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Breaking: Tinubu announced as Man Of The Year as he speaks on the economic programme of his administration, Says Onanuga

The Nation: What do you say to millions of Nigerians battling a cost-of-living crisis caused by spiralling inflation, high petrol price, and currency devaluation, and desperately want some relief?
Tinubu: As your President, I am deeply aware of the economic crisis’s severe impact on Nigerians, and we are part of a global challenge with the rising costs of living. To help our people, my administra:on is taking proactive steps. We are focused on providing financial support to businesses and ensuring the availability and affordability of staple foods, which are essen:al for every Nigerian family. One of our key initiatives is the provision of N25,000 monthly to 15 million households, for a three-month period. To further support food security, we’re working with our partners, local and interna:onal, to improve agricultural prac:ces and provide essential resources to farmers.
In addition, the National Single Window Project is being implemented to enhance international trade efficiency. All these efforts are in line with our commitment to reducing the economic burden on our ci:zens, especially the working class and vulnerable groups. The realloca:on of funds from the removal of the petrol subsidy is also a strategic move to bolster our government’s finances, contribu:ng to a stable economic environment for all.
Furthermore, in our commitment to ease the economic strain on our citizens , particularly the working class and vulnerable groups, our administration is championing the shift to cleaner energy sources. We recognize the benefits of Compressed Natural Gas (CNG) in providing an affordable and cleaner mass transit system. To facilitate this, we have waived the Value Added Tax (VAT) on CNG purchases. Additionally, to reduce the costs in food transportation and manufacturing, we’ve also waived VAT on diesel for six months.
I fully appreciate that these massively important reforms have been hard, but the dividends are already manifesting, with even more in sight. We have already seen improvements in our economic outlook, as corroborated by the likes of Fitch and Moody’s. These may seem ‘academic’ to many but the impact on investor confidence is significant.
The Nation: Many have criticized the cash transfer initiatives of your government, saying they are superficial and cannot address the level of poverty in the land. Are you still convinced about the efficacy of these programs?
Tinubu: I am steadfast in my belief in the efficacy of our cash transfer initiatives. These initiatives are a crucial part of our strategy to target and provide relief to the most vulnerable segments of our popula:on, especially during the last three months of the year when the prices of basic items typically rise. This is not just about providing temporary support; it’s about strategically delivering assistance when it’s needed most. We continue to work closely with all key stakeholders – including state governments, civil society groups, international partners, and private sector entities like telcos and fintechs – to refine these programs. Moreover, we urge all Nigerians to be mindful of the current economic situation and avoid exploiting it for abnormal profits.
In addition to these cash transfers, our administration is deeply committed to empowering micro, small, and medium-sized enterprises, along with nano businesses. Significant financial support is being directed to these enterprises to foster human capital development, economic growth, and financial inclusion. For instance, through the Ministry of Communications, Innovation and Digital Economy, we launched the 3MTT programme, aiming to develop technical talent across Nigeria in fields such as software engineering and cloud computing. This program is designed not just to aid businesses but also to enable our youth to participate in the global gig economy, earning competitive wages while contributing to our nation’s growth.
Our interventions extend beyond what some may call ‘cash handouts’. They are about creating a sustainable environment where Nigerians can innovate and thrive. By focusing on sectors like digital and creative industries, we are fostering growth and job creation , harmonizing efforts between monetary and fiscal bodies to build a stronger, more resilient Nigeria.”
The Nation: You have been quoted in the past promising to pay Nigerians a minimum wage they can live on. What is delaying the unveiling of the new minimum wage? How do you manage a situation where many states without the Federal Government’s resources may not be able to meet whatever commitments the government at the centre makes [it] to workers?
Tinubu : I understand the concerns regarding the unveiling of the new minimum wage and how states will manage these changes, especially those with fewer resources. To address this, my administration has approved a provisional increase in the federal minimum wage to N35,000 per month for a six-month period, two months of which have already been paid. This decision follows extensive consultations with the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC).
In managing the situation with the states, we are working closely with them to ensure the new wage structure is practical and sustainable. It’s important that each state’s unique financial situation is considered. We are focused on strategies to help states strengthen their economies, considering factors like tax efficiency and economic diversificaon.
We are commided to ongoing dialogues with labour unions and state governments. This collaborative approach is crucial to ensure that the new minimum wage is fair, reasonable, and implementable across all states. Our goal is to balance the economic well-being of our workers with the overall financial health of the nation.
We ask Nigerians to be rest assured that our administration will not rest until we have delivered a sustainable solution in the best interest of Nigerians.
The Nation: One feature of the last few months has been your aggressive pursuit of foreign direct investment. What are the tangible results of these shuttles around the world?
Tinubu: It is essential to place our initiatives within the broader context of our economic recovery and growth strategy. This strategy encompasses several key reforms, including the removal of fuel subsidies, the unification of the naira’s exchange rates, the adoption of the customs single-window, the streamlining of our tax system and enhancement and diversification of our revenues. These strategic moves are designed to enhance liquidity and create a more attractive investment environment for both domestic and foreign investors, thereby stimulating sustainable growth.
FDI is not ‘chicken change’. FDI is substantial, long-term financial commitments made by serious enterprises and investors. What is happening right now is that Nigeria is re-engaging with the global market – both foreign and domestic investors. We are telling the story of our significant and far-reaching reforms and rebuilding confidence in Nigeria as an accessible and safe investment. We are clearly communicating that ‘Nigeria is open for business’ and that the direction of travel is clear and fully committed.
So far, our pursuit of foreign direct investment has been met with positive outcomes. We’ve secured a $500 million deal with Germany to fund renewable energy projects, particularly in rural Nigeria. Additionally, through local enterprises, Nigeria will supply LNG yearly to Germany, starting in 2026, solidifying our role as a key global energy partner. Our focused efforts to adract European FDI are yielding fruit, notably with the $116 million French investment in the I-DICE program, aimed at creating 65,000 start-ups and 150,000 jobs, particularly empowering women. As announced on the sidelines of COP28 in Dubai, we’re deploying 100 electric buses nationally, affirming our commitment to sustainable, eco- friendly initiatives and creating a platform for Public-Private-Partnerships in the mass transit category. Since this announcement we have received serious requests for co-investment opportunities from within Nigeria and across the world – Europe, India, China and the Middle East, key global markets which our administration has been energetically engaging with.
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Tinubu has concluded his work vacation ahead of schedule and will return to Abuja on Tuesday, Says Onanuga

President Bola Tinubu will on Tuesday, September 16, return to Abuja to resume official duties after ending his vacation earlier than planned.
The Special Adviser to the President on Information and Strategy, Bayo Onanuga, confirmed the development in a statement on Monday.
He said, “President Bola Ahmed Tinubu has concluded his work vacation ahead of schedule and will return to Abuja on Tuesday, September 16, 2025, to resume official duties.”
The President had departed Nigeria for France on September 4, 2025, to spend part of his annual holiday. He was initially scheduled to split the period between France and the United Kingdom.
While in Paris, Tinubu held a private luncheon with French President Emmanuel Macron at the Élysée Palace.
Both leaders reportedly reviewed key areas of bilateral cooperation and agreed to strengthen partnerships in pursuit of mutual prosperity and global stability.
This trip is Tinubu’s seventh visit to Paris since assuming office in May 2023 and his first since the BRICS summit in July and August’s TICAD9 in Japan.
In the first nine months of 2025, the President has undertaken 15 international trips across 11 countries.
These include high-level summits, bilateral engagements, presidential inaugurations, and annual leaves.
On January 6, Tinubu kicked off his diplomatic itinerary with a visit to Accra, the capital of the Republic of Ghana, to attend the inauguration of President-elect John Dramani Mahama on January 7.
He was in the United Arab Emirates to attend the Abu Dhabi Sustainability Summit from January 12 – 16, where he held side meetings with Gulf investors and officials on trade and energy cooperation.
From January 27-28, he visited Dar es Salaam, Tanzania, to participate in the Africa Heads of State Energy Summit.
February saw the President travel to France before attending the 37th African Union Summit in Ethiopia, where he joined other African leaders in discussions on regional security, climate adaptation, and continental trade integration under the AfCFTA.
From April 2-21, Tinubu embarked on a two-week working visit that included France and the United Kingdom.
In mid-May, the President travelled to Vatican City, attending the historic inauguration of Pope Leo XIV in Rome.
From June 28 to July 4, Tinubu undertook a landmark state visit to Saint Lucia, where he addressed CARICOM leaders in Castries.
From Saint Lucia, he proceeded to Brazil, arriving in Rio de Janeiro for the 17th BRICS Summit (July 4–7).
The Brazil visit continued into August, with President Tinubu returning for a two-day state visit.
This came after he visited Japan in the same month to attend the Tokyo International Conference on African Development, where he pitched Nigeria’s investment readiness to Japanese multinationals and met Prime Minister Fumio Kishida on maritime security and digital infrastructure.
Before he arrived in Japan, Tinubu and his entourage stopped over in Dubai, UAE, on August 15 and arrived in Yokohama early in the morning on August 18.
It was his second visit to the Gulf state within the year.
In September, he again embarked on a working vacation to the United Kingdom and France, his third visit to Paris this year and second to London.
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Catholic Bishops Conference : Let us build prosperity together and promoting interfaith harmony, Tinubu urges church leaders

President Bola Ahmed Tinubu has urged faith leaders to join hands with him to build a strong economy in which the people will prosper.
He also urged them to remain steadfast in promoting interfaith harmony and denouncing violence.
He pledged to partner them and their institutions to tackle poverty, unemployment and inequality.
Tinubu spoke at the opening of the Second Plenary Meeting of the Catholic Bishops Conference of Nigeria (CBCN) in Ikot Ekpene, Akwa Ibom State, yesterday. He said his request to the religious leaders was hinged on the fact that faith-based organisations are “a vital bridge for peace, unity and moral renewal in the country.”
‘’Our efforts in tackling insecurity, expanding social investment programmes, strengthening agriculture and revitalising infrastructure are geared towards creating an enabling environment for Nigerians to live in peace and fulfill their potential.
“I reassure you that the Federal Government will deepen collaboration with the Catholic Church and other faith-based Organisations in key sectors as education, healthcare, social welfare and skills development.
‘’Together, we can tackle poverty, reduce inequality and build stronger communities,” the President said.
He was represented at the event by Secretary to the Government of the Federation (SGF), George Akume.
Senate President, Godswill Akpabio, and Akwa Ibom State Governor, Umo Eno, attended the event, which was witnessed by the representative of Pope Leo XIV, Apostolic Nuncio Most Rev. Michael Francis Crotty, and some members of the National Assembly.
Tinubu told the bishops that genuine reconciliation and national cohesion can only be achieved when spiritual leaders preach peace, discourage extremism, hatred, and divisive tendencies.
He challenged them ‘’to continue speaking truth to power, not only to government but to society.’’
Read Also: Be patient with Tinubu’s reforms, prosperity will come — Akpabio tells Nigerians
Tinubu, in a statement by Akume’s Special Adviser on Media and Publicity, Yomi Odunuga, reminded the clerics that while ‘’speaking truth to power,’’ they should ‘’offer constructive solutions that will help us build a nation where integrity, hard work and compassion are hallmarks of public and private life.”
He lauded the Catholic Bishops and other clerics across denominations for championing dialogue and tolerance in a diverse nation like Nigeria.
“The Catholic Church has been a credible partner in the journey towards national renewal. Your investments in education, health and social welfare—often in remote and underserved communities—speak louder than words. You have stood with the people in times of hardship, provided comfort in times of grief and raised your voice against injustice and corruption,” Tinubu said.
The President assured them that his administration is committed to addressing insecurity and social unrest, including poverty, unemployment and inequality.
He cited removal of fuel subsidy, unification of exchange rates and efforts to curb leakages in public finances as steps toward stabilising the economy and laying a foundation for long-term prosperity.
These policies, though demanding sacrifices in the short term, Tinubu noted, are necessary to put the nation back on the path of growth and long-term prosperity.
The President emphasised that beyond stabilisation, his government is working to attract local and foreign investments by creating an enabling environment for businesses to thrive.
He highlighted reforms in key sectors, such as agriculture, energy, and infrastructure, which are expected to stimulate job creation, boost productivity, and expand opportunities for young Nigerians.
Tinubu said while the results may not be immediate, the reforms are structured to deliver enduring benefits that will uplift lives and secure a brighter economic future for the nation.
He said: “This administration came into office with a firm commitment to renew hope, strengthen our democratic institutions and build a Nigeria that works for all. We have taken steps to stabilise the economy, attract investment and implement reforms that will, in due course, yield enduring benefits for our people.
‘’We recognise that good governance is not just about economic growth, it is about justice, fairness, transparency, accountability and the dignity of every Nigerian.
“It’s also about ensuring that no one is left behind – whether in urban centres or rural communities, whether majority or minority, whether rich or poor.
Tinubu called on religious leaders to complement the government’s initiatives by nurturing honesty, hard work, and compassion in their communities.
He urged the church to continue offering guidance in civic education, environmental protection and youth empowerment.
The President further urged the church to collaborate with the government in advancing civic education, protecting the environment, and empowering young people, so future generations will gain not only academic knowledge but also values needed to uphold the moral fabric of society.
Akpabio urges patience
Akpabio urged Nigerians to be patient with the Tinubu administration’s reforms, as they will soon yield results.
“Let me urge my compatriots to be patient with your government as we lay again the foundations of this house. Do not despair when the winds blow strong or the scaffolding shakes,’’ Akpabio said in a statement by his Special Assistant on Media/Communication, Anietie Ekong.
He said it was important for people to note that a country is like a cathedral that cannot be built in a short space of time
“A nation is like a mighty cathedral — it is not raised overnight, but stone by stone, prayer by prayer, hand by hand – They that wait upon the Lord shall renew their strength; they shall mount up with wings as Eagles (Isaiah 40:31), he said.
“Let us renew hope in the Nigerian enterprise. Let us believe again that our land can be great, that our children can inherit a future brighter than our present.
“Let us bind the wounds of division, banish the cynicism of despair, and walk together—Church and State, pulpit and parliament, faith and policy—towards the dawn.
“Transformation is not the burden of one arm of society, or the privilege of a select few. It is a covenant of partnership. As St. Paul declares: ‘We are co-workers in God’s service; you are God’s field, God’s building.’”
Governor Eno noted that the Catholic Church has played key roles all over the world in fighting injustice, enthroning democratic governance and placing the welfare of the people at the centre of its policies.
Eno called for continued support of the Church in delivering dividends of democracy to the people.
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Update : No going back on free fuel distribution, says Dangote

‘We offer cheaper fuel despite importing 60% of crude’
Recent attacks against Dangote Petroleum Refinery from some associations in the oil and gas industry were orchestrated to derail the planned free fuel distribution logistics initiative, the management of Dangote Refinery said last night.
It however foreclosed backtracking on the initiative, adding that the attacks lack genuine and patriotic concerns.
In a statement last night, the Refinery said the position of National Union of Petroleum and Natural Gas Workers (NUPENG) and Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) lacks legitimacy and has nothing to do unionisation as being claimed.
“Their position”, according to the statement , “have made it abundantly clear that the actions and threats issued by them is not borne out of legitimate concerns about unionisation, but a calculated campaign of economic sabotage that is orchestrated by vested interests who perceive progress as a threat to their entrenched positions.”
Reacting to a press statement by DAPPMAN, which was published, in some newspapers at the weekend, Dangote Refinery accused the association of misleading Nigerians, noting that their claims were contradicted by established facts.
The statement by Dangote Refinery reads: “In January 2022, the Nigerian National Petroleum Company (NNPC) reported that one of DAPPMAN’s members had supplied petrol containing over 15% methanol, well above acceptable limits (Methanol which is not a standard industry practice or procedure for refinery, but blenders use it to prompt up the octane rating to an acceptable level that is well above anti-knocking ratio).
“The result was widespread engine damage for thousands of end users. Yet, no transparent government inquiry or independent investigation was ever conducted to determine the source, intent, or full impact of the adulterated fuel.”
The refinery also described as incorrect, the claim that the price of petrol in Togo is lower than in Nigeria. It revealed that the average pump price in Lomé stands at approximately 680 CFA francs per litre, equivalent to N1, 826.
“This figure reflects the very scenario that DAPPMAN and its affiliates appear to advocate for in Nigeria. The Dangote Refinery has positioned Nigeria as a primary source of affordable petrol feedstock for West Africa, despite the refinery importing over 60% of the crude oil it processes. Remarkably, the refinery is able to offer petrol at prices below the international benchmark within the sub-Saharan region.
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