2024 has been another big year for President Bola Tinubu.
Indeed, this Christmas marks Tinubu’s second celebration with Nigerians.
Trust Tinubu, his administration has been running since the very first day it hit the ground.
With numerous policies and bills signed into law, the Nigerian leader has sustained his momentum in the pursuit of Renewed Hope.
President Bola Tinubu’s significant steps in 2024 include signing several bills into law, each addressing critical gaps in the nation’s socio-economic framework.
Join us as we explore some of the major bills Tinubu signed in 2024, which span education, regional development and workers’ welfare.
Defence Corporation Bill
On Febuary 9, 2024, Tinubu signed the Electricity Act (Amendment) Bill, 2024, into law.
This was made known in a statement by the former Special Adviser to the President on Media and Publicity, Ajuri Ngelale.
The Bill seeks to address the development and environmental concerns of host communities, and sets aside five percent of the actual annual operating expenditures of power generating companies (GENCOs) from the preceding year for the development of their respective host communities.
The Bill further provides that the funds set aside for the development of host communities will be received, managed, and administered for infrastructure development in the host communities by a reputable Trustee/Manager to be jointly appointed by the respective GENCO and their host community.
Student Loan Bill
President Tinubu signed the National Student Loan Re-enactment bill into law in April.
The President signed the bill in a short ceremony at the State House on Wednesday in the presence of the Senate President, Godswill Akpabio, Deputy President of the Senate, Barau Jibrin, and the Chief of Staff to the President, Femi Gbajabiamila.
The bill established the Nigerian Education Loan Fund (NELFUND), designed to provide financial aid to students in tertiary institutions.
Initially introduced in 2023, the scheme’s implementation faced repeated delays before its relaunch in April.
New Minimum Wage Bill
Tinubu signed the National Minimum Wage Amendment Bill 2024 into law in July.
The approval of the minimum wage from ₦30,000 to ₦70,000, was a response to prolonged agitation from labour unions in the country.
The legislation also mandates a review of wages every three years, ensuring that pay keeps pace with inflation.
Before the new minimum wage, the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) went on strike and shut down the national grid to press the government to meet their demands.
Old National Anthem Bill
President Tinubu, on May 29, approved the National Anthem Bill 2024, reinstating the old anthem, “Nigeria, We Hail Thee.”
Also Read: Tinubu’s Reforms Are Beginning To Yield Results – Ganduje
The bill sparked criticism at the time, with many Nigerians describing it as a distraction from the ongoing economic challenges facing the country.
Bill For Establishment Of Centre For Arms Control
On September 17, 2024, Tinubu signed the bill for the establishment of the National Center for the Control of Small Arms and Light Weapons.
According to the National Security Adviser (NSA) Nuhu Ribadu, the bill was a show of commitment by the President to curbing the proliferation of illegal arms.
North-west, South-east Development Commission Bills
On July 24, Tinubu signed the south-east and north-west Development Commission bills into law.
The commissions are responsible for managing funds for critical projects, including erosion control and road rehabilitation in the south-east and tackling infrastructure deficits in the north-west.