President Bola Tinubu has cautioned the All Progressives Congress (APC) against internal divisions that could undermine its long-term viability. The warning came during the party's National Convention at Eagles Square, Abuja, where Tinubu addressed party faithful. He framed the convention as a defining moment for both the ruling party and Nigeria's democratic trajectory.
The President defended his administration's reform agenda, insisting that difficult decisions were necessary to reposition the economy and secure long-term prosperity. Tinubu cited key economic indicators, including a decline in inflation to 14.45 per cent over eight consecutive months and an expansion of business activity for a full year. He also highlighted improved investor confidence, a booming stock market, and Nigeria's exit from the Financial Action Task Force (FATF) Grey List as evidence of progress.
However, Tinubu acknowledged persistent structural challenges, particularly in the power sector, where debts and ageing infrastructure continue to constrain growth. He disclosed plans to establish a Grid Asset Management Company (GAMCO) to inject about 1,600 megawatts into the national grid.
President Tinubu's words of caution to the APC against internal divisions are timely, but the party's track record on unity remains questionable. The establishment of a Grid Asset Management Company to address the power sector's structural challenges is a welcome move, but the government's ability to deliver on this promise remains to be seen. The President's appeal for greater inclusion of youths and women in governance and party leadership is a step in the right direction, but concrete actions are needed to translate this into reality. The ongoing U.S.-Israeli-Iranian conflict and its impact on Nigeria's economic environment are a reminder of the challenges the country faces, but Tinubu's optimism that current sacrifices will yield sustainable national growth is a message that resonates with many Nigerians.
