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BREAKING: Oodua groups back Tinubu on fuel subsidy removal

Published

2 years ago

June 6, 2023

124 Views

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.

Details later…

News

BREAKING: Uche Nnaji Resigns as Tinubu’s Minister

In a letter thanking President Bola Tinubu for having allowed him to serve Nigeria, Nnaji said that he has been a target of blackmail by political opponents, citing some allegations against him.

Published

8 hours ago

October 7, 2025

OCHEFA

13 Views

Geoffrey Uche Nnaji resigned today as the Minister of Innovation, Science and Technology.

In a letter thanking President Bola Tinubu for having allowed him to serve Nigeria, Nnaji said that he has been a target of blackmail by political opponents, citing some allegations against him.

In a statement signed by Bayo Onanuga, Special Adviser to the President on Information and Strategy, dated October 7, 2025 ,President Tinubu has accepted Nnaji ‘s resignation , thanks him for his service to the nation and wished him well in future endeavors.

President Tinubu appointed Nnaji in August 2023.

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President Tinubu Decorates INEC’s Mahmood Yakubu with “CON” National Honour

Yakubu was first appointed in November 2015 as the 14th chairman of the commission for an initial term of five years. The appointment, which was renewed in 2020, has now expired due to the passage of time.

Published

9 hours ago

October 7, 2025

OCHEFA

28 Views

President Bola Ahmed Tinubu on Tuesday conferred the honour of Commander of the Order of the Niger (CON) on Prof Mahmood Yakubu, the outgoing Chairman of the Independent National Electoral Commission (INEC), saying that the award was in recognition of Yakubu’s dedicated service to the nation.

President Tinubu thanked Professor Yakubu for his services to the nation and his efforts to sustain Nigeria’s democracy, particularly through the organisation of free and fair elections throughout his two-term tenure.

Consequent upon this, President Tinubu also directed that Professor Yakubu should hand over to the most senior national commissioner, May Agbamuche-Mbu, who will direct the affairs of the commission until the completion of the process to appoint a successor.

In the letter dated October 3, 2025, Professor Yakubu thanked the President for the opportunity to serve the nation as chairman of the commission since 2015.

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OpenAI’s Global Actors to Grace 2025 UNILAG International Week

Director of International Relations, Professor Ismail Ibraheem, emphasised the importance of the event in shaping Africa’s voice in the global tech space, stating that the week serves as a platform for practical collaborations between academia, industry, and government.

Published

9 hours ago

October 7, 2025

OCHEFA

29 Views

Prominent figures, including Emmanuel Lubanzadio from OpenAI, Yvonne Ike of Bank of America, Nigeria’s Minister of Communications Dr. Bosun Tijani, and entrepreneur Iyinoluwa Aboyeji, are set to participate in the 2025 University of Lagos (UNILAG) International Week.

The event, themed “Equitable Partnerships and the Future of AI in Africa,” will take place from October 13 to 17, 2025, at UNILAG’s Akoka campus.

The week-long program will bring together government officials, global partners, academics, and tech innovators to discuss artificial intelligence and collaboration.

Keynote speakers will include Dr. Tijani, Mr. Lubanzadio, and Ms. Ike, while sessions on digital governance will feature Nigeria’s BPP boss, Dr. Adedokun.

Young innovators like Adeleke Eniola, who developed an AI-powered malaria diagnostic tool, will also be highlighted.

Plenary sessions will cover topics such as ethical AI, data governance, and educational innovation, aiming for actionable outcomes like policy recommendations and investment linkages.

UNILAG continues to strengthen its international partnerships for research and skills development, reinforcing its role in global engagement.