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2023 : Bola Tinubu share Part of his Manifesto’s at KadInvest, he promised to build a vibrant economy that will achieve double-digit Economic growth

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…says Kaduna people will reap El-Rufai’s economic efforts

All Progressives Congress Presidential Candidate, Asiwaju Bola Ahmed Tinubu, has promised to build a vibrant economy that will achieve a double-digit growth when he becomes Nigeria’s president.

Asiwaju Tinubu said this in his speech at the 7th edition of Kaduna Economic and Investment Summit (KadInvest 7.0) on Saturday in Kaduna.

The APC presidential flagbearer hailed Kaduna State Governor Nasir el-Rufai for raising the bar in attracting investments to the state the same way he did in Lagos over 20 years ago.

“It is a great honour for me to be invited to give a speech on this occasion and it was a great pleasure listening to Governor Nasir El-Rufa’i as he shared with us the vision of how Kaduna State will attract and sustain investments.

“I would like to congratulate Kaduna State on this special occasion of the 7th edition of Kaduna Economic and Investment Summit (KadInvest 7.0). The theme for this year – Building a Resilient Economy – is very timely and appropriate. In a period of uncertainty in the global economy, it is important that we pursue a path of economic independence and insulation from global headwinds.

“I am particularly happy to be in an economic summit such as this. It reminds me of when we initiated Ehingbeti Lagos Economic Summit more than 20 years ago in Lagos State. Through the summit, Lagos State has been able to deliver landmark developmental projects in power generation, critical road infrastructure, street lightning, and clean energy initiatives, amongst others.

“Therefore, I am sure that under the able leadership of Your Excellency, Governor Nasir Ahmad El-Rufa’I, the leadership of the KADIPA, and subsequent administrations, Kaduna State will successfully collaborate with the private sector to usher in the investments in the priority sectors of technology, agriculture, manufacturing, infrastructure and solid minerals. These investments will in turn drive rapid economic growth and prosperity, providing jobs and opportunities for the good people of Kaduna State,” Tinubu said.

On the role of the private sector in the country’s economic development, Tinubu praised President Muhammadu Buhari for giving maximum support to them to flourish.

According to him, laws put in place by the Buhari administration helped to improve the ease of doing business in the country.

He said if elected, his administration will build on this, making it better for the private sector to excel.

“A vibrant private sector is a prerequisite for a functional state, playing a critical role in the mobilisation of capital, expertise and innovation for the creation of economic opportunities and employment. This is why it is important for the government to give maximum support and incentives to the private sector.

“In this light, President Muhammadu Buhari’s administration introduced a number of measures targeted at promoting private enterprises and businesses including the Repeal and Re-Enactment of the Companies & Allied Matters Act (CAMA), 2020, the passage of the Finance Act 2021, as well as the implementation of over 100 initiatives to improve ease of doing business in Nigeria.

“My desire is that the next administration, under my leadership, will continue to drive forward and accelerate on the progress made thus far, taking bold steps and initiatives to encourage investments in new areas typically considered risky, and leading the way by providing the enabling environment to nurture our innate entrepreneurial spirit.

“It is essential that our nation continues to champion the rule of law and sanctity of contracts, for these are the pre- requisites for creating a business-friendly economic environment.

“Whilst there must be active engagement between all the arms of government for the rule of law to prevail, it is critical for the judiciary to retain its autonomy and independence.

“Therefore, under my stewardship, the federal government will build on the efforts of the current administration to review, amend and/or enact the relevant laws that will engender the rule of law.

“My administration would ensure that the judiciary has true financial and administrative autonomy and strong disciplinary and integrity monitoring mechanisms,” Asiwaju Tinubu added.

He itemised his administration’s plans for the ensuring security returns to the country, stating the role of a secured nation in economic growth and development.

He noted that his administration will prioritise the training and retraining of the country’s security forces.

“We will be committed to introducing cross-sector initiatives that will address the economic and social constraints that prevent people from advancing or opting for crime.

Under my leadership, the government will place great emphasis on the use of a counter-insurgency doctrine and strategy by our military. We will continue to train and equip our gallant forces and security personnel with the resources, gear, and equipment that they need to hasten our inevitable march to resounding victory against enemies of our great nation. Where necessary, we will recruit and train more personnel to bridge any gaps in manpower.

“Furthermore, my administration will prioritise the use of superior aerial technology to deter criminal and terrorist activities, as well as to monitor and protect our critical national infrastructure including our network of pipelines, our power stations, our transmission and distribution networks, our sea and airports, our rail networks and other vital infrastructure,” he added.

“I will marshal a team of the most talented of Nigerians – men, women and youths – no matter their tribe and affiliations, to reset our nation on a path to achieve double-digit economic growth within a couple of years. We will do this through a coordinated set of policies in key sectors.

“We will champion an efficient government that will eliminate revenue and expense leakages across all federal government areas, leveraging technology, which will be increasingly embedded into government operations.

“In oil & gas, we will prioritise gas distribution and availability to power our industries.

“In agriculture, we will provide incentives for investments, machinery and equipment, expand and empower commodity boards, enhance our strategic grains reserves, encourage the formation of farm cooperatives and expand the scope and depth of access to finance for our farmers.

“In housing, we will introduce policies that will make it easier to transfer title and carry out transactions on landed properties. We will work with the private sector to significantly expand mortgage financing and we will provide credits and incentives to encourage real estate developers.

“We will collaborate with key technology partners to develop policies that promote the use and integration of technology across other sectors within the nation. We will work to accelerate the work that is being done with the private sector to train our youth and promote innovation through sponsored incubator hubs and science technology parks.

The APC candidate urged all Nigerians to join hands with him to work together to achieve the collective vision of building the Nigeria of our dreams.

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FEC Backs $2.99bn Rail Projects, Sets Stage for Power Sector Shake-Up

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… Lagos Green Line, Kano, Kaduna rail schemes to boost connectivity

… Tinubu to chair power sector task force as reforms gather pace

The Federal Executive Council (FEC) on Thursday approved a $2.99 billion package of rail infrastructure projects and the establishment of a Presidential Task Force on Power Sector Reform, in a move signalling a renewed push by the administration of President Bola Ahmed Tinubu to deepen infrastructure development and unlock economic growth.

Briefing State House correspondents after the Council meeting, the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, said the rail projects span key urban corridors and are designed to enhance mobility, reduce congestion, and stimulate regional commerce.

He listed the projects as the Lagos Green Line Rail, the Kano State Metro Rail, and the Kaduna State Rail project, noting that they have already been captured in the extended 2025 budget.

“The Federal Executive Council approved three transformative rail projects – Lagos Green Line, Kano State Metro Rail, and Kaduna State Rail project. These projects are to be sponsored by the Ministry of Finance Incorporated,” Oyedele said.

He explained that the approvals align with the administration’s broader infrastructure strategy, which prioritises rail transport as a cost-effective and sustainable alternative to road networks.

The Lagos Green Line is expected to complement existing mass transit systems in the commercial hub, while the Kano and Kaduna rail schemes are projected to boost passenger and freight movement across northern Nigeria, improving trade and economic activity.

In a related development, the Minister of Information and National Orientation, Mohammed Idris, announced the creation of a Presidential Task Force on Power Sector Reform, alongside key appointments aimed at strengthening governance in the electricity industry.

Idris said the Council approved the appointment of former Minister of Power, Lanre Babalola, as Special Adviser on Power to the President, to enhance coordination and policy oversight.

He disclosed that the President would chair the task force, with Babalola playing a central role in driving its activities.

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“The task force is part of renewed efforts by the administration to reposition the power sector as a critical driver of industrialisation and economic growth,” Idris said.

According to him, the decision followed the submission of a report by a presidential committee set up on March 4 to review the commercial and institutional framework for the proposed Grid Asset Management Company (GAMCO).

He noted that the task force brings together key stakeholders, including the Ministers of Finance, Power, Industry, Trade and Investment, Information, and the Attorney-General of the Federation, alongside regulators and representatives of electricity generation and distribution companies.

Idris said the body would focus on implementing far-reaching reforms to address structural bottlenecks in the sector, stressing that stable electricity supply remains central to Nigeria’s economic transformation.

He added that the government is committed to a comprehensive overhaul of the power sector to unlock industrial productivity and improve living standards.

The minister further disclosed that the FEC meeting was preceded by the swearing-in of a National Commissioner of the Independent National Electoral Commission (INEC) and four Permanent Secretaries.

He said President Tinubu administered the oath of office on retired Rear Admiral K. M. Marafa as INEC National Commissioner following her confirmation by the National Assembly.

Idris added that the Council deliberated on a 32-point agenda, reflecting what he described as the administration’s broad reform focus across critical sectors of the economy.

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Tinubu Fires Back at Critics: Exploiting Insecurity Won’t Stop My Second Term

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…directs action against sponsors of violence, backs Plateau peace committee

President Bola Ahmed Tinubu on Tuesday night declared that attempts by his political opponents to exploit insecurity to force him out of office would fail, insisting that he would not only remain in office but also seek a second term.

Speaking at the State House, Abuja, while receiving stakeholders from Plateau State, led by Governor Caleb Mutfwang, the President described himself as resolute in the face of political pressure.

“You are playing to the hand of agents, including my own enemies, who want to use insecurity to get rid of me. But I’m a very stubborn politician. I just refuse to go. And I will campaign for my second term,” Tinubu said.

The President warned that the Federal Government would move decisively against individuals found to be instigating or financing violence across the country, stressing that credible intelligence would be acted upon without delay.

“If you identify and you know the name of troublemakers, agents provocateur, who want to continue killing or instigate killing, let us know. We will use the instrument of office to deal with them,” he said.

Tinubu emphasised that security agencies stand ready to confront such threats once actionable information is provided, noting that the recurring cycle of violence must end.

In a move to strengthen peace efforts in Plateau State, the President also endorsed a newly constituted peace committee comprising former governors of the state, charging them to work collectively toward lasting solutions.

He directed the committee to review existing white papers on past conflicts and harmonise recommendations for implementation.

“Call one another. Ignore the Governor’s Committee if you have to, or incorporate them. Take that white paper, go through it among yourselves and agree to implement it.

“If the ones you have chosen before now are not working, you have to mix and amend membership. Forget those committees you mentioned to me, if it’s not working, it’s not working. Consider this group as the committee until we find a lasting solution,” the President said.

 

 

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Reps Give Nod to Tinubu’s $516.33m Loan Request for Sokoto-Badagry Highway

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The House of Representatives on Tuesday approved President Bola Tinubu’s request to secure a $516.33m loan from Deutsche Bank to finance Section I of the ambitious Sokoto-Badagry Superhighway project, a key infrastructure initiative under the administration’s Renewed Hope Agenda.

The approval followed the consideration of the President’s request by the Committee of Supply during plenary presided over by Speaker Tajudeen Abbas.

In a letter read on the floor of the Green Chamber, Tinubu described the Sokoto-Badagry Superhighway as a transformative national project aimed at connecting Nigeria’s far northwest to its southwestern coastline through an approximately 1,000-kilometre dual carriageway stretching from Illela in Sokoto State to Badagry in Lagos State.

The corridor is expected to pass through Sokoto, Kebbi, Niger, Kwara, Oyo, Ogun, and Lagos states, opening up major agricultural, commercial and industrial hubs across the country.

According to the President, the project was designed to stimulate economic growth by significantly improving the movement of goods and people across Nigeria’s northern and southern regions.

He said the highway will “improve north-south connectivity, safety and network performance on the corridor; reduce logistics costs and travel times by providing a continuous high-capacity expressway standard link to downstream markets and strengthen trade facilitation, food security and national cohesion through improved access between production zones, markets and ports.”

Tinubu further noted that the road project would “safeguard long-term intermodal flexibility by reserving the central median for future rail integration and accommodating utility corridors.”

The President explained that the funding arrangement involves a $516.33m facility from Deutsche Bank, backed by partial guarantee cover from the insurance arm of the Islamic Development Bank, while the Federal Government will provide counterpart funding of N265.54bn.

The counterpart contribution, he said, would cover land acquisition, compensation payments, and complementary infrastructure requirements.

Tinubu urged lawmakers to expedite legislative approval of the borrowing request in view of the strategic importance of the project to national development.

The Sokoto-Badagry Superhighway was conceived as one of Nigeria’s most expansive road infrastructure projects, intended to serve as an economic backbone linking the resource-rich northern corridor with major export gateways in the south.

Beyond easing transportation challenges, the superhighway is expected to boost agricultural supply chains, enhance regional trade, improve access to seaports, and attract investments in manufacturing, logistics and real estate along its route.

The project also aligns with broader government plans to modernise transport infrastructure and strengthen Nigeria’s competitiveness under the African Continental Free Trade Area framework.

Presenting the report of the House Committee on Aids, Loans and Debt Management, Abdullahi El-Rasheed, who represented the committee chairman, Abubakar Nalaraba, urged lawmakers to support the loan request, citing the project’s strategic economic value.

He said the highway would serve as a critical driver of development and improve long-term economic productivity.

Following deliberations, the House approved the borrowing request at plenary, paving the way for the commencement of the project’s first section.

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