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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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JUST IN: Security Operatives Clash with El-Rufai’s Supporters at EFCC HQ, Tear Gas Fired

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Chaos erupted outside the Economic and Financial Crimes Commission (EFCC) headquarters in Abuja on Monday as security operatives fired tear gas to disperse crowds amid heated clashes involving supporters of former Kaduna State Governor Nasir El-Rufai.

The incident unfolded as El-Rufai arrived to honor an invitation for questioning over alleged corruption and financial misconduct during his tenure, including probes into approximately N432 billion in state funds. The appearance, which also marked his birthday, came after he voluntarily agreed to present himself at 10:00 a.m. following an earlier attempted arrest at Abuja’s Nnamdi Azikiwe International Airport last Thursday upon return from Cairo, Egypt.

Hundreds of El-Rufai’s supporters, many from the African Democratic Congress (ADC) and other loyalist groups, converged on the area in solidarity. They chanted slogans defending him and carried placards reading “El-Rufai is a citizen, not a suspect,” “We stand with El-Rufai,” and similar messages.

Rival demonstrators, including members of civil society and anti-corruption advocacy groups, gathered in opposition, demanding accountability with signs such as “El-Rufai Not Above The Law,” “Answer The Charges El-Rufai,” and “Let the law catch up.”

Tensions escalated into physical confrontations between the factions and with security personnel guarding the EFCC premises. Reports and circulating videos indicate that operatives deployed tear gas canisters to break up the crowds, with some accounts accusing authorities of using dogs and selectively restricting pro-El-Rufai groups while allowing opponents closer access. Protesters were heard vowing to return once the situation cleared, signaling ongoing determination.

El-Rufai entered the EFCC building amid the disruptions, accompanied by a large entourage, though details on the outcome of his questioning—whether detention, release on bail, or further proceedings—remain unclear at this time. The probe involves coordination with the Independent Corrupt Practices and Other Related Offences Commission (ICPC), where he is slated to appear later this week.

The events have intensified public debate over the anti-corruption drive, political motivations, and the handling of high-profile investigations in Nigeria, with videos of the tear-gassing and protests spreading rapidly on social media. Authorities have yet to issue an official statement on the clashes.

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El-Rufai Arrives at EFCC Headquarters Amid Clashes Between Supporters and Opponents in Abuja

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Former Kaduna State Governor Nasir El-Rufai arrived at the Economic and Financial Crimes Commission (EFCC) headquarters in Abuja today to honor an invitation for questioning over alleged corruption during his tenure, coinciding with his birthday.

The appearance follows an earlier tense encounter last Thursday at the Nnamdi Azikiwe International Airport, where security operatives attempted to arrest him upon return from Cairo, Egypt. El-Rufai’s team described the move as unlawful, resulting in the temporary seizure of his passport before he evaded detention with help from bystanders and supporters.

El-Rufai’s legal representatives had assured the EFCC in advance that he would present himself voluntarily at 10:00 a.m. today as part of probes into financial misconduct, including claims related to approximately N432 billion in state funds.

The investigation involves collaboration with the Independent Corrupt Practices and Other Related Offences Commission (ICPC), where he is expected to appear later this week.

Tensions boiled over outside the EFCC premises as rival groups converged. Hundreds of El-Rufai’s supporters, many aligned with the African Democratic Congress (ADC), gathered in solidarity, chanting slogans such as “El-Rufai is a citizen, not a subject” and “We stand with El-Rufai,” while displaying placards in his defense.Counter-protesters from groups like the Mega National Movement for Good Governance also assembled, demanding accountability with signs reading “Answer

The Charges El-Rufai,” “El-Rufai Not Above The Law,” and calls for swift prosecution.

The rival demonstrations reportedly escalated into clashes, prompting security operatives to deploy tear gas to disperse the crowds and restore order near the commission’s entrance. Some reports indicated restrictions on the size of El-Rufai’s entourage allowed inside the facility, further fueling confrontations.

El-Rufai proceeded into the EFCC building amid the chaos. It remains unclear whether he will face detention following questioning or be released to continue cooperating with the probe.

The event has drawn widespread attention amid ongoing scrutiny of El-Rufai’s administration and separate allegations, including a recent federal charge related to intercepting communications of the National Security Adviser.

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Lagos Inaugurates Fire Marshal Club with Safety Walk to Cut Fire Incidents

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The Lagos State Fire and Rescue Service has officially inaugurated the Fire Marshal Club, a community-based volunteer initiative, accompanied by a high-profile Safety Walk to promote fire awareness and emergency preparedness across the state.

The event kicked off with a sensitization walk starting from the Service Headquarters in Alausa, Ikeja, passing through the Ikeja Fire Station and various routes before returning to headquarters.

The activity aimed to engage the public directly in fire safety education and encourage proactive participation in preventing outbreaks.

Controller General Margaret Adeseye highlighted a modest decline in fire incidents between 2024 and 2025, attributing it to growing awareness efforts. She stressed that while fires cannot be entirely eliminated due to multiple risk factors, collective responsibility, adherence to safety rules, and community involvement can minimize them significantly.

“The Fire Marshal system is a globally recognized voluntary approach to prevention,” Adeseye said. “By establishing clubs in markets, commercial hubs, and neighborhoods, we will train and empower volunteers to prevent incidents and respond effectively as first responders.”

She added that members will receive comprehensive training to bridge gaps between communities and professional emergency services, including prompt reporting via toll-free lines.

General Manager of the Lagos State Command and Control Centre, Femi Giwa, underscored the role of inter-agency collaboration in aligning with Governor Babajide Sanwo-Olu’s vision for a safer Lagos.

Health, safety, and environment expert Dr. Julius Akpong praised the move, noting that research shows about 80–95% of fire incidents stem from unsafe human actions and ignorance, calling for ongoing education and behavioral shifts.

The Fire Marshal Club represents a key step in the state government’s strategy to protect lives and property through prevention, partnerships, and stronger emergency systems. Volunteers are expected to serve as vital links in reporting and initial response to incidents.

The initiative follows recent recruitment and training of new firefighters, signaling continued investment in Lagos’ fire safety infrastructure.

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