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President Tinubu Reveals why he Included Fuel Subsidy Removal in his Inauguration speech

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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

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Ten-Man Mali Stun Tunisia on Penalties to Reach AFCON 2025 Quarter-Finals

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Mali dramatically advanced to the quarter-finals of the 2025 Africa Cup of Nations after defeating Tunisia 3-2 on penalties following a 1-1 draw in extra time, despite playing with ten men for most of the Round of 16 clash at the Mohammed V Stadium on Saturday.

The Eagles, reduced to ten players after Woyo Coulibaly’s straight red card in the 26th minute for a lunging tackle on Hannibal Mejbri, looked destined for elimination when substitute Firas Chaouat headed Tunisia ahead in the 88th minute from Elias Saad’s cross.

However, in a frantic finish, Yassine Meriah’s handball in the box during stoppage time allowed Lassine Sinayoko to equalize from the penalty spot in the 96th minute, forcing extra time.

With no further goals in the additional 30 minutes, the match went to penalties. Mali goalkeeper Djigui Diarra emerged as the hero, saving shots from Elias Achouri and Mohamed Ali Ben Romdhane. El Bilal Touré slotted home the decisive kick after Ali Abdi skied his effort, sealing a 3-2 shootout victory.

Mali captain Yves Bissouma and Nene Dorgeles missed for the Eagles in the shootout, but Diarra’s saves proved pivotal in one of the tournament’s most thrilling encounters.

The result sets up a blockbuster West African quarter-final showdown between Mali and defending champions Senegal, who earlier dispatched Sudan 3-1 in Tangier.

Senegal, led by braces from Pape Gueye and a late strike from teenage substitute Ibrahim Mbaye, will face Mali on January 9 at the Grand Stade de Tangier.

Mali coach Eric Chelle praised his side’s resilience: “Playing with ten men for so long and coming back like that shows the character in this team. We’re ready for Senegal—it’s going to be a tough battle.

“Tunisia, who dominated possession but struggled to break down Mali’s defensive setup, exit the tournament after a frustrating campaign, having won only one group-stage match.

The 2025 AFCON, hosted in Morocco, continues with more Round of 16 fixtures on Sunday, including hosts Morocco against Tanzania. The quarter-finals promise intense matchups as the race for the title heats up.

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FCT Minister Wike Vows No Support for Governor Fubara’s 2027 Re-election Bid

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Federal Capital Territory Minister Nyesom Wike has firmly declared that he and his political allies will not back Rivers State Governor Siminalayi Fubara’s bid for a second term in 2027, warning that such support would amount to “political suicide” for his camp.

Speaking during a stakeholders’ meeting in Okrika Local Government Area on Saturday, Wike described Fubara’s emergence in 2023 as a “leadership mistake” that must not be repeated. “We have made a decision as far as Tinubu is concerned.

The other one [Fubara] — no way. Because if we make another mistake, then we will go and bury ourselves politically. I will not allow myself to be buried,” he stated emphatically.

The minister, who played a pivotal role in Fubara’s 2023 gubernatorial victory, accused the governor of poor leadership, citing his alleged inability to maintain cordial relations with local government chairmen, state assembly members, and National Assembly representatives.

“Someone who cannot relate with the local government chairmen, state assembly members and national assembly members — what kind of leadership do you want to provide?” Wike questioned.

Wike’s remarks come amid renewed hostilities following Fubara’s defection to the All Progressives Congress (APC) in December 2025, a move seen as bolstering his second-term ambitions. The minister further alleged that Fubara breached a peace agreement brokered by President Bola Tinubu, which facilitated the lifting of emergency rule in the state and the governor’s reinstatement.

While pledging unwavering support for President Tinubu’s re-election, Wike dismissed suggestions that Fubara’s alignment with the APC would automatically secure his re-election. “Supporting Tinubu won’t save Fubara,” he said during earlier engagements in Ogba/Egbema/Ndoni and other local government areas.

The escalating feud has fractured ethnic and political alignments in the oil-rich state. The Ijaw Youth Council (IYC) has endorsed Fubara for a second term, praising his people-centered policies, while the Rivers Ijaw People’s Congress withdrew support from the governor, pledging loyalty to Wike.

APC national leaders have expressed backing for Fubara as a sitting governor, with the party’s National Secretary stating that no APC governor would be frustrated. However, Wike’s influence within the party’s Rivers structures remains significant, setting the stage for a fierce intra-party battle ahead of 2027.

Political observers note that the rift, rooted in control over party structures and resources, continues to dominate Rivers politics, with both sides mobilizing grassroots support.

As consultations and alignments intensify, the outcome could reshape power dynamics in the Niger Delta region.

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Governor Abba Yusuf’s Planned Defection to APC Postponed? See why.

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The anticipated defection of Kano State Governor Abba Kabir Yusuf from the New Nigeria Peoples Party (NNPP) to the ruling All Progressives Congress (APC) has been postponed, with the new date set for Monday, January 12, 2026.

The move, originally scheduled for January 5—coinciding with the governor’s 63rd birthday—was delayed following a meeting between Governor Yusuf and Vice President Kashim Shettima in Abuja on Friday.

Reports suggest that Yusuf personally requested additional time to conduct further consultations with key stakeholders, including state legislators, National Assembly members from Kano, and other political figures who have yet to fully commit to the transition.

“The governor wants to ensure broader alignment before formalizing the defection,” one anonymous source present at the Abuja meeting told reporters.

The postponement comes amid intensifying political realignments in Kano, Nigeria’s most populous state, ahead of the 2027 general elections. Yusuf’s potential switch to the APC is seen as a major boost for the ruling party, potentially consolidating its dominance in the North and neutralizing internal rivalries, including ambitions from figures like Deputy Senate President Barau Jibrin.

However, the plan has deepened rifts within the NNPP and the influential Kwankwasiyya movement led by Senator Rabiu Musa Kwankwaso, Yusuf’s longtime political mentor. Kwankwaso has publicly rejected the defection rumors, urging supporters to pray against it and warning that it would betray the party’s mandate.

NNPP national leadership has dissolved its Kano executive committee in response to the crisis, while some party officials have labeled the move a “betrayal.” Despite this, reports indicate strong backing for Yusuf from most state assembly members, local government chairmen, and grassroots structures.

Political analysts describe the development as reflective of broader calculations, with the APC reportedly coordinating at the highest levels to welcome Yusuf. If completed, the defection would leave the NNPP without its only sitting governor, significantly weakening its national standing.

As consultations continue, Kano remains a focal point of Nigeria’s fluid political landscape.

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