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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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Insecurity: Taraba Govt Revert All Boarding Schools To Day Schooling

The letter was also forwarded to the Executive Secretary, Taraba State Post Primary Schools Management Board, the Chairman of Association of Private School Owners Of Nigeria (APSON), and the National Association of Proprietors of Private Schools (NAPPS).

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The Taraba State government has directed that all boarding schools in both private and public secondary schools be deboarded, and schools revert to day schooling with immediate effect.

In a letter dated Friday, November 21, 2025, to all principals and proprietors of public and private secondary schools across the state, the government said that the development is necessitated by the abductions targeted at boarding schools across the country.

The letter was also forwarded to the Executive Secretary, Taraba State Post Primary Schools Management Board, the Chairman of Association of Private School Owners Of Nigeria (APSON), and the National Association of Proprietors of Private Schools (NAPPS).

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Insecurity: Plateau’s SUBEB Shuts Schools Over Safety Concerns

According to the directive, Government Junior Model Secondary Schools will shut down from Saturday, November 22, 2025, while Primary and Day Schools are to close from Monday, November 24, 2025.

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The Plateau State Universal Basic Education Board has ordered the immediate closure of all basic schools across the state.

According to the directive, Government Junior Model Secondary Schools will shut down from Saturday, November 22, 2025, while Primary and Day Schools are to close from Monday, November 24, 2025.

The Board says the decision is a preventive measure, taken to address emerging concerns and reassure the public that the safety and wellbeing of learners remain a top priority.

Parents, guardians, school authorities, and community leaders have been urged to comply with the directive and stay vigilant.

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Abuja UN House Bombing : Court Fix December 5 for Continuation of Trials

The DSS accuse the five terror suspects led Al-Barnawi, of being the masterminds of the August 26, 2011, bombing of the United Nations Complex in Abuja.

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UN Complex Bombing: Court Admits Evidence in DSS Case Against Al-Barnawi, Other Terror Suspects

A Federal High Court sitting in Abuja on Friday admitted in evidence three video clips supplied by the Department of State Services (DSS) to puncture claims of duress by five suspected masterminds of the 2011 bombing of the United Nations complex in Abuja facing trial.

The presiding judge, Justice Emeka Nwite, fixed December 5 for continuation of the trial-within-trial of five defendants, including Khalid Al‑Barnawi.

The trial -within – trial, will involve the playback of video clips in the courtroom to determine the veracity of claims by the defendants that they made their extra-judicial statements before the DSS under duress.

The DSS accuse the five terror suspects led Al-Barnawi, of being the masterminds of the August 26, 2011, bombing of the United Nations Complex in Abuja.

At least 20 people were killed and more than 70 others injured in the attack.Captured in 2016, Al-Barnawi is facing trial alongside four other terror suspects – Mohammed Bashir Saleh, Umar Mohammed Bello aka Datti, Mohammed Salisu, and Yakubu Nuhu aka Bello Maishayi.

The trial suffered several delays due to legal and procedural challenges thrown up by the defendants, including the absence of legal representation on several occasions the suspects were brought to court.

However, all that changed after Mr. Oluwatosin Ajayi’s appointment as Director – General, with him insisting on speedy trial for suspects he inherited as well as for those arrested under his watch.

The DSS recently requested the court to grant accelerated hearing in the case, a request Justice Nwite granted, same way judges trying DSS cases against terror suspects Mahmud Muhammad Usman aka Mahmuda, Muhammed Usman aka Abu Bara’a, as well as those standing trial in the Yelwata and Benue massacres, have obliged the DSS DG’s request for speedy trial.

Following the conclusion of playing back the video clip of the first defendant, Justice Nwite fixed December 5 for the commencement of playing back the video clips of the on other defendants.

Earlier on Friday, Justice Nwite had admitted the extra-judicial statements made by three other persons charged by the DSS for alleged terrorism.

The trio are being tried for allegedly spying on the US, and Israel s interests for certain individuals in Iran.

Haruna Ali Abbas, Ibrahim Hussaini Musa and Adam Sulaiman were accused of spying on the US, and Israel ‘s interests for individuals in Iran.

The case, which had been ongoing since 2014 and re-assigned multiple times, reached a point in August 2025 during a trial-within-trial to determine if the defendants’ alleged extra-judicial statements were made voluntarily or under duress.

While the defendants claimed that they were coerced, harassed and intimidated to make their statement, the prosecution held that the statements were made voluntarily.

The prosecution claimed that the accused persons read through the statements, through the cautionary words and signed, hence, should be admitted in evidence. Justice Nwite who ordered a trial within trial allowed both parties to call witnesses who gave evidence.

The prosecution who called three witnesses said they conducted their operations within the best standard procedure, as they paid attention to the welfare of suspects in their custody in terms of food and medication while also allowing them access to their families.

The defendants on the other hand recounted their alleged torture in the DSS facility, alleging that they were beaten and given inhuman treatment.

After hearing arguments from both the prosecution and defense counsel, Justice Nwite ruled that the defendants statements be admitted in evidence.

The Judge held that the prosecution through the witnesses proved to the court that they were not forced to make their statements.Justice Nwite after admitting the statements as exhibits adjourned the matter to January 22, 2026 for substantive hearing.

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