President Bola Tinubu has unveiled some of the main economic directions of his administration for the new year in his nationwide address on Monday.
The President, who delivered the New Year speech in Abuja, disclosed that his administration will accelerate the pace of service delivery across different sectors.
In his address, the president detailed the goals of his administration for 2024 and expanded on his plans for the socioeconomic well-being of Nigerians.
Below are five of the key takeaways from the speech:
5. Food Security and Affordability
According to President Tinubu, the primary objectives on his agenda list are ensuring food security and reducing food inflation.
The National Bureau of Statistics (NBS) revealed that Nigeria’s food inflation is an alarming 32.84%.
Meanwhile, the president in his address promised to tackle the rising cost of food items by providing stimulus for farmers to grow agricultural products.
“To ensure constant food supply, security and affordability, we will step up our plan to cultivate 500,000 hectares of farmlands across the country to grow maize, rice, wheat, millet and other staple crops. We launched the dry season farming with 120,000 hectares of land in Jigawa State last November under our National Wheat Development Programme,” the President said.
4. Tax and Fiscal Policy Reforms
The President also noted his administration will reform the tax and fiscal policies to enable a thriving business environment. He added that he will not hesitate to remove any clog hindering local and foreign investment in the country.
He said,
“In this new year, we will race against time to ensure all the fiscal and tax policies reforms we need to put in place are codified and simplified to ensure the business environment does not destroy value. On every foreign trip I have embarked on, my message to investors and other business people has been the same.
“Nigeria is ready and open for business. I will fight every obstacle that impedes business competitiveness in Nigeria and I will not hesitate to remove any clog hindering our path to making Nigeria a destination of choice for local and foreign investments.”
3. Implementation of New Living Wage for workers
The President also affirmed his commitment to increase the living wage of workers in the year 2024.
According to him, the economic aspirations and the material well-being of the poor, the most vulnerable and the working people shall not be neglected.
“It is in this spirit that we are going to implement a new national living wage for our industrious workers this New Year. It is not only good economics to do this, but it is also a morally and politically correct thing to do,” he said.
2. Modular, PH and Dangote Refinery to begin operation this year
The President also stated that the the local refineries, the Port Harcourt refinery as well as the privately-owned Dangote refinery will begin operation this year.
He said that the quest to restart all state-owned refineries is part of his administration’s agenda for the year.
“In 2024, we are moving a step further in our quest to restart local refining of petroleum products with Port Harcourt Refinery, and the Dangote Refinery which shall fully come on stream,” he noted.
1. Steady Power Supply through Power installation projects
The President also noted his administration will ensure reliable power supply through power installation projects all across the country.
He said,
“Just this past December during COP28 in Dubai, the German Chancellor, Olaf Scholz, and I agreed and committed to a new deal to speed up the delivery of the Siemens Energy power project that will ultimately deliver a reliable supply of electricity to our homes and businesses under the Presidential Power Initiative which began in 2018.
“Other power installation projects to strengthen the reliability of our transmission lines and optimise the integrity of our National grid are ongoing across the country. My administration recognises that no meaningful economic transformation can happen without a steady electricity supply.”
아시아 슬롯
Liu는 눈살을 찌푸렸습니다. “선전…정말 유용한가요?”
하이브 슬롯
Fang Jifan은 말을 타고 돌아 서서 Liang Chu 앞에 내려갈 수밖에 없었습니다.Fang Jifan은 눈살을 찌푸 렸습니다. “불치병에 걸렸다는 것을 어떻게 확신 할 수 있습니까?”
터보 슬롯
Fang Jifan은 맥박에 손가락을 대고 마음이 격렬하게 생각하기 시작했습니다.
스포츠 토토 베트맨
고개를 숙이고 미친 듯이 달리는 데에만 집중하자 눈앞이 더 이상 선명하지 않았다.
와일드 바운티 쇼다운
무적의 신화는 한 번 깨졌고 수많은 사람들이 그것을 위해 가슴과 발을 쳤습니다.
리액툰즈
군주와 대신, 스승과 견습생, 삼촌, 조카, 처남이 이곳에서 만나 감정이 생길 수밖에 없습니다.
에스크 토토
과거에는 하급 간부들이 감히 가게에 직접 들어가 손을 내밀면 돈을 요구하기도 했다.예전에 Zhou Tanzhi는 이 말을 듣고 매우 부끄러웠습니다.
사다리 타기 도박 사이트
Zeng Jie의 소동 이후 많은 사람들이 의미심장하게 두 사람의 뒷모습을 바라 보았습니다.
슬롯 사이트
지출을 조절하는 것 외에도 실제로 오픈 소스의 가능성이 있는 것으로 밝혀졌습니다.
포춘 슬롯
Xie Qian은 웃거나 울 수 없었기 때문에 “장관은 Xie Qian입니다. “라고 자신의 이름을 다시보고해야했습니다.
슬롯 무료 사이트
“한 번도 본 적 없는데 왜 이렇게 나쁜 놈인지 알겠어?”
하이브 슬롯
이로써 아들의 생존 가능성은 크게 높아졌다.
카 심바 슬롯 사이트
그의 얼굴 근육이 떨렸다. “당신이 사람들을 구하고 있다고 말합니까?”그는 말없이…검은색 거즈 모자를 탁자 위에 올려놓고 조용히 앉았다.
파라오 슬롯
물론 Fang Jifan은 신뢰할 수 없지만 …
황제 슬롯
Fang Wenjing은 “당신의 명예를 모릅니다 …”라고 경의를 표했습니다.
물라 슬롯
“어떤 베이징 경찰 특사가 수색 명령과 구금을 위한 운전자 스티커를 발부할까요?”
r 슬롯
세계의 모든 도·군이 경기도 교외군이 된다.