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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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FG Unmasks 60 Persons and Corporates Behind Terrorism Financing, Order Banks To Freeze Their Accounts
The updated sanctions list is part of a crackdown on financial networks supporting extremist groups, particularly following investigations into Bureau De Change (BDC) operators and other entities.
The Federal Government on Saturday released a list of 48 individuals and 12 corporate entities allegedly linked to terrorism financing in Nigeria, as part of ongoing efforts to curb the funding of extremist activities.
The Federal Government also directed financial institutions to freeze all accounts and assets associated with these individuals and firms.
The list, published on the website of the Nigeria Sanctions Committee (NIGSAC), disclosed the nationalities of those named, their specific roles, and the terrorist groups they were allegedly connected to.
The Nigeria Sanctions Committee (NIGSAC) operates under the authority of the Office of the National Security Adviser (ONSA), which coordinates its activities within the national security framework.
Its core mandates include the implementation of United Nations sanctions—particularly those targeting terrorism financing—ensuring compliance with international obligations, and facilitating coordination among agencies such as financial intelligence, defense, and foreign affairs.
Those named in the latest released include Abdulsamat Ohida, Mohammed Sani, Abdurrahman Abdurrahman, Fatima Ishaq, Tukur Mamu, Yusuf Ghazali, Muhammad Sani, Abubakar Muhammad, Sallamudeen Hassan, Adamu Ishak, Hassana Isah, Abdulkarim Musa, Umar Abdullahi, Abdurrahman Ado, Bashir Yusuf, Ibrahim Alhassan, Muhammad Isah, Salihu Adamu, Surajo
Mohammad, Fannami Bukar, Muhammed Musa, Sahabi Ismail, Mohammed Buba, Jama’atu Wal-Jihad, Ansarul Sudan (ANSARU), Islamic State West Africa Province (ISWAP), Indigenous People of Biafra (IPOB), Yan Group, Yan Group NLBDG, Adamu Hassan, Hassan Mohammed, Usman Abubakar, Kubara Salawu, Rabiu Suleiman, Simon Njoku, Godstime Iyare, Francis Mmadubuchi, John Onwumere, Chikwuka Eze, Edwin Chukwuedo, Chiwendu Owoh, Ginika Orji, Awo Uchechukwu, Mercy Ali, Ohagwu Juliana, Eze Okpoto, Nwaobi Chimezie, and Ogumu Kewe.
The entities listed include West and East Africa General Trading Co. Ltd, Settings Bureau De Change Ltd, G. Side General Enterprises, Desert Exchange Ventures Limited, Eagle Square General Trading Co. Ltd, Alfa Exchange BDC, Alin Yar Yaya General Enterprises, K. Are Nigeria Limited, Suhailah Bashir General Enterprises, Igwe Ka Ala Enterprises, Seficuvi Global Company, and Lakurawa Sect.
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Breaking: INEC postpones voter revalidation exercise till after 2027 elections
The decision was announced in a statement issued and signed by Mohammed Haruna, the commission’s national commissioner and chairman of its information and voter education committee.
The Independent National Electoral Commission (INEC) on Friday postponed its planned nationwide voter revalidation exercise until after the 2027 general elections.
The decision was announced in a statement issued and signed by Mohammed Haruna, the commission’s national commissioner and chairman of its information and voter education committee.
Haruna said that the postponement followed deliberations at a meeting between the commission and resident electoral commissioners (RECs).
“Following deliberations, the commission resolved to postpone the exercise until after the 2027 General Election,” the statement read.
(VANGUARD)
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Plateau Community Laments ‘ No Security To Repel Attackers’
Those confirmed dead include Elder Iliya Mangut Dakus, Mr. Luck Titus Dakus, Mr. Habila Istifanu Dakus, Mr. Hassan Istifanus Dakus, Mrs. Hassan Moses Dakus, Biggie Lucky Dakus, Sunday Gideon Dakus, and Mr. Innocent Barnabas Makwin.
People of Mbwelle village, Bokkos Local Government Area of Plateau State lamented that the Thursday Late-night attack which left eight persons killed lasted for several hours with no visible security presence to repel the attackers.
The assailants reportedly stormed the community at about 11 p.m. on Thursday, and opened fire on residents in a sporadic shooting that lasted nearly an hour.
Seven of the victims were members of the same family, while at least three others sustained injuries and several persons are missing.
Those confirmed dead include Elder Iliya Mangut Dakus, Mr. Luck Titus Dakus, Mr. Habila Istifanu Dakus, Mr. Hassan Istifanus Dakus, Mrs. Hassan Moses Dakus, Biggie Lucky Dakus, Sunday Gideon Dakus, and Mr. Innocent Barnabas Makwin.
The Chairman of Bokkos Local Government Area, Samuel Amalau, confirmed the incident to Arise news during a phone interview, expressing concern over the recurring violence in the area.
The Chairman condemned what he described as a resurgence of unprovoked attacks in Bokkos, particularly the incident in Mbwelle community of Kwatas Ward.
The Chairman of the Community Peace Observers in Bokkos, Kefas Mallai, added that the attack has heightened tension in the area.
He extended condolences to the bereaved families, noting that the killings were “a direct assault on our collective humanity and peaceful coexistence,” while also wishing the injured a speedy recovery.
He also appealed to youths to exercise restraint and avoid actions that could escalate tensions, even as he reaffirmed the right to lawful self-defense.
Also confirming the attack, the Police Public Relations Officer, SP Alfred Alabo, said investigations are ongoing and assured that further details would be made available.
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