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BREAKING: Oodua groups back Tinubu on fuel subsidy removal

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The Coalition of Oodua Self-Determination Groups has appealed to Nigerians to support the subsidy removal by President Bola Tinubu saying that he took the right decision.

The leader of the Yoruba groups, Mr Razak Olokoba, while speaking in a joint press conference held at the Airport Hotel, Ikeja, Lagos State on Tuesday, June 6, 2023, said Nigeria cannot continue to budget trillions of naira on fuel subsidy alone.

He said, “For this year, 2023, Nigeria budgeted N11 trillion of its oil revenue on subsidising petrol alone. This cannot continue. This is good money going down the drain, with little or nothing to show for it.

“This huge amount can be channelled into solving our several deficits, including, infrastructural, housing, education, healthcare and generally upgrading the quality of life for Nigerians. It will also help strengthen the naira.

Olokoba stressed that Nigeria’s economy depends 90 per cent on petroleum exports for its revenue and one-third of its Gross Domestic Product has been zero revenue from the sector, adding, “Tinubu said he inherited the assets and liabilities of the last regime. Nigeria currently owes massive local and foreign debts to the tune of N71 trillion.”

The group’s leader maintained that if the subsidy is not killed, it will kill Nigerians while explaining that since the year 2000 when the Nigerian government gave 20 refinery licences to private companies, adding that none was built apart from Dangote’s recently inaugurated.

Olokoba further encouraged competition in the oil sector, noting that it will bring about lower prices.

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Arise TV Deputy Director News Win Editor of The Year Award

The award’s: “In recognition of your exceptional editorial prowess, insightful journalism, and outstanding contributions to media excellence in Nigeria.”

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Deputy Director of News, Arise TV, Ohi OIdiai, has won Editor Of The Year 2026 Awards category, courtsey of The Industry Newspaper.

In a statement, the organiser said that the award was: “In recognition of your exceptional editorial prowess, insightful journalism, and outstanding contributions to media excellence in Nigeria.”

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JUST IN: Tinubu Signs ₦68.32 Trillion 2026 Budget

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……Extends 2025 Implementation to June 30

President Bola Ahmed Tinubu has given assent to the 2026 Appropriation Bill, approving a record aggregate expenditure of ₦68.32 trillion for the fiscal year.

The President also signed legislation extending the implementation period of the 2025 budget specifically its capital component from March 31, 2026, to June 30, 2026.

According to details of the new budget, ₦4.799 trillion is allocated for statutory transfers, while debt service is pegged at ₦15.8 trillion. Recurrent expenditure stands at ₦15.4 trillion, with the Development Fund for Capital Expenditure receiving ₦32.2 trillion.

Capital spending thus accounts for approximately 50 percent of the total budget, reflecting the administration’s focus on infrastructure development, national security, economic stability, and inclusive growth.

A statement from the State House described the allocations as striking a strategic balance between mandatory obligations, debt servicing, day-to-day government operations, and productive capital investments aimed at boosting productivity and improving the quality of life for Nigerians.

President Tinubu also assented to the Appropriation (Repeal and Enactment) (Amendment) Bill, 2026, which formally extends the 2025 capital projects window. Officials said the extension will allow Ministries, Departments, and Agencies (MDAs) to complete advanced-stage infrastructure and development projects, improve execution rates, and deliver better value for public funds.

The 2026 Appropriation Act takes effect from April 1, 2026, paving the way for full implementation in line with the Renewed Hope Agenda.

The President has directed all MDAs to ensure disciplined, transparent, and efficient use of resources, with strict emphasis on value for money and timely project delivery.

President Tinubu commended the National Assembly for its swift consideration and passage of the budget, describing it as a demonstration of diligence, cooperation, and patriotism.

He reaffirmed the need for continued collaboration between the Executive and Legislative branches to advance national development goals.

The President further assured Nigerians of his administration’s commitment to deepening fiscal reforms, boosting revenue generation, stimulating economic growth, creating jobs, and strengthening social protection programmes.

The announcement was made by Bayo Onanuga, Special Adviser to the President on Information & Strategy, on April 17, 2026.

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UTME 2026: System Glitch Disrupts Exam at Abuja CBT Center

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A technical glitch has disrupted the 2026 Unified Tertiary Matriculation Examination, (UTME), at the Good Success Computer-Based Test centre in Nigeria’s Federal Capital Territory, Abuja.

The system failure, which occurred at the commencement of the examination, led to a shutdown of operations at the centre, leaving several candidates unable to sit for the test.

Officials of the Joint Admissions and Matriculation Board, JAMB, and members of the Senate Committee on Tertiary Education were on ground to address the situation. However, their efforts did little to ease tensions, as affected candidates expressed frustration over the disruption.

Speaking to journalists, Chairman of the Senate Committee on Tertiary Education, Mohammed Mucktar Dantuse, alongside JAMB spokesperson, Dr. Fabian Benjamin, assured that all affected candidates will be rescheduled to write the examination.

They also pledged to strengthen technical systems to prevent similar occurrences in other centres nationwide.

Authorities say the affected CBT centre will be delisted from future examinations, as efforts continue to ensure a smooth exercise across the country.

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