Tinubu: We are Still Retooling Financial System to Bring Relief to Nigerians

Deji Elumoye in Abuja

President Bola Tinubu has declared that his administration is still retooling and rejigging Nigeria’s financial system to bring prosperity and relief to Nigerians, describing the country’s situation as very challenging.

Tinubu, who also stated that he had the people’s support and mandate to deliver good quality of life and a living environment for Nigerians, noted that his administration was prioritising people-focused development by providing essential infrastructure and amenities.  
The president made this known yesterday at the inauguration of engineering infrastructure in Guzape District Lot II, Abuja, where he named two major roads after two literary giants – Professors Chinua Achebe and JP Clark.

President Tinubu, who commended the contractor handling the project, Gilmor Engineering Limited, emphasised that his commitment to providing infrastructure across the country is not for personal enrichment or aggrandisement.
According to him, “I stand here as President; I do not have a plot of land here (Guzape District). But I have the people’s support and the mandate to deliver a good quality of life and a living environment.

“That should be enough for all of us to share in the joy of commitment, dedication, perseverance, and the little gifts God has endowed us,” he said.
The president commended the FCT Minister, Nyesom Wike, for seeing to the completion of major projects in Abuja.
He said: ” It has been a very challenging time for us in the country. We are still retooling and rejigging our financial system to bring prosperity and relief to the people of this country.

“You have demonstrated the capacity to build a team, lead a team, and deliver on promises. I commend you, well done,” he added.
President Tinubu also appealed to the District Head and people of Guzape to jettison litigation and give room for compensation.
According to him, “To all of you here, to the District Head of Guzape, and the representatives, litigation is not the answer. Compensation is the answer.
“Development that is focused on the people for economic prosperity and benefits is what we should pursue.

“Of what value is a swathe of land that is blocked by hills and rocks, and that is inaccessible. Let us talk to our people and come together to help build Nigeria”.
Also speaking while inaugurating the road, the president acceded to the request of Wike for major roads in Guzape District to be named after two literary giants – Chinua Achebe and JP Clark.

President Tinubu said: “Minister for FCT, Chinua Achebe and JP Clark roads are hereby commissioned. We accept your request.”
Earlier in his remarks, Minister of FCT, Wike, explained that the contract initially awarded in 2003 at the cost of N14 billion was divided into Lots 1 and 2 to Messrs Dantata & Sawoe Construction Company Nigeria Limited and Messrs Gilmor Engineering Limited.
“Dantata had left the site for a long time. We had to bring them back after the President approved a memorandum to that effect,” Wike said.
The minister disclosed that the development of the district, which covers 32km of road, had been fraught with litigation, which, however, did not deter the progress of the project.

He said shortly before the present administration assumed office, the cost of the project was revised to N18.17 billion.
Wike commended the President for not abandoning the project owing to his belief in government as a continuum.
“Since I assumed office as FCT Minister in August 2023, you have never interfered with our work. We are sincerely happy that you gave us the free hand to work,” he said.
Wike, who appealed to the President to name major roads in Guzape District after literary giants, Chinua Achebe and JP Clark, hinted that the ‘diplomatic area’ in the district would be completed within one year.
In a project overview, the Executive Secretary, FCDA, Shehu Hadi Ahmad said the area being developed, Guzape District Lot II, is an urban fringe area covering 620 hectares, with 129 hectares encumbered by village settlements.
He said the entire district, Lot 1 and Lot 2, was designed to provide residential, commercial, and recreational facilities covering an entire area of 1,070 hectares of land.
“The Lot 1 area covers an area of 450 hectares, whereas the Lot 2 covers 620 hectares,” the FCDA Executive Secretary said.