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Peak News, Lagos (2025)

09/10/2025

STATEHOUSE PRESS RELEASE

NATIONAL COUNCIL OF STATE UNANIMOUSLY APPROVES APPOINTMENT OF PROFESSOR AMUPITAN AS INEC CHAIRMAN

The National Council of State has approved the nomination of Professor Joash Ojo Amupitan (SAN) from the North-Central as the new Chairman of the Independent National Electoral Commission (INEC).

President Bola Ahmed Tinubu presented Amupitan as the nominee to fill the vacant position, following Professor Mahmood Yakubu's exit. Yakubu served from 2015 till October 2025.

President Tinubu told the council that Amupitan is the first person from Kogi, North-Central state, nominated to occupy the position and is apolitical.

Council members unanimously supported the nomination, with Governor Ahmed Usman Ododo describing Amupitan as a man of integrity.

In compliance with the constitution, President Tinubu will now send Amupitan’s name to the Senate for screening.

Amupitan, 58, from Ayetoro Gbede, Ijumu LGA in Kogi State, is a Professor of Law at the University of Jos, Plateau. He is also an alumnus of the university.

He specialises in Company Law, Law of Evidence, Corporate Governance and Privatisation Law. He became a Senior Advocate of Nigeria in September 2014.

Amupitan was born on April 25, 1967.

After completing primary and secondary education, he attended Kwara State Polytechnic, Ilorin, from 1982 to 1984, and the University of Jos from 1984 to 1987. He was called to the bar in 1988.

He earned an LLM at UNIJOS in 1993 and a PhD in 2007, amid an academic career that began in 1989, following his National Youth Service at the Bauchi State Publishing Corporation in Bauchi from 1988 to 1989.

Currently, he serves as the Deputy Vice-Chancellor (Administration) at the University of Jos, a position he holds in conjunction with being the Pro-Chancellor and Chairman of the Governing Council of Joseph Ayo Babalola University in Osun State.

Among the academic positions he has held at UNIJOS are: Chairman of the Committee of Deans and Directors (2012-2014); Dean of the Faculty of Law (2008-2014); and Head of Public Law (2006-2008).

Outside of academics, Amupitan serves as a board member of Integrated Dairies Limited in Vom, a member of the Nigerian Institute of Advanced Legal Studies Governing Council, and a member of the Council of Legal Education (2008-2014), among other roles. He was a board member of Riss Oil Limited, Abuja(1996-2004).

Amupitan is the author of many books on law, such as Corporate Governance: Models and Principles(2008); Documentary Evidence in Nigeria (2008); Evidence Law: Theory and Practice in Nigeria(2013), Principles of Company Law(2013) and an Introduction to the Law of Trust in Nigeria (2014).

He is married and has four children.

Bayo Onanuga
Special Adviser to the President

(Information and Strategy)

October 9, 2025

01/10/2025

NATIONAL BROADCAST BY HIS EXCELLENCY BOLA AHNED TINUBU, GCFR, PRESIDENT OF THE FEDERAL REPUBLIC OF NIGERIA ON THE 65TH INDEPENDENCE ANNIVERSARY OF NIGERIA, OCTOBER 1, 2025

Fellow Nigerians,

Today marks the 65th anniversary of our great nation's Independence. As we reflect on the significance of this day and our journey of nationhood since October 1, 1960, when our founding fathers accepted the instruments of self-government from colonial rule, let us remember their sacrifice, devotion, and grand dream of a strong, prosperous, and united Nigeria that will lead Africa and be the beacon of light to the rest of the world.

2. Our founding heroes and heroines—Herbert Macaulay, Dr Nnamdi Azikiwe, Sir Abubakar Tafawa Balewa, Chief Obafemi Awolowo, Sir Ahmadu Bello, Margaret Ekpo, Anthony Enahoro, Ladoke Akintola, Michael Okpara, Aminu Kano, Funmilayo Ransome-Kuti, and other nationalists—believed it was Nigeria's manifest destiny to lead the entire black race as the largest black nation on earth.

3. For decades, the promise of our Independence has been tested by profound social, economic, and political challenges, and we have survived. While we may not have achieved all the lofty dreams of our forebearers, we have not strayed too far from them. In 65 years since our Independence, we have made tremendous progress in economic growth, social cohesion, and physical development. Our economy has experienced significant growth since 1960.

4. Although, it is much easier for those whose vocation is to focus solely on what ought to be, we must recognise and celebrate our significant progress. Nigerians today have access to better education and healthcare than in 1960. At Independence, Nigeria had 120 secondary schools with a student population of about 130,000. Available data indicate that, as of year 2024, there were more than 23,000 secondary schools in our country. At Independence, we had only the University of Ibadan and Yaba College of Technology as the two tertiary institutions in Nigeria. By the end of last year, there were 274 universities, 183 Polytechnics, and 236 Colleges of Education in Nigeria, comprising Federal, State, and private institutions. We have experienced a significant surge in growth across every sector of our national life since Independence - in healthcare, infrastructure, financial services, manufacturing, telecommunications, information technology, aviation and defence, among others.

5. Our country has experienced both the good and the bad times in its 65 years of nationhood, as is normal for every nation and its people. We fought a bitter and avoidable civil war, experienced military dictatorships, and lived through major political crises. In all these, we weathered every storm and overcame every challenge with courage, grit, and uncommon determination. While our system and ties that bind us are sometimes stretched by insidious forces opposed to our values and ways of life, we continue to strive to build a more perfect union where every Nigerian can find better accommodation and find purpose and fulfilment.
6. Fellow Compatriots, this is the third time I will address you on our independence anniversary since I assumed office as your President on May 29, 2023. In the last 28 months of my administration, like our founding fathers and leaders who came before me, I have committed myself irrevocably to the unfinished nation-building business.

7. Upon assuming office, our administration inherited a near-collapsed economy caused by decades of fiscal policy distortions and misalignment that had impaired real growth. As a new administration, we faced a simple choice: continue business as usual and watch our nation drift, or embark on a courageous, fundamental reform path. We chose the path of reform. We chose the path of tomorrow over the comfort of today. Less than three years later, the seeds of those difficult but necessary decisions are bearing fruit.

8. In resetting our country for sustainable growth, we ended the corrupt fuel subsidies and multiple foreign exchange rates that created massive incentives for a rentier economy, benefiting only a tiny minority. At the same time, the masses received little or nothing from our Commonwealth. Our administration has redirected the economy towards a more inclusive path, channelling money to fund education, healthcare, national security, agriculture, and critical economic infrastructure, such as roads, power, broadband, and social investment programmes. These initiatives will generally improve Nigerians' quality of life. As a result of the tough decisions we made, the Federal and State governments, including Local Governments, now have more resources to take care of the people at the lower level of the ladder, to address our development challenges.

9. Fellow Nigerians, we are racing against time. We must build the roads we need, repair the ones that have become decrepit, and construct the schools our children will attend and the hospitals that will care for our people. We have to plan for the generations that will come after us. We do not have enough electricity to power our industries and homes today, or the resources to repair our deteriorating roads, build seaports, railroads, and international airports comparable to the best in the world, because we failed to make the necessary investments decades ago. Our administration is setting things right.
10. I am pleased to report that we have finally turned the corner. The worst is over, I say. Yesterday's pains are giving way to relief. I salute your endurance, support, and understanding. I will continue to work for you and justify the confidence you reposed in me to steer the ship of our nation to a safe harbour.

11. Under our leadership, our economy is recovering fast, and the reforms we started over two years ago are delivering tangible results. The second quarter 2025 Gross Domestic Product grew by 4.23%—Nigeria’s fastest pace in four years—and outpaced the 3.4 per cent projected by the International Monetary Fund. Inflation declined to 20.12% in August 2025, the lowest level in three years. The administration is working diligently to boost agricultural production and ensure food security, reducing food costs.
12. In the last two years of our administration, we have achieved 12 remarkable economic milestones as a result of the implementation of our sound fiscal and monetary policies:

i. We have attained a record-breaking increase in non-oil revenue, achieving the 2025 target by August with over N20 trillion. In September 2025 alone, we raised N3.65 trillion, 411% higher than the amount raised in May 2023.
ii. We have restored Fiscal Health: Our debt service-to-revenue ratio has been significantly reduced from 97% to below 50%. We have paid down the infamous "Ways and Means" advances that threatened our economic stability and triggered inflation. Following the removal of the corruptpetroleum subsidy, we have freed up trillions of Naira for targeted investment in the real economy and social programmes for the most vulnerable, as well as all tiers of government.
iii. We have a stronger foreign Reserve position than three years ago. Our external reserves increased to $42.03 billion this September—the highest since 2019.

iv. Our tax-to-GDP ratio has risen to 13.5 per cent from less than 10 per cent. The ratio is expected to increase further when the new tax law takes effect in January. The tax law is not about increasing the burden on existing taxpayers but about expanding the base to build the Nigeria we deserve and providing tax relief to low-income earners.
v. We are now a Net Exporter: Nigeria has recorded a trade surplus for five consecutive quarters. We are now selling more to the world than we are buying, a fundamental shift that strengthens our currency and creates jobs at home. Nigeria’s trade surplus increased by 44.3% in Q2 2025 to ₦7.46 trillion ($4.74 billion), the largest in about three years. Goods manufactured in Nigeria and exported jumped by 173%. Non-oil exports, as a component of our export trade, now represent 48 per cent, compared to oil exports, which account for 52 per cent. This signals that we are diversifying our economy and foreign exchange sources outside oil and gas.

vi. Oil production rebounded to 1.68 million barrels per day from barely one million in May 2023. The increase occurred due to improved security, new investments, and better stakeholder management in the Niger Delta. Furthermore, the country has made notable advancements by refining PMS domestically for the first time in four decades. It has also established itself as the continent's leading exporter of aviation fuel.
vii. The Naira has stabilised from the turbulence and volatility witnessed in 2023 and 2024. The gap between the official rate and the unofficial market has reduced substantially, following FX reforms and fresh capital and remittance inflows. The multiple exchange rates, which fostered corruption and arbitrage, are now part of history. Additionally, our currency rate against the dollar is no longer determined by fluctuations in crude oil prices.

viii. Under the social investment programme to support poor households and vulnerable Nigerians, N330 billion has been disbursed to eight million households, many of whom have received either one or two out of the three tranches of the N25,000 each.

ix. Coal mining recovered dramatically from a 22% decline in Q1 to 57.5% growth in Q2, becoming one of Nigeria’s fastest-growing sectors. The solid mineral sector is now pivotal in our economy, encouraging value-added production of minerals extracted from our soil.

x. The administration is expanding transport infrastructure across the country, covering rail, roads, airports, and seaports. Rail and water transport grew by over 40% and 27%, respectively. The 284-kilometre Kano-Kastina-Maradi Standard Gauge rail project and the Kaduna-Kano rail line are nearing completion. Work is progressing well on the legacy Lagos-Calabar Coastal Highway and Sokoto-BadagryHighway. The Federal Executive Council recently approved $3 billion to complete the Eastern Rail Project.

xi. The world is taking notice of our efforts. Sovereign credit rating agencies have upgraded their outlook for Nigeria, recognising our improved economic fundamentals. Our stock market is experiencing an unprecedented boom, rising from an all-share index of 55,000 points in May 2003 to 142,000 points as of September 26, 2025.

xii. At its last MPC meeting, the Central Bank slashed interest rates for the first time in five years, expressing confidence in our country's macroeconomic stability.

SECURITY:

13. We are working diligently to enhance national security, ensuring our economy experiences improved growth and performance. The officers and men of our armed forces and other security agencies are working tirelessly and making significant sacrifices to keep us safe. They are winning the war against terrorism, banditry and other violent crimes. We see their victories in their blood and sweat to stamp out Boko Haram Terror in North-East, IPOB/ESN terror in South East and banditry and kidnapping. We must continue to celebrate their gallantry and salute their courage on behalf of a grateful nation. Peace has returned to hundreds of our liberated communities in North-West and North-East, and thousands of our people have returned safely to their homes.

YOUTH:

14. I have a message for our young people. You are the future and the greatest assets of this blessed country. You must continue to dream big, innovate, and conquer more territories in your various fields of science, technology, sports, and the art and creative sector. Our administration, through policies and funding, will continue to give you wings to fly sky-high. We created NELFUND to support students with loans for their educational pursuits. Approximately 510,000 students across 36 states and the FCT have benefited from this initiative, covering 228 higher institutions. As of September 10, the total loan disbursed was N99.5 billion, while the upkeep allowance stood at N44.7 billion.

15. Credicorp, another initiative of our administration, has granted 153,000 Nigerians N30 billion affordable loans for vehicles, solar energy, home upgrades, digital devices, and more.

16. YouthCred, which I promised last June, is a reality, with tens of thousands of NYSC members now active beneficiaries of consumer credit for resettlement.

17. Under our Renewed Hope Agenda, we promised to build a Nigeria where every young person, regardless of background, has an equitable opportunity to access a better future—thus, the Investment in Digital and Creative Enterprises (iDICE) programme. The Bank of Industry is driving the programme, in collaboration with the African Development Bank, the French Development Agency, and the Islamic Development Bank. This initiative is at the cusp of implementation. Over the last two years, we have collaborated with our partners to launch the programme, supporting our young builders and dreamers in the technology and creative sectors.

A MESSAGE OF HOPE

18. Fellow Nigerians, I have always candidly acknowledged that these reforms have come with some temporary pains. The biting effects of inflation and the rising cost of living remain a significant concern to our government. However, the alternative of allowing our country to descend into economic chaos or bankruptcy was not an option. Our macro-economic progress has proven that our sacrifices have not been in vain. Together, we are laying a new foundation cast in concrete, not on quicksand.

19. The accurate measure of our success will not be limited to economic statistics alone, but rather in the food on our families' tables, the quality of education our children receive, the electricity in our homes, and the security in our communities. Let me assure you of our administration's determination to ensure that the resources we have saved and the stability we have built are channelled into these critical areas. Today, the governors at the state level, and the local government autonomy are yielding more developments.

20. Therefore, on this 65th Anniversary of Our Independence, my message is hope and a call to action. The federal government will continue to do its part to fix the plumbing in our economy. Now, we must all turn on the taps of productivity, innovation, and enterprise, just like the Ministry of Interior has done with our travel passports, by quickening the processing. In this regard, I urge the sub-national entities to join us in nation-building. Let us be a nation of producers, not just consumers. Let us farm our land and build factories to process our produce. Let us patronise ‘Made-in-Nigeria’ goods. I say Nigeria first. Let us pay our taxes.

21. Finally, let all hands be on deck. Let us believe, once more, in the boundless potential of our great nation.

22. With Almighty God on our side, I can assure you that the dawn of a new, prosperous, self-reliant Nigeria is here.

23. Happy 65th Independence Anniversary, and may God continue to bless the Federal Republic of Nigeria.
Amen.

Bola Ahmed Tinubu, GCFR
President and Commander-In-Chief of the Armed Forces of the Federal Republic of Nigeria,
Presidential Villa,

Abuja.

13/08/2025

PRESS STATEMENT: DECISION TO WITHDRAW CRIMINAL COMPLAINT AGAINST MS. COMFORT EMMANSON AND TO ADDRESS RELATED MATTERS

1. In the last 48 hours, I have been in consultation with critical stakeholders in the Aviation Sector and those involved in the unfortunate incidents regarding the unruly behaviours of certain individuals at our airports of recent.

2. Though regrettable, we think valuable lessons have been learnt by all sides to these incidents and airport security protocol, especially, have been well highlighted for the travelling public. If nothing at all, the episodes have undoubtedly helped to raise public awareness about appropriate conduct within the aviation space.

3. As highlighted in my previous statements on the last two incidents, clear wrongs were committed by both the offending passengers and staff of the airlines involved from all the evidence available to us and those available to the public. It is clear that all the actors involved cannot continue to highlight the injury or injustice done to them without acknowledging their own equal culpability.

5. Therefore, after reviewing the entire incidents, including appeals made by well-meaning individuals and remorse shown by the actors, the following decisions have been reached:

THE CASE OF IBOM AIRLINE AND MS. COMFORT EMMANSON

(a) In the case of the unruly passenger, Ms. Comfort Emmanson, on the Ibom Airline on Sunday, the 10th of August, 2025, I have conferred with Ibom Airline to withdraw the Complaint against her today. When the Police took her Statement in presence of her lawyer, she exhibited great remorse for her conduct.

(b) Subsequent to the withdrawal of the complaint by the Complainant, the CP of Airport Command and the Police Prosecutor will immediately take the remaining steps to facilitate her release from Kirikiri Prisons within this week.

(c) I have also conferred with the leadership of the Airline Operators of Nigeria (AON) and have appealed to them to lift the life-time flying ban imposed on her, to which they agreed. The details of the resolution will be made public by the AON subsequently.

THE CASE OF VALUEJET AND WASIU AYINDE MARSHALL (KWAM 1)

(d) In the case of KWAM 1, the NCAA is to reduce his flight ban to a one-month period. FAAN will also work with the music star with a view to engaging him as an ambassador for proper airport security protocol going forward.

(e) Having publicly demonstrated penitence, the NCAA is also to withdraw its criminal complaints against KWAM 1 earlier lodged with the Police.

(f) In the case of Captain Oluranti Ogoyi, and the co-pilot, First Officer Ivan Oloba of VALUEJET, the NCAA is to restore their licenses after the same period of one-month ban after undergoing some mandatory professional re-appraisal. The details will be announced by the NCAA.

AIRLINE OPERATORS, AVIATION AND OTHER GOVERNMENT AGENCIES

6. I have directed all relevant Aviation agencies in collaboration with other complementary agencies outside aviation to IMMEDIATELY begin a retreat NEXT WEEK to properly retrain and prepare our Aviation security personnel on how to deal with errant and disruptive passengers and how to deescalate potentially explosive situations. The retreat will be fully covered by the Press with the opportunity to ask all the relevant questions.

7. The Airlines will also have their own session when the conduct and attitude of their staff towards members of the travelling public will be in full focus.

FINAL COMMENTS

8. These above decisions were taken by Government and the airline operators purely on COMPASSIONATE grounds as Government will never pander to base sentiments, politically-motivated views or warped legal opinions when clear encroachment of our laws are involved.

9. We are also sending a CLEAR MESSAGE that we take safety and security in the aviation sector very seriously and we have decided to draw a line after these clemencies.

FESTUS KEYAMO, SAN, CON, FCIArb (UK)

Wednesday, August 13, 2025

02/08/2025

IWEREKUN COMMUNITY SENIOR HIGH SCHOOL RETAINS TROPHY AT 9TH TOLARAM SCIENCE CHALLENGE

The 9th edition of the Annual Tolaram Science Challenge for secondary school students in the Ibeju-Lekki area of Lagos State ended on a high note with Iwerekun Community Senior High School, Lakowe, emerging as the overall winner.

The school secured first position for the second year in a row, solidifying its reputation for academic excellence.

The competition, designed to promote intellectual growth, healthy academic rivalry, and scientific curiosity, featured 96 students from 19 schools across the Ibeju-Lekki axis. Participants were tested in Physics, Chemistry, Biology, Mathematics, and General Knowledge.

Following the event, representatives of Iwerekun Community SHS paid a courtesy visit to the Tutor-General/Permanent Secretary of Education District III, Dr.Idowu Olufunke Oyetola, to present the trophy.

Dr. Oyetola congratulated the students and their teachers for their outstanding achievement and for bringing pride to the district. She encouraged them to remain focused on their studies and to continue striving for excellence.

The Tolaram Science Challenge remains a key platform for nurturing scientific talent and academic discipline among young minds in Lagos State.

13/07/2025

It is with profound sorrow and a heavy heart that I received the news of the passing of His Excellency, Major General Muhammadu Buhari (Rtd), GCFR, my predecessor, who departed this life today, Sunday, July 13, 2025, at a hospital in the United Kingdom.

President Buhari was to the very core, a patriot, a soldier, a statesman. His legacy of service and sacrifice endures. He served Nigeria with unwavering dedication, first as a military leader from January 1984 to August 1985, and later as a democratically elected President from 2015 to 2023. Duty, honour, and a deep commitment to the unity and progress of our nation defined his life.

He stood firm through the most turbulent times, leading with quiet strength, profound integrity, and an unshakable belief in Nigeria’s potential. He championed discipline in public service, confronted corruption head-on, and placed the country above personal interest at every turn.

In this moment of national mourning, I extend my deepest condolences to his beloved wife, Aisha, with whom I have been in constant touch, his children, the entire Buhari family, and all who knew and loved him.

I also extend my condolences to the government and people of Katsina State, most especially the people and traditional leaders of Daura Emirate.

We honour his service. We reflect on his legacy. And we pray for the peaceful repose of his soul.

As a mark of respect to our former leader, I have directed that all national flags fly at half-staff across the country for seven days from today.

I have also summoned an emergency Federal Executive Council session on Tuesday, dedicated to his honour.

The Federal Government will accord President Buhari full state honours befitting his towering contributions to our country.

May Allah forgive his shortcomings and grant him Al-Jannah Firdaus.

And may his life continue to inspire generations of Nigerians to serve with courage, conviction, and selflessness.

Bola Ahmed Tinubu, GCFR
President, Federal Republic of Nigeria
July 13, 2025

22/06/2025

Local Government Elections in Lagos State is July 12, 2025. Please go out and cast your vote. Your vote counts!

12/06/2025

STATEHOUSE PRESS RELEASE

ADDRESS BY PRESIDENT BOLA AHMED TINUBU, GCFR
AT THE JOINT SESSION OF THE NATIONAL ASSEMBLY IN COMMEMORATION OF
DEMOCRACY DAY, 2025

THURSDAY, 12TH JUNE 2025

Protocol:

With profound honour, I stand before this joint session of our National Assembly; a parliament that embodies the will of the Nigerian people.

2. Today, as I entered this grand edifice built from the sweat and toil of our democratic yearning, my heart stirred. It was a blend of accomplishment and resolve.

3. I felt a sense of collective accomplishment when I realised how far we
had come as a nation. Since 1999, democracy has risen from the ashes and
destitution of military rule to take its rightful place as the only mode of
governance of our resilient and beloved people.

4. With every footstep I took through these hallowed halls up to the
moment I now stand before you, I remembered that we still have much
further to go.

5. To achieve this progress, we sought an elective office to lead this
nation forward. Thus, I hereby affirm before our Merciful and Almighty God
and all men my resolve to do all that I can to safeguard and build our
democracy as the Divine hand intends for us to do.

6. Since 2018, we have celebrated Democracy Day on this day; to
commemorate the sacrifices of the men and women who fought to restore
democratic governance to Nigeria.

7. Let me pay tribute to former President Muhammadu Buhari for
reaching back into history to rectify a national misdeed by making June 12
Democracy Day and by officially acknowledging Chief Moshood Kashimawo
Olawale Abiola and his running mate, Babagana Kingibe, as the victors and
thus duly elected President and Vice President respectively of Nigeria after
the June 12, 1993 elections.

8. Year by year, election after election, every time we debate instead of
battle, discuss instead of fight, and argue instead of destroy, we preserve
the institutions of democracy. More importantly, we weave the culture of
democracy into the very fabric of our nation.

9. Whilst Chief MKO Abiola is June 12's central figure, we must not forget
the long list of those who equally deserve to be called heroes of Nigerian
democracy.
10. We must celebrate the courage of Alhaja Kudirat Abiola and Pa Alfred
Rewane, both of whom were murdered by agents of military repression. We
also remember the many civil rights activists, journalists, and politicians
imprisoned, exiled, tossed aside, tortured and beaten by the military regime.

11. We remember Chief Anthony Enahoro, Commodore Dan Suleiman,
Chief Abraham Adesanya, Ayo Adebanjo, Chief Gani Fawehinmi, Balarabe
Musa, Ganiyu Dawodu, the journalist Bagauda Kaltho, and Commodore
Ndubuisi Kanu. I mention these names not to exclude or degrade the
profound contributions of anyone else, but to illustrate, through these few
heroes, the universality of our pursuit of democracy.

12. The struggle was never the province of any one group or section of the
country, it was pan-Nigerian in its conception and will be even more pan-
Nigerian as we strive to perfect it.

13. It is fitting that I come to this chamber. You are the authors of the
people's law, and I must be their faithful implementer. While we may not
always agree, we must forge a way to work together because this is what
democracy demands of us. I pledge myself to this cooperation and ask that
you do the same for the good of our people.

14. Mr. Chairman, the National Assembly has acted to uphold democratic
ideals at every critical moment in our national history. In 2006, the 5th
National Assembly protected our democracy against an unseemly third-term
bid that would have ripped our constitution apart. In 2010, the National
Assembly, through the doctrine of necessity, opened the door for then-Vice
President Goodluck Jonathan to become the acting President following the
illness of his predecessor.

15. Even under the military, the National Assembly tried to protect our
democracy. After General Abacha took over power on November 17, 1993,
and dissolved the National Assembly, some of us, led by Senator Ameh
Ebute, the Senate President in the 3rd Republic, defied the General and his
goons to reconvene in the Old Parliament Building in Lagos. We were jailed
for our defiance.

16. On behalf of a grateful nation, I commend your invaluable role in
lawmaking, oversight, and constituency representation.

17. At this point, I plead for your indulgence so that I may put a terrible rumour to bed.

18. To those who ring the alarm that the APC is intent on a one-party state,
I offer you a most personal promise. While your alarm may be as a result of
your panic, it rings in error. At no time in the past, nor any instance in the
present, and at no future juncture shall I view the notion of a one-party state
as good for Nigeria. I have never attempted to alter any political party
registration with INEC. Equally, my friends, we cannot blame anybody
seeking to bail out of a sinking ship even without a life jacket.

19. Look at my political history. I would be the last person to advocate such
a scheme. In 2003, when the then-governing party tried to sweep the nation
clean of political opposition through plot and manipulation, I was the last of
the progressive governors standing in my region.

20. In all their numbers and false grandeur, they boasted of ruling, not
governing, Nigeria for the next half century or more. Where are they now?

21. Yet, I stood alone. My allies had been induced into defeat. My
adversaries held all the cards that mortal man could carry. Even with all of
that, they could not control our national destiny because fate is written from
above. A greater power did not want Nigeria to become a one-party state
back then. Nigeria will not become such a state now.

22. The failed effort to create a one-party state placed progressive political
forces on a trajectory to form the APC. It put me on the trajectory which has
brought me before you today. I dare not do such a favour to any political
adversary by repeating the same mistake of political overreach.

23. A one-party state is not in the offing. Nor should it ever be. That said,
we would be guilty of political malpractice if we closed the door on those from
other parties who now seek to join the APC and I sincerely welcome our
party’s newest members from Delta and Akwa Ibom States led by Governor
Sheriff Oborevwori and Pastor Umo Eno and other members of this National
Assembly.

24. Political parties fearful of members leaving may be better served by
examining their internal processes and affairs rather than fearfully conjuring
up demons that do not exist. For me, I would say try your best to put your
house in order. I will not help you do so. It is, indeed, a pleasure to witness
you in such disarray.

25. We must welcome and accept the diversity and number of political
parties just as we welcome and embrace the diversity of our population. Our
efforts must never be to eliminate political competition but to make that
competition salutary to the national well-being by working across the political
aisle whenever possible.

26. One area in which democracy calls us to work together, whether in the
legislative or executive branch, whether in this or other political parties, is
that of economic and social development.

27. Upon assuming office, my team and I moved to reform our ailing
economy. We introduced fundamental reforms to correct structural
imbalances that prevented maximum growth.

28. We are already seeing results. GDP grew by 3.4 per cent in 2024, with
Q4 hitting 4.6 per cent, the highest quarter of growth in over a decade.
Inflation is easing gradually, steadying the price of food staples like rice and
beans. Our net foreign reserves have increased fivefold, and the Naira
exchange rate has stabilised. Our balance of payments position is positive;
our sovereign credit rating is improving as we continue to promote oil and
non-oil exports. States now do not need to go about borrowing to pay
salaries.

29. In less than one year, over one hundred thousand Nigerians, including thirty-five thousand civil servants, have benefited from affordable consumer credit through the Nigerian Consumer Credit Corporation (CREDICORP), enabling them to purchase vehicles, light up and improve their homes and purchase life essentials. This July, we will launch a bold new initiative to empower four hundred thousand young Nigerians, including youth corpers, with consumer credit.

30. We are committed to giving more opportunities to young people through job creation and skills development. Through such programs as NELFUND, we are investing in education, vocational training, apprenticeships, and internships to ensure our youth are job-ready and
future-ready.

31. In addition, we have embarked on an ambitious project to lay fibre optic cables across the nation, a transformative step toward bridging the digital divide and fostering greater connectivity. This initiative promises not only to enhance the speed and reliability of internet access but also to revolutionize how businesses operate, how students learn, and how communities stay connected. By extending this critical infrastructure, we are empowering entrepreneurs, enabling digital education, and providing the tools for our youth to compete in a globalized world.

32. Our "Nigeria First" policy will further enhance progress as we consolidate market-driven growth. The improved economic performance is encouraging and validates the soundness of our policy measures. Our medium-term growth target remains an economy growing at a 7 per cent clip with a stronger manufacturing base. We must learn to produce and grow most of our food and we are on the path to achieving food sovereignty.

33. These and other reforms have placed the economy on a more rational footing where critical decisions regarding large-scale investment can now be made.

34. I ask you, the legislature, to join me as we enter the second half of our term to put forth innovative legislation that further encourages industrial development and job creation in our urban centres while also drafting laws that improve food security and production.

35. To further underpin our economic vision, we introduced a comprehensive Tax Reform Package, a vital component of our economic re- engineering. I am deeply grateful to both chambers for your thorough consideration and deliberation of these bills, and I look forward to signing them into law soon.

36. Again, your collaboration across party lines on these bills has been a model of democratic partnership.

37. As elected leaders, we must continue to do more to make real the dream of Nigeria's political and economic democracy.

38. We must be vigilant in expanding the political space. We must always value dialogue over dictatorship, persuasion over suppression and rights over might. Be tolerant and broad-minded in your legislative action regarding speech and civil liberties.

39. Do not be afraid to hear an unkind word spoken against you. Some of the best advice a politician gets sometimes comes from his most ferocious opponents. We dare not seek silence because the imposed silence of repressed voices breeds chaos and ill will, not the harmonics of democracy in the long term.

40. While malicious slander and libel should not go unattended, no one should bear the brunt of injustice for merely writing a bad report about me or calling me names. Democracy requires a fair degree of tolerance for harsh words and stinging insults. Call me names, call me whatever you will, and I will still call upon democracy to defend your right to do so. Mr. Senate President, Mr. Speaker, Distinguished Senators and Honourable Members.

41. Our nation is not perfect, but it is strong. Our democracy is not invincible, but it is alive. And this means our dream of a prosperous, happy nation is still within reach and worth fighting for.

42. Mr. Chairman, Nigeria is at an inflexion point, undergoing structural and fundamental change toward a secure future.

43. Our administration is fully committed to boosting the economy's productive base. Through investment in critical infrastructure, roads, expansion of port operations, rail, and power we are creating a new environment in which industry and manufacturing can thrive. Our tax and fiscal policy reforms will streamline tax administration and eliminate burdensome and multiple taxes enabling our industrialists and entrepreneurs to operate in a more conducive environment.

44. Governance must work and deliver value to the people. As part of our tax reforms, we have provided small businesses with an exemption and established the Office of the Tax Ombudsman to ensure transparency and protect taxpayer rights. Digital tools now help us track performance and reduce waste. The Diaspora Bond and Non-Resident BVN are bringing
Nigerians abroad into the national development fold.

45. In line with my promise during my New Year address to the nation, I recently appointed the board of directors of the newly established National Credit Guarantee Company. The company backed with 100 billion naira in initial capital; with BOI, which, by the way, is performing very well in supporting SMEs, NSIA, CreditCorp, and MOFI as stakeholders, will play a significant role in transforming the nation's industrial landscape and reducing
corruption.

46. National Security is the foundation of peace and progress. We have intensified security operations to reclaim communities from criminals and terrorists. We are better at coordinating intelligence, and inter-agency cooperation has improved. Our highways are safer, and we invest in technology and training to secure every inch of this country.

47. Let us take this opportunity to thank the men and women of our Armed Forces for their bravery in service of the nation. Their selfless dedication to protecting our sovereignty and ensuring the safety of citizens should serve as an inspiration to us all. As we celebrate the progress of our democracy, we must not forget the pivotal role they play in safeguarding our freedoms. For their courage and commitment, they deserve not only our gratitude but
also our continued support, prayers and recognition.

48. Fellow compatriots, our achievements are not the work of one man. They are the result of a collective effort to make possible the Nigerian Dream. Yet, the journey is not over. We must work even harder to translate broad macroeconomic gains into tangible improvements in the lives of ordinary Nigerians. We must stay the course, reject cynicism, and believe Nigeria can and will rise again.

49. As we mark a twenty-sixth year of unbroken democracy, it is right to honour those who have made sacrifices in the past, braving all the odds and the guns to ensure we have a regime of democracy in our country.

50. In this light, I announce the conferment of the posthumous national honour of CFR on Kudirat Abiola, the heroine of the June 12 struggle.

51. I also confer posthumous national honours on Shehu Musa Yar’Adua (GCFR), Prof. Humphrey Nwosu (CON), Rear Admiral Ndubuisi Kanu (CON), Alhaji Balarabe Musa (CFR), Pa. Alfred Rewani (CFR), Bagauda Kaltho (OON), Chima Ubani (OON), Dr. Beko Ransome-Kuti (CON), Alao Aka Bashorun (CON), Chief Frank Kokori (CON), Emma Ezeazu (OON), Bamidele Aturu (OON), Fredrick Fasehun (CON), Professor Festus Iyayi (CON), Dr John Yima Sen (OON), Alhaja Sawaba Gambo (CON), Dr. Alex Ibru (CON), Chief Bola Ige (CFR), Pa. Reuben Fasoranti (CFR), Sen. Ayo Fasanmi (CON), Sen. Polycarp Nwite (CON) and Dr. Nurudeen Olowopopo (CON).

52. I also confer national honours on Prof. Wole Soyinka (GCON), Prof. Olatunji Dare (CON), the journalist and journalism teacher; Kunle Ajibade (OON); Nosa Igiebor (OON), Dapo Olorunyomi (OON), Bayo Onanuga (CON), Ayo Obe (OON), Dare Babarinsa (CON), Bishop Matthew Hassan Kukah (CON), Senator Shehu Sani (CON), Governor Uba Sani (CON), Barrister Femi Falana, SAN (CON), Prof. Shafideen Amuwo (CON), Barrister Luke Aghanenu (OON), Senator Tokunbo Afikuyomi (CON), Hon. Labaran Maku (OON), Dr. Tunji Alausa (CON), Mr Nick Dazang (OON), Hon Abdul Oroh (OON), Odia Ofeimun (CON), Seye Kehinde (OON), Barrister Felix Morka (CON) Barrister Ledum Mitee (CON), Hon. Olawale Osun (CON), Dr. Amos Akingba (CON), Prof. Segun Gbadegesin (CON), Mobolaji Akinyemi (CFR), Dr. Kayode Shonoiki (CON), Prof. Julius Ihonvbere (CON), Prof. Bayo Williams (CON), Sen. Abu Ibrahim (CFR), and Sen. Ameh Ebute (CFR), General Alani Akinrinade, GCON; Dr. Edwin Madunagu (CON).

53. Additionally, I confer the national honour of CON on Uncle Sam Amuka Pemu, a legendary journalist and publisher who remains true to his lifetime calling as he marks his 90th birthday tomorrow, June 13.

54. Furthermore, I also confer posthumous national honours on Ken Saro Wiwa (CON), the leader of the Ogoni Nine and his fellow travellers, Saturday Dobee (OON), Nordu Eawo (OON), Daniel Gbooko (OON), Paul Levera (OON), Felix Nuate (OON), Baribor Bera (OON), Barinem Kiobel (OON), and John Kpuine (OON). I shall also be exercising my powers under the prerogative of mercy to grant these national heroes a full pardon, together with others whose names shall be announced later in conjunction with the National Council of State.

55. Finally, it is my great privilege to now decorate the presiding officers of the National Assembly with the National Honours earlier conferred upon them last year:

Presiding National Assembly Officers

Senator Godswill Obot Akpabio, GCON – SENATE PRESIDENT
Rt. Hon. Abbas Tajudeen, PhD, GCON - Speaker
Senator Jibrin Ibrahim Barau, CFR – DEPUTY SENATE PRESIDENT
Rt. Hon. Benjamin Okezie Kalu, CFR - Deputy Speaker

56. In conclusion, let us rededicate ourselves to the ideals of June 12; freedom, transparent and accountable government, social justice, active citizen participation, and a just society where no one is oppressed.

57. Happy Democracy Day, and may God continue to bless the Federal Republic of Nigeria and protect our troops.

Bola Ahmed Tinubu, GCFR
President, Commander-in-Chief of The Armed Forces,
Federal Republic of Nigeria

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