As the 16th President of Nigeria, President Bola Tinubu took the oaths of office and loyalty on Monday in Abuja.
In his inaugural speech at Eagle Square, Tinubu also laid out a number of measures he would take to put the nation on the path to economic growth, stability, and prosperity.
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Here are some summarized keypoints of the address:
- Nigeria’s new president Bola Tinubu vowed to provide “one million new jobs in the digital economy,” during his inaugural speech.
- He also vowed to review all complaints by investors “about multiple taxations and various anti-investment inhibitions.” He added that he will “ensure that investors and foreign businesses repatriate their hard-earned dividends and profits home.”
- He said he will “encourage various state governments to participate in power generation and distribution of their own,” which he added “will become more accessible and affordable” because he will “nearly double the generation of power.”
- He also committed to working to bring down the interest rates which he said it “currently too high, anti-people, anti-business.”
- He also announced the removal of fuel subsidies.
