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Subsidy Removal: ‘I Feel Your Pain, Your Sacrifice Won’t Be In Vain’, Tinubu Tells Nigerians
President Bola Tinubu on Monday sympathised with Nigerians over the pains of the recent subsidy removal on Premium Motor Spirit known as petrol.
In his 2023 Democracy Day speech on June 12, the President said his decision to remove fuel subsidy during his inauguration on May 29, 2023 is to save Nigeria country from going under and take the country’s resources away from the stranglehold of a few unpatriotic elements.
He asked Nigerians to sacrifice a little more for the survival of the country.
Democracy Day is celebrated yearly on June 12 in honour of the winner of the June 12, 1993, presidential election, the late Chief Moshood Kashimawo Olawale (MKO) Abiola and other heroes of democracy.
Addressing Nigerians on Monday, Tinubu said, “The democracy that will yield right dividends to the people who are the shareholders means more than just freedom of choice and right to get people into elective offices. It means social and economic justice for our people.
“To the winner of June 12, democracy offers the best chance to fight and eliminate poverty. Thirty years ago, he (MKO Abiola) christened his campaign manifesto, ‘Farewell to Poverty’ because he was convinced that there is nothing divine about poverty. It is a man-made problem that can be eliminated with clearly thought-out social and economic policies.
“It is for this reason that, in my inauguration address on May 29, I gave effect to the decision taken by my predecessor-in-office to remove the fuel subsidy albatross and free up for collective use the much-needed resources, which had hitherto been pocketed by a few rich.
“I admit that the decision will impose extra burden on the masses of our people. I feel your pain. This is one decision we must bear to save our country from going under and take our resources away from the stranglehold of a few unpatriotic elements.
“Painfully, I have asked you, my compatriots, to sacrifice a little more for the survival of our country. For your trust and belief in us, I assure you that your sacrifice shall not be in vain. The government I lead will repay you through massive investment in transportation infrastructure, education, regular power supply, healthcare and other public utilities that will improve the quality of lives.”
From N184/Litre To Over N500
The President during his inaugural speech on May 29 at the Eagle Square in Abuja had announced the removal of subsidy payment on petrol. The President said that the immediate past administration of Muhammadu Buhari did not make provisions for subsidy in the 2023 budget beyond June.
Many Nigerians had expected that the new price regime would come into effect by July 1 but almost immediately after the presidential pronouncement, queues resurfaced at filling stations across the country even as retail outlets hoard the product and increase prices.
Already, a litre of petrol is being sold at over N500 across the country following the price adjustment by the Nigerian National Petrol Company (NNPC) Limited and the presidential pronouncement on subsidy removal.
Fuel queues have since surged for the vital commodity, compounding the traffic situation in parts of the country, even as transportation costs skyrocket to more than 100% increment.
The Organised Labour had resolved to embark on a nationwide strike beginning Wednesday but was restrained by a court order of Monday, June 5, 2023. The Organised Labour subsequently shelved its planned strike after a meeting with the Federal Government last week.
News
FG Launches Counter Terrorism Strategic Plan 2025 – 2030
For ours, the question is clear: How do we secure our nation, safeguard our people and set Nigeria irreversibly on the path of peace, growth and stability?“ The Strategic Plan 2025 – 2030 answers this question with vision, discipline and ambition.
The President of the Senate, Godswill Akpabio has formally unveiled Nigeria’s Counter Terrorism Strategic Plan 2025 – 2030.
The Strategic Plan was put together by the National Counter Terrorism Centre in the Office of the National Security Adviser.
In his Keynote address, Akpabio said the occasion was not merely the launch of another policy document but a defining moment in the nation’s journey.
“It is a moment when Nigeria again reaffirms that our people deserve to live without fear, that our children deserve a future of peace, and that our nation must be secured to prosper,” he said.
The Senate President remarked that every generation faced a question that history demanded it must answer.
“For ours, the question is clear: How do we secure our nation, safeguard our people and set Nigeria irreversibly on the path of peace, growth and stability?“ The Strategic Plan 2025 – 2030 answers this question with vision, discipline and ambition.
It offers a framework for transforming our institutions, modernising our security architecture, strengthening national resilience and expanding partnerships across government, industry, civil society and the international community”
“As President of the Senate, I have seen how insecurity weakens the foundations of development. Investors withdraw, schools close, farmers abandon their fields, and hope retreats from the hearts of our young people.
That is why a pragmatic, forward-looking and implementation-driven plan such as this is timely, necessary and welcome.”
(Independent)
News
Delta Police Dismiss Bandits Invasion of Girls Secondary School Kwale
• Commissioner of Police, Delta State Command, CP Olufemi Abaniwonda
The Delta State Police Command said that the rumoured invasion of Girls’ Secondary School, Utagba-Ogbe, Kwale, today was entirely false and misleading.
In a statement, the Commissioner of Police, Delta State Command, CP Olufemi Abaniwonda, clarified that upon receiving the report, the Command immediately ordered a coordinated response and deployed the DCO Kwale Division, SP Udofia Kufre, to lead a patrol team for immediate on-the-ground verification and security assessment.
The Vice Principal of the school and the security man on duty were interviewed, and both confirmed that no attack occurred and that the panic emanated solely from misinformation among students.
As a precautionary measure, adjoining schools within the Kwale axis were visited and all were found to be calm, safe, and in a normal academic session.
Parents who rushed to pick up their children are advised to remain calm, as the earlier rumour has been decisively addressed and normalcy has been fully restored.
CP Olufemi Abaniwonda warns strongly against the spread of unverified rumours capable of causing fear or disrupting academic activities.
The CP reiterated the Command’s unwavering resolve to respond swiftly to any credible threat while ensuring the safety of all educational institutions across the state.
He further urges school authorities to strengthen internal communication, promptly report suspicious observations to the nearest police formation, and maintain close collaboration with local security outfits to enhance monitoring around school environments.
News
Okonjo-Iweala Decries Kidnappings of school children, teachers
As a mother I am greatly saddened by the kidnappings in our country, particularly of our children and teachers from places of learning.
The Director-General of the World Trade Organization (WTO), Dr. Ngozi Okonjo-Iweala, has expressed worries over the escalating wave of kidnappings across Nigeria, particularly the abduction of schools children and teachers.
Okonjo-Iweala in a post on X said she was “greatly saddened” by the disturbing trend, stressing that the attacks on learning institutions have inflicted fear, trauma, and uncertainty on families nationwide.
“As a mother I am greatly saddened by the kidnappings in our country, particularly of our children and teachers from places of learning.
” My heart goes out to the children and all those kidnapped and to their families living in fear and uncertainty,” she said.
She prays for the safe return of all abductees and strength for parents and relatives enduring the ordeal.
“May those taken be found, rescued, and returned safely into the arms of those who love them.
We pray God for their protection and strength for every parent and relative waiting,” she added.
Her comments come amid a series of mass abductions targeting schools and farming communities in several states in Nigeria, which has led to renewed calls for urgent action to protect citizens and restore security nationwide.
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