the speech of the new president of nigeria

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Full Text of President Bola Tinubu’s Inauguration Speech on May 29, 2023

• Bola Tinubu received the baton of leadership from Muhammadu Buhari on Monday, May 29
• Tinubu won February's presidential election, defeating other candidates like Atiku Abubakar and Peter Obi
• The 71-year-old will take over from two-term leader Buhari amid discernible disappointments in the populace

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FCT, Abuja - Inaugural speech by His Excellency, Bola Ahmed Tinubu , following his swearing-in as President of the Federal Republic of Nigeria on 29th May 2023.

The President's speech reads:

My Fellow Citizens,

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I stand before you honoured to assume the sacred mandate you have given me. My love for this nation is abiding. My confidence in its people, unwavering. And my faith in God Almighty, absolute. I know that His hand shall provide the needed moral strength and clarity of purpose in those instances when we seem to have reached the limits of our human capacity.

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This day is bold and majestic yet bright and full of spirit, as is our precious nation.

As a nation, we have long ago decided to march beyond the dimness of night into the open day of renewed national hope.

The question we now ask ourselves is whether to remain faithful to the work inherent in building a better society or retreat into the shadows of our unmet potential.

For me, there is but one answer. We are too great a nation and too grounded as a people to rob ourselves of our finest destiny.

This nation’s journey has been shaped by the prayers of millions, and the collective sacrifices of us all.

We have endured hardships that would have made other societies crumble.

Yet, we have shouldered the heavy burden to arrive at this SUBLIME moment where the prospect of a better future merges with our improved capacity to create that future.

5 key promises made by Tinubu during his inauguration address

To the surprise of many but not to ourselves, we have more firmly established this land as a democracy in both word and deed.

The peaceful transition from one government to another is now our political tradition. This handover symbolizes our trust in God, our enduring faith in representative governance and our belief in our ability to reshape this nation into the society it was always meant to be.

Here, permit me to say a few words to my predecessor, President Muhammadu Buhari. Mr President, you have been an honest, patriotic leader who has done his best for the nation you love. On a more personal note, you are a worthy partner and friend. May History be kind to you.

For many years, Nigeria’s critics have trafficked the rumour that our nation will break apart, even perish.

Yet here we are. We have stumbled at times, but our resilience and diversity have kept us going.

Full text of Peter Obi's statement to Nigerians hours to Tinubu's inauguration

Our burdens may make us bend at times, but they shall never break us.

Instead, we stand forth as Africa’s most populous nation and as the best hope and strongest champion of the Black Race.

As citizens, we declare as one unified people devoted to one unified national cause, that as long as this world exists, NIGERIA SHALL EXIST.

Today, Fate and Destiny join together to place the torch of human progress in our very hands. We dare not let it slip.

We lift high this torch so that it might shine on every household and in every heart that calls itself Nigerian. We hold this beam aloft because it lights our path with compassion, brotherhood, and peace. May this great light never EXTINGUISH.

Our administration shall govern on your behalf but never rule over you. We shall consult and dialogue but never dictate. We shall reach out to all but never put down a single person for holding views contrary to our own.

May 29: "It strengthens me", Peter Obi on Bola Tinubu's inauguration

We are here to further mend and heal this nation, not tear and injure it.

In this vein, may I offer a few comments regarding the election that brought us to this juncture. It was a hard fought contest. And it was also fairly won. Since the advent of the Fourth Republic, Nigeria has not held an election of better quality.

The outcome reflected the will of the people. However, my victory does not render me any more Nigerian than my opponents. Nor does it render them any less patriotic.

They shall forever be my fellow compatriots. And I will treat them as such. They represent important constituencies and concerns that wisdom dare not ignore.

They have taken their concerns to court. Seeking legal redress is their right and I fully defend their exercise of this right. This is the essence of the rule of law.

Over six decades ago, our founding fathers gave bravely of themselves to place Nigeria on the map as an independent nation.

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We must never allow the labor of those who came before us to wither in vain but to blossom and bring forth a better reality.

Let us take the next great step in the journey they began and believed in.

Today, let us recommit our very selves to placing Nigeria in our hearts as the indispensable home for each and every one of us regardless of creed, ethnicity, or place of birth.

My supporters, I thank you. To those who voted otherwise, I extend my hand across the political divide. I ask you to grasp it in national affinity and brotherhood. For me, political coloration has faded away. All I see are Nigerians.

May we uphold these fitting and excellent notions as the new Nigerian ideal.

My fellow compatriots,

The Nigerian ideal which I speak of is more than just an improvement in economic and other statistics. These things are important; but they can never convey the fullness of our story.

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Our mission is to improve our way of life in a manner that nurtures our humanity, encourages compassion toward one another, and duly rewards our collective effort to resolve the social ills that seek to divide us.

Our constitution and laws give us a nation on paper. We must work harder at bringing these noble documents to life by strengthening the bonds of economic collaboration, social cohesion, and cultural understanding. Let us develop a shared sense of fairness and equity.

The South must not only seek good for itself but must understand that its interests are served when good comes to the North. The North must see the South likewise.

Whether from the winding creeks of the Niger Delta, the vastness of the northern savannah, the boardrooms of Lagos , the bustling capital of Abuja, or the busy markets of Onitsha, you are all my people. As your president, I shall serve with prejudice toward none but compassion and amity towards all.

May 29: Why Tinubu must deliver? Political pundits speak as expectations heighten

In the coming days and weeks, my team will publicly detail key aspects of our programme. Today, permit me to outline in broad terms a few initiatives that define our concept of progressive good governance in furtherance of the Nigerian ideal:

The principles that will guide our administration are simple:

1. Nigeria will be impartially governed according to the constitution and the rule of law.

2. We shall defend the nation from terror and all forms of criminality that threaten the peace and stability of our country and our subregion.

3. We shall remodel our economy to bring about growth and development through job creation, food security and an end of extreme poverty.

4. In our administration, Women and youth will feature prominently.

5. Our government will continue to take proactive steps such as championing a credit culture to discourage corruption while strengthening the effectiveness and efficiency of the various anti-corruption agencies.

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Security shall be the top priority of our administration because neither prosperity nor justice can prevail amidst insecurity and violence.

To effectively tackle this menace, we shall reform both our security DOCTRINE and its ARCHITECTURE.

We shall invest more in our security personnel, and this means more than an increase in number. We shall provide, better training, equipment, pay and firepower.

On the economy, we target a higher GDP growth and to significantly reduce unemployment.

We intend to accomplish this by taking the following steps:

First, budgetary reform stimulating the economy without engendering inflation will be instituted.

Second, industrial policy will utilize the full range of fiscal measures to promote domestic manufacturing and lessen import dependency.

Third, electricity will become more accessible and affordable to businesses and homes alike. Power generation should nearly double and transmission and distribution networks improved. We will encourage states to develop local sources as well.

Full text of Buhari’s farewell speech: President addresses Nigerians in live broadcast

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.

My 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 ervices for the poor, elderly and vulnerable.

AGRICULTURE

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.

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

INFRASTRUCTURE

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

FUEL SUBSIDY

We commend the decision of the outgoing administration in phasing out the petrol subsidy regime which has increasingly favoured the rich more than the poor. Subsidy can no longer justify its ever-increasing costs in the wake of drying resources. We shall instead re-channel the funds into better investment in public infrastructure, education, health care and jobs that will materially improve the lives of millions.

FOREIGN POLICY

Given the world in which we reside, please permit a few comments regarding foreign policy.

The crisis in Sudan and the turn from democracy by several nations in our immediate neighbourhood are of pressing concern.

Bola Tinubu: 5 Challenges ahead for Nigeria's 16th leader

As such, my primary foreign policy objective must be the peace and stability of the West African subregion and the African continent. We shall work with ECOWAS, the AU and willing partners in the international community to end extant conflicts and to resolve new ones.

As we contain threats to peace, we shall also retool our foreign policy to more actively lead the regional and continental quest for collective prosperity.

MONETARY POLICY

Monetary policy needs thorough housecleaning. The Central Bank must work towards a unified exchange rate. This will direct funds away from arbitrage into meaningful investment in the plant, equipment and jobs that power the real economy.

Interest rates need to be reduced to increase investment and consumer purchasing in ways that sustain the economy at a higher level.

Whatever merits it had in concept, the currency swap was too harshly applied by the CBN given the number of unbanked Nigerians. The policy shall be reviewed. In the meantime, my administration will treat both currencies as legal tender.

May 29: "You're father of all, symbol of unity", Kenyatta tells Tinubu

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.

With full confidence in our ability, I declare that these things are within our proximate reach because my name is Bola Ahmed Tinubu, and I am the President of the Federal Republic of Nigeria.

May God bless you and May He bless our beloved land.

Tinubu's presidency: Shehu Sani predicts what'll happen to Emefiele after Buhari's exit

In a piece of related news, Legit.ng earlier reported that a former federal lawmaker, Senator Shehu Sani, predicted that the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, may not have a smooth relationship with the new administration of Tinubu.

According to Sani, Emefiele’s life and activities under the incoming government will be like "Zebra in the hands of Tigers."

Source: Legit.ng

Ridwan Adeola (Current Affairs Editor) Ridwan Adeola Yusuf is a Current Affairs Editor at Legit.ng and a certified journalist with over 9 years of experience. He edited Politics Nigeria's articles, was the Acting Editor of AllNews Nigeria and Fact-Checking Researcher (Africa Check). He received his HND in Mass Communication from The Polytechnic Ibadan. He received a Certificate of Achievement (Journalism Clinic’s Fix The Leak masterclass, 2021) and also completed Google News Initiative's Advance digital reporting curriculum. Contact him at [email protected].

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Nigeria swears in a new president facing profound economic and security pressures

Emmanuel Akinwotu

In this photo released by the Nigeria State House, Nigeria's new President Bola Ahmed Tinubu, left, receives Nigeria flags from former Nigerian President Muhammadu Buhari, during the inauguration ceremony in Abuja, Monday, May 29, 2023. Sunday Aghaeze/AP hide caption

In this photo released by the Nigeria State House, Nigeria's new President Bola Ahmed Tinubu, left, receives Nigeria flags from former Nigerian President Muhammadu Buhari, during the inauguration ceremony in Abuja, Monday, May 29, 2023.

LAGOS, Nigeria - Bola Tinubu has been sworn in as Nigeria's president, at a ceremony in the capital Abuja. The 71-year-old comes to power following a disputed election and under pressure to quickly improve the economy and security in Africa's most populous country.

Tinubu took his oath of office on Monday, inheriting a country with profound challenges . Unemployment has soared, and financial insecurity has spread across Africa's largest economy under outgoing President Muhammadu Buhari.

Nigeria has a new president-elect, but his opponents reject the results

Tinubu, a wealthy, powerful and divisive figure in Nigerian politics, has promised to turn things around. He's vowed to boost diminished oil revenues and attract investment. Seventy percent of Nigeria's 200 million people are under 30, and for many, their prospects have dimmed in the last decade.

He will also be hoping to reverse the flow of generations of Nigerians who are leaving the country in record numbers, in search of a better life abroad.

But he takes over under the cloud of a disputed election victory. The polls were marred by logistical failures and incidents of violence , and the result is being challenged in court with a verdict expected later this year.

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Full Speech: President Bola Tinubu address to the Nation on August 4th 2024

This is the full broadcast by Nigeria’s President Bola Ahmed Tinubu to Nigeria on the 4th of August 2024.

BROADCAST BY HIS EXCELLENCY BOLA AHMED TINUBU, PRESIDENT AND COMMANDER-IN-CHIEF OF THE ARMED

FORCES OF THE FEDERAL REPUBLIC OF NIGERIA ON THE NATIONWIDE PROTEST

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DATE: SUNDAY 4TH AUGUST 2024

My fellow Nigerians,

1. I speak to you today with a heavy heart and a sense of responsibility, aware of the turmoil and violent protests unleashed in some of our states.

2. Notably among the protesters were young Nigerians who desired a better and more progressive country where their dreams, hopes, and personal aspirations would be fulfilled.

3. I am especially pained by the loss of lives in Borno, Jigawa, Kano, Kaduna and other states, the destruction of public facilities in some states, and the wanton looting of supermarkets and shops, contrary to the promise of protest organisers that the protest would be peaceful across the country. The destruction of properties sets us back as a nation, as scarce resources will be again used to restore them.

4. I commiserate with the families and relations of those who have died in the protests. We must stop further bloodshed, violence and destruction.

5. As President of this country, I must ensure public order. In line with my constitutional oath to protect the lives and property of every citizen, our government will not stand idly by and allow a few with a clear political agenda to tear this nation apart.

6. Under the circumstances, I hereby enjoin protesters and the organisers to suspend any further protest and create room for dialogue, which I have always acceded to at the slightest opportunity. Nigeria requires all hands on deck and needs us all – regardless of age, party, tribe, religion or other divides, to work together in reshaping our destiny as a nation. To those who have taken undue advantage of this situation to threaten any section of this country, be warned: The law will catch up with you. There is no place for ethnic bigotry or such threats in the Nigeria we seek to build.

7. Our democracy progresses when the constitutional rights of every Nigerian are respected and protected. Our law enforcement agencies should continue to ensure the full protection of lives and properties of innocent citizens in a responsible manner.

8. My vision for our country is one of a just and prosperous nation where each person may enjoy the peace, freedom, and meaningful livelihood that only democratic good governance can provide – one that is open, transparent and accountable to the Nigerian people.

 9. For decades, our economy has remained anaemic and taken a dip because of many misalignments that have stunted our growth. Just over a year ago, our dear country, Nigeria, reached a point where we couldn’t afford to continue the use of temporary solutions to solve long-term problems for the sake of now and our unborn generations. I therefore took the painful yet necessary decision to remove fuel subsidies and abolish multiple foreign exchange systems which had constituted a noose around the economic jugular of our Nation and impeded our economic development and progress.

10. These actions blocked the greed and the profits that smugglers and rent-seekers made. They also blocked the undue subsidies we had extended to our neighbouring countries to the detriment of our people, rendering our economy prostrate. These decisions I made were necessary if we must reverse the decades of economic mismanagement that didn’t serve us well. Yes, I agree, the buck stops on my table. But I can assure you that I am focused fully on delivering the governance to the people – good governance for that matter.

11. In the past 14 months, our government has made significant strides in rebuilding the foundation of our economy to carry us into a future of plenty and abundance. On the fiscal side, aggregate government revenues have more than doubled, hitting over 9.1 trillion Naira in the first half of 2024 compared to the first half of 2023 due to our efforts at blocking leakages, introducing automation and mobilising funding creatively without additional burden on the people. Productivity is gradually increasing in the non-oil sector, reaching new levels and taking advantage of the opportunities in the current economic ambience.

12. My dear brothers and sisters, we have come this far. Coming from a place where our country spent 97% of all our revenue on debt service; we have been able to reduce that to 68% in the last 13 months. We have also cleared legitimate outstanding foreign exchange obligations of about $5billion without any adverse impact on our programmes.

13. This has given us more financial freedom and the room to spend more money on you, our citizens, to fund essential social services like education and healthcare. It has also led to our State, and Local Governments receiving the highest allocations ever in our country’s history from the Federation Account.

14. We have also embarked on major infrastructure projects across the country. We are working to complete inherited projects critical to our economic prosperity, including roads, bridges, railways, power, and oil and gas developments. Notably, the Lagos-Calabar Coastal Highway and Sokoto-Badagry Highway projects will open up 16 connecting states, creating thousands of jobs and boosting economic output through trade, tourism and cultural integration

15. Our once-declining oil and gas industry is experiencing a resurgence on the back of the reforms I announced in May 2024 to address the gaps in the Petroleum Industry Act. Last month, we increased our oil production to 1.61million barrels per day, and our gas assets are receiving the attention they deserve. Investors are coming back, and we have already seen two Foreign Direct Investments signed of over half a billion dollars since then.

16. Fellow Nigerians, we are a country blessed with both oil and gas resources, but we met a country that had been dependent solely on oil-based petrol, neglecting its gas resources to power the economy. We were also using our hard-earned foreign exchange to pay for, and subsidise its use. To address this, we immediately launched our Compressed Natural Gas Initiative (CNG) to power our transportation economy and bring costs down. This will save over two trillion Naira a month, being used to import PMS and AGO and free up our resources for more investment in healthcare and education.

17. To this end, we will be distributing a million kits of extremely low or no cost to commercial vehicles that transport people and goods and who currently consume 80% of the imported PMS and AGO.

18. We have started the distribution of conversion kits and setting up of conversion centres across the country in conjunction with the private sector. We believe that this CNG initiative will reduce transportation costs by approximately 60 per cent and help to curb inflation.

19. Our administration has shown its commitment to the youth by setting up the student loan scheme. To date, 45.6billion Naira has already been processed for payment to students and their respective institutions

20. I encourage more of our vibrant youth population to take advantage of this opportunity. We established the Consumer Credit Corporation with over N200billion to help Nigerians to acquire essential products without the need for immediate cash payments, making life easier for millions of households. This will consequently reduce corruption and eliminate cash and opaque transactions. This week, I ordered the release of an additional N50billion Naira each for NELFUND – the student loan, and Credit Corporation from the proceeds of crime recovered by the EFCC

21. Additionally, we have secured $620million under the Digital and Creative Enterprises (IDiCE) – a programme to empower our young people, creating millions of IT and technical jobs that will make them globally competitive. These programmes include the 3Million Technical Talents scheme. Unfortunately, one of the digital centres was vandalised during the protests in Kano. What a shame!

22. In addition, we have introduced the Skill-Up Artisans Programme (SUPA); the Nigerian Youth Academy (NIYA); and the National Youth Talent Export Programme (NATEP).

23. Also, more than N570 billion has been released to the 36 states to expand livelihood support to their citizens, while 600,000 nano-businesses have benefitted from our nano-grants. An additional 400,000 more nano-businesses are expected to benefit.

24. Furthermore, 75,000 beneficiaries have been processed to receive our N1million Micro and Small Business single-digit interest loans,  starting this month. We have also built 10 MSME hubs within the past year, created 240,000 jobs through them and 5 more hubs are in progress which will be ready by October this year.

25. Payments of N1billion each are also being made to large manufacturers under our single-digit loans to boost manufacturing output and stimulate growth.

26. I signed the National Minimum Wage into law last week, and the lowest-earning workers will now earn at least N70,000 a month.

27. Six months ago in Karsana, Abuja, I inaugurated the first phase of our ambitious housing initiative, the Renewed Hope City and Estate. This project is the first of six we have planned across the nation’s geopolitical zones. Each of these cities will include a minimum of 1,000 housing units, with Karsana itself set to deliver 3,212 units

28. In addition to these city projects, we are also launching the Renewed Hope Estates in every state, each comprising 500 housing units. Our goal is to complete a total of 100,000 housing units over the next three years. This initiative is not only about providing homes but also about creating thousands of jobs across the nation as well as stimulating economic growth.

29. We are providing incentives to farmers to increase food production at affordable prices. I have directed that tariffs and other import duties should be removed on rice, wheat, maize, sorghum, drugs, and other pharmaceutical and medical supplies for the next 6 months, in the first instance, to help drive down the prices.

30. I have been meeting with our Governors and key Ministers to accelerate food production. We have distributed fertilisers. Our target is to cultivate more than 10 million hectares of land to grow what we eat. The Federal Government will provide all necessary incentives for this initiative, whilst the states provide the land, which will put millions of our people to work and further increase food production. In the past few months, we have also ordered mechanized farming equipment such as tractors and planters, worth billions of Naira from the United States, Belarus, and Brazil. I can confirm to you that the equipment is on the way.

31. My dear Nigerians, especially our youth, I have heard you loud and clear. I understand the pain and frustration that drive these protests, and I want to assure you that our government is committed to listening and addressing the concerns of our citizens.

32. But we must not let violence and destruction tear our nation apart. We must work together to build a brighter future, where every Nigerian can live with dignity and prosperity.

33. The task before us is a collective one, and I am leading the charge as your President. A lot of work has gone into stabilising our economy and I must stay focused on ensuring that the benefits reach every single Nigerian as promised.

34. My administration is working very hard to improve and expand our national infrastructure and create more opportunities for our young people.

35. Let nobody misinform and miseducate you about your country or tell you that your government does not care about you. Although there have been many dashed hopes in the past, we are in a new era of Renewed Hope. We are working hard for you, and the results will soon be visible and concrete for everyone to see, feel, and enjoy.

Let us work together to build a brighter future for ourselves and for generations to come. Let us choose hope over fear, unity over division, and progress over stagnation. The economy is recovering; Please, don’t shut out its oxygen.

Now that we have been enjoying democratic governance for 25 years, do not let the enemies of democracy use you to promote an unconstitutional agenda that will set us back on our democratic journey. FORWARD EVER, BACKWARD NEVER!

37. In conclusion, security operatives should continue to maintain peace, law, and order in our country following the necessary conventions on human rights, to which Nigeria is a signatory. The safety and security of all Nigerians are paramount.

38. Thank God — and Thank you for your attention, and may God continue to bless our great Nation. Thank you very much.

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Tinubu to Nigerian Youth: "I have heard you loud and clear....suspend any further protest"

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Nigeria’s Tinubu urges end to protests against economic hardship

Protesters demand quicker reforms and government action to ease the pain amid reforms carried out by the new president.

President Bola Tinubu has told Nigerians protesting against a cost of living crisis that he has “heard” them as he called for the suspension of the demonstrations and an end to “bloodshed”, in his first public comments since protests broke out last week.

In his televised address on Sunday, Tinubu called for an end to violence in several states since the protests started, saying he was always open to dialogue.

Keep reading

Photos: protesters in nigeria demonstrate over high cost of living, what is fuelling protests and a violent crackdown in nigeria, police fire tear gas as nigeria economic hardship protests resume.

Rights group Amnesty International has accused security forces of killing at least 13 protesters, while police say seven people died and deny responsibility.

“My dear Nigerians, especially our youth, I have heard you loud and clear. I understand the pain and frustration that drive these protests, and I want to assure you that our government is committed to listening and addressing the concerns of our citizens,” Tinubu said.

“But we must not let violence and destruction tear our nation apart,” he added.

In office since May 2023, Tinubu defended his economic reforms, which have included a partial end to petrol and electricity subsidies and devaluation of the naira, as necessary to reverse years of economic mismanagement.

Thousands of people began taking to the streets on August 1 to protest against government policies and the high cost of living. They also mobilised online to demand a cut in petrol prices and electricity tariffs, among several demands.

Reacting to Tinubu’s address, Lagos-based activist Opeyemi Folarin said the speech was “underwhelming”.

“If he was willing for dialogue, he should have made a concession,” he told Al Jazeera, adding that protesters were determined to continue until the government acted on their demands.

“It is non-negotiable.”

Al Jazeera’s Ahmed Idris, reporting from a small protest in Lagos, said that while Tinubu’s government is making reforms a centrepiece in his government, the president in his speech “did not address the fundamental demand of the protesters”, in particular the reinstatement of fuel subsidies.

“People are really desperate for relief, and that is why people are going to continue to demand for quicker reforms and government action to ease the pain,” he said.

Police in Nigeria said they had arrested nearly 700 people in the first two days of the protests, accusing them of “armed robbery, arson, mischief” and destroying property.

Amnesty has urged police to release demonstrators and refrain from firing live rounds to break up crowds.

On Friday, it said “security personnel at the locations where lives were lost deliberately used tactics designed to kill while dealing with gatherings of people protesting hunger and deep poverty”.

In his address, Tinubu said: “Security operatives should continue to maintain peace, law, and order in our country following the necessary conventions on human rights, to which Nigeria is a signatory.”

He also said the government was ramping up spending on infrastructure projects, started a loan scheme for university students and was building thousands of housing units across Nigeria’s 36 states.

Government revenues had more than doubled to 9.1 trillion naira ($5.55bn) in the first half of this year while 68 percent of revenue now went to debt servicing, down from 97 percent before Tinubu took office in May last year.

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Nigeria's president calls for end to protests against economic hardship

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President Biden speaks on the stakes of the 2024 election, and on his place in history

By Robert Costa

Updated on: August 12, 2024 / 2:07 PM EDT / CBS News

In his first interview since withdrawing from his re-election bid last month , President Biden told "CBS Sunday Morning" that he made his decision, in part, so that the Democratic Party could fully concentrate on what he believes is an urgent task at hand: preventing former President Donald Trump from regaining the White House.

Speaking with CBS News chief election & campaign correspondent Robert Costa, Mr. Biden said that he made his historic decision at his family home in Rehoboth Beach, Delaware, in late July, just weeks after his debate with Trump, which caused concern in some Democratic circles.

"The polls we had showed that it was a neck-and-neck race, would have been down to the wire," Mr. Biden said. "But what happened was, a number of my Democratic colleagues in the House and Senate thought that I was gonna hurt them in the races. And I was concerned if I stayed in the race, that would be the topic. You'd be interviewing me about 'Why did Nancy Pelosi say…' 'Why did so-and-so…' And I thought it'd be a real distraction, number one.

"Number two, when I ran the first time, I thought of myself as being a transition President. I can't even say how old I am; it's hard for me to get it outta my mouth. But things got moving so quickly, it didn't happen."

Added to that combination, he said, was "the critical issue for me still – it's not a joke – maintaining this democracy. I thought it was important. Because, although it's a great honor being president, I think I have an obligation to the country to do what [is] the most important thing you can do, and that is, we must, we must, we must defeat Trump."

President Biden announced his decision on Sunday, July 21, and addressed the nation from the Oval Office three days later, saying that he would not let anything, even "personal ambition," get in the way of "saving our democracy."

• Read President Biden's letter announcing his withdrawal from the 2024 presidential race

Following his speech, he was joined by members of his family. Asked what he told them after his historic address, Mr. Biden replied, "It's what they said to me. They said – my grandchildren call me Pop, my children call me Dad. And they said they were proud, and it mattered to me a lot."

Costa then asked about the president's late son, Beau Biden, who died in 2015. "When I saw you with your family in the Oval, I wondered, is he thinking of Beau, too?"

Mr. Biden paused. "Look, I can honestly say that I think of him all the time. Whenever I have a decision that's really hard to make, I literally ask myself, 'What would Beau do?' He should be sitting here being interviewed, not me. He was really a fine man. You know, Beau was committed to my staying committed. We had a conversation toward the end when he was … we, everybody, we knew he wasn't going to live. And he said, 'Dad, I know, we know what's gonna happen. I'm gonna be okay, Dad. I'm all right. I'm not afraid. But Dad, you gotta make me a promise.' I said, 'What's that, Beau?' He said, 'I know when it happens, you're gonna want to quit. You're not gonna stay engaged …. Look at me. Look at me, Dad. Give me your word as a Biden. When I go, you'll stay engaged. Give me your word. Give me your word.' And I did.

"And that's why – I had not planned on running after he died, and then Charlottesville happened."

On August 12, 2017, white supremacist demonstrations in Charlottesville, Virginia turned deadly when Heather Heyer, a civil rights activist, was murdered in what the Justice Department called a "hate-inspired act of domestic terrorism."

Mr. Biden has long traced his decision to run in 2020 to that moment – the beginning of his journey to the presidency.

Costa asked, "As you look at American democracy seven years later, how do you see it?"

"When I spoke to the mom who lost her daughter as a consequence of neo-Nazis and right [wing], white supremacists coming out of fields in America with torches, carrying Nazi banners, singing the same, sick antisemitic bile that was sung in Germany in the '30s, and when her daughter was killed, the press went to then-President Trump and said, 'What do you think?' He said, 'There are very fine people on both sides.' I knew then, I knew I had to do something. And that's why I decided to run, because democracy was literally at stake."

Mr. Biden explained that the Republican nominee's talk underscores his concerns that a second Trump term would undermine democracy.

"He evidenced everything that we thought," Mr. Biden said. "Now, January 6th, attack on the Capitol, he talks about now, because he now talks about making sure they're all, you know, let out of prison. He's gonna pardon them. Think of this. Every other time the Ku Klux Klan has been involved they wore hoods so they're not identified. Under his presidency, they came out of those woods with no hoods, knowing they had an ally. That's how I read it. They knew they had an ally in the White House. And he stepped up for them."

Mr. Biden said he is not confident that there would be a peaceful transfer of power should Trump [who refused to acknowledge his election loss in 2020] lose in November to Vice President Kamala Harris.

 "If Trump wins ... I mean, if Trump loses, I'm not confident at all," Mr. Biden said. "He means what he says. We don't take him seriously. He means it. All the stuff about, 'If we lose, it'll be a bloodbath …' Look what they're trying to do now in the local election districts where people count the votes. They're putting people in place in states that they're gonna 'count the votes,' right?"

Repeating his familiar maxim about politics in a democracy, President Biden said, "You can't love your country only when you win."

Trump has said his remarks on Charlottesville were not intended to praise white nationalists, and that he was warning of economic carnage when he said "bloodbath."

But Trump isn't the only thing on Mr. Biden's mind, with five months left in his presidency.

Asked if he believes a ceasefire is possible in Israel's war with Hamas before he leaves office, Mr. Biden replied, "Yes. It's still possible. The plan I put together, endorsed by the G7, endorsed by the U.N. Security Council, et cetera, is still viable. And I'm working literally every single day – and my whole team – to see to it that it doesn't escalate into a regional war. But it easily can."

When Mr. Biden entered office in early 2021, he had an ambitious agenda. Costa said, "Some Senators told me, in March of 2021, you took them into the Oval Office and pointed up at FDR's portrait and said, 'We're going big. We're going in that direction.'"

"I did," Mr. Biden said. "And we have, with the great help of so many people. Look, democracy works. And it was very important to prove that it worked, prove that it worked. I mean, look at what we've been able to do: We created 16 million jobs, I mean, real new jobs. We've gotten around a brink of having the private sector invest over a trillion dollars – a trillion dollars – in the American economy. One of the things I fought for as a Senator for a long time was to change the dynamic of how we grow the economy, not from the top down, but from the bottom up. The idea of trickle-down economics doesn't work, in my view."

Asked if he would project that pride in his administration's record by going on the campaign trail with Harris, Mr. Biden said yes. "I talk to her frequently, and by the way, I've known her running mate is a great guy. As we say, if we grew up in the same neighborhood, we'd have been friends. He's my kind of guy. He's real, he's smart. I've known him for several decades. I think it's a hell of a team."

"To those who have expressed skepticism about how much you'll be on the trail, or about the rest of your term, raised questions about your health, what do you say to them?" asked Costa.

"All I can say is, 'Watch.' That's all," Mr. Biden replied. "Look, I had a really, really bad day in that debate because I was sick. But I have no serious problem.

"I was talking to Governor Shapiro, who's a friend. We have got to win Pennsylvania, my original home state. He and I are putting together a campaign tour in Pennsylvania. I'm going to be campaigning in other states as well. And I'm going to do whatever Kamala thinks I can do to help most."

Mr. Biden talked with "CBS Sunday Morning" in the president's private residence, in the White House Treaty Room, where historic peace agreements have been signed, beneath a portrait of Ulysses S. Grant, the general-turned-president who labored to restore the Union after the Civil War.

Asked how he wishes history to remember him, President Biden replied, "That he proved democracy can work. It got us out of a pandemic. It produced the single greatest economic recovery in American history. We're the most powerful economy in the world. We have more to do. And it demonstrated that we can pull the nation together.

"Look, I've always believed, and I still do, the American people are good and decent, honorable people," he said. "When I announced my candidacy to run way back for President, I said, 'We've got to do three things: Restore the soul of America; build the economy from the middle out and the bottom up, not the top down; and bring the country together.' No one thought we could get done – including some of my own people – what we got done.

"One of the problems is, I knew all the things we did were going to take a little time to work their way through," he continued. "So now, people are realizing, 'Oh, that highway, oh, that …' The biggest mistake we made, we didn't put up signs saying, 'Joe did it'!"

Four years ago, what "Joe" did was defeat Donald Trump. Now, with Trump attempting to return to the White House, the president is sounding the alarm in a way sitting presidents rarely, if ever, do.

"The stakes are that high to you?" asked Costa.

"I give you my word, I think they're that high," Mr. Biden said. "Mark my words: If he wins this nomination, I mean, excuse me, this election, watch what happens. It's a danger. He's a genuine danger to American security.

"Look, we're at an inflection point in world history, we really are," the president said. "The decisions we make in the last three, four years, and the next three or four years are going to determine what the next six decades look like. And democracy is the key. And that's why I went down and made that speech in Johnson Center about the Supreme Court. Supreme Court is so out of whack, so out of whack. And so, I proposed that we limit terms to 18 years .

"There's little regard by the MAGA Republicans for the political institutions," he said. "That's what holds this country together. That's what democracy's about. That's who we are as a nation."

        Story produced by Ed Forgotson. Editor: Carol A. Ross.

      WEB EXTRA:  President Biden on uniting Europe, making NATO stronger (Video)

Robert Costa is the Chief Election & Campaign correspondent for CBS News, where he covers national politics and American democracy.

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FACT FOCUS: A look at claims made by Trump at news conference

Trump lashes out at Harris, recommits to a Sept. 10 debate at hourlong news conference

Republican presidential nominee former President Donald Trump speaks to reporters during a news conference at his Mar-a-Lago estate Thursday, Aug. 8, 2024, in Palm Beach, Fla. (AP Photo/Alex Brandon)

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FILE - Crowds are shown in front of the Washington Monument during the March on Washington for Jobs and Freedom, Aug. 28, 1963, in Washington. (AP Photo, File)

Republican presidential nominee former President Donald Trump talks about his ear as he speaks to reporters during a news conference at his Mar-a-Lago estate Thursday, Aug. 8, 2024, in Palm Beach, Fla. (AP Photo/Alex Brandon)

In his first news conference since Vice President Kamala Harris became the Democratic nominee for president, former President Donald Trump said he would debate her on Sept. 10 and pushed for two more debates. The Republican presidential nominee spoke for more than an hour, discussing a number of issues facing the country and then taking questions from reporters. He made a number of false and misleading claims. Many of them have been made before.

Here’s a look at some of those claims.

CROWD SIZES

CLAIM: “The biggest crowd I’ve ever spoken — I’ve spoken to the biggest crowds. Nobody’s spoken to crowds bigger than me. If you look at Martin Luther King when he did his speech, his great speech, and you look at ours, same real estate, same everything, same number of people, if not we had more. And they said he had a million people, but I had 25,000 people.”

THE FACTS: Trump was comparing the crowd at his speech in front of the White House on Jan. 6, 2021, to the crowd that attended Martin Luther King Jr.’s famous “I Have a Dream” speech on Aug. 28, 1963, at the Lincoln Memorial.

But far more people are estimated to have been at the latter than the former.

Approximately 250,000 people attended the March on Washington for Jobs and Freedom, at which King gave his speech, according to the National Park Service . The Associated Press reported in 2021 that there were at least 10,000 people at Trump’s address.

Moreover, Trump and King did not speak in the same location. King spoke from the steps of the Lincoln Memorial , which looks east toward the Washington Monument. Trump spoke at the Ellipse , a grassy area just south of the White House.

CLAIM: “Nobody was killed on Jan. 6.”

THE FACTS: That’s false. Five people died in the Jan. 6, 2021, riot and its immediate aftermath. Pro-Trump rioters breached the U.S. Capitol that day amid Congress’ effort to certify Democrat Joe Biden’s 2020 election victory.

Among the deceased are Ashli Babbitt, a Trump supporter shot and killed by police, and Brian Sicknick, a police officer who died the day after battling the mob. Four additional officers who responded to the riot killed themselves in the following weeks and months.

Babbitt, a 35-year-old Air Force veteran from San Diego, was shot and killed by a police officer as she climbed through a broken part of a Capitol door during the violent riot. Trump has often cited Babbitt’s death while lamenting the treatment of those who attended a rally outside the White House that day and then marched to the Capitol, many of whom fought with police.

DEMOCRATIC NOMINATION

CLAIM: “The presidency was taken away from Joe Biden, and I’m no Biden fan, but I tell you what, from a constitutional standpoint, from any standpoint you look at, they took the presidency away.”

THE FACTS: There is nothing in the Constitution that prevents the Democratic Party from making Vice President Kamala Harris its nominee. That process is determined by the Democratic National Committee.

Harris officially claimed the nomination Monday following a five-day online voting process, receiving 4,563 delegate votes out of 4,615 cast, or about 99% of participating delegates. A total of 52 delegates in 18 states cast their votes for “present,” the only other option on the ballot.

The vice president was the only candidate eligible to receive votes after no other candidate qualified by the party’s deadline following President Joe Biden’s decision to drop out of the race on July 21.

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THE ECONOMY

CLAIM: Suggesting things would be different if he had been in office rather than Biden: “You wouldn’t have had inflation. You wouldn’t have had any inflation because inflation was caused by their bad energy problems. Now they’ve gone back to the Trump thing because they need the votes. They’re drilling now because they had to go back because gasoline was going up to 7, 8, 9 dollars a barrel.”

THE FACTS: There would have been at least some inflation if Trump had been reelected in 2020 because many of the factors causing inflation were outside a president’s control. Prices spiked in 2021 after cooped-up Americans ramped up their spending on goods such as exercise bikes and home office furniture, overwhelming disrupted supply chains. U.S. auto companies, for example, couldn’t get enough semiconductors and had to sharply reduce production, causing new and used car prices to shoot higher. Russia’s invasion of Ukraine in March 2022 also sent gas and food prices soaring around the world, as Ukraine’s wheat exports were disrupted and many nations boycotted Russian oil and gas.

Still, under Biden, U.S. oil production reached a worldwide record level earlier this year .

Many economists, including some Democrats, say Biden’s $1.9 trillion financial support package, approved in March 2021, which provided a $1,400 stimulus check to most Americans, helped fuel inflation by ramping up demand. But it didn’t cause inflation all by itself. And Trump supported $2,000 stimulus checks in December 2020, rather than the $600 checks included in a package he signed into law in December 2020.

Prices still spiked in countries with different policies than Biden’s, such as France , Germany and the U.K. , though mostly because of the sharp increase in energy costs stemming from Russia’s invasion.

IMMIGRATION

CLAIM: “Twenty million people came over the border during the Biden-Harris administration — 20 million people — and it could be very much higher than that. Nobody really knows.”

THE FACTS: Trump’s 20 million figure is unsubstantiated at best, and he didn’t provide sources.

U.S. Customs and Border Protection reports 7.1 million arrests for illegal crossings from Mexico from January 2021 through June 2024. That’s arrests, not people. Under pandemic-era asylum restrictions, many people crossed more than once until they succeeded because there were no legal consequences for getting turned back to Mexico. So the number of people is lower than the number of arrests.

In addition, CBP says it stopped migrants 1.1 million times at official land crossings with Mexico from January 2021 through June 2024, largely under an online appointment system to claim asylum called CBP One.

U.S. authorities also admitted nearly 500,000 migrants from Cuba, Haiti, Nicaragua and Venezuela under presidential authority if they had financial sponsors and arrived at an airport.

All told, that’s nearly 8.7 million encounters. Again, the number of people is lower due to multiple encounters for some.

There are an unknown number of people who eluded capture, known as “got-aways” in Border Patrol parlance. The Border Patrol estimates how many but doesn’t publish that number.

CLAIM: Vice President Kamala Harris “was the border czar 100% and all of a sudden for the last few weeks she’s not the border czar anymore.”

THE FACTS: Harris was appointed to address “root causes” of migration in Central America. That migration manifests itself in illegal crossings to the U.S., but she was not assigned to the border.

NEW YORK CASES

CLAIM: “The New York cases are totally controlled out of the Department of Justice.”

THE FACTS: Trump was referring to two cases brought against him in New York — one civil and the other criminal.

Neither has anything to do with the U.S. Department of Justice.

The civil case was initiated by a lawsuit from New York Attorney General Letitia James. In that case, Trump was ordered in February to pay a $454 million penalty for lying about his wealth for years as he built the real estate empire that vaulted him to stardom and the White House.

Manhattan District Attorney Alvin Bragg, a state-level prosecutor, brought the criminal case . In May, a jury found Trump guilty on 34 felony counts in a scheme to illegally influence the 2016 election through a hush money payment to a porn actor who said the two had sex.

___ Associated Press writers Melissa Goldin and Elliot Spagat and economics writer Christopher Rugaber contributed to this article. ___

Find AP Fact Checks here: https://apnews.com/APFactCheck .

An earlier version of this story mixed up “latter” and “former” in the third paragraph. Martin Luther King Jr.’s “I Have a Dream” speech on Aug. 28, 1963, drew a far larger crowd than Donald Trump’s speech near the White House on Jan. 6, 2021.

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Biden, Obama and the Clintons Will Speak at the Democratic Convention

The president, two of his predecessors and the party’s 2016 nominee are said to be planning speeches at the party’s gathering next week in Chicago.

By Reid J. Epstein and Nicholas Nehamas

Reporting from Washington

• Aug. 12, 2024

Democrats will hear from three presidents at their convention next week in Chicago, where they will gather to recognize Vice President Kamala Harris as their nominee and celebrate an unexpected campaign that has turned the race on its head.

President Biden is expected to address delegates next Monday, the convention’s first night, with former President Barack Obama speaking on Aug. 20, according to three people familiar with the planning who insisted on anonymity to discuss sensitive arrangements. Former President Bill Clinton and former Secretary of State Hillary Clinton, the party’s 2016 nominee, will also speak at the convention, two of the people said.

Ms. Harris’s running mate, Gov. Tim Walz of Minnesota, has been given an Aug. 21 speaking slot. And Ms. Harris herself will ceremonially accept the nomination on Aug. 22, the convention’s grand finale.

A formal speaking schedule has not yet been released. Neither has the identity of the convention’s keynote speaker, a high honor often bestowed on a rising star in the party. Past keynote speakers at Democratic conventions have included Mr. Obama in 2004 ; Julián Castro, then the mayor of San Antonio, in 2012 ; and Senator Elizabeth Warren of Massachusetts in 2016 . At the party’s virtual 2020 convention, a medley of younger Democrats gave a group keynote address via video.

Since taking over from Mr. Biden, Ms. Harris has transformed the contest against former President Donald J. Trump, raising hundreds of millions of dollars, drawing tens of thousands of people to rallies and significantly improving on Mr. Biden’s standing in polls. What just a few weeks ago seemed a certain defeat for Democrats in November now has all the feelings of a close race.

Conventions are usually a place for a party’s ambitious hopefuls to try to shine in anticipation of the next election cycle. At a convention for Mr. Biden, 81, that would have been doubly true, with younger Democrats like Ms. Harris, Gov. Gavin Newsom of California, Gov. Gretchen Whitmer of Michigan and Secretary of Transportation Pete Buttigieg all vying for the limelight. But Ms. Harris’s ascent to the top of the ticket has put 2028 on the back burner for now.

And while a convention focused on Mr. Biden would almost surely have suffered from the lack of enthusiasm that pervaded his campaign, Ms. Harris’s is likely to be more festive. Hip-hop and hipster rock stars have graced her rallies, and numerous celebrities have come out in support of her bid.

Shane Goldmacher contributed reporting.

Reid J. Epstein covers campaigns and elections from Washington. Before joining The Times in 2019, he worked at The Wall Street Journal, Politico, Newsday and The Milwaukee Journal Sentinel. More about Reid J. Epstein

Nicholas Nehamas is a Times political reporter covering the re-election campaign of President Biden. More about Nicholas Nehamas