0815 671 6040 [email protected]

Day: June 12, 2023

Tinubu

Tinubu keeps campaign promise, offers interest free loans to students

,

President Bola Ahmed Tinubu has kept one his campaign promises by signing into law a bill making available to Nigerian students interest free loans to pay tuition fees.

Tinubu signed the law on Monday on a day that Nigeria also marked the June 12 Democracy Day.

According to a statement by the Presidency, the Students Loan Bill was sponsored by former Speaker Femi Gbajabiamila. It was passed by the National Assembly.

The legislation has as its short title, the ‘Students Loan (Access to Higher Education) Bill, 2019,’ While its long title is ‘A Bill for an Act to provide for easy access to higher education for Nigerians through interest-free loans from the Nigerian Education Fund established in this Act with a view to providing education for all Nigerians and for other purposes connected thereto.’

The Bill seeks the establishment of the Nigerian Education Fund, domiciled with the Central Bank of Nigeria (CBN) from which qualified applicants can access education loans through the commercial banks in the country.

The Bill provides that notwithstanding anything to the contrary contained in other enactments, all students seeking higher education in any public institution of higher learning in Nigeria shall have an equal right to access the loan under this Act without any discrimination arising from gender, religion, tribe, position or disability of any kind.

“The loan referred to in this Act shall be granted to students only for the payment of Tuition fees. The grant of the loan to any student under this Act shall be subject to the students/applicant(s) satisfying the requirements and conditions set out under this Act.”

Gbajabiamila, now Tinubu’s chief of staff had argued in the Bill that the hardship being faced by the unemployed and low-income earners coupled with the very high cost of living in Nigeria over the years has made access to quality higher education difficult, stressful and in some cases impossible.

He also noted that a well-educated citizenry is critical to our National development and our Nation’s ability to compete in the Global Economy, arguing that higher education should be regarded as a public good benefiting the entire country rather than a commodity solely benefiting the individual recipients.

“In tandem with the Federal government’s interest and quest in ensuring access to higher education, the National Assembly has agreed to prescribe a legislation that will guarantee access to quality higher education by qualified Nigerians,” he said during the debate on the Bill.

President Tinubu

Subsidy removal: Tinubu promises massive investments in social services

With the removal of fuel subsidy and the accruing revenue, Nigerians should expect better services that would improve their quality of life, President Bola Ahmed Tinubu said on Monday.

Nigerians should also expect massive investment in transportation infrastructure, education, regular power supply, healthcare and other public utilities.

President Tinubu made this pledge during a National broadcast to mark Democracy Day, on Monday in Abuja.

He said that the government would not take the sacrifice of Nigerians for granted, adding that the removal of fuel subsidy was a necessary process for a better country long strangulated from unnecessary expenditures.

“It is for this reason that, in my inauguration address on May 29, I gave effect to the decision taken by my predecessor-in-office to remove the fuel subsidy albatross and free up for collective use of the much-needed resources, which had hitherto been pocketed by a few rich.

“I admit that the decision will impose extra burden on the masses of our people. I feel your pain.

“This is one decision we must bear to save our country from going under and take our resources away from the stranglehold of a few unpatriotic elements.

“Painfully, I have asked you, my compatriots, to sacrifice a little more for the survival of our country. For your trust and belief in us, I assure you that your sacrifice shall not be in vain.

“The government I lead will repay you through massive investment in transportation infrastructure, education, regular power supply, healthcare and other public utilities that will improve the quality of lives,’’ Tinubu said.

The president also spoke on the struggle of late MKO Abiola and the passion he ignited during the 1993 presidential election.

“The democracy MKO Abiola died for is one that promotes the welfare of the people over personal interests of the ruling class and one where the governed can find personal fulfilment and happiness.

“That is the hope MKO Abiola ignited throughout our country in 1993.’’

The News Agency of Nigeria (NAN) reports that at a recent function with traditional rulers from the country, the president gave reasons fuel subsidy was no longer sustainable.

“Why should we in good heart and sense, feed smugglers and be Father Christmas to neighbouring countries, even though they say not every day is Christmas?

“The elephant that was going to bring Nigeria to its knees is the subsidy. A country that cannot pay salaries and we say we have potential to encourage ourselves?”

Some of the advantages of fuel subsidy removal include ensuring availability of petrol, and curbing the greed for higher profits and sabotage by a few players in the oil industry.

The Federal Government, after a meeting with members of labour unions, proposed a number of initiatives to ameliorate the effect of the subsidy removal on Nigerians.

The Government, TUC and NLC agreed to establish a joint committee to review proposal for wage increase and establish framework and timeline for implementation.

They will also review World Bank-financed Cash Transfer Scheme and propose inclusion of low-income earners in the programme.

The parties will revive the CNG conversion programme and work out detailed implementation and timing.

It also includes reviewing issues hindering effective delivery in the education sector, framework for completion of refineries rehabilitation, roads maintenance and expansion of rail networks across the country

Tinubu

We must never take our democracy for granted: Full speech of Tinubu

,

Text of Democracy Day Speech by President Bola Ahmed Tinubu

1. Fellow Nigerians,

2. It is exactly three decades today that Nigerians went to the polls to exercise their inalienable right to elect a President of their choice to lead the transition from military dictatorship to a representative government of the people.

3. The abortion, by military fiat, of the decisive victory of Chief Moshood Kashimawo Olawale Abiola of the defunct Social Democratic Party (SDP) in the June 12, 1993, presidential election, up to that time, the fairest and freest election in the country’s political evolution, turned out, ironically, to be the seed that germinated into the prolonged struggle that gave birth to the democracy we currently enjoy since 1999.

4. In rising to strongly oppose the arbitrary annulment of the will of the majority of Nigerians as expressed in that historic election, the substantial number of our people who participated in the struggle to de-annul the election signified their fierce commitment to enthroning democracy as a form of government that best ennobles the liberty, the dignity of the individual and the integrity as well as the stability of the polity. The fierce opposition to the annulment of the June 12, 1993 presidential election and the unrelenting pro-democracy onslaught it unleashed was the equivalent of the battle against colonial rule by our founding fathers that resulted in the gaining of Nigeria’s independence in 1960.

5. Just like the anti-colonial movement, the pro-June 12 vanguard demonstrated, once again, the enduring validity of the 19th century historian, Arnold Toynbee’s eternal postulation, that civilization and societies experience progress as they are forced to respond to challenges posed by the environment. The unjust annulment of a widely acknowledged free and fair election was a challenge that elicited resistance by a resurgent civil society, leading ultimately to the attainment of our ‘second independence’ as exemplified by the return of democratic governance in 1999.

6. Fellow compatriots, we celebrate a day that has remained a watershed in our nation’s history, not just today, but for every June 12, for the endless future that our beloved country shall exist and wax stronger and stronger, generations of Nigerians will always remind themselves that the democracy that is steadily growing to become the defining essence of our polity was not gifted to us on a silver platter.

7. We can easily recall the sacrifice and martyrdom of Chief MKO Abiola, the custodian of the sacred mandate that was so cruelly annulled. He sacrificed his life in unyielding, patriotic defense of the ideals of democracy as symbolised in his choice, by his fellow countrymen and women, as their duly-elected President. There was an easier choice for him. It was to forgo the justice of his cause and opt for the path of ease and capitulation in the face of the tyranny of power. To his eternal credit and immortal glory, Abiola said no. He demonstrated the time-tested eternal truth that there are certain ideals and principles that are far more valuable than life itself.

8. Everyday, on this day, down the ages we will recall the several other heroes of democracy such as Kudirat Abiola, wife of Chief Abiola, who was brutally murdered while in the trenches fighting on the side of the people. We remember Pa Alfred Rewane, one of the heroes of our independence struggle and Major General Shehu Musa Yar’Adua (rtd) who were silenced by the military junta while in pursuit of democracy. They gave their yesterday for the liberty that is ours today.

9. The point is that we must never take this democracy for granted. We must forever jealously guard and protect it like a precious jewel. For, a people can never truly appreciate the freedoms and rights democracy guarantees them until they lose it.

10. We have traversed the dark, thorny path of dictatorship before and those who experienced it can readily testify to the unbridgeable gap between the dignity of freedom and the humiliation and degradation of tyranny. True, rancorous debates, interminable wrangling, ceaseless quarrels, bitter electoral contestations may be perceived by some as unattractive features of democracy. But they also testify to its merit and value.

11. This year, we held the seventh in the cycle of elections that have become sacred rituals of our democratic practice in this dispensation since 1999.

12. That the polls were intensely contested is in itself positive evidence that democracy is well and alive in our land. It is only natural that even as those who won and experienced victory in the various elections are elated and fulfilled, those who lost are disenchanted and disappointed. But the beauty of democracy is that those who win today can lose tomorrow and those who lose today will have an opportunity to compete and win in the next round of elections.

13. Those who cannot endure and accept the pain of defeat in elections do not deserve the joy of victory when it is their turn to triumph. Above all, those who disagree with the outcome of the elections are taking full advantage of the constitutional provisions to seek redress in court and that is one of the reasons why democracy is still the best form of government invented by man.

14. For Chief MKO Abiola, the symbol of this day, in whose memory June 12 became a national holiday, democracy is eternal.

15. It is about rule of law and vibrant judiciary that can be trusted to deliver justice and strengthen institutions. It has become imperative to state here that the unnecessary illegal orders used to truncate or abridge democracy will no longer be tolerated.

16. The recent harmonization of the retirement age for judicial officers is meant to strengthen the rule of law, which is a critical pillar of democracy. The reform has just started.

17. The democracy that will yield right dividends to the people who are the shareholders means more than just freedom of choice and right to get people into elective offices. It means social and economic justice for our people. To the winner of June 12, democracy offers the best chance to fight and eliminate poverty. Thirty years ago, he christened his campaign manifesto, ‘Farewell to Poverty’ because he was convinced that there is nothing divine about poverty. It is a man-made problem that can be eliminated with clearly thought out social and economic policies.

18. It is for this reason that, in my inauguration address on May 29, I gave effect to the decision taken by my predecessor-in-office to remove the fuel subsidy albatross and free up for collective use the much-needed resources, which had hitherto been pocketed by a few rich. I admit that the decision will impose extra burden on the masses of our people. I feel your pain. This is one decision we must bear to save our country from going under and take our resources away from the stranglehold of a few unpatriotic elements.

19. Painfully, I have asked you, my compatriots, to sacrifice a little more for the survival of our country. For your trust and belief in us, I assure you that your sacrifice shall not be in vain. The government I lead will repay you through massive investment in transportation infrastructure, education, regular power supply, healthcare and other public utilities that will improve the quality of lives.

20. The democracy MKO Abiola died for is one that promotes the welfare of the people over personal interests of the ruling class and one where the governed can find personal fulfilment and happiness. That is the hope MKO Abiola ignited throughout our country in 1993.

21. On this year’s Democracy Day, I enjoin us all to rededicate ourselves to strengthening this form of government of free peoples that has been our guiding light these past 24 years. In particular, those of us who have been privileged to be elected into public offices at various levels in both the executive and legislative arms of government must recommit ourselves to offering selfless service to the people, and delivering concrete democracy dividends in accordance with our electoral promises.

22. On my part and that of my administration, I pledge anew our commitment to diligently fulfilling every component of our electoral pact with the people – the ‘Renewed Hope’ agenda.

23. We shall be faithful to truth. Faithful to equity. And faithful to justice. We shall exercise our authority and mandate to govern with fairness, respect for the rule of law, and commitment to always uphold the dignity of all our people.

24. On this note, I wish us all a happy Democracy Day celebration and pray that the light of liberty shall never be extinguished in our land.

25. Thank you all and may God continue to bless the Federal Republic of Nigeria.

About

Senator Bola Ahmed Tinubu is a man of many traditional honours across the country, from north to south, west to east. The array of titles he has garnered was only comparable to that of Chief Moshood Abiola, winner of the 1993 Presidential election.

Newsletter

Subscribe to our Newsletter to be updated.

en_USEnglish