News
President Tinubu Reveals why he Included Fuel Subsidy Removal in his Inauguration speech
Nigerian President, Bola Tinubu has on Friday described fuel subsidy as a “scam” and disincentive to growth, saying it rewarded smugglers and reduced the burden of the “real cost” of the commodity for some countries.
Tinubu made the assertion during a meeting with members of the Nigerian community in France, said a statement by his Special Adviser on Special Duties, Communication and Strategy, Dele Alake, later that day.
Addressing Nigerians in France, Tinubu explained that the Special Adviser on Monetary Policy, Wale Edun and Alake had excluded fuel subsidy removal from his inaugural speech, “but he felt it was expedient to stop the subsidy on the first day”.
President Bola Tinubu meets with Nigerians in Paris, France on Friday, June 23, 2023. Photo: State House
This marked the first time the President would publicly comment on his May 29 inaugural speech, in which he declared that fuel subsidy is gone.
The comment sparked a near-instant hike in prices and hoarding, leading to calls for protests by the Nigeria Labour Congress (NLC). This is despite former President Muhammadu Buhari’s early moves to end the payment of fuel subsidy by June.
President promised to reposition the education and health sectors, adding that ongoing reforms on the economy would be sustained and expanded, with a view to relieving families struggling with the burden of poverty and insecurity.
The remarks come 11 days after the President signed the Students Loan Bill into Law.
See the full statement below:
STATE HOUSE PRESS RELEASE
DIASPORA NIGERIANS POUR ENCOMIUMS ON PRESIDENT TINUBU FOR DECISIVE ACTION ON ECONOMY, PRESIDENT PROMISES TURN AROUND IN EDUCATION, HEALTH, SPORTS, SECURITY,
ENERGY
President Bola Ahmed Tinubu Friday in Paris–France assured Nigerians of repositioning the education and health sectors, while the ongoing reforms on the economy will be sustained and expanded, with a view to relieving families struggling with the burden of poverty and insecurity.
In an interactive session with members of Nigerian community living in France, who lauded President Tinubu for taking bold, decisive and visionary steps in fixing the economy, the Nigerian leader said more creative and innovate policies will be explored and implemented in areas that directly impact livelihood of Nigerians, like electricity sports and energy.
“To all of you, our hope renewed,’’ he said, welcoming plethora of suggestions going forward for the economy, and explaining some of the short-term and long-term framework for providing growth opportunities for individuals, families and institutions.
President Tinubu said the interest of Nigerians will always be protected, even in engagements with the international community, governments and multilateral institutions on global issues relating to climate change, energy transition, food security, trade, security and diplomacy.
“We have transport challenges, electricity challenges, infrastructural challenges and others. I let out the giant elephant of fuel subsidy without bringing down the house,’’ he said, adding, “Our diversity is our asset, if we know how to use it.’’
“We must promote unity and stability for all. Whether you voted for me during the elections, or not, I am your President. I will work on your behalf to ensure a turning point of prosperity,’’ the President told the gathering of professionals, including David Alaba, a footballer.
The President said he was presented with an option of meeting with a handful of Nigerians in France, but he preferred a larger number, pledging to be persistent, determined and focused on reforms for a better country.
President Tinubu explained that the fuel subsidy was a “scam” and disincentive to growth as it rewarded smugglers and reduced the burden of real cost of the commodity for some countries.
He said the Special Adviser on Monetary Policy, Wale Edun and Special Adviser on Special Duties, Communication and Strategy, Dele Alake, had excluded fuel subsidy removal in his inaugural speech, but he felt it was expedient to stop the subsidy on the first day.
“It was the next day I called the GMD of NNPL,’’ he said.
Nigeria’s Ambassador to France, Kayode Laro, thanked the President for accepting the proposal for the meeting with Nigerians on short notice and tight schedule, while the Chairman of the Nigerians in Diaspora Commission, Abike Dabiri-Ereluwa introduced some of the experts in France.
“We have Nigerians who are doing great today among us. We have the diaspora day and diaspora investment summit that provides opportunities for us to celebrate them, and attract new interests,’’ she said.
Prof Emmanuel Iga, Abiodun Odunuga, Anino Elawa, commended the President for the great steps taken in three weeks to reposition the economy.
“You have shown we have a committed and competent leader. You are the first President, who has no godfather. You are your godfather. We are impressed with removal of subsidy and streamlining of foreign exchange. We will wait for the palliatives,’’ Iga said.
Nigerians at the event assured President Tinubu of their full support for his progressive ideas.
Special Adviser to the President
Special Duties, Communication and Strategy
June 23, 2023
News
Dr. Pedro Obaseki to Sue Over Benin Abduction and Assault
Prominent Nigerian film scholar and cultural activist Dr. Pedro Agbonifo Obaseki has announced his decision to pursue legal action following a violent public abduction, assault, stripping, and unlawful detention he suffered in Benin City on Sunday, December 28, 2025.
In a strongly worded press statement released today, Dr. Obaseki described the incident as a “brutal public abduction” in which armed individuals forcibly took him, violently assaulted him, stripped him naked, threatened his life, and paraded him through major roads in broad daylight while recording and livestreaming the ordeal to deliberately humiliate him and instil fear in the public.
He was subsequently detained for several hours despite sustaining injuries, with no formal allegation or lawful charge disclosed. Dr. Obaseki stated that the perpetrators claimed to be acting on the instructions of the Oba of Benin or the Oba’s Palace.
However, he noted that the Benin Traditional Council has categorically denied any involvement, authorisation, or prior knowledge of the acts in a widely publicised formal letter, a position he has accepted and welcomed as part of the official record.
After extensive consultations with his family, clan, senior legal advisers, and respected elders, Dr. Obaseki said he has chosen to seek justice through lawful and constitutional means—not out of malice or political motives, but to ensure accountability, deterrence, and the protection of human dignity.
He emphasised that remaining silent in the face of such grave violations would amount to complicity and expose other citizens to similar abuses.
Dr. Obaseki has engaged leading human rights lawyer Mr. Femi Falana, SAN, as lead counsel to pursue appropriate civil and criminal proceedings against the individual perpetrators and any persons found to have aided, facilitated, or enabled the offences through due process.
In light of the severity of the incident and its broader public interest implications, he has also formally notified and is engaging international human rights bodies and partners to ensure independent oversight, transparency, and monitoring of the investigative and judicial processes.
“This action is taken not only to restore the dignity of an innocent citizen and protect his family, but also to deter future occurrences and to affirm that no individual or group may abduct, brutalise, or publicly dehumanise another outside the law,” Dr. Obaseki stated.
Out of respect for ongoing investigations and judicial proceedings, he said no further factual or evidentiary commentary would be made at this time.
News
JUST IN: One Killed, Two Injured in Tragic Truck Collision on Jimgbe–Ajaokuta–Lokoja Road
A devastating road accident on the busy Jimgbe–Ajaokuta–Lokoja highway claimed the life of a middle-aged mechanic on Sunday afternoon, while two other individuals sustained serious injuries.
The crash occurred around 1:30 p.m when a truck loaded with stones suffered a sudden mechanical failure and veered off course, slamming into another truck parked by the roadside.
The deceased, identified simply as Ayuba, was a mechanic actively repairing the parked truck at the time of the impact. Eyewitnesses described how the moving truck rammed directly into the stationary vehicle, trapping victims in the wreckage.
FRSC officers, assisted by good Samaritan motorists, worked frantically to extricate those trapped and provide immediate assistance at the scene.
The two injured victims were promptly evacuated to a nearby hospital for urgent medical treatment.
Traffic along the critical route was temporarily disrupted but has since returned to normal following the removal of the wreckage.
The incident serves as yet another stark reminder of the persistent road safety challenges on Nigerian highways, including mechanical failures, improper parking, and the risks faced by roadside workers.
Authorities continue to urge drivers to ensure regular vehicle maintenance and adherence to safety protocols to prevent such tragedies.
Investigations into the exact cause of the mechanical fault are ongoing.
News
Army says 80 Cross River militants surrender arms
Sokoya said that the militants were handed to the Rapid Response team of the Cross River State government after the exercise, and are currently undergoing profiling by the Department of State Services (DSS) at Muka Sam Hotel, Ikot Ansa, Calabar.
Photo: Cross River militants surrender arms | Photo: @HQNigerianArmy on X
80 militants voluntarily emerged from the creeks in Akpabuyo LGA of Cross River State and surrendered their arms to the Nigerian Army under the state government’s amnesty programme.
This was disclosed on Friday by Yemi Sokoya, assistant director, army public relations, Headquarters 13 Brigade.
Sokoya said that the surrender took place at Atimbo rear area, Operation Okwok, adding that the militants sprung from two separate camps.
He said that the first camp, led by ThankGod Ebikontei, also known as Ayibanuagha, presented 39 fighters, while the second camp, headed by John Isaac, also known as Akpokolo, surrendered 41 fighters.
The second group is popularly known as the Akpokolo Marine Forces or Border Boys, according to the army.
Sokoya said the militants also surrendered a cache of arms, ammunition, and other items during the exercise.
“These included three AK-47 rifles, two pump action guns, one Mark 4 rifle, one G3 rifle, twelve single-barrel guns, ten AK-47 magazines, three speed boats, four boat house power engines, one C4 charge explosive, nineteen rounds of 7.62mm NATO ammunition, and eighty-four DENGUN cartridges, as well as other assorted military kits, tools, locally fabricated weapons, and accessories,” he said.
Sokoya said that the militants were handed to the Rapid Response team of the Cross River State government after the exercise, and are currently undergoing profiling by the Department of State Services (DSS) at Muka Sam Hotel, Ikot Ansa, Calabar.
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