Connect with us

News

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

Published

on

463 Views

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

All Schools in Nigeria to Use Only NERDC Approved Textbooks, says Alausa

The policy will be backed by nationwide sensitisation efforts targeting educators and key stakeholders to ensure compliance.

Published

on

By

25 Views

Photo: Minister of Education, Dr Tunji Alausa

The Minister of Education, Dr Tunji Alausa said Monday that effectively from the September 2026 academic session, only the Nigerian Educational Research and Development Council, NERDC, approved textbooks will be use for instructional materials in primary , junior and senior secretary schools nationwide.

“Only a select number of top-ranked textbooks will be approved for use in schools per subject, effectively eliminating the glut of materials that has long plagued the system and confused teachers, students, and parents alike,” said Alausa.

He emphasised that any textbook not ranked under the new system will be barred from classrooms, regardless of its previous licensing status, signalling a firm commitment to raising standards and restoring order in the education sector.

He explained that under the new framework, the NERDC, will retain its statutory role of approving textbooks but will now go a step further by ranking them through a rigorous national evaluation process.

This ranking will be done by committees to determine the most suitable and highest-quality textbooks for each subject and level of education.

These committees will subject submitted textbooks to strict academic and pedagogical scrutiny, assessing their relevance, clarity, and alignment with national standards before assigning rankings.

The policy will be backed by nationwide sensitisation efforts targeting educators and key stakeholders to ensure compliance.

The government said that the reform aligns Nigeria with global best practices in instructional material standardisation and forms part of broader efforts to boost learning outcomes, strengthen quality assurance, and equip students with reliable, high-standard educational resources.

Continue Reading

News

Kogi Govt Warns of Establishing Schools, Orphanages At Unsecured Locations

The facility, identified as Dahallukitab Group of School, was reportedly operating illegally in a remote, bushy location without registration with the State Government or the knowledge of relevant authorities and security agencies.

Published

on

By

34 Views

Photo: Tajudeen Islamic Foundation and Children’s Home, alongside the Daarulkitab Islamic Training Center in Zariagi, Kogi State.

The Kogi State Government has warned that establishing orphanages, schools, and similar facilities in vulnerable areas without proper registration and notification to authorities is a serious security risks, especially in the prevailing insecurity environment.

Commissioner for Information and Communications, Kingsley Femi Fanwo, said that the operation of such facilities outside regulatory oversight not only undermines safety standards but also exposes innocent children to avoidable dangers.

According to the Commissioner, the government, therefore, urged operators of orphanages and schools to comply strictly with existing regulations and engage relevant authorities for proper security assessment and protection.

The warning came on the backdrop of Sunday April 26 bandit attack on an unregistered orphanage and school facility in Zariagi, along the Kabba Junction axis of Lokoja.

The facility, identified as Dahallukitab Group of School, was reportedly operating illegally in a remote, bushy location without registration with the State Government or the knowledge of relevant authorities and security agencies.

The incident occurred late on April 26, 2026, when unknown gunmen invaded the premises and abducted 23 pupils alongside the wife of the proprietor.

Following the swift intervention of security operatives, led by the Nigeria Police Force in Kogi State and supported by other agencies, 15 pupils have been rescued , while efforts are ongoing to secure the release of the remaining victims.

Fanwo commended the gallantry and professionalism of the security agencies, noting that their swift and coordinated response significantly curtailed the impact of the attack..

Reaffirming its stance, the Kogi State Government assured residents of its uncompromising commitment to the protection of lives and property, adding that security operations remain active to bring the situation under full control.

Continue Reading

News

Nigeria Issues Safety Advisory to Citizens in South Africa over attacks on foreigners

Nigerian business owners were specifically cautioned to take preventive measures, including shutting down operations on Freedom Day, April 27, and possibly extending closures through April 28 and 29, noting that foreign-owned businesses are often targets during such unrest.

Published

on

By

34 Views

Anti – immigrant groups in South Africa protest

The Nigerians in Diaspora Commission (NiDCOM) has urged Nigerian citizens residing in South Africa to exercise caution and strictly adhere to safety advisories amid rising anti-foreigner protests in parts of the country.

According to the advisory, intelligence reports indicate that additional protests are scheduled to take place in Gauteng Province between April 27 and April 29, with demonstrators reportedly seeking to pressure the South African government over the presence of foreign nationals.

NiDCOM in a press release signed by its Head, Media, a public Relations and Protocols Unit, Abdur-Rahman Balogun advised Nigerians to avoid engaging with protest groups, steer clear of confrontation, and closely monitor local media for updates on the security situation.

The commission also stressed the importance of remaining law-abiding at all times.

Nigerian business owners were specifically cautioned to take preventive measures, including shutting down operations on Freedom Day, April 27, and possibly extending closures through April 28 and 29, noting that foreign-owned businesses are often targets during such unrest.

NiDCOM reaffirmed its support for the position of the Consul-General in Johannesburg, Ambassador Ninikanwa O. Okey-Uche, stating that the consulate remains operational and is working closely with South African security agencies to safeguard Nigerian nationals.

South Africa is home to about 2.4 million migrants, just less than 4% of the population, according to official figures. However, many more are thought to be in the country unofficially.Most come from neighbouring countries such as Lesotho, Zimbabwe and Mozambique, which have a history of providing migrant labour to their wealthy neighbour. A smaller number come from Nigeria.

Continue Reading

Trending