Take advantage of various intervention programmes

President Bola Tinubu has urged Nigerian youths to take advantage of various programme as it is committed to providing opportunities and support such as the student loan scheme and the Digital and Creative Enterprises programme.

“I encourage more of our vibrant youth population to take advantage of this opportunity. We established the Consumer Credit Corporation with over N200 billion to help Nigerians to acquire essential products without the need for immediate cash payments, making life easier for millions of households,” he urged.

Tinubu’s address also covered the administration’s focus on the agricultural sector, with plans to increase food production and reduce import duties on essential items. “Our target is to cultivate more than 10 million hectares of land to grow what we eat.

The Federal Government will provide all necessary incentives for this initiative, whilst the states provide the land, which will put millions of our people to work and further increase food production,” he explained.

Tinubu then underscored his administration’s focus on economic stability and growth, aiming to ensure that the benefits reach all Nigerians, as he said, “We are in a new era of Renewed Hope. We are working hard for you, and the results will soon be visible and concrete for everyone to see, feel, and enjoy.”

Government revenues have more than doubled to N9.1 trillion ($5.65bn) in the first half of this year while 68 per cent of revenue now went to debt servicing, down from 97 per cent before he took office in May last year.

The government was also ramping up spending on infrastructure projects, started a loan scheme for university students and was building thousands of housing units across Nigeria’s 36 states, the president said.

“But we must not let violence and destruction tear our nation apart,” said Tinubu.

He proudly announced that Nigeria had cleared $5 billion in outstanding foreign exchange obligations without disrupting ongoing programs.