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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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ADC Responds to Trump Over Designation of Nigeria as a Country of Particular Concern

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In response to the action taken by U.S. President Donald Trump on October 31, 2025, designating Nigeria as a country of particular concern, the ADC has released its statement.

According to the statement signed by Bolaji Abdullahi, the National Publicity Secretary African Democratic Congress (ADC), the party stated as follows:

1. We are guided by the painful reality that what is really at stake on this issue are the thousands of human lives that have been lost to insecurity in Nigeria, irrespective of their tribe, religion or region.

We therefore seize this moment to pay tribute to the memory of all the victims and express our deepest sympathies to their families.

2. The statement by President Trump reminds us of the greater global concern about the sanctity of human life and the cardinal responsibility of national governments to protect the lives of people who live within their borders.

It reminds us that in the modern world, concern for human rights, for which right to life is the most fundamental, transcends national boundaries and that the dignity and respect of nations are no longer measured by their economic strength alone, but also by their willingness and capacity to protect their own citizens.

3. It is sad to note that it is in this most sacred mandate of government that this administration of President Bola Ahmed Tinubu has failed most. Available reports indicate that nearly 15,000 lives have been lost to sundry violent activities since this administration assumed office in 2023.

These deaths have occurred across regions and religions, underlining a national crisis that cuts across all divides and still endangers us all, regardless of tribe, region or religion.

Entire communities have been sacked, worshippers have been slaughtered in religious spaces, and bandits now control large territories in our country, waging war at will and levying taxes on citizens with impunity.

Boko Haram, once declared as “technically degraded,” is once again growing in strength, while another international terror group make open claims of carrying out successful attacks on Nigerian soil.

4. Under this administration, terror and violence have expanded their reach, from the extreme east and west of the north to its central part.

On October 31, 2025, the very day that President Trump announces his concern about Nigeria, another terror group, JNIM, an Al-Qaeda affiliate which had been active in the Sahel region, announced a successful attack in Kwara State, which serves as a gateway to the southern part of the country.

The crisis that we face is therefore not about any ethnic or religious group being targeted for killing; it is an existential crisis that imperils all Nigerians.

Quite significantly, it is also not about which region or religion has lost more lives; it is about every individual’s right to life. Life and death are absolutes and they must never be reduced to statistics.

The ADC believes that one life lost that could have been saved, is one death too many. 5. The problem of insecurity in Nigeria did not start with President Tinubu.

The problem is that President Tinubu has refused to acknowledge that the crisis has got worse under his watch and has refused to accept responsibility.

Instead, Nigerians have been met with excuses, cruel silence or utter indifference, and political posturing that mocks the tragedy of victims and their families.

7. The ADC will also like to draw attention to the structural and diplomatic failures that continue to deepen Nigeria’s vulnerability on the international stage.

We would like to ask, why has the Nigerian government failed to appoint ambassadors to key countries, more than two years into its term?

How can a government that has been boasting of unprecedented revenue success continue to give lack of fund as excuse for not appointing ambassadors?

Why has our foreign policy become so deeply personalised, focused on the image of the president and his interests, rather than the image of Nigeria and the interests of the Nigerian people?

Why are there still no unified national security strategy, no regional coordination, and no meaningful engagement with the communities most affected?

8. Under President Tinubu, Nigeria has declined both as a continental and a regional leader. Nothing underlines this decline more than the fracturing of the ECOWAS under his watch.

A region that once looked up to us for direction and leadership on issues of democratization and security now doesn’t think we matter anymore as smaller countries watch us fumble aimlessly with our own domestic crisis. These failures are not isolated.

They are all connected, pointing to a government that is so incompetent, so narrow-minded, and yet so blindly arrogant.

9. If this government had been less obsessed with politics, propaganda and self-celebration, it would have taken every single violent attack seriously.

It would have documented every single one of them, and in every single case, it would have demonstrated to Nigerians and to the world what it was doing to bring perpetrators to justice, it would have acknowledged its weaknesses, it would have asked for help; it would rallied Nigerians for the great challenge and it would have showed the world that it truly cared about every Nigerian life.

And perhaps, this situation would have been averted.

10. In conclusion, the African Democratic Congress would like to recommend the following:

i. A full overhaul of the national security apparatus, including an independent audit of operations, leadership, and strategy.

ii. Immediate appointment of qualified ambassadors, to restore Nigeria’s diplomatic presence and strategic influence.

iii. A reset of foreign policy, grounded in national interest, not personal promotion, with renewed engagement across ECOWAS, the AU, and the UN.

iv. Urgent economic reforms, focused on price stability, a credible plan to ease inflation, and verifiable social welfare system to ease the suffering of the poor across the country.

v. An end to the personalization of public institutions, and a return to accountable, citizen-focused governance.

11. We appreciate the American president and other world leaders for their concern about the security situation in our country.

We will however urge that such concerns should be translated into supporting Nigeria to grow her democracy and develop its capacity to solve its own problems.

We believe that mobilizing armed troops or even a mere threat of doing so would do more harm than good and ultimately prove counter-productive to our democratic aspiration and the long-term unity and stability of our country.

Nigeria is not beyond saving, but time is running out. We must act now, with courage, clarity, and a commitment to protect the lives and dignity of every Nigerian. Certainly, Nigeria can not continue like this.

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JUST IN: Presidency Rejects Claims of Tinubu’s Upcoming US Trip

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The Presidency on Monday dismissed claims that President Bola Tinubu is set to visit the United States on Tuesday to meet with US Vice President J.D. Vance, describing the report as false and misleading.

Temitope Ajayi, the Senior Special Assistant to the President on Media and Publicity, said in a post on his official X handle that the report had sparked unnecessary speculation and “uninformed commentaries.” He clarified that if President Tinubu were to visit the White House, he would meet with President Donald Trump, not the Vice President.

“There’s a Sahara Reporters story that President Tinubu is going to the U.S. on Tuesday to see U.S. Vice President J.D. Vance. That story is not true. If President Tinubu is going to the White House, he won’t be going to see a Vice President,” Ajayi stated.

The clarification comes amid heightened international attention following allegations of persecution of Christians in Nigeria and a controversial statement by former US President Donald Trump. In a post on his Truth account over the weekend, Trump warned that the United States might “go in guns blazing” if Nigeria fails to halt attacks on Christians, threatening to stop aid and even engage militarily against perpetrators of violence.

Reacting to growing international concern, President Tinubu denied claims of a “Christian genocide” in Nigeria. In a statement via his X handle, he reaffirmed that the Nigerian Constitution guarantees freedom of religion and highlighted his administration’s ongoing efforts to foster interfaith dialogue and security across the country.

“Nigeria stands firmly as a democracy governed by constitutional guarantees of religious liberty,” Tinubu said. He emphasized that since taking office in 2023, his government has maintained active engagement with Christian and Muslim leaders alike, addressing security challenges that affect citizens across all regions and faiths.

Tinubu also rejected narratives portraying Nigeria as religiously intolerant, describing them as inaccurate and unreflective of the nation’s diverse population. He stressed that religious tolerance has always been central to Nigeria’s national identity and remains a core principle of his administration.

“The characterisation of Nigeria as religiously intolerant does not reflect our national reality, nor does it take into consideration the consistent and sincere efforts of the government to safeguard freedom of religion and beliefs for all Nigerians,” the President said.

In addition, Tinubu assured the international community of Nigeria’s commitment to collaborate with the United States and other partners in protecting citizens of all faiths. “Nigeria is a country with constitutional guarantees to protect citizens of all faiths. Our administration is committed to working with the United States government and the international community to deepen understanding and cooperation on the protection of communities of all faiths,” he stated.

The Presidency’s clarification underscores Nigeria’s stance on upholding religious freedom while also emphasizing that diplomacy—not confrontation—remains the cornerstone of its foreign policy. Officials stress that external reports should be carefully verified to avoid inflaming tensions or misrepresenting the country’s internal affairs.

This development comes amid heightened global scrutiny of Nigeria’s security situation, particularly regarding attacks in the country’s northern and central regions, and the political significance of Tinubu’s engagements with international partners.

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BREAKING: Protest Rocks PDP National Secretariat Abuja

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Abuja witnessed a tense standoff on Monday as supporters of the faction loyal to Peoples Democratic Party (PDP) National Vice Chairman (North Central), Mohammed Abdulrahman, stormed the party’s national secretariat at Wadata Plaza.

The group, chanting solidarity songs and waving party flags, demanded the immediate resignation of the National Working Committee (NWC) led by Umar Damagum, accusing the leadership of mismanaging party affairs.

Abdulrahman was recently appointed Acting National Chairman, following the suspension of the party’s National Secretary, Senator Samuel Anyanwu, and Legal Adviser, Kamaldeen Ajibade, for a period of one month. The suspension and leadership shuffle have escalated a brewing crisis within the party, raising fears of further fragmentation.

In a dramatic countermove, supporters loyal to Anyanwu convened at a separate location in Abuja and announced the suspension of the Damagum-led NWC, intensifying the internal power struggle.

Protesters at Wadata Plaza vowed to reclaim control of the secretariat for the Abdulrahman-led faction, warning that they would not back down until the NWC stepped aside.

Security forces have been deployed to the area to prevent clashes and ensure public safety, as both factions jostle for control of the party headquarters.

The leadership tussle exposes deep divisions within the PDP, which has long struggled to maintain cohesion amid internal rivalries and competing ambitions. Analysts say the ongoing crisis could have significant implications for the party’s unity and electoral prospects in upcoming elections.

Party members and stakeholders have called for dialogue and mediation to resolve the impasse peacefully, warning that continued unrest could damage the party’s image and weaken its political influence.

Further developments are expected as both factions continue their standoff at the national secretariat.

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