FULL SPEECH - Nigeria President Tinubu

 My Fellow Citizens,



I stand before you honoured to assume the sacred mandate you have given me. My love for this nation is abiding. My confidence in its people, unwavering. And my faith in God Almighty, absolute. I know that His hand shall provide the needed moral strength and clarity of purpose in those instances when we seem to have reached the limits of our human capacity.

This day is bold and majestic yet bright and full of spirit, as is our precious nation.


As a nation, we have long ago decided to march beyond the dimness of night into the open day of renewed national hope.

Monetary policy needs thorough housecleaning. The Central Bank must work towards a unified exchange rate. This will direct funds away from arbitrage into meaningful investment in the plant, equipment and jobs that power the real economy.


Interest rates need to be reduced to increase investment and consumer purchasing in ways that sustain the economy at a higher level.


Whatever merits it had in concept, the currency swap was too harshly applied by the CBN given the number of unbanked Nigerians. The policy shall be reviewed. In the meantime, my administration will treat both currencies as legal tender.


FOREIGN POLICY


Given the world in which we reside, please permit a few comments regarding foreign policy.


The crisis in Sudan and the turn from democracy by several nations in our immediate neighbourhood are of pressing concern.


As such, my primary foreign policy objective must be the peace and stability of the West African subregion and the African continent. We shall work with ECOWAS, the AU and willing partners in the international community to end extant conflicts and to resolve new ones.


As we contain threats to peace, we shall also retool our foreign policy to more actively lead the regional and continental quest for collective prosperity.


Conclusion


This is the proudest day of my life. But this day does not belong to me. It belongs to you, the people of Nigeria.


On this day, Nigeria affirms its rightful place among the world’s great democracies. There, Nigeria shall reside forever.


The course of our past and the promise of the future have brought us to this exceptional moment.


In this spirit, I ask you to join me in making Nigeria a more perfect nation and democracy such that the Nigerian ideal becomes and forever remains the Nigerian reality.


With full confidence in our ability, I declare that these things are within our proximate reach because my name is Bola Ahmed Tinubu, and I am the President of the Federal Republic of Nigeria.


May God bless you and May He bless our beloved land.

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