News
President Tinubu Reveals why he Included Fuel Subsidy Removal in his Inauguration speech
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
News
BREAKING: Nollywood Actress and Producer Allwell Ademola Passes Away at 43
Nollywood has been plunged into mourning following the sudden death of popular Yoruba actress, producer, director, and singer Allwell Ademola. She was 43 years old.
Reports indicate that Ademola collapsed at her residence and was rushed by a neighbor to Ancilla Hospital in Agege, Lagos, where she was pronounced dead. Unconfirmed sources suggest she suffered a heart attack.
The news broke earlier today, with filmmaker Seun Oloketuyi initially sharing the information on Instagram (in a post that was later deleted). Colleagues quickly reacted on social media, expressing shock and grief.
Actress Faithia Williams posted: “Haaaa. This hit me so bad. Eniobanke. Allahu Akbar..Allwell.”
Mide Martins wrote on Facebook: “BLACK SATURDAY……This is not fair😭 May God forgive your shortcomings Allwell😭😭😭”
Actor Damola Olatunji shared a candlelight image with the caption: “Life is a mirage.”
Allwell Ademola, born August 9, 1982, was a granddaughter of the late Sir Adetokunbo Ademola, Nigeria’s first indigenous Chief Justice. She began her career as a child actor and rose to prominence in Yoruba-language films, producing several movies and mentoring upcoming talents in the industry.
Her passing marks another loss for Nollywood in 2025, leaving fans and colleagues devastated by the abrupt end to a vibrant career. Details surrounding the incident remain limited as family and friends process the tragedy.
News
Obituary: Over 1000 bid Olive Onwubuya “bye-bye”, awaiting resurrection
“… Olive has just lived the first phase of her life; in the future, she will be resurrected to live forever on a paradise earth.”
More than 1,065 people paid their last respects to Olive Chelsey Chikperem Onwubuya, buried today, December 27, at the Epe cemetery in Lagos.
Olive, born on January 16, 1991 (34 ), would have turned 35 years on January 16, 2026, but died on November 19, 2025, as a result of a brief illness.
Olive, the CEO / Founder of Medical Apparels and O’exotic Drinks – SI WELL, left behind her husband, Caleb Onwubuya, two children (Sterling and Sheryl), her parents, Smart Mbagwu and Nkeiru Mbagwu, including her siblings, Smart Jnr, Carlson, and Fortune, as well as uncles and aunts, etc.
FUNERAL DISCOURSE
Joshua James Olufemi, a minister of Jehovah’s Witnesses, delivered the funeral discourse held at the Kingdom Hall of Jehovah’s Witnesses, located at the Elf bus stop in Lekki, Lagos.
He told the over 1, 000 audience in- person /Zoom, that Olive, a regular pioneer – devoting 50 hours each month to helping others learn about God’s kingdom, had strong faith in her God Jehovah, and she served Him faithfully till death.

•Olive’s coffin is being taken out for burial after the funeral discourse in the Kingdom Hall .
Emphasising the Bible’s hope for the dead at John 3: 28, 29., Acts 24: 15, the minister assured the bereaved family and friends: “Olive has just lived the first phase of her life; in the future, she will be resurrected to live forever on a paradise earth.”
He added that while alive, Olive made a good name with God and was a source of comfort to every life she touched.
He said: ” A funeral reminds us of the brevity and uncertainty of life (Ec 9:11). The reality of death makes us think about how we are using our life (Ps 90:12).
By the way we live, we can make “a good name” with Jehovah God (Ec 7:1-4). Jesus said for us to store up treasures in heaven (Mt 6:19-21).
By our zealous works and godly conduct, we share in sanctifying Jehovah’s name (Pr 27:11)
The resurrection hope provides an incentive to learn and do God’s will (1Co 15:58; 1Ti 2:3, 4).
Those who do so can be certain that they will soon see their resurrected loved ones again.
We should use this occasion and the days ahead to comfort one another (1Th 5:11). As fellow believers, we can remind one another of our sure hope and provide emotional support (Pr 17:17).
We prayerfully look to Jehovah to give needed strength until he provides permanent relief (Ps 9:9, 10).”
MY OBIDIYA

•The couple and their children, Sterling and Sheryl. Credit: family album
In a memoir, Caleb Onwubuya, the husband of the deceased , recalled how they met the first time and fell in love: ” After a friend connected us, I already knew she was the one for me. She followed me. She supported me, respected me; loved me, protected me and prayed for me and grew with me.
We had a stable family, a spiritually conscious family …but death snatched her away from me.
Now, I feel empty and helpless without her but I am consoled by the hope of Resurrection. I will dearly miss my OBIDIYA. Till we see again in paradise.”
Meanwhile, Caleb Onwubuya and his family associate with the Cooperative Road Congregation of Jehovah’s Witnesses, Ajah, Lagos.
“A funeral reminds us of the brevity and uncertainty of life (Ec 9:11). The reality of death makes us think about how we are using our lives (Ps 90:12).”
News
FG Approves U.S airstrikes on Terrorists , says foreign minister Tuggar
Tuggar said the strikes had been planned “for quite some time” using intelligence provided by Nigeria. He also did not rule out further strikes.
• President Donald Trump and President Bola Tinubu
The Nigeria government has confirmed that the US bombing of terrorists camps linked to the Islamic State group (IS) in north-western Nigeria, was a joint operation with the Nigerian army.
On Thursday Christmas night, camps run by the Lakurawa terrorists group in Sokoto state were hit near the border with Niger, the US military said.
Nigerian Foreign Minister Yusuf Maitama Tuggar told the BBC that it was a “joint operation” and had “nothing to do with a particular religion”.
Tuggar said the strikes had been planned “for quite some time” using intelligence provided by Nigeria. He also did not rule out further strikes.
Referencing the timing of strikes – which took place late on Thursday – he said they did not have “anything to do with Christmas”.
The US military said an “initial assessment” suggested “multiple” fatalities in Sokoto state.
A local official in the Tangaza area of Sokoto state, Isa Salihu Bashir, told the BBC the strikes had “hit some Lakurawa terrorist camps”. He said many fighters had been killed but the death toll was unclear
US President Donald Trump said the Christmas Day strikes had been “deadly” and labelled the group “terrorist scum”, saying they had been “targeting and viciously killing, primarily, innocent Christians”.
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