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Subsidy Removal: ‘I Feel Your Pain, Your Sacrifice Won’t Be In Vain’, Tinubu Tells Nigerians

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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.

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CBN Debunks Viral Fake News of ₦5,000 Banknote Featuring President Tinubu’s Image

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The Central Bank of Nigeria (CBN) has firmly dismissed as fake a circulating image purporting to show a new ₦5,000 banknote bearing the portrait of President Bola Ahmed Tinubu.

In a statement posted on its official X (formerly Twitter) handle on Thursday, April 9, 2026, the apex bank declared: “This content is fake. Let the public be guided.” The clarification came after the image went viral on social media, sparking debates and reactions among users who questioned its authenticity.

The viral mock-up, which some claimed was a “first sample” of a redesigned higher denomination note, has been identified by fact-checkers and media outlets as AI-generated.

Tests using AI detection tools reportedly showed over 90% AI-generated content, and earlier versions of similar images carried watermarks linked to Grok, an AI tool on the X platform.

This is not the first time such claims have surfaced. In 2025, the CBN similarly debunked reports of impending introductions of ₦5,000 and ₦10,000 notes, describing those as false and clarifying that no such policy or designs were in the works.

The CBN urged Nigerians to disregard the misleading image and rely only on official communications from the bank. It has not announced any plans to introduce new currency denominations or redesign existing notes with the president’s image.

The development comes amid ongoing efforts by authorities to combat misinformation that could potentially cause public confusion or economic anxiety regarding the naira.

Members of the public are advised to verify currency-related information directly through the CBN’s official website (cbn.gov.ng) or verified channels.

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Police Debunk Viral “Terror Attack” Video in Abuja, Launch Investigation

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The Federal Capital Territory (FCT) Police Command has dismissed as false and misleading a viral video claiming terrorists were advancing on Abuja with heavy gunfire.

In a statement on Thursday, the Command said there was no terrorist attack or security breach anywhere in the Federal Capital Territory.

Commissioner of Police, Ahmed Sanusi, described the video as a deliberate attempt to incite panic and spread misinformation.

According to the Police Public Relations Officer, SP Josephine Adeh, preliminary investigations revealed that the gunshots in the footage were manipulated and edited from an unrelated source, then superimposed on visuals of buildings under construction at an unidentified location.

The Commissioner has ordered a full forensic analysis to trace the origin of the video and identify those responsible for prosecution.

The FCT Police warned content creators and social media users against spreading false information that could cause fear and public disorder.

Residents were urged to disregard the video and refrain from sharing unverified content.

The Command reassured residents of its commitment to maintaining safety and security in the FCT.

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US Declares 23 Nigerian States High-Risk for Citizens

Southern and Southeastern states were not spared. The Department urged caution in Abia, Anambra, Bayelsa, Delta, Enugu, Imo, and Rivers (excluding Port Harcourt), citing crime, kidnapping, and violent protests.

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Photo: President Donald Trump; President Bola Tinubu

The United States Department of State has classified 23 Nigerian states “High Insecurity Risks” for its citizens to go , work and live.

In an updated travel advisory issued on Wednesday, the Embassy in Nigeria urged Americans to reconsider travel to Nigeria, with certain states classified under “Level 4: Do Not Travel” due to heightened security risks.

Plateau, Jigawa, Kwara, Niger, and Taraba were added to the list, bringing the total to 23 states where travel is strongly discouraged.

In Northern Nigeria, the advisory highlighted Borno, Jigawa, Kogi, Kwara, Niger, Plateau, Taraba, Yobe, and northern Adamawa as particularly high-risk, citing terrorism, kidnapping, and violent crime.Bauchi, Gombe, Kaduna, Kano, Katsina, Sokoto, and Zamfara were also flagged due to civil unrest, widespread crime, and kidnappings.

“The security situation in these states is unstable and uncertain due to civil unrest. Widespread violence between communities and armed crime, including kidnapping and roadside banditry.

“Security operations to counter these threats may occur without warning,” the advisory warned.

Southern and Southeastern states were not spared. The Department urged caution in Abia, Anambra, Bayelsa, Delta, Enugu, Imo, and Rivers (excluding Port Harcourt), citing crime, kidnapping, and violent protests.

“Crime is widespread in Southern Nigeria. There is a high risk of kidnapping, violent protests, and armed gangs,” the advisory stated.

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