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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: Federal Government Secures Release of 100 Abducted Schoolchildren in Niger State

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The Federal Government has successfully secured the release of 100 primary and secondary school pupils who were abducted by armed bandits from the Apostolic Faith Group of Schools in Kunnu, Kagara area of Niger State on Thursday, 4 December 2025.

The children – comprising 68 primary school pupils and 32 junior secondary students – were freed in the early hours of Sunday following sustained military and security operations coordinated by the Office of the National Security Adviser (ONSA) in collaboration with the Niger State Government and local community leaders.

A senior presidency source confirmed to journalists in Abuja that no ransom was paid for the release of the victims, describing the operation as “a decisive victory for the ongoing campaign against terrorism and banditry in the North-West and North-Central zones.

”The source added: “Through a combination of kinetic and non-kinetic measures, including intense pressure from ground troops of Operation Whirl Punch and intelligence-led engagements, the abductors were forced to release the children unharmed.

All 100 students have been accounted for and are currently undergoing medical checks and debriefing at a secure military facility in Minna.

”The students were kidnapped in a dawn raid on the mission school last Thursday when over 50 heavily armed gunmen stormed the premises, overpowered the guards, and herded the pupils into waiting vehicles before fleeing into the vast Kunnu forest spanning Niger and Kaduna states.

The incident had triggered widespread national outrage and renewed calls for decisive action against the escalating wave of school abductions in northern Nigeria.

Niger State Governor Mohammed Umaru Bago, who personally received the freed children alongside the Emir of Kagara, Alhaji Salihu Tanko, praised the Federal Government and security forces for their swift response.“I am overjoyed to see our children back alive and in good health.

This is a testament that when all tiers of government and our traditional institutions work together with the security agencies, we can defeat these criminals,” Governor Bago said.

Parents and relatives who had camped at the school premises since Thursday broke into jubilation as the first batch of the rescued pupils arrived under heavy military escort on Sunday afternoon.

The Apostolic Faith Church, which runs the school, issued a brief statement thanking President Bola Ahmed Tinubu, the armed forces, and all Nigerians for their prayers and support.

Mop-up operations are still ongoing in the forest to apprehend the fleeing abductors and prevent further attacks during the festive season.

This latest mass rescue comes barely two weeks after 28 students of the Federal College of Agriculture, Bakura, Zamfara State, regained freedom, bringing the total number of schoolchildren freed by security forces in the past one month to over 220.

The Federal Government has reiterated its zero-tolerance policy on ransom payments and vowed to sustain the current momentum until every abducted citizen is brought home safely.

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BREAKING: Vice President Shettima Arrives in Abidjan for President Ouattara’s Fourth-Term Inauguration

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Vice President Kashim Shettima has arrived in Abidjan, Côte d’Ivoire, to represent President Bola Ahmed Tinubu at the swearing-in ceremony of President Alassane Ouattara for his fourth term in office.

The inauguration is scheduled for Monday, 8 December 2025, at the Presidential Palace in Abidjan, where Senator Shettima will join other African heads of state, government leaders, and international dignitaries.

President Ouattara secured re-election in the 25 October 2025 presidential poll, extending his leadership of the West African nation, which enjoys long-standing and robust diplomatic ties with Nigeria.

Upon arrival at Félix-Houphouët-Boigny International Airport, Vice President Shettima was received by Côte d’Ivoire’s Prime Minister, Mr. Robert Mambe; Nigeria’s Chargé d’Affaires in Côte d’Ivoire, Mrs. Item Akpama; and other senior Ivorian and Nigerian officials.

The visit underscores Nigeria’s continued commitment to regional solidarity, democratic governance, and constitutional order in West Africa. It also highlights the strong bilateral partnership between Abuja and Abidjan, anchored on cooperation within ECOWAS and the African Union, the Nigeria-Côte d’Ivoire Bi-National Commission, and multiple sectoral agreements spanning security, trade, agriculture, anti-human trafficking efforts, and the digital economy.

A sizeable Nigerian community in Côte d’Ivoire continues to play a vital role in deepening people-to-people and commercial links between the two countries.Vice President Shettima is expected to return to Abuja immediately after the inauguration ceremony.

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Army Freezes Officer Retirements Amid Security Emergency

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The Nigerian Army has indefinitely suspended all statutory and voluntary retirements for hundreds of officers, citing the nationwide security emergency declared by President Bola Tinubu on November 26.

The directive, contained in an internal memo dated December 3 and signed by Maj. Gen. E. I. Okoro on behalf of the Chief of Army Staff, aims to preserve critical manpower and experience as the Armed Forces rapidly expand to tackle escalating insecurity.

November saw over 600 mass abductions, including more than 300 schoolchildren in Niger State, 38 worshippers in Kwara State, and 25 students in Kebbi State, among numerous others.

Invoking Paragraph 3.10(e) of the Harmonised Terms and Conditions of Service (Officers) 2024, the Army has halted retirements for officers who:

– Have reached the age ceiling for their rank

– Have completed 35 years of service

– Failed promotion examinations or conversion boards three times

– Were passed over for promotion three times.

Affected officers may apply to continue serving, but those granted extensions will be ineligible for further promotions, courses, secondments, or extra-regimental postings.

Commanders have been ordered to widely disseminate the policy, manage troop morale, and assure personnel that the suspension will be reviewed once the security situation stabilises.

The retirement freeze is the latest in a series of emergency measures following President Tinubu’s directive for the military, police, and intelligence agencies to significantly boost recruitment and deployment.

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