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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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VP Shettima Representing Nigeria At G20 Leaders’ Summit

President Tinubu would have been there in person for participation but shelved the plan owing to the recent abduction incidents in Kebbi, Kwara and Niger State.

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Vice President Kashim Shettima departed Abuja today to represent President Bola Tinubu at the G20 Leaders’ Summit in Johannesburg, South Africa.

The Summit, scheduled to take place from Saturday, November 22nd, to Sunday, November 23rd, at the Johannesburg Expo Centre, brings together leaders from the world’s top 20 economies, including the European Union, the African Union, financial institutions, among others.

President Tinubu would have been there in person for participation but shelved the plan owing to the recent abduction incidents in Kebbi, Kwara and Niger State.

Stanley Nkwocha, Senior Special Assistant to the President on Media & Communications (Office of TheVice President), disclosed that President Cyril Ramaphosa, the South African leader who also serves as the current President of the G20 group had invited his Nigerian counterpart to participate in this year’s edition.

The Vice President will return to Nigeria at the end of the engagements.

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Governor Soludo consoles Awolowo’s family over Segun’s death

In July 2021, Mr. Awolowo was unanimously elected President of the National Trade Promotion Organisations for ECOWAS member states, proving that his untiring passion for advancing Nigeria’s position in global markets will be sorely missed.

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The Governor of Anambra State Government, Professor Chukwuma Charles Soludo, has conveyed his sincere condolences to the Awolowo family, friends, and associates of Mr. Segun Awolowo Jnr, who died the previous day at the age of 62.

In his condolence message, Governor Soludo extolled Mr. Segun Awolowo as a renowned lawyer, national patriot and prominent figure within the investment and export sector of Nigeria and Africa, who stood for excellence and dedication in public service.

As a grandson of the sage and illustrious Chief Obafemi Awolowo, he embodied the principles of integrity, service, and leadership that his grandfather championed throughout his life.

He was not only a proud scion of the Awolowo dynasty but also a vital contributor to Nigeria’s economic landscape, working tirelessly to elevate the standards of trade and investment across the continent.

The Governor noted that throughout his distinguished career, Segun Awolowo Jnr, who served diligently as the Executive Director of the Nigerian Export Promotion Council from 2013 to 2021, championed initiatives aimed at fostering economic growth and sustainable development in Nigeria.

His commitment to entrepreneurship and innovation inspired countless individuals and businesses, reinforcing the role of the private sector in driving national progress.

In July 2021, Mr. Awolowo was unanimously elected President of the National Trade Promotion Organisations for ECOWAS member states, proving that his untiring passion for advancing Nigeria’s position in global markets will be sorely missed.

Thus his passing is a significant loss, not only for his family but for our nation and Africa at large.

Therefore, Governor Soludo condoles with the Awolowo family, Ogun State government, friends and associates of Mr. Segun Awolowo Jnr on his painful death.

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Crime

JUST IN: Terrorists kidnap students, teachers from Niger boarding school

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Terrorists have attacked St Mary’s School, a Catholic-owned institution in Papiri community, Agwara Local Government Area of Niger State, and abducted an unconfirmed number of students and staff.

The attack took place in the early hours of Friday.

Local officials said the school was compiling its records and could not yet determine the number of people taken.

A source in one of the Catholic churches in Niger State confirmed the incident, stating that the church would issue an official statement after completing its investigation.

The Head of Department for Disaster and Relief in Agwara Local Government, Ahmed Rofia, also confirmed the attack.

He said the gunmen invaded the school between 2 a.m. and 3 a.m. and that authorities were still assessing the scale of the abductions.

Spokesperson of the Niger State Police Command, Wasiu Abiodun said he was aware of the enquiry and would provide details when available. “I know what you are calling. I will get the details and get back to you,” he said.

When pressed to confirm the incident, he added, “I need to get the details before. I will get back to you. Just give me time.

”Papiri is about 70 kilometers from Babana axis, where Jama’at Nusrat al-Islam wal-Muslimin (JNIM), an al-Qaeda affiliate in the Sahel, announced its presence in July.

The abduction happened less than a week after a similar abduction of schoolgirls in Kebbi State.Papiri town is one of the 10 political wards in the Agwara Local Government Area of Niger State.

A source in Rofia, a town 30 kilometres away from where the incident happened, also confirmed the incident.

The source whose name has been withheld for security reasons said residents of the town estimated that the terrorists came with 60 motorcycles and a van.

“They packed the students and their teachers in the van and went away with them,” he said.

Bello Gidi, the spokesperson for Agwara Local Government Chairperson Ilyasu Zakari, confirmed the attack, stating that efforts are ongoing to gather “factual details of the incident.

”The raid occurred days after 25 students were kidnapped in Maga, Kebbi State, adding to rising concern over attacks on schools in the region.

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