Connect with us

News

President Tinubu Reveals why he Included Fuel Subsidy Removal in his Inauguration speech

Published

on

500 Views

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

National Assembly Partners Agro Colleges, Institutions on food security

Published

on

45 Views

In a major push to strengthen Nigeria’s food security, the National Assembly has forged a strategic partnership with agricultural colleges and research institutions across the country.

The collaboration focuses on enhanced research, improved legislation, better funding, and practical innovation to transform the agricultural sector.

The Senate Committee on Agricultural Colleges and Institutions, chaired by Senator Sharafadeen Alli (Oyo South), announced the partnership ahead of the maiden National Legislative Summit and Expo on Agricultural Colleges and Institutions.

The two-day event, themed “Unfolding the Potential of Agricultural Colleges and Institutions through Collaboration and Innovation to Enhance Food Security and Job Creation,” is scheduled for May 12–14, 2026, at the International Institute of Tropical Agriculture (IITA) in Ibadan.

Speaking at a press conference on Monday at the Nigerian Union of Journalists (NUJ) Press Centre in Iyaganku, Ibadan, Senator Alli emphasized the urgent need to bridge the gap between farmers and research institutions.

He noted that many breakthroughs by Nigerian researchers including improved varieties of cassava, cocoa, and other crops have not reached smallholder farmers, contributing to declining productivity despite the country’s agricultural potential.

Senator Alli highlighted historical lessons, such as Malaysia’s rise in palm oil production after obtaining seedlings from Nigeria, stressing the need for Nigeria to reclaim its leadership in agriculture.

The summit will convene over 28 agricultural institutions, international development partners, embassies, policymakers, and stakeholders. It also aims to create jobs for youths and women through mechanized farming, reduce post-harvest losses with technologies like solar-powered dryers, and improve market access.

Executive Director of the National Horticultural Research Institute (NIHORT), Professor Mohammed Atanda, described the initiative as timely and called for a stronger legislative framework to support research institutions.

Acting Executive Director of the Cocoa Research Institute of Nigeria (CRIN), Dr. Adedeji Rasheed, urged greater private sector involvement in funding research, noting that government alone cannot shoulder the responsibility.

Professor Oluwatosin Gabriel of the Institute of Agricultural Research and Training (IAR&T) affirmed that Nigeria has the expertise to achieve food sufficiency with the right policies, funding, and coordination between federal and state governments.

This partnership forms part of broader National Assembly efforts to reposition agriculture as a driver of economic diversification, rural development, and poverty reduction.

Observers see the Ibadan summit as a critical step toward turning Nigeria’s agricultural institutions into innovation hubs capable of delivering sustainable food security.

Continue Reading

News

From 299 to 374: UTME Candidates Set New Benchmarks in Highest Scores from 2013–2026

Published

on

47 Views

The Joint Admissions and Matriculation Board (JAMB) has highlighted a remarkable upward trend in top Unified Tertiary Matriculation Examination (UTME) performances over the past 14 years, with peak scores rising from 299 in the early 2010s to a record 374 (and claims up to 375) in recent cycles.

This progression reflects improving preparation, better access to resources, and the competitive drive among Nigerian students aspiring for tertiary education, particularly in high-demand fields like Medicine, Engineering, and Sciences.

Key Highlights Across the Years:

  • 2013 & 2014: The highest scores stood at 299, achieved by Olise Israel Chukwunalu (2013) and Onomejoh Princewill (2014). These marked the baseline in the early CBT era.
  • 2015: Ilukwe Lottachukwu Geraldine led with 332.
  • 2016: A tie at 359 between Akenbor Adesuwa Osarugue and Anonye Victory Emenike.
  • 2017: Akingbulugbe Precious Ayomide scored 353.
  • 2018: Galadima Israel Zakari topped with 364.
  • 2019: Ezeunala Ekene Franklin achieved 347.
  • 2020: Maduafokwa Egoagwuagwu Agnes set a strong benchmark with 365.
  • 2021: Monwuba Chibuzo Chibuikem scored 358.
  • 2022: Adebayo Eyimofe Oluwatofunmi reached 362.
  • 2023: Umeh Kamsiyochukwu Nkechinyere posted 360.
  • 2024: A three-way tie at 367 — Olowu Joseph Oluwasijibomi, Alayande David, and Orukpe Joel Ehijele.
  • 2025: JAMB reported the highest score in over a decade at 374 (with one unconfirmed or later-adjusted claim of 375 by Okeke Chinedu Christian; other top performers included scores of 374 and 373).
  • 2026: Owoeye Daniella Jesudunsin (also referred to as Owoeye Jesudunsin), an Ekiti State indigene who sat the exam in Ogun State, emerged as the top scorer with 372. She aims to study Medicine and Surgery at the University of Lagos (UNILAG).

JAMB Registrar Prof. Is-haq Oloyede has repeatedly noted these high performances even amid broader challenges like result glitches in some years, crediting dedicated candidates and improved study tools.

Trends and Context

Top scorers frequently target competitive courses such as Medicine and various Engineering disciplines at institutions like UNILAG. Many top performers come from strong tutorial centers and demonstrate exceptional subject mastery, often scoring 90+ in core sciences.

While the absolute highest has climbed significantly since 2013, JAMB continues to emphasize that UTME is just one factor in admission, alongside O’Level results and other criteria.

These outstanding achievements continue to inspire millions of Nigerian students, proving that excellence in UTME remains attainable with determination and proper preparation. As the examination evolves, future candidates are expected to push the boundaries even further.

Continue Reading

News

FG Engages CCECC To Build N545bn New Carter Bridge in Lagos

The decision to reconstruct the bridge became necessary after years of alarming structural investigations revealed worsening defects beneath both the Carter Bridge and the 3rd Mainland Bridge.

Published

on

By

54 Views

The federal government has officially handed over the construction of a brand-new Carter Bridge in Lagos to China Civil Engineering Construction Corporation (CCECC).

Speaking during the handover ceremony in Lagos, the Minister of Works, Dave Umahi, said that the decision to reconstruct the bridge became necessary after years of alarming structural investigations revealed worsening defects beneath both the Carter Bridge and the 3rd Mainland Bridge.

According to the minister, investigations into the underwater structural elements of the bridges began as far back as 2013, with another assessment carried out in 2019.

The reports, he said, showed that the defects were increasing at what experts described as “geometrical progression.”

Experts, according to him, advised that repairing the Carter Bridge would cost almost twice the amount required to build a completely new structure. Following detailed technical analysis, the federal government, he said, approved the construction of a new modern bridge.

Continue Reading

Trending