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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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FG Approves ₦70k Transport Allowance for Civil Servants

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The Federal Government has approved a ₦70,000 monthly transport intervention for public service workers across all levels for a period of six months, beginning in November 2026. The measure is intended to cushion the impact of rising living costs on employees.

The approval was one of the key resolutions reached at a conciliation meeting held on Tuesday, 27 October 2026, between the Federal Government and the leadership of the Nigeria Labour Congress (NLC) at the Federal Ministry of Labour and Employment in Abuja. The meeting followed an earlier conciliation session on 22 October and came amid renewed pressure from organised labour over the cost of living, workers’ welfare, and outstanding agreements.

According to the signed resolutions document, the transport intervention of Seventy Thousand Naira (₦70,000) “commencing from November 2026 would be paid across all levels for a period of six months.” The parties also agreed that payment of peculiar allowance arrears—effective from 1 May 2026—would be made in three equal monthly instalments beginning in November.

On the national minimum wage, both sides agreed to constitute the Minimum Wage Negotiation Committee and begin meetings immediately, though they did not reach consensus on the effective date for implementation. Additional resolutions addressed outstanding allowances for health workers (including settlement of 19 months’ arrears within three months starting December 2026), tax relief (to be referred to the National Economic Council), and other welfare matters.

The memorandum was signed by Minister of Labour and Employment Dr Muhammad Maigari Dingyadi, NLC President Joe Ajaero, Director-General of the Budget Office Tanimu Yakubu (also referred to as Timi Yakubu in some reports), Permanent Secretary (Service Welfare Office) Dr Garba Abdul, and other representatives. The Federal Government and the NLC further urged state and local governments to key into the intervention.

Further administrative details on disbursement timelines and exact modalities are expected to be clarified by the relevant authorities.

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Suffocation, Overcrowding Kill 37 Niger Miners – Panel

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Severe overcrowding, dehydration and negligence by officers caused the deaths of 37 people held in Nigeria Security and Civil Defence Corps (NSCDC) custody in Minna, Niger State, a probe panel has concluded.

The independent ministerial committee submitted its final 65-page report to Interior Minister Olubunmi Tunji-Ojo in Abuja. The minister pledged full implementation of the findings and ordered the immediate suspension of officers implicated in alleged evidence tampering.

The report rejected earlier claims of a disease outbreak. It found that the victims died from environmental asphyxia and acute respiratory failure caused by prolonged confinement in an overcrowded cell, extreme heat and lack of water.

The incident followed raids on illegal mining sites around the M.I. Wushishi axis of Minna on 15 and 16 September. Investigators established that the operation was carried out without an operational order from NSCDC national headquarters and without the specialised Mining Marshals Unit.

By the evening of 16 September, 75 suspects — including men, women and children — had been detained. About 50 males were held in a cell measuring just 20 square metres.

Distress signals began as early as 7 p.m. that evening. Detainees banged on doors, shouted for help and repeatedly begged for water, but their pleas were allegedly ignored. When the cell was opened the next day, 33 people were dead, including 14 minors. Forty-one others survived.

Receiving the report, Minister Tunji-Ojo said the findings and recommendations would be carefully reviewed and fully implemented. He ordered the suspension of officers linked to alleged tampering with evidence, stressing the need for accountability.

Committee member Deji Adeyanju later raised concerns about a portion of the report but offered further clarification in a subsequent interview.

The report is expected to be forwarded to the Attorney-General of the Federation and Minister of Justice for further action. Attention is now focused on the Federal Government’s implementation of the panel’s recommendations.

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Sanwo-Olu: Opebi-Ojota Link Bridge Will Open Before Christmas

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Lagos State Governor Babajide Sanwo-Olu has assured residents that the Opebi-Mende-Ojota Link Bridge will be opened to the public before Christmas, despite missing its earlier September completion target.

The governor gave the assurance on Sunday, October 25, 2026, during an inspection of the project to assess progress and determine the reasons for the delay. He said the distinctive steel superstructure on the bridge is about 80 per cent complete.

Sanwo-Olu explained that the complex architectural design — inspired by the area’s traditional cane-weaving heritage — involves installing more than 300 tonnes of steel at heights of up to 25 metres.

Three of the four major steel components have been completed, with work ongoing on the remaining one. LED lighting featuring the colours of Lagos State will also be installed to give the structure an iconic appearance.

He emphasised that the state government prioritises engineering quality and public safety over speed. Additional finishing works, including site cleaning, kerb repainting, restoration of affected areas and landscaping, will be carried out before the bridge opens.

The link bridge, which connects Opebi, Mende and Ojota, is expected to ease traffic congestion and provide an alternative route for motorists in the Ikeja, Maryland and surrounding corridors.

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