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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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Nigeria Police Unveils New IGP Portrait

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The Nigeria Police Force has recently unveiled the official portrait of the new Inspector-General of Police (IGP), Olatunji Rilwan Disu (also referred to as Tunji Disu).

This follows his appointment as Acting IGP on February 24, 2026, after the resignation of the previous IGP, Kayode Egbetokun (who cited family reasons).

The Nigeria Police Council unanimously confirmed and endorsed Disu as the substantive IGP on March 2, 2026, during a meeting chaired by President Bola Tinubu. His formal swearing-in is scheduled for Wednesday, March 4, 2026.

The portrait was released on March 3, 2026, by the Force Public Relations Officer, Benjamin Hundeyin, via official channels (including X/Twitter and the Nigeria Police Force’s social media).

It depicts Disu in full police uniform and is set to be displayed at key police formations nationwide as part of the formal recognition of his leadership role as the 23rd indigenous IGP.

Disu, born April 13, 1966 (age 59), hails from Lagos Island and joined the Nigeria Police Force in 1992. He has a background in public administration, forensic investigation, criminology, security studies, and more.

Prior roles include heading the Special Protection Unit and Force CID Annex in Lagos, and he previously served as Aide-de-Camp to then-Lagos Governor Bola Tinubu (during which time Egbetokun was also in the governor’s security detail).

This marks a leadership transition amid ongoing security challenges in Nigeria, with congratulations and discussions already circulating on social media and news outlets.

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BRT Bursts into Flame on Mile-12 Bridge in Lagos

Passengers quickly evacuated the vehicle and moved to safety following the outbreak of the fire.

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Passengers narrowly escaped death on Tuesday when a moving Bus Rapid Transit (BRT) bus caught fire on the Mile-12 Bridge along Ikorodu Road, Lagos.

Eyewitnesses reported that the high-capacity bus burst into flames mid-morning while in transit.

Passengers quickly evacuated the vehicle and moved to safety following the outbreak of the fire.

The Lagos State Fire and Rescue Service, working alongside other emergency responders, promptly extinguished the blaze.

The burnt bus was later removed from the bridge to prevent disruption to traffic flow.

The burnt bus was later removed from the bridge to prevent disruption to traffic flow.

Fortunately, there were no casualties reported from the incident.

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President Tinubu nominates Oyedele as Minister of State for Finance

Before President Tinubu nominated him as a minister, Oyedele(from Ikaram, Akoko, Ondo State), was the chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, which overhauled Nigeria’s tax system.

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Taiwo Oyedele and President Tinubu. Credit: State House Photo

President Bola Ahmed Tinubu has nominated Mr Taiwo Oyedele as the minister of state for finance, replacing Dr Doris Anite-Uzoka.

Anite-Uzoka will now move to the Ministry of Budget and National Planning, as the Minister of State, her third portfolio in the administration. President Tinubu has today conveyed the nomination of Oyedele to the Senate for confirmation in a letter to the Senate President, Godswill Akpabio.

Before President Tinubu nominated him as a minister, Oyedele(from Ikaram, Akoko, Ondo State), was the chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, which overhauled Nigeria’s tax system.

Oyedele, 50, is an economist, accountant and public policy expert.

He attended Yaba College of Technology, where he obtained a Higher National Diploma (HND) in accountancy and finance.

He attended Oxford Brookes University and earned a BSc in applied accounting.

He also completed executive education programmes at the London School of Economics, Yale University, the Gordon Institute of Business Science, and the Harvard Kennedy School.

Oyedele spent 22 years of his working career at PwC, joined in 2001 and rose to become the Fiscal Policy Partner and Africa Tax Leader.

Oyedele is also a professor at Babcock University in Ogun State and a visiting scholar at the Lagos Business School.

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