President Tinubu Came Prepared To Transform Nigeria – SGF, Akume

The Secretary to the Government of the Federation (SGF), Senator George Akume has made it clear that President Bola Ahmed Tinubu has ascended the leadership with the determination to transform Nigeria.
Akume, who released what he called “20 nuggets” of Tinubu’s developmental plans, emphasized: “Tinubu came prepared and came with plans. He knows what to do and he is doing it.”
Nugget 1: As a Government, we have heard your cries about fuel price increases, and be rest assured, we are working round the clock to normalize and bring solutions that ease the pain. Our job is to give you the quality of life you deserve when you wake up. So far, we are on course.
Nugget 2: To this end, we are already working out modalities to ensure market forces normalize pricing while we drive policies that better your lives and boost your earning power. We have a clear economic restoration plan, so I urge you to trust the process. #EconomicRestoration
Nugget 3: We need your understanding, cooperation and buy-in to properly harness our energy sector potential to fuel economic growth. Because we intend to diversify our economy to improve your living conditions, we cannot continue to operate as we always did in the past.
Nugget 4: At a mere 7%, Nigeria’s Revenue to GDP ratio (when we took over) was among the five lowest in the world. To reset this bleak reality, we must diversify our economy and address our perennial oil and gas challenges, else we will just be moving round and round in circles.
Nugget 5: We needed a strong man to take charge and give direction. We have a course now. The President is determined to restore, grow, and sustain our oil production levels to deliver economic growth as our #RenewedHope Agenda envisioned. Despite a few challenges, we are on course
Nugget 6: It’s very easy to ignore the fact that $70b worth of investments have been lost in the Oil sector since 2011. Insecurity has bedeviled us, with over $46b lost to crude oil theft between 2010 and 2020. These were issues no one was bold enough to address- till Asiwaju.
Nugget 7: For this regressive subsidy regime, just ended, know that annual subsidy payments due to inefficiencies in the oil and gas value chain stood at a colossal $11b. It was not sustainable and someone had to act. The President was decisive in doing so & he told us from day one.
Nugget 8: For our first 100 days in office, we had already decided to unify exchange rates, deregulate PMS pricing, and move to end insecurity in our oil-producing states by rejigging our entire security architecture. We’re taking strong measures to secure our nation’s future.
Nugget 9: After this, by the end of 2024, we are targeting minimum daily production of 1.8mb/d of crude & 3.5bcfg, up from present levels. We’re ambitious and committed to sanitizing the oil sector and turning around our economy., building on the success of the PMB administration.
Nugget 10: Our wider plan for the Oil & Gas Sector involves building 7 core development pillars to spur growth in the industry while driving industrialization and transiting to a Green Economy by 2060. @offcialabat is building a sustainable future for us & our children yet unborn.
Nugget 11: First Pillar is to conserve our revenues and drive development. We already decided to eliminate the ₦8 trillion/yr payments in PMS subsidies and use that money to drive social investments, spur real sector and build infrastructure in our cities and rural areas.
Nugget 12: Secondly, we intend to monetize our national oil assets by offering our stake in these assets to private investors. This will mean we have more revenues to drive growth and development in Nigeria. This is when our comatose refineries and @NNPC will take center stage.
Nugget 13: We will restore lost revenues by boosting oil production to 2.5mmb/d and 5bcf/d for export & domestic use while ensuring we run @Nigerialng at full capacity. We’re working towards building a more prosperous Nigeria and repositioning ourselves as a global energy giant.
Nugget 14: After we shore up revenues, we will grow production & export capacity to 4mb/d & 12bcf/d for domestic use and export by 2030. We will boost our power generation capacity to 25-30GW of output simultaneously, adding 12GW of stranded Gas-fired power. #PowerGeneration
Nugget 15: Next will be the Industrialization phase- the 6th pillar, where we will set about diversifying revenue sources & boosting job creation. We will begin converting our Oil & Gas output into industrial products, feedstocks, & aggregate demanded in industrial clusters.
Nugget 16: We’ll prioritize export-oriented projects to improve bankability and drive growth, to create a strong economy that benefits us all, increasing the earning power of Nigerians such that issues like fuel availability or the price no longer occupy national discourse
Nugget 17: Our transition to a Green Economy will reduce Carbon emissions and incorporate Carbon Capture, Usage & storage (CCuS), and utilization in LNG projects to drive energy efficiency. We’re committed to a sustainable future. #GreenEconomy #SustainableFuture
Nugget 18: The judiciary/legislature will lead the anti-corruption fight to ensure this is done, while freedom of information, security, and right of association will be enshrined in this dispensation. Together, we’ll create a better Nigeria. #BetterNigeria #StrongInstitutions
Nugget 19: This is the Asiwaju Plan for Nigeria, as envisioned in our #RenewedHope Agenda. Deregulation is only the first part of this process/plan. Other health, education, agriculture, infrastructure, and more measures will come on stream soon.
Nugget 20: As we go about our lawful businesses this weekend, let us all mull over this message & pass it across to our neighbors, family & friends. I am a listening public servant, so please drop your observations & suggestions here- I am reading. Have a great weekend ahead.


The Governor of Osun State, Senator Ademola Adeleke has expressed sympathy with the people of Ikire on the flood disaster that wrecked havoc on the western part of the state.




Tinubu: A President Confronted By 2 Enemies, By Demola Alabi
The first time I voted was in the 1979 general elections because I was not old enough to exercise my franchise in the first republic. This notwithstanding, I have critically studied what occured in the first republic as a student of Politics, economics, history and law.
Premised on the above facts, I have enough experience and education to do a comparative analysis of the political and economic analysis of Nigeria from the precolonial days up till today.
I confidently posit that since independence, President Bola Ahmed Tinubu is the ever first President to be confronted by two enemies @ the same time vis: the cabals and the masses.
The cabals are fighting tooth and nail with Mr President because he has prevented them from the several millions they make daily during the policy of dual foreign exchange rates. Through their connections to the topmost echelon in the Central Bank of Nigeria (CBN), they were powerful enough to buy Dollars @ the official rate of about #460=$1 and sold it @ about #750 @ the black market rate. Can you imagine how much these cabals would make if each of them was able to get just $1million dollar every week? By my own estimation, they would be making almost #300million weekly @ the comforts of their homes without lifting a finger which in economics parlance is referred to as round-tripping. With the merging of the dual foreign exchange rates by this administration, do you think these people will in their heart of heart, want Tinubu to succeed in his bid to positively transform this nation? Your guess is as good as mine. What about the cabals that were profiting from the petrol subsidy regime? These cabals were fraudulently making several billion of Naira through the subsidy era on daily basis. The removal of the subsidy was a rude shock to these cabals. It has prevented them from their dubious and corrupt way of raking several billions of Naira on weekly basis. Do you think that these cabals will want this present regime to succeed too? These people are no doubt, enemy number one.
The second class of enemies of this regime, are the masses whom the present administration is trying to protect and defend by introducing these necessary but painful policies of the government but alas, they see the present president (Tinubu) as their number one enemy. They are ardent critics of this present administration. Their criticism is premised primarily on partisanship and partly due to ignorance. Refer to the article I wrote a few days ago on this platform, titled “excruciating pains of the hike in petrol price”.
I can confidently posit that, we shall arrive @ our comfort zone sooner than our expectations if we can endure, persevere and support these hard but necessary policies of the present administration. I pray that our present political leaders also play their parts objectively. The bitter truth is that the cabals who have been profiting from the two way exchange rates (official and black market rates) by raking several millions of Naira daily from differentials between the official and the black market rates vide round-tripping are covertly working against the good intention of our president and the masses who the president is fighting for, are critical about the good but painful policies of the government partly due to ignorance and mainly due to partisanship. I pray that these two types of people (the cabals and the masses) have a change of mindset, otherwise, the good intention of this regime may take longer than necessary before the set goals are accomplished, if it’s going to be accomplished@ all.
I admonish all of us to keep praying fervently for our good intentioned president and give him our absolute support to enable him accomplish his good and necessary intentioned but definitely painful policies. No doubt, no healing of wounds can occur without some pains. This is what most Nigerians don’t want to understand.
We are in it together. Our collective actions can make or mar the realization of the good intention but painful policies of the government @ the centre.
It is sad that a government that is confronted headlong by two major enemies in a nation, if not strongly determined, may be forced to appease the citizens by rolling out policies which might on the short run benefit the populace but not meant to positively transform Nigeria on the Long Run because most people want to eat their tomorrow today. Let us please, endure, persevere, tolerate and support this present regime in her bid to positively transform Nigeria.