President Tinubu Announces 30-Day National Youth Conference to Shape Nigeria’s Future

President Bola Tinubu has unveiled plans for a 30-day National Youth Conference aimed at engaging young Nigerians in the process of nation-building. The announcement was made during his broadcast commemorating Nigeria’s 64th Independence anniversary.

Tinubu emphasized the importance of involving the next generation in shaping the future, noting, “We cannot design a future that belongs to them without making them its architects.” The conference, he said, will provide a platform for young people, who make up over 60% of the population, to address challenges such as education, employment, innovation, security, and social justice.

“The 30-day Confab will unite young people nationwide to collaboratively develop solutions to key issues,” Tinubu stated, adding that the event will encourage meaningful dialogue and ensure youth participation in policy-making.

In collaboration with youth representatives, the government will design the structure and selection process for the conference delegates. Tinubu assured that the recommendations from the confab would be taken seriously and implemented, as part of his administration’s commitment to building a more inclusive, prosperous, and united Nigeria.

He also highlighted other youth-focused initiatives, such as the 3 million Technical Talents programme (3MTT) and the Nigerian Education Loan Fund (NELFUND), both designed to empower young people. Additionally, the Renewed Hope Labour Employment and Empowerment Programme (LEEP) will be launched later this month to further support youth employment and empowerment.

FearlessOctober Protesters Demonstrate in Lagos on Independence Day Amid Heavy Security

Protesters gathered at the Ikeja Underbridge in Lagos on Tuesday morning to mark Nigeria’s 2024 Independence Day with a rally against the nation’s ongoing economic challenges. The demonstration, organized under the hashtag #FearlessOctober1, took place under tight security, with a strong presence of law enforcement.

Security personnel at the scene included police officers, members of the Lagos Neighbourhood Safety Corps, and officials from the Nigeria Security and Civil Defence Corps (NSCDC). The Lagos State Commissioner of Police, Olanrewaju Ishola, led the police contingent, closely monitoring the protest.

Chanting solidarity songs, protesters displayed placards with messages such as “Reverse electricity tariff now,” “End all attacks on democratic rights,” “Reduce petrol price to ₦197 per litre; end scarcity,” and “Profit soars while people suffer.”

Civil society groups, including the Take It Back Movement, Education Rights Campaign, Coalition for Revolution, and Socialist Workers League, played a leading role in the protest. This marks the second major demonstration in two months, as frustrations over worsening economic conditions continue to grow.

Organizers of #FearlessOctober1 stated that the protest was a follow-up to the #EndBadGovernance protests held in August. They cited the government’s failure to address key issues such as rising hunger, inflation, insecurity, wasteful government spending, electoral reforms, and the need for better human capital development as reasons for the ongoing demonstrations.

Photos from the protest captured the energy and determination of those participating.

#FearlessOctober1 Protest Begins in Abuja Amid Tight Security for Independence Day

A nationwide protest, known as #FearlessInOctober, officially kicked off today in Abuja, the Federal Capital Territory (FCT), extending the momentum of the #EndBadGovernance demonstrations that occurred from August 1 to 10. The protests are driven by the growing economic struggles facing many Nigerians.

By 7 a.m., protesters had gathered at the busy Utako Market in the Utako district, where the demonstration is now in full swing. Damilare Adenola, Director of Mobilisation for the Take It Back Movement, expressed grave concerns about the economic hardship, blaming the Federal Government’s policies for the situation.

In response, the Federal Capital Territory Police Command has assured Abuja residents of a secure and peaceful Independence Day celebration. In a statement released on Monday by the Public Relations Officer, SP Josephine Adeh, the FCT Police announced the strategic deployment of personnel and equipment across the city in preparation for Nigeria’s 64th Independence Day.

The deployment includes Explosive Ordinance Disposal (EOD) teams, anti-riot equipment, and heightened visibility policing. Additionally, traffic diversions have been planned for key areas such as Central Area and Eagle Square, which are expected to experience large crowds.

The FCT Police Command has urged residents to stay vigilant and report any suspicious activities via their emergency lines to ensure a safe and smooth Independence Day celebration.

President Tinubu Declares Victory Over Boko Haram and Bandits in Independence Day Address

In a Nationwide Broadcast to mark Nigeria’s Independence Day, President Bola Ahmed Tinubu announced that his administration is making significant progress in the fight against terrorism, specifically targeting Boko Haram insurgents in the North East and bandits across the country.

Reflecting on the challenges he inherited 16 months ago, Tinubu noted the severe economic and security issues that plagued the nation. He emphasized that reforms were essential to stabilize the country, stating, “We decided to reform our political economy and defense architecture.”

The President highlighted the swift elimination of over 300 Boko Haram and bandit leaders, particularly in the Northeast and Northwest, and expressed confidence in the nation’s security forces. “Within one year, our government has eliminated Boko Haram and bandit commanders faster than ever,” he said.

Tinubu affirmed that peace has been restored to many communities in the North, allowing displaced people to return home. However, he acknowledged that the fight is ongoing, and the government remains committed to ensuring complete peace and stability across the country.

Atiku Proposes Six-Year Single Term for President in Letter to Senate

Former Vice President Atiku Abubakar has called for a constitutional amendment to establish a single six-year term for the President and state governors. In a letter to the National Assembly, Atiku urged the Senate Committee on Constitutional Review to consider rotating the presidency between the North and South across the six geopolitical zones.

He suggested amending Section 135(2) to limit the President’s term to six years, and also recommended raising the minimum educational qualification for candidates to an Ordinary National Diploma (OND). Additionally, he proposed granting political parties more authority in selecting candidates.

Breaking: Tinubu Confers National Honors on Akpabio, Others

President Bola Tinubu has awarded national honors as part of Nigeria’s 64th Independence Anniversary celebrations. In his October 1st address, Tinubu announced that Senate President Godswill Akpabio and Chief Justice Kudirat Kekere-Ekun have been conferred with the prestigious Grand Commander of the Order of the Niger (GCON) title.

Other prominent leaders, including the Deputy Senate President and Speaker of the House of Representatives, were honored with the title of Commander of the Order of the Federal Republic (CFR), while the Deputy Speaker of the House received the Commander of the Order of Niger (CON). The full list of honorees will be released soon.

Naira Continues to Fall, Hits ₦1,705 Per Dollar in Parallel Market

Nigeria’s currency, the Naira, has depreciated further, exchanging at ₦1,705 per US Dollar in the parallel market, down from ₦1,655 per dollar just a week ago. This reflects ongoing demand pressures and supply shortages in the market, leading to a significant decline.

The Naira’s recent depreciation follows a period of relative stability, where exchange rates fluctuated between ₦1,645 and ₦1,655 per dollar. Economic analysts link the decline to foreign exchange supply gaps, sparking concerns over increased prices for imported goods and inflation.

The official exchange rate also took a hit, dropping to ₦1,541.94 per dollar in the Nigeria Autonomous Foreign Exchange Market (NAFEM). Experts warn that this depreciation could signal a return to the steep declines seen in 2023.

Kwankwaso Declares NNPP as Fastest Growing Party, Says APC Has Grounded Nigeria, PDP Is Dead

Rabiu Kwankwaso, the 2023 presidential candidate of the New Nigeria Peoples Party (NNPP), has declared his party as the fastest-growing political force in Nigeria. Speaking during the NNPP’s National Executive Committee (NEC) meeting in Abuja, Kwankwaso expressed confidence in the party’s trajectory, thanking supporters for their dedication amid numerous challenges.

Kwankwaso also critiqued the Peoples Democratic Party (PDP), declaring it “dead” and plagued with internal issues. Additionally, he criticized the All Progressives Congress (APC), accusing its leadership of being out of touch with Nigerians’ struggles, citing rising insecurity, poverty, and hunger as key failures of the ruling party.

Kwankwaso’s remarks emphasized the NNPP’s growth as a viable political alternative in Nigeria’s shifting political landscape.

Rivers State Governor Fubara Defies Court Order, Confirms Local Government Elections on October 5

Rivers State Governor, Siminalayi Fubara, has reaffirmed that the local government elections scheduled for October 5, 2024, will proceed as planned, despite a court ruling by the Federal High Court in Abuja. The court, presided over by Justice Peter Lifu, had barred the Independent National Electoral Commission (INEC) from releasing the voter register to the Rivers State Independent Electoral Commission (RSIEC) and prohibited security agencies from providing support for the election.

Justice Lifu criticized RSIEC for scheduling the elections without adhering to all relevant legal requirements. However, Governor Fubara dismissed the ruling, stating there was no legal barrier preventing the elections. He encouraged political parties and voters to prepare enthusiastically for the polls.

In a statement from his Chief Press Secretary, Nelson Chukwudi, Fubara stressed that the RSIEC had an order mandating the election, assuring that it would be fair and transparent. He also warned against any attempts to disrupt the election, asserting his authority as governor to ensure the process is conducted smoothly.

Dollar to Naira Exchange Rate: Black Market Rates for October 1st, 2024

As of October 1, 2024, the dollar to naira exchange rate in the black market, also known as the parallel market, shows that Bureau De Change operators in Lagos are buying a dollar for ₦1,695 and selling it for ₦1,700. The Central Bank of Nigeria (CBN) maintains a different rate, with the official rate at ₦1,600 for buying and ₦1,601 for selling.

It’s important to note that the CBN does not recognize black market rates and advises individuals to conduct Forex transactions through banks.

In other economic news, the Nigeria Extractive Industries Transparency Initiative (NEITI) reported that oil companies owe the Nigerian government $6.17 billion in unpaid royalties and taxes. This debt includes $6.071 billion owed in royalties and gas flare penalties and additional amounts for petroleum profit taxes, company income taxes, and VAT.