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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.
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NEC, Police Intensify Security Plans Ahead of 2027 General Elections
The Chairman of the Independent National Electoral Commission (INEC) Professor Joash Amupitan, SAN, has described security as the foundation of credible elections, calling it the “first and last mile” of the electoral process.
He made the remark during a courtesy visit to the Inspector-General of Police, Olatunji Disu, in Abuja, where he sought stronger collaboration between INEC and the Nigeria Police Force ahead of the 2027 General Elections.
Professor Amupitan said that preparations for the elections were already underway, with Presidential and National Assembly polls scheduled for January 16, 2027, while Governorship and State Assembly elections are fixed for February 6, 2027.
He noted that the release of the election timetable and ongoing political party activities, including ward congresses and conventions, have effectively activated the electoral process and heightened security concerns nationwide.
The INEC Chairman also pointed to upcoming off-cycle governorship elections in Ekiti and Osun States, as well as several bye-elections across the country, describing them as important tests for Nigeria’s democracy.
He warned that electoral malpractice, vote buying, political violence and insecurity remain major threats capable of undermining public confidence in the electoral system.
Professor Amupitan stressed the need for proactive policing, intelligence gathering and early risk assessments to identify potential flashpoints before the elections, and reaffirmed INEC’s commitment to working closely with security agencies through the Inter-Agency Consultative Committee on Election Security (CCES), describing it as central to ensuring the safety of voters, electoral personnel and materials during the polls.
The Inspector-General of Police, Olatunji Disu,in his remarks assured INEC of the Police Force’s readiness to provide adequate security before, during and after the elections.
He disclosed that nationwide intelligence mapping and threat assessments had already commenced, with concerns such as political violence, illegal arms proliferation, voter intimidation, cyber threats and attacks on electoral infrastructure identified as priority risks.
The IGP also pledged that the Police would remain professional, impartial and guided strictly by the Constitution and the Electoral Act, and warned that officers involved in partisan activities would face disciplinary action, while personnel assigned to election duties would undergo intensive training in electoral security management, human rights compliance and crowd control.
He further called for stronger inter-agency cooperation, joint trainings and sustained stakeholder engagements to guarantee peaceful and credible elections in 2027.
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BREAKING: IED Explosion Kills Six, Injures Six Others in Zamfara State
At least six people were killed and six others injured after an Improvised Explosive Device (IED) exploded in Zamfara State on Thursday.
The blast occurred in an unspecified area of the state, according to initial reports. Details on the exact location and circumstances surrounding the explosion remain limited as security forces have cordoned off the scene.
Emergency responders and security personnel have been deployed to the area. The injured victims have been rushed to nearby hospitals for treatment.
This incident comes amid ongoing security challenges in parts of Zamfara State. Authorities are yet to issue an official statement or confirm the cause of the explosion.
More details are expected as the situation develops.
News
JUST IN: Former Power Minister Mamman Convicted of N33.8bn Fraud
Justice James Omotosho held that the Economic and Financial Crimes Commission (EFCC) proved its case beyond reasonable doubt, finding Mamman guilty of illegally diverting public funds linked to the Mambilla and Zungeru Hydroelectric Power projects.
[File photo] : former Minister of Power, Saleh Mamman
A Federal High Court in Abuja has convicted former Minister of Power, Saleh Mamman, on a 12‑count charge of fraud and money laundering involving about ₦33.8 billion.
Mamman, who served in the administration of former President Muhammadu Buhari, was found complicit in the illegal diversion of public funds totalling about ₦33.8 billion.
The court found that he made a cash payment of $655,700 (equivalent to ₦200 million) for landed property in Abuja, without recourse to a financial institution.
Justice James Omotosho held that the Economic and Financial Crimes Commission (EFCC) proved its case beyond reasonable doubt, finding Mamman guilty of illegally diverting public funds linked to the Mambilla and Zungeru Hydroelectric Power projects.
The court also found that Mamman used the funds for personal gain, including paying $655,700 (about ₦200 million) in cash for landed property in Abuja—beyond the legal limit—and acquiring luxury assets in Nigeria and abroad.
Justice Omotosho described the prosecution’s evidence as “overwhelming,” saying Mamman failed to offer any credible defence, while the EFCC presented 17 witnesses and 43 exhibits to support the case.
The court noted that most of the funds were siphoned through Bureau de Change operators (BDCs), who converted the money into foreign currencies and handed it over to the defendant.
“The evidence of the prosecution is overwhelming as against the scanty and almost absent defence of the defendant.
“The defendant did not offer any credible evidence to rebut the prosecution’s case,” Justice Omotosho held.
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