President Bola Tinubu has urged Nigerians to endure the present difficult times as it is needed for a better future.
While acknowledging the hardships presently faced by the citizens, Tinubu said the present sacrifice is what greatness and the future required for a Nigeria where hunger, poverty, and hardship are pushed into the shadows of an ever-fading past.
The president stated this in his 63rd Independence Day Anniversary Speech.
“To endure, our home must be constructed on safe and pleasant ground. Reform may be painful, but it is what greatness and the future require. We now carry the costs of reaching a future in Nigeria where the abundance and fruits of the nation are fairly shared among all, not hoarded by a select and greedy few. A Nigeria where hunger, poverty, and hardship are pushed into the shadows of an ever-fading past.
“There is no joy in seeing the people of this nation shoulder burdens that should have been shed years ago. I wish today’s difficulties did not exist. But we must endure if we are to reach the good side of our future,” he said.
To ease the burden on families, Tinubu said his administration has introduced initiatives, saying, we have embarked on several public sector reforms to stabilize the economy, direct fiscal and monetary policy to fight inflation, encourage production, ensure the security of lives and property and lend more support to the poor and the vulnerable.
“Based on our talks with labour, business and other stakeholders, we are introducing a provisional wage increment to enhance the federal minimum wage without causing undue inflation. For the next six months, the average low-grade worker shall receive an additional Twenty-Five Thousand naira per month.
“To ensure better grassroots development, we set up an Infrastructure Support Fund for states to invest in critical areas. States have already received funds to provide relief packages against the impact of rising food and other prices.”
Tinubu also announced plans to introduce cheaper compressed natural gas, noting that it would make the economy more robust by lowering transport costs.
“In this regard, we have opened a new chapter in public transportation through the deployment of cheaper, safer Compressed Natural Gas (CNG) buses across the nation. These buses will operate at a fraction of current fuel prices, positively affecting transport fares.
“New CNG conversion kits will start coming in very soon as all hands are on deck to fast track the usually lengthy procurement process. We are also setting up training facilities and workshops across the nation to train and provide new opportunities for transport operators and entrepreneurs. This is a groundbreaking moment where, as a nation, we embrace more efficient means to power our economy. In making this change, we also make history,” he said.
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