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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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Coup Plot Trials: ‎‘I Was Misled,’ says‎‎ Umoru

Justice Abdulmalik subsequently adjourned the matter till May 11, 12 and 13 for continuation of trial.‎‎

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The fourth defendant in the alleged coup plot trial before the Federal High Court in Abuja, Zekeri Umoru, on Tuesday denied knowledge of any plan to overthrow President Bola Tinubu’s government, insisting in a recorded statement played in court that he was “misled.”‎‎

Umoru, an employee in the maintenance department of the Presidential Villa working with Julius Berger Nigeria, made the claim in a video recording previewed by the court as part of the prosecution’s evidence against the six defendants standing trial over the alleged plot.‎‎

In the video played in open court, Umoru told investigators that he first came in contact with persons linked to the case through the third defendant, Inspector Ahmed Ibrahim, attached to the Presidential Clinic.

‎‎He said that Ibrahim introduced him to a man identified as Hassan Mohammed, whom he later discovered was Colonel Mohammed Ma’aji.‎‎

According to Umoru, he initially believed Ma’aji was “a civilian businessman” interested in offering him electrical work at a building under construction.‎‎

The defendant recounted how he allegedly received several cash payments from Ma’aji during meetings attended by Ibrahim and another associate identified as Usman.

‎‎He told investigators that during one gathering at Tiger Bar, Ma’aji allegedly gave “between N100,000 and ₦120,000” to him and his associates after he bought drinks and asked about their professions.‎‎

Umoru further stated that on September 24, 2025, Ma’aji allegedly handed him a “Ghana Must Go” bag containing cash.

‎He said that he deposited the money at a Zenith Bank branch where it was counted and found to be N8.8 million.

‎‎According to him, another N2 million was allegedly given the following day during a separate meeting involving Inspector Ibrahim.‎‎

The defendant said that he later became uncomfortable with the repeated cash payments and demanded an explanation from Ibrahim.‎‎

He alleged that Ibrahim told him Ma’aji was unhappy with the state of the country and planned to “sanitize the government” with support from unnamed associates described as “boys.”‎

Umoru further claimed that Ibrahim spoke about involving “an ambulance driver” to facilitate access into the Presidential Villa, with expectations of financial reward.‎‎

Despite the claims, Umoru repeatedly denied knowledge of any coup plot.‎

“I was misled,” he said in the video, insisting he would have distanced himself from Ma’aji had he known that he was a military officer or had “any intention beyond business dealings.”‎‎

The defendant also admitted escorting Usman into the Presidential Villa, stating that security officials allowed the visitor entry after he indicated the man was there to see him.‎‎

He added that he later saw Usman “taking photographs” in his office and warned him against it.‎‎

Umoru expressed regret during the interview, apologising to his employers and affirming support for President Tinubu’s administration.

‎‎The court also viewed another video involving Islamic cleric, Sheikh Imam Kassim Goni, who denied involvement in the alleged coup plot.‎‎

Goni told investigators that monies he received from Ma’aji were strictly for “prayers and charitable purposes,” including spiritual interventions connected to alleged promotion setbacks.‎‎

However, investigators pointed to financial records allegedly showing transfers running into millions of naira, including a “₦10m transfer” in October 2024, which they said contradicted aspects of his explanation.‎‎

The prosecution further suggested that discussions referenced in the videos, including remarks about gaining access and acquiring “work tools,” raised concerns about a broader scheme, though both individuals denied any knowledge of a coup plot.

‎‎Following the preview of the video statement, counsel to the sixth defendant and senior counsel, Michael Numa, told the court he had just received the video exhibits of his client and needed more time to review them.‎‎

While the defence counsel argued for an adjournment, prosecution counsel and Director of Public Prosecutions, Rotimi Oyedepo, SAN, urged the court to stand by its earlier order for accelerated hearing of the case.‎‎

Justice Abdulmalik subsequently adjourned the matter till May 11, 12 and 13 for continuation of trial.‎‎

At an earlier hearing on Monday, the court viewed separate videos in which other defendants allegedly admitted to coded communications, meetings and reconnaissance around the Presidential Villa, but denied participating in any concrete plan to overthrow the government.

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Oshiomhole Proposes “Tit for tat” diplomacy against South Africa over Xenophobic attacks

When we hit back, the president of South Africa will go on his knees to recognise that Nigerians cannot be intimidated,

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Adams Oshiomhole, former Edo State Governor/senator representing Edo North Senatorial District, has urged the Federal Government to take immediate diplomatic and protective measures amid the renewed xenophobic attacks against Nigerians in South Africa.

Speaking during plenary, the lawmaker emphasised that Nigeria must respond firmly to protect its citizens, citing the principle of reciprocity in international relations.

He said, “I don’t want this Senate to be shedding tears, to sympathise with those who have died. We didn’t come here to shed tears.

“If you hit me, I’ll hit you. I think it is appropriate in diplomacy. It’s an economic struggle.”

Oshiomhole linked the current tensions to broader political dynamics in South Africa, noting that anti-immigrant sentiments had featured in the country’s domestic politics and were influencing attitudes toward foreign nationals, including Nigerians and maintained that such steps would strengthen Nigeria’s bargaining position.

The lawmaker further argued that Nigerians living in South Africa were economically productive and not dependent on the host country.

“These Nigerians who are in South Africa, they are not there on holiday. They are there to work and to earn.

“When we hit back, the president of South Africa will go on his knees to recognise that Nigerians cannot be intimidated,” he said.

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Nigerians in South Africa to pay their returns ticket home – FG

Mr Ebienfa said that the process will In the recent past, such reparations have been sponsored by Nigerian airline owners, particularly Allen Onyema, the CEO of Air Peace.

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•Photo: Xenophobia : South African protesters in Pretoria on Friday. Twitter photo.

The Ministry of Foreign Affairs said Nigerians interested in repatriation from South Africa will be responsible for the cost of their return trip to Nigeria.

In the recent past, such reparations have been sponsored by Nigerian airline owners, particularly Allen Onyema, the CEO of Air Peace.

The ministry’s spokesperson, Kimiebi Ebienfa, stated this during a press briefing on Monday in Abuja.

The briefing came shortly after a closed-door meeting between the Ministry’s Permanent Secretary, Dunoma Ahmed, and the South African Acting High Commissioner, Lesoli Machele.

Mr Ebienfa said that the process will be self-funded and not state-funded, as it is a voluntary decision that the Nigerian government will only facilitate and coordinate.

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