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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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BREAKING: Private Jet crash Lands in Kano (Video)

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A private jet operated by Flybird has reportedly crash-landed at the Malam Aminu Kano International Airport in the early hour of today.

The aircraft, was said to be flying from Abuja, and landed around 9:30 a.m with 11 people on board, including three crew members.

Reports says passengers were quickly and safely evacuated from the plane, and no deaths were reported.

More details are expected to come in later.

See video below:

https://m.facebook.com/story.php?story_fbid=pfbid02gRZLskom7thqxbvANiydQd75JRg6uzcFMAMsCAGQZFFHc4HudA6AXYdfLuQxRLi6l&id=100000132043823&mibextid=Nif5oz

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Botswana, Nigeria Explore Deeper Collaboration in Livestock Development (Photos)

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The Federal Government has reaffirmed its commitment to implementing evidence-based policies that will modernise Nigeria’s livestock sector and position it as a key driver of national economic growth.

The Honourable Minister of Livestock Development, Idi Mukhtar Maiha, reiterated this position on Friday, 12th December 2025, when he received Her Excellency, Philda Nani Kereng, High Commissioner of the Republic of Botswana to Nigeria, during a courtesy visit to the Ministry in Abuja.

He emphasised that the nation can no longer rely on outdated systems but must embrace structured reforms that support productivity, enhance value addition, and create sustainable livelihoods for farmers and livestock value-chain actors.

“The Botswana experience is a major inspiration. Your nation has achieved in 50 years what the world continues to study, and we are interested in domesticating many of those lessons,” the Minister said.

“Nigeria, as the largest market in Africa, is ready to expand its livestock sector to compete globally, while also partnering with Botswana to accelerate the journey,” he added, noting the country’s unique success in exporting beef to Europe, managing transboundary diseases, and integrating technology in livestock traceability.

He stressed Nigeria’s readiness to learn from Botswana’s model, especially as the Ministry moves to rehabilitate and modernise 417 grazing reserves across the country into structured ranching ecosystems.

In her remarks, the High Commissioner highlighted Botswana’s five-decade success story in beef production and export to the European market, describing it as a product of deliberate policies, strong governance structures, and extensive farmer support systems.

She explained that Botswana’s livestock sector grew from a rural development model that prioritised agriculture, backed by policies and laws enabling farmers to produce high-quality cattle for livelihood improvement and national economic growth.

Her Excellency noted that Botswana’s beef sector, second only to diamonds in national revenue, thrives on strict disease-control systems, communal land management, targeted veterinary interventions, and highly subsidised farmer support programmes.

She outlined several areas where Botswana is prepared to collaborate with Nigeria, including beef quality improvement through enhanced genetics, modern abattoir practices, disease management, veterinary protocols, vaccine production, livestock traceability and grazing management.

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JUST IN: Supreme Court Reinstates Death Sentence for Maryam Sanda, Overrides President’s Pardon

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Nigeria’s Supreme Court on Friday overturned the presidential pardon granted to Maryam Sanda, the Abuja housewife convicted of stabbing her husband to death in 2018, reinstating her original death sentence by hanging.

Sanda, 37, was sentenced to death in January 2020 by Justice Yusuf Halilu of the FCT High Court for culpable homicide punishable with death after she fatally stabbed Bilyaminu Bello during a heated domestic dispute over alleged infidelity. The Court of Appeal upheld the conviction in December 2020, and the Supreme Court affirmed it in 2023, exhausting her appeals.

In October 2025, President Bola Tinubu initially granted Sanda a full pardon as part of clemency extended to 175 convicts, citing her family’s pleas for the sake of her two children, her good conduct in prison, and remorse. However, amid public backlash, the administration revised the decision, commuting her sentence to 12 years imprisonment on compassionate grounds.

The Supreme Court’s 4-1 majority decision, delivered by Justice Moore Adumein, dismissed Sanda’s final appeal as meritless. Adumein ruled that the prosecution had proven its case beyond reasonable doubt, affirming the lower courts’ findings that Sanda’s actions constituted intentional murder.

Crucially, the apex court held that the executive branch’s exercise of pardon powers under Section 175 of the 1999 Constitution was invalid in this instance, as Sanda’s appeal was still pending before the judiciary at the time of the grant. “It was wrong for the Executive to seek to exercise its power of pardon over a case of culpable homicide in respect of which an appeal was pending,” Justice Adumein stated in the lead judgment.

The dissenting justice argued for upholding the commutation, emphasizing humanitarian considerations for Sanda’s children and her time served—over seven years at Suleja Medium Security Custodial Centre.

The ruling has reignited national debates on the separation of powers, domestic violence, and the application of the death penalty. Sanda’s family expressed devastation, while Bello’s relatives hailed the decision as long-overdue justice. Rights groups decried the outcome, calling for legislative reforms on prerogative of mercy.

Sanda remains in custody pending any further legal maneuvers, though options appear exhausted. The Attorney General’s office confirmed investigations into the pardon process’s procedural flaws.

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