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: President Tinubu Suspends FAAN cashless Payment Policy
President Bola Tinubu has ordered the immediate suspension of the Federal Airports Authority of Nigeria’s cashless payment policy, four days after it was introduced.
The policy, launched on the first of March by the Federal Airports Authority of Nigeria, required electronic payments for airport access gates, parking and lounges.
However, its rollout triggered severe traffic congestion at key hubs, including Murtala Muhammed International Airport and Nnamdi Azikiwe International Airport, with long queues reported and some passengers missing flights.
Speaking after the Federal Executive Council meeting, the Minister of Aviation and Aerospace Development, Festus Keyamo, said the President had directed that the policy be halted and reviewed.
He said the ministry and FAAN would temporarily return to a hybrid arrangement allowing cash payments and the use of prepaid FAAN cards already issued.
Mr Keyamo said the President remains committed to a fully electronic revenue collection system but directed that the review should be completed quickly to restore efficiency at airport entry points.
News
Tinubu Swears In Olatunji Disu as IGP, Chairs First 2026 FEC Meeting (Photos)
President Bola Tinubu on Wednesday swore in Olatunji Disu as the substantive Inspector-General of Police (IGP), marking a key leadership transition in the Nigeria Police Force. The ceremony took place at the State House in Abuja, shortly before the President presided over the first Federal Executive Council (FEC) meeting of 2026.

Disu, who had been serving in an acting capacity following his appointment and subsequent confirmation by the Nigeria Police Council, took the oath of office at approximately 2:53 p.m. The swearing-in followed his unanimous endorsement as the 23rd IGP.

In his first remarks after the oath, the new IGP disclosed that the Nigeria Police Force is actively monitoring potential security implications from the escalating crisis in the Middle East. He emphasized that intelligence-led policing efforts are underway, with heightened surveillance, patrols, and deployments across the country to prevent any spillover effects or breakdown of law and order.

Disu highlighted awareness of certain groups in Nigeria that maintain allegiances or ideological ties to actors in the Middle East (often referred to in contexts as the “eastern part of the world”). He warned that developments in the region could have local repercussions and stated that the Force is engaging such groups to ensure no one takes the law into their own hands.
On the contentious issue of state policing, Disu reaffirmed that it “has come to stay” and should not be viewed as a threat to the jobs or roles of federal police officers. Instead, he described it as a collaborative partnership to bolster overall national security. To address this, he announced the inauguration of a high-ranking committee (comprising senior officers) to examine the matter from the Nigeria Police Force’s perspective, review global and local policing models, assess community needs, and guide the implementation process.
The events underscore the administration’s focus on security reforms amid regional and domestic challenges, as Tinubu’s government kicks off its 2026 agenda with renewed leadership at the helm of the police force.
News
Fugitive drug lord wanted in UK arrested by NDLEA after 15 years on the run
Reacting to the successful operation leading to Ilomuanya’s arrest, the Chairman/Chief Executive Officer of NDLEA, Brig. Gen. Mohamed Buba Marwa (Rtd) described the development as a significant breakthrough in the agency’s relentless war against drug cartels.
The National Drug Law Enforcement Agency (NDLEA) has arrested a 58-year-old fugitive drug lord Uzoma Valentine Ilomuanya who has been on the wanted list of NDLEA and British authorities for over 15 years.
Ilomuanya was apprehended at a location in Lagos on Monday, 23rd February 2026, following a high-stakes well-coordinated operation by officers of a Special Operations Unit of the Agency.
Femi Babafemi, Director, Media & Advocacy NDLEA Headquarters Abuja, commented that his arrest ends a long-standing cat-and-mouse game with the law following his long history of drug related crimes across Nigeria and the United Kingdom, which highlight a persistent involvement in global narcotics trade.
He was first arrested in February 2003 and convicted in the United Kingdom for drug trafficking; sentenced to nine years but was later released after two years in jail upon appeal.
Not done with the crime, he was again arrested in the UK in July 2011 for drug-related offences.
He was granted administrative bail but jumped jurisdiction and fled to Nigeria.
Typical of a recidivist, Ilomuanya was in November 2018 arrested in Nigeria by NDLEA operatives following the discovery of two clandestine methamphetamine laboratories in his Obinugwu, Orlu LGA country home in Imo state and at his No. 3 Barrister Declan Uzoma Close Lagos house where officers recovered 77.960 kilograms of methamphetamine and extensive production equipment.
He was subsequently charged before a Federal High Court, Lagos after which he jumped court bail and has been on the run since then.
Reacting to the successful operation leading to Ilomuanya’s arrest, the Chairman/Chief Executive Officer of NDLEA, Brig. Gen. Mohamed Buba Marwa (Rtd) described the development as a significant breakthrough in the agency’s relentless war against drug cartels.
According to him, “This arrest serves as a stern warning to those who think they can hide behind borders to escape justice.
Whether you jump bail in London or set up clandestine labs in your village, the long arm of the NDLEA will eventually catch up with those who choose to undermine the health, security, and future of our nation.
“We remain committed to our international collaborations to ensure that Nigeria is not used as a sanctuary for global drug lords.
The NDLEA under our watch will continue to strengthen intelligence-led operations, deepen international cooperation, and ensure that those involved in the illicit drug trade are brought to justice.”
He commended the officers of the Special Operations Unit for their professionalism, resilience, and diligence in tracking down the fugitive, stressing that the Agency remains unwavering in its commitment to dismantling drug trafficking networks operating within Nigeria.
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