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
UK revises visa fees upward from April
Under the new charges, the short-term visit visa will rise from £127 to £135, while the student visa will increase from £524 to £558.
The United Kingdom government will increase fees for Nigerians and other foreign nationals seeking to visit, study, work or settle in the country effectively from April 8, 2026.
The revised fee schedule, published by the UK Home Office on Thursday shows increases across nearly all categories of visa applications made both within and outside the UK.
The affected categories include visit visas, student visas, work visas, settlement applications and naturalisation fees.
The changes will take effect in less than two weeks, at a time when Nigeria remains one of the UK’s biggest sources of visa applicants, with hundreds of thousands of Nigerians applying each year for visit, student, and work visas.
Under the new charges, the short-term visit visa will rise from £127 to £135, while the student visa will increase from £524 to £558.
Applicants seeking permanent residency through indefinite leave to remain will now pay £3,226, up from £3,029, while those applying for British citizenship through naturalisation will pay £1,709, up from £1,605.
In a rare exception to the general increase, the fee for registering a child as a British citizen will be reduced from £1,214 to £1,000 — a drop of £214.
Some categories, however, remain unchanged, including the Tier 1 (Investor) visa at £2,000 and the High Potential Individual visa at £880.
News
Court discharges ex-Aviation Minister Oduah,after pleading guilty
Justice Muazu convicted the companies based on their guilty plea, issued an order winding them up, and further ordered that the N1.2 billion paid as restitution and the N780 million recovered during the investigation be forfeited to the FG.
A High Court of the Federal Capital Territory (FCT) sitting in Maitama on Thursday discharged former Minister of Aviation Stella Oduah and her ex-aide, Gloria Odita, from the alleged N2.5billion fraud case brought against them by the Office of the Attorney General of the Federation (OAGF).
Justice Hamza Muazu issued the discharge order after the prosecution informed the court it had discontinued its case against them and filed an amended charge naming only two firms linked to the ex-minister as defendants.
The firms are Sobora International Limited and Global Offshore and Marine Limited.
When the case was first called in the morning, prosecuting lawyer, Rotimi Oyedepo ( SAN) told the court that based on plea bargain talks between parties, the prosecution had filed an amended charge.
When the issue of representation for the firms arose, lawyers for the parties sought time to address it, following which the judge stood down proceedings until later in the day.
In the amended two-count charge, Sobora International was accused of unlawfully possessing N838 million, while Global Offshore was alleged to have unlawfully possessed N1.629 billion.
When the case was recalled in the afternoon, the ex-minister stood as the representative of both firms and pleaded guilty, on their behalf, to the amended charge.
Following the guilty plea entered for the two firms, Oyedepo urged the court to convict them and issue an order winding them up.
Oyedepo also urged the court to order the forfeiture of N1.2 billion, paid as restitution by the companies (as detailed in a bank draft submitted to the court), and N780 million recovered by investigators during the investigation, to the Federal Government.Lawyer to the companies, Onyechi Ikpeazu (SAN), did not object to Oyedepo’s requests, which the judge granted in his ruling.
Justice Muazu convicted the companies based on their guilty plea, issued an order winding them up, and further ordered that the N1.2 billion paid as restitution and the N780 million recovered during the investigation be forfeited to the FG
News
IGP Disu presents state police framework to deputy senate president
The 75-page report, titled “A comprehensive framework for the establishment, governance and coordination of Federal and State Police,” was presented to Jibrin at his office in the National Assembly by Professor Olu Ogunsakin, chairman of the Nigeria Police Force committee set up to examine the modalities for instituting State Police.
In picture: Chairman of the Nigeria Police Force committee on State Police, Professor Olu Ogunsakin, presents on behalf of IGP, Olatunji Rilwan Disu, a framework for the establishment of State Police to the Deputy President of the Senate, Senator Barau Jibrin, at the National Assembly, Abuja, on Thursday. Photo: DPS Media Office.
The Inspector General of Police, Olatunji Disu, has submitted a framework for the establishment of State Police to the Deputy President of the Senate, Senator Barau Jibrin, as part of efforts to decentralise policing in Nigeria.
In a statement by Ismail Mudashir, the Special Adviser on media and publicity to the Deputy President of the Senate on Thursday, the 75-page report, titled “A comprehensive framework for the establishment, governance and coordination of Federal and State Police,” was presented to Jibrin at his office in the National Assembly by Professor Olu Ogunsakin, chairman of the Nigeria Police Force committee set up to examine the modalities for instituting State Police.
Disu said that the report covers the considered views, professional insights and strategic recommendations of the Force, derived from extensive consultations and a careful assessment of the operational, legal and administrative implications of instituting State Police in Nigeria.
“It is our expectation that the contents of this report will meaningfully contribute to ongoing deliberations and assist in shaping informed, balanced, and pragmatic decisions on this critical aspect of national security architecture,” he said
The IGP emphasised that the framework was forwarded to the Chairman and the Committee on the Review of the 1999 Constitution “as the Nigeria Police Force’s input on the subject matter.”
In response , Senator Jibrin commended the IGP for his proactive approach on the establishment of the state police in line with President Bola Ahmed Tinubu’s agenda to fully secure the country.
He assured that the Senate Committee on the Review of the 1999 Constitution “will look at the framework, along with all other memos submitted to it, for the review of the country’s grundnorm.
”The framework is expected to provide guidance on the proposed modus operandi, governance, and coordination of State Police, marking a major step in ongoing discussions to restructure Nigeria’s policing system.
-
Sports2 days agoInt’l friendlies: 15 players open Eagles camp in Turkey
-
Sports2 days agoTributes To NRA President Sanni Zubairu
-
Business2 days agoDangote: Middle East crisis might take us back to ‘Work from home’ COVID era
-
Sports2 days agoNBF Kida’s board to remain in office until October , says FIBA
-
Crime3 days agoBill Cosby Ordered to Pay $19.25 Million After Jury Finds Him Liable for 1972 Sexual Assault
-
International3 days agoTwo Pilots Killed, Dozens Injured After Air Canada Jet Collides with Fire Truck
-
Business3 days agoPetrol hits N1,371 per litre in Abuja, consumers decry soaring prices
-
News2 days agoNigeria partner Japan to redevelop Abuja Master Plan
