We will encourage states to develop local sources – President Tinubu

We will encourage states to develop local sources – President Tinubu

May 29, 2023

The President of Nigeria, Bola Tinubu says his administration will encourage states to develop local sources.

In his inaugural speech at the Eagle Square on Monday after he was sworn in as Nigeria’s 16th President, Tinubu said, “I have a message for our investors, local and foreign; our government shall review all their complaints about multiple taxation and various anti-investment inhibitions.

“We shall ensure that investors and foreign businesses repatriate their hard earned dividends and profits home.

On job creation he disclosed that his administration must create meaningful opportunities for our youth. “We shall honour our campaign commitment of one million new jobs in the digital economy”.

“Our government also shall work with the National Assembly to fashion an omnibus Jobs and Prosperity bill. This bill will give our administration the policy space to embark on labour-intensive infrastructural improvements, encourage light industry and provide improved social services for the poor, elderly and vulnerable”.


Rural incomes shall be secured by commodity exchange boards guaranteeing minimal prices for certain crops and animal products. A nationwide programme for storage and other facilities to reduce spoilage and waste will be undertaken.

Agricultural hubs will be created throughout the nation to increase production and engage in value-added processing. The livestock sector will be introduced to best modern practices and steps taken to minimize the perennial conflict over land and water resources in this sector.

Through these actions, food shall be made more abundant yet less costly. Farmers shall earn more while the average Nigerian pays less.


We shall continue the efforts of the Buhari administration on infrastructure. Progress toward national networks of roads, rail and ports shall get priority attention.

“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.