Democracy Day: Tinubu Promises Positive Economic Reforms, Others

June 12, 2024
tinubu democracy day speech

By Adedapo Adesanya 

President Bola Tinubu has again assured Nigerians that the ongoing reforms from his administration’s policies will be positive in the long run.

President Tinubu made the promise while addressing the nation in the wake of the 2024 Democracy Day on Wednesday, June 12.

He said the various initiated reforms are intended to create a stronger, and better foundation for future growth, in the programme monitored by Business Post.

“There is no doubt the reforms have occasioned hardship. Yet, they are necessary repairs required to fix the economy over the long run so that everyone has access to economic opportunity, fair pay and compensation for his endeavour and labour.

“As we continue to reform the economy, I shall always listen to the people and will never turn my back on you,” the President assured.

Mr Tinubu sympathised with the masses, saying he understood the current economic difficulties ravaging the nation.

“Our economy has been in desperate need of reform for decades. It has been unbalanced because it was built on the flawed foundation of over-reliance on revenues from the exploitation of oil.

“I say to you here and now that as we celebrate the enshrinement of our political democracy, let us commit ourselves to the fulfilment of its equally important counterpart, the realisation of our economic democracy.

He also assured the Organised Labour that an executive bill on the new national minimum wage for workers would soon be sent to the National Assembly for passage.

“In this spirit, we have negotiated in good faith and with open arms with Organised Labour on a new national minimum wage. We shall soon send an executive bill to the National Assembly to enshrine what has been agreed upon as part of our law for the next five years or less,” the President said.

He said in the face of Labour’s national strike on June 3, 2024, that disrupted businesses, none of the leaders of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) were arrested or threatened.

“Instead, the labour leadership was invited to break bread and negotiate toward a good-faith resolution,” he said, adding that “reasoned discussion and principled compromise are hallmarks of democracy”.

The president also recognised the labours of the heroes of Nigerian democracy, many of whom died in the struggle.

He said, “The sacrifices they made, and the precious gift brought about by their selfless devotion can never be repaid. Neither shall it be forgotten”.

He said, “In this struggle, the winner of the June 12, 1993, presidential election, Chief MKO Abiola, the most significant symbol of our democratic struggle, his wife, Kudirat, General Shehu Musa Yar’Adua and Pa Alfred Rewane, among others sacrificed their very lives.

“They bravely surrendered their futures, so that our nation might have a better one.

Among the names mentioned are Chief Anthony Enahoro, Chief Abraham Adesanya, Commodore Dan Suleiman, Chief Arthur Nwankwo, Chief Chukwuemeka Ezeife, Admiral Ndubuisi Kanu, Chief Frank Kokori, Chief Bola Ige, Chief Adekunle Ajasin, Chief Ganiyu Dawodu, Chief Ayo Fasanmi, Chief Gani Fawehinmi, Chief Olabiyi Durojaiye, Dr. Beko Ransome-Kuti, Chima Ubani, General Alani Akinrinade, Professor Bolaji Akinyemi, Professor Wole Soyinka, Chief Ralph Obioha, Chief Cornelius Adebayo.

Others are Mr Olisa Agbakoba, Mr Femi Falana, Mr Abdul Oroh, Senator Shehu Sani, Governor Uba Sani, Chief Olu Falae, and other National Democratic Coalition (NADECO) leaders such as Chief Ayo Adebanjo and Chief Ayo Opadokun.

Adedapo Adesanya

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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