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Tinubu Claims His Economic Reforms Are Yielding Results Despite Challenges

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President Bola Tinubu has announced that the economic reforms implemented since he assumed office are beginning to show positive outcomes.

While acknowledging the difficulties these policies have caused for Nigerians, the President emphasized that they were necessary to pull the country back from the brink of economic and social collapse.

Tinubu’s remarks were delivered at the 34th and 35th convocation ceremonies of the Federal University of Technology, Akure (FUTA), where he was represented by the Vice-Chancellor of the University of Ilorin, Professor Wahab Egbewole.

During his address, Tinubu highlighted a significant shift in the nation’s economic trajectory, noting that Nigeria is transitioning from a consumption-driven economy to one focused on production and self-reliance.

The President appealed to Nigerians for patience and understanding as his administration works to stabilize the country.

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He reassured citizens that his government remains open to constructive criticism while striving to implement policies that benefit all.

Tinubu also reiterated his commitment to prioritizing the well-being of future generations, explaining that key decisions, such as the removal of the fuel subsidy and the unification of exchange rates, were taken to address deep-rooted economic challenges.

He said, “These reforms were essential to secure the future of our children and reposition the country on the path of sustainable growth.

I am fully aware of the hardships caused by these measures and sincerely wish there were less painful alternatives.

However, they were necessary to rescue our economy and ensure long-term prosperity.”

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Tinubu pointed out that while macroeconomic indicators are showing signs of improvement, the impact on individual households—the microeconomy—will take time to fully manifest.

He expressed optimism, stating that gradual progress is being made, and citizens will soon begin to feel tangible benefits.

“Every household will, by the grace of God, experience an improved quality of life and greater hope for the future,” he assured.

The President also addressed the issue of national security, affirming his administration’s dedication to protecting Nigerians in all regions.

“We are working tirelessly to ensure the safety and security of every Nigerian.

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Our revamped security architecture is yielding results, and the dark days of insecurity are becoming a thing of the past.

We remain focused on building a nation where everyone can thrive in peace and prosperity,” Tinubu added.

Professor Wahab Egbewole, who represented Tinubu at the event, commended FUTA for its contributions to national development through innovation and technology.

He encouraged the graduating students to apply their skills toward solving societal challenges, noting that the country’s economic transformation depends heavily on youth empowerment and technological advancement.

The removal of the fuel subsidy earlier this year was one of Tinubu’s most controversial decisions.

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While it caused an immediate spike in fuel prices and transportation costs, his administration argued that the funds previously spent on subsidies could now be redirected toward critical infrastructure and social programs.

Similarly, the unification of exchange rates aimed to reduce market distortions and attract foreign investment, though it initially led to inflationary pressures.


 

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No Parade This Year as Tinubu Plans Morning Speech for Democracy Day

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The Federal Government has officially called off the traditional military parade for the 26th Democracy Day celebration, which is set for Thursday, June 12, 2025. In a statement shared by Abdulhakeem Adeoye on behalf of the committee’s Director of Information and Public Relations, it was confirmed that President Bola Tinubu will instead deliver a national broadcast by 7 a.m. on the same day.

Later at noon, the President will join a special joint session of the National Assembly, where lawmakers will discuss national issues, reflect on the country’s democratic path, and speak on the need for unity and meaningful reforms. A public lecture will also take place by 4 p.m. at the State House Conference Centre in Abuja. The event is expected to draw key government figures, political leaders, and members of civil society, all gathering to assess the nation’s progress in democracy.

The theme for this year’s commemoration is “Consolidating on the Gains of Nigeria’s Democracy: Necessity of Enduring Reforms,” focusing on how far Nigeria has come and the steps needed to keep improving.


 

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Ogun State Water Corporation Unveils Smart Tech Plan to Boost Service Delivery

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Ogun State Water Corporation (OGSWC) has reportedly shared an update, they stated that a strategic plan has been made to enhance the service delivery for the advanced technology for the beginning of the next quarter.

Damilola Otubanjo, the special advisee to the operation highlights the major move that will occur with this plan “We are phasing out estimated billing and ensuring all new connections are on prepaid meters. This will help us build a more accurate customer database and significantly improve service delivery.”

“With Smart Meters and Sensors, we can detect faults and leaks remotely, enabling quicker responses and minimizing water loss. Just as people recharge electricity from their homes, we want our customers to pay for water without needing any physical interaction with our staff.”


 

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“No Other Candidate Brings What I Bring to the Table” – Peter Obi Says

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Peter Obi, former Labour Party presidential candidate, has declared that democracy no longer exists in Nigeria. Speaking in an interview with Arise TV, Obi pointed to the recent Edo State governorship election and the unfolding political crisis in Rivers State as clear signs that democratic principles have collapsed.

Obi condemned President Tinubu’s decision to declare a state of emergency in Rivers over tensions between Governor Sim Fubara and FCT Minister Nyesom Wike. The President’s move included suspending the governor, his deputy, and the entire State Assembly for six months, replacing them with a Sole Administrator.

Obi criticized the decision, arguing that no one should govern without a mandate from the people. “There is no democracy in Nigeria today,” he said. When asked why he plans to contest the 2027 presidential election, Obi said the fight for real democracy must continue. “Look at the Edo election — does that look like democracy? Rivers State buried the whole idea,” he said.

“You can’t fix problems by breaking the rules,” Obi added. “I’m still committed to building a better Nigeria. I have the background, the experience, and I’ve served in both the corporate world and as a governor. No other candidate brings what I bring to the table.”


 

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