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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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WAEC revokes licenses of 574 schools over exam malpractices

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The West African Examination Council (WAEC) in Nigeria has sanctioned and revoked about 574 schools found to have engaged in examination malpractices.

Head of WAEC national office, Dr Amos Dangut, disclosed this while speaking to journalists at the national headquarters in Lagos yesterday.

He stated that the examination body has submitted the list of schools involved to the Federal Government through the Ministry of Education for sanctions.

The schools involved in malpractices would no longer be recognised as WAEC examination centres.

He said, “This year, we have shared with them a total of 574 schools whose recognition has been withdrawn. This measure will also be adopted by all examining bodies.

“These schools are no longer recognised as examination centres by WAEC, and we will not conduct exams there.”

Ahead of the 2025 West African Senior School Certificate Examination (WASSCE), scheduled from Thursday, April 24 to Friday, June 20, 2025, Dangut revealed that 1,973,253 candidates from 23,554 schools have registered for the examination.

This is an increase of 158,627 candidates compared to last year.

He said there are 979,228 males, while 994,025 are females.

Dangut highlighted WAEC’s commitment to leveraging technology, introducing the first-ever Computer-Based WASSCE (CB-WASSCE) for school candidates.

He disclosed that no two candidates will receive identical questions to discourage cheating.

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Easter: IG orders tight security, deployment of personnel to churches

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As Christians in Nigeria join others around the world to mark the 2025 Easter celebrations, the Inspector-General of Police, Kayode Egbetokun, has ordered tight security measures across the country to ensure a peaceful and hitch-free holiday.

In a statement on Friday by the Force Public Relations Officer, ACP Olumuyiwa Adejobi, the IGP extended warm Easter greetings to the Christian faithful, urging them to reflect on the values of hope, renewal, and sacrifice which the season represents.

Egbetokun directed all Commissioners of Police and supervising Assistant Inspectors-General of Police to intensify visibility policing, intelligence gathering, and extended surveillance in their jurisdictions.

He also directed the strategic deployment of personnel to churches, recreational centres, highways, and other public places to forestall any security breach during the festivities.

“‎The IGP hereby directs Commissioners of Police across all State Commands and Formations, and their supervising Assistant Inspectors-General of Police, to enhance visibility policing, extended vigilance, and intelligence gathering to ensure a safe and secure festive celebration for all citizens.

“He also emphasises the critical importance of enhanced patrol and strategic deployment of personnel to places of worship, recreation centres, major highways, and other public spaces to deter criminal activities and provide swift responses to any security challenges that may arise,” the statement said.

He also called on Nigerians to cooperate with law enforcement agencies by providing timely and credible information to help prevent any potential threats to public safety.

While urging citizens to remain vigilant, Egbetokun advised moderation in celebrations and warned against reckless driving on the highways throughout the Easter period and beyond.

He said, “‎The IGP calls on members of the public to cooperate with the Police and other security agencies by providing timely and credible information that could assist in preventing the breakdown of law and order during this period.

Citizens are therefore urged to remain security conscious, act with moderation, and avoid reckless driving on highways during the festive period and beyond.”

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Tinubu working remotely from overseas, returns after Easter – Presidency

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The Presidency has said President Bola Tinubu continues to direct the affairs of state from Europe, despite being outside the country for nearly two weeks.

It also said the President will return on Monday, April 21, after the Easter holidays.

In a statement signed on Thursday, Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, explained that the President, who travelled from Paris to London at the weekend, “remains fully engaged in Nigeria’s governance” and is in “constant communication with key government officials.

”Onanuga added that the President had given “directives to security chiefs to address emerging threats in some parts of the country.”

The statement was titled ‘Statement On President Tinubu’s Return To Nigeria.

’Tinubu’s absence, the Presidency noted, “is temporary and in line with the communicated timeframe of approximately two weeks.

”He is expected back in Abuja after the Easter holidays, which end on Monday, 21 April.

“The President’s commitment to his duties remains unwavering, and his administration continues to function effectively under his leadership,” Onanuga said, urging the public to remain calm and assuring citizens that “governance proceeds without interruption.”

“The President left Paris for London at the weekend and has maintained constant communication with key government officials, overseeing critical national matters, including directives to security chiefs to address emerging threats in some parts of the country.

“His return to Abuja and the resumption of duties at Aso Villa will follow the conclusion of the Easter holiday.

“We appreciate the public’s concern and assure all Nigerians that governance proceeds without interruption,” the statement read.

Although the Presidency did not specify the purpose of Tinubu’s stay in Paris and London, it follows a pattern of working visits the President has undertaken since assuming office nearly two years ago.

Thursday’s statement was ostensibly in response to criticisms by the opposition, who questioned Tinubu’s stay abroad while the country was bleeding from killings, particularly in Plateau and Benue states.

The concerns were raised by former Vice President Atiku Abubakar and the 2023 presidential candidate of the Labour Party, Peter Obi, who questioned Tinubu’s absence while the country grapples with heightening insecurity.

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