorial districts within the state are likely to pursue their own governorship ambitions when the time comes.

“Politics does not operate on assumptions. No one can predict with certainty what political realities will exist after another four years,” he stated, adding that asking Osogbo people to make political sacrifices today based on future arrangements that are not guaranteed would amount to a risky gamble.

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The youth leader further noted that governorship rotation is not backed by any constitutional provision, explaining that while political balancing may influence power-sharing discussions, there is no law compelling any political zone to relinquish its ambitions in favour of another.

He therefore urged residents of the state capital to assess political parties and leaders based on their performance, track records, and ability to fulfill promises rather than relying on projected future benefits.

Ajayi pointed to previous political promises relating to representation at the National Assembly level, including senatorial and House of Representatives positions, which he said were fulfilled and therefore offered a more reliable basis for political confidence than speculative future calculations.

The open letter also highlighted what he described as the importance of political relevance and strategic alliances in securing development opportunities for Osogbo.

According to him, the influence of President Bola Ahmed Tinubu, former Osun State governor Bisi Akande, and former governor Gboyega Oyetola remains significant within Nigeria’s political structure.

He maintained that political influence often translates into access to federal opportunities, developmental projects, appointments, and other benefits capable of advancing the interests of a community.

Ajayi also argued that political strategy should not be condemned when employed to protect the interests of Osogbo people, noting that Governor Adeleke himself maintains cordial relations with President Tinubu despite belonging to a different political platform.

“Politics is not driven by sentiments alone; it is driven by interests and long-term planning,” he stated.

The youth activist accused some political actors of asking Osogbo residents to exchange certainty for uncertainty by promoting future governorship aspirations without any binding assurances.

He consequently called on sons and daughters of Osogbo worldwide to remain politically conscious, ask critical questions, demand accountability from political leaders, and resist attempts to influence their decisions through promises that cannot be guaranteed.

“Our loyalty should first and foremost be to the growth, development, and political advancement of Osogbo,” Ajayi said.

He emphasized that the future of Osogbo should be built on strategic thinking, unity of purpose, political awareness, and leadership capable of delivering on commitments.

The open letter concluded with a call for wisdom and foresight in protecting the political future of Osogbo, while praying for continued peace and progress in Osun State and Nigeria.

Group Urges Osogbo Residents to Ignore ‘Uncertain’ Governorship Promises

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CENTCOM: US Forces Intercept Iranian Ballistic Missiles Targeting American Troops in Kuwait

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CENTCOM: US Forces Intercept Iranian Ballistic Missiles Targeting American Troops in Kuwait

CENTCOM: US Forces Intercept Iranian Ballistic Missiles Targeting American Troops in Kuwait

WASHINGTON – U.S. Central Command (CENTCOM) announced that American air defense systems successfully intercepted two Iranian ballistic missiles aimed at U.S. military personnel stationed in Kuwait, marking a significant escalation in the ongoing shadow war between the two nations.

The Pentagon confirmed that the intercepted projectiles were “defeated immediately” by U.S. forces, resulting in zero American casualties or damage to equipment. The incident occurred as U.S. assets were conducting “self-defense strikes” against Iranian radar and drone sites located on Goruk and Qeshm Island.

According to CENTCOM officials, the missile launches from Iranian territory were detected in real-time. U.S. air defense batteries, including Patriot systems reportedly based at key Kuwaiti installations, engaged the incoming ballistic missiles before they could reach their intended targets—identified as American service members and assets on Kuwaiti soil.

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“Our forces retain the inherent right to self-defense and will take decisive action to protect American lives,” a CENTCOM spokesperson said in a statement. “We will continue to monitor the situation closely.”

In a coordinated response, Kuwait’s own air defense network was also activated. Kuwaiti military sources confirmed that their forces successfully engaged several hostile drones and missiles in the vicinity, working in tandem with U.S. batteries to create a layered defensive shield over the country.

The interception comes at a particularly volatile moment, as the Biden administration has been engaged in months of backchannel ceasefire and nuclear negotiations with Tehran. Officials on both sides had recently signaled a willingness to de-escalate, but Thursday’s attack suggests hardliners within the Iranian regime may be seeking to undermine diplomatic efforts.

Regional analysts warn that the attack represents a deliberate provocation. “Targeting U.S. personnel directly with ballistic missiles is a significant tactical escalation,” said a former CENTCOM adviser. “The fact that it occurred during active ceasefire talks indicates how fragile the security situation remains.”

The Pentagon has declined to comment on potential retaliatory actions. However, U.S. Defense Secretary Lloyd Austin was briefed immediately following the incident, and the White House confirmed that President Biden is reviewing all options.

As of press time, the Islamic Revolutionary Guard Corps (IRGC) has not issued a formal statement regarding the failed missile launch. Tensions in the Persian Gulf remain at their highest level since the U.S. drone strike that killed General Qassem Soleimani in 2020.

For U.S. troops stationed across the Gulf region, the interception serves as a stark reminder of the constant threat environment. A senior U.S. defense official reiterated the American stance: “Make no mistake—any attack on our forces will be met with a response, on our terms, at a time and place of our choosing.”

CENTCOM: US Forces Intercept Iranian Ballistic Missiles Targeting American Troops in Kuwait

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