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
Federal High Court Grants Bail to Former Kaduna Governor Nasir El-Rufai
Justice Rilwan Aikawa of the Federal High Court sitting in Kaduna has granted bail to former Kaduna State Governor, Mallam Nasir Ahmad El-Rufai, in the ongoing corruption case instituted by the Independent Corrupt Practices and Other Related Offences Commission (ICPC).
The ruling was delivered on Tuesday, April 14, 2026, after arguments on the bail application were heard. El-Rufai, who has been in ICPC custody following his arraignment on a nine-count amended charge bordering on alleged fraud, abuse of office, and violations of the Corrupt Practices Act, among others, is now expected to meet the bail conditions set by the court.
Details of the bail terms, including the amount and any additional conditions such as sureties or restrictions, are yet to be fully disclosed in some reports, though sources indicate it was granted on liberal or specified terms.
Meanwhile, at the parallel proceedings in the Kaduna State High Court presided over by Justice Darius Khobo, the ruling on El-Rufai’s bail application in the same ICPC matter has been reserved and adjourned to April 21, 2026. As a result, El-Rufai remains in ICPC custody regarding the state high court case.
The former governor was arraigned on the amended charges after the ICPC dropped one co-defendant, allowing the trial to proceed against him alone. His legal team, including senior advocates, had argued strongly for bail, describing him as a responsible citizen with no risk of jumping bail.
The development comes amid heavy security presence around the court premises in Kaduna, with significant public interest in the high-profile case involving allegations of financial misconduct during El-Rufai’s administration as governor.
This bail grant by the Federal High Court represents a partial relief for the former governor, even as the substantive trial continues in both courts. Further updates on compliance with bail conditions and the next hearing dates are expected shortly.
News
Oguta Community in Imo Abolishes Long-Standing Osu/Ohu Outcast System in Landmark Move
In a significant step against entrenched social discrimination, traditional leaders in Oguta, Oguta Local Government Area of Imo State, have formally abolished the age-long Osu (also referred to as Ohu) outcast system, a cultural practice that has marginalised generations of people through stigma and exclusion.
The abolition was proclaimed on November 3, 2025 (with some reports noting the public declaration on November 2), at the Oguta Civic Centre. Chief Nduka Oduenyi, the Ogana (spokesman/assistant) to the traditional ruler of Oguta, Eze Nnani Eze-Eyiche, made the announcement on behalf of the community’s leaders, elders, youths, and women who gathered for the event.
“This is a historic moment of renewal and unity for the Oguta community,” Oduenyi stated. “The long-standing Ohu caste system — a practice widely regarded as discriminatory and inconsistent with human dignity — no longer exists in Oguta going forward.
”The Osu/Ohu system, deeply rooted in parts of Igbo culture, has historically designated certain individuals and their descendants as outcasts, limiting their social interactions, marriages, and opportunities despite previous legislative efforts at state and regional levels to end it.
The development comes nearly four years after investigative journalist and author Ejiro Umukoro drew fresh national attention to the issue through her novel *Distortion*.
The book, which weaves together themes of mental health, infertility, grief, and systemic discrimination including the Osu caste system, sparked widespread conversations across Nigeria.
Umukoro’s advocacy went beyond the pages of the novel. Through a seven-month nationwide book tour featuring television appearances, radio interviews, and community outreach, she consistently highlighted the lived experiences of those affected by the system, helping to revive dormant discussions on the topic.
This community-led abolition in Oguta is seen by many as a concrete outcome of renewed advocacy efforts, including those by Umukoro and other human rights voices, building on earlier calls for reform. It marks one of the more visible public renunciations of the practice in recent years.
The move has been welcomed by observers as a positive step toward greater social inclusion and equality in the region, though broader eradication across Igbo land would require continued efforts by traditional institutions, government, and civil society.
News
NAF Jilli Airstrike: Bomb Don’t Know Who’re Terrorists
Multiple sources said that the fighter jet that carried out the operation was tracking a group of suspected insurgents believed to have visited the market to collect levies from traders and obtain supplies. However, the strike reportedly missed its intended target
No fewer than 56 people, mostly traders, are feared dead, while 14 others have been hospitalized following an airstrike on a weekly market along the Borno–Yobe border.
The incident occurred at Jilli Market, located between Gubio and Geidam Local Government Areas of Borno and Yobe states, on Saturday.
The airstrike was carried out during a military operation targeting suspected Boko Haram insurgents.
The weekly market usually attracts traders and buyers from surrounding communities, including Gubio, Chiweram, and Benisheikh in Borno State, as well as Gurokayeya and Geidam in Yobe State.
Multiple sources said that the fighter jet that carried out the operation was tracking a group of suspected insurgents believed to have visited the market to collect levies from traders and obtain supplies. However, the strike reportedly missed its intended target
.An eyewitness said at least 56 people have been confirmed dead, while 14 others are receiving treatment at the Specialist Hospital in Geidam, Yobe State.
“The incident happened around 2:46 p.m. while business activities were ongoing. Four fighter jets carried out the attack, though the fourth jet was not clearly visible. We only heard the sound of explosions.
“I counted 56 corpses myself and helped rescue two injured people, taking them to the hospital. I believe the number of casualties may be higher, as more bodies are still being recovered,” the source said.
-
Entertainment2 days agoTuface, Laolu Gbenjo, others set to electrify Vanguard Personality of the Year Award
-
News2 days agoNAF Jilli Airstrike: Bomb Don’t Know Who’re Terrorists
-
News3 days agoFG Unmasks 60 Persons and Corporates Behind Terrorism Financing, Order Banks To Freeze Their Accounts
-
News2 days agoNUPENG Braces Up for Leaderships Change
-
Entertainment2 days agoAsha Bhosle: Bollywood’s legendary singer dies aged 92
-
Politics3 days agoPolice reopens, handover PDP Hqtrs to Wike backed Faction
-
Politics2 days agoHayatu-Deen joins ADC Party
-
Health2 days agoFG effects 20% tarrif slash on pharmaceutical products
