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President Tinubu Announces Ambitious Reforms and Initiatives

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President Tinubu Announces Ambitious Reforms and Initiatives

In a nationwide address, President Bola Tinubu outlined a series of significant reforms and initiatives aimed at improving Nigeria’s economy, youth empowerment, and infrastructure. He emphasized the government’s commitment to addressing the concerns of the Nigerian people and fostering a more prosperous and equitable nation.

CNG Initiative and Economic Relief

President Tinubu highlighted the government’s efforts to reduce transportation costs by approximately 60% through the distribution of Compressed Natural Gas (CNG) conversion kits and the establishment of conversion centers across the country in collaboration with the private sector. This initiative is expected to help curb inflation and alleviate the financial burden on citizens.

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Support for Youth and Education

The administration has shown its commitment to the youth by setting up a student loan scheme, with 45.6 billion Naira already processed for payment to students and their respective institutions. President Tinubu encouraged more young Nigerians to take advantage of this opportunity. Additionally, the government has established the Consumer Credit Corporation with over N200 billion to assist Nigerians in acquiring essential products without the need for immediate cash payments.

President Tinubu announced the release of an additional N50 billion each for NELFUND, the student loan program, and the Credit Corporation from proceeds recovered by the EFCC.

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Digital and Creative Enterprises Empowerment

The President revealed that $620 million has been secured under the Digital and Creative Enterprises (IDiCE) program to empower young people and create millions of IT and technical jobs. Despite a setback due to vandalism during protests in Kano, the government remains committed to initiatives like the 3Million Technical Talents scheme, Skill-Up Artisans Programme (SUPA), Nigerian Youth Academy (NIYA), and National Youth Talent Export Programme (NATEP).

Economic Support and Job Creation

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Over N570 billion has been released to the 36 states to expand livelihood support for citizens, benefiting 600,000 nano-businesses, with an additional 400,000 expected to benefit. Furthermore, 75,000 beneficiaries will receive N1 million Micro and Small Business single-digit interest loans starting this month. The government has also established 10 MSME hubs, creating 240,000 jobs, with five more hubs to be completed by October.

Large manufacturers are receiving payments of N1 billion each under single-digit loans to boost manufacturing output and stimulate growth.

Housing and Infrastructure Development

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President Tinubu inaugurated the first phase of the Renewed Hope City and Estate in Karsana, Abuja, as part of an ambitious housing initiative. The project is the first of six planned across the nation, with each city featuring a minimum of 1,000 housing units. Additionally, the Renewed Hope Estates will be launched in every state, each comprising 500 housing units, with a goal of completing 100,000 housing units over the next three years. This initiative aims to provide homes, create jobs, and stimulate economic growth.

Agriculture and Food Security

To increase food production and reduce prices, the President announced the removal of tariffs and import duties on rice, wheat, maize, sorghum, drugs, and other pharmaceutical and medical supplies for six months. The government is working closely with governors and key ministers to accelerate food production, distributing fertilizers and aiming to cultivate over 10 million hectares of land. Mechanized farming equipment worth billions of Naira has been ordered from the United States, Belarus, and Brazil to support these efforts.

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In closing, President Tinubu expressed gratitude to God and the Nigerian people, wishing for continued blessings on the nation. “Thank you very much for your attention, and may God continue to bless our great nation,” he concluded.

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Archbishop of Canterbury Resigns Amid Church Abuse Report

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Archbishop of Canterbury Resigns Amid Church Abuse Report

The Archbishop of Canterbury, Justin Welby, has announced his resignation in the wake of a report revealing failures to address abuse linked to the Church of England. The investigation concluded that Welby, 68, “could and should” have reported allegations against John Smyth, a prolific child abuser, to the police when he first became aware of them in 2013.

In his resignation statement, Welby acknowledged, “it is very clear that I must take personal and institutional responsibility for my response.” He emphasized that stepping down was in the Church’s best interests and underscored the need for change and safety within its ranks. “I hope this decision makes clear how seriously the Church of England understands the need for change and our profound commitment to creating a safer church,” he said. Welby expressed deep sorrow for the victims and survivors of abuse.

Prime Minister Keir Starmer’s spokesperson expressed respect for Welby’s decision and affirmed that his thoughts were with the victims.

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Dozens Killed in Tragic Car Rampage at Chinese Stadium

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Dozens Killed in Tragic Car Rampage at Chinese Stadium

A devastating car attack in Zhuhai, southern China, has claimed at least 35 lives and left 45 injured, in what is believed to be the deadliest public violence in the country in decades. Authorities reported that on Monday, a 62-year-old man, identified as Mr. Fan, drove his car into a stadium and struck groups of people exercising on the track.

Local reports indicate that the victims included elderly individuals and children. The driver is believed to have carried out the “serious and vicious attack” due to discontent over a divorce settlement. He was apprehended while attempting to escape from the Zhuhai Sports Center and is currently in a coma due to self-inflicted injuries, according to a police statement.

The incident has shocked the nation and prompted an outcry for justice. President Xi Jinping has vowed “severe punishment” for the assailant and directed “all-out efforts” to provide medical treatment to the injured.

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Trump Announces Key Appointments: Elise Stefanik as UN Ambassador, Tom Homan as Border Tsar

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Trump Announces Key Appointments: Elise Stefanik as UN Ambassador, Tom Homan as Border Tsar

President-elect Donald Trump has unveiled two significant appointments as he prepares for his return to the White House in January. Elise Stefanik, a 40-year-old New York Congresswoman, has been confirmed as Trump’s choice for the role of U.S. ambassador to the United Nations. Additionally, Trump has appointed Tom Homan, 62, to be his “border tsar.” Homan previously served as acting director of Immigration and Customs Enforcement (ICE) during Trump’s first term.

This move comes as the Republican Party inches closer to securing full control of Congress. The GOP has already captured a majority in the Senate and is three seats away from winning the House of Representatives. The Republicans currently hold 215 seats, while Democrats have 210. Control of the 218-seat majority in the House would grant Republicans significant legislative power, including initiating spending bills and launching impeachment proceedings.

Trump took to his Truth Social platform to announce Homan’s appointment, saying, “Tom Homan will be in charge of our Nation’s Borders (‘The Border Czar’), including… the Southern Border, the Northern Border, all Maritime, and Aviation Security.” Trump emphasized Homan’s role in deportation efforts, adding, “Congratulations to Tom. I have no doubt he will do a fantastic, and long awaited for, job.”

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