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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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Tinubu Vows to Crush Terrorism as FEC Reconvenes after Three Months

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President Bola Ahmed Tinubu has, for the first time, spoken publicly since U.S. President Donald Trump redesignated Nigeria as a Country of Particular Concern over alleged religious persecution and issued threats of military action against terrorist groups in the region.

Speaking at the Federal Executive Council (FEC) meeting in Abuja on Thursday, President Tinubu avoided direct reference to President Trump but underscored Nigeria’s resilience and growing economic credibility. He cited the overwhelming success of the country’s recent $2.35 billion Eurobond, which was oversubscribed by 453 percent, as clear proof of “strong investor confidence despite political headwinds.”

“Nigeria remains open for business. The confidence of global investors in our economy is unshaken. We will continue to engage our international partners diplomatically while working tirelessly to defeat terrorism and build a peaceful, inclusive, and resilient nation,” Tinubu said.

The Coordinating Minister of the Economy and Minister of Finance, Wale Edun, briefed the council that the Eurobond attracted $13 billion in orders, describing it as a major milestone in Nigeria’s economic reform trajectory.

He added that the next phase of the administration’s reforms would focus on removing barriers to investment, reviewing tariffs and import restrictions, and improving fiscal discipline to ensure that the benefits of the reforms reach ordinary Nigerians.

Thursday’s FEC meeting marked the first in three months, with President Tinubu also swearing in two new ministers — Dr. Kingsley Tochukwu Udeh (SAN) from Enugu State and Bernard Doro from Plateau State — bringing the cabinet back to its full complement of 48 members.

The President reaffirmed his administration’s determination to crush terrorism and violent extremism, stating that no external pressure or political distraction would deter Nigeria from safeguarding its sovereignty and national security.

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BREAKING: Tinubu Responds to Trump’s Threats, Swears in Two New Ministers

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In a high-stakes moment for Nigeria’s diplomacy and domestic political agenda, President Bola Tinubu has spoken publicly for the first time in response to threats issued by U.S. President Donald Trump — at the same time swearing in two new ministers to his Cabinet.

President Trump recently directed U.S. military planning toward Nigeria, warning that American assistance could be cut off if Nigeria continues to “allow the killing of Christians” — and even suggesting the possibility of U.S. intervention.

In response, Tinubu’s office, via Minister of Information & National Orientation Mohammed Idris, announced that the president remains calm and is taking the matter “with the depth it requires”.

The government emphasised that Nigeria is engaging via multiple channels — including religious leaders, international organisations and regional bodies — to clarify its position and dispel narratives of religious intolerance.

Analysts say the seriousness of the U.S. approach underscores global concern about Nigeria’s security and religious-freedom situation.

At a Federal Executive Council (FEC) meeting held earlier today, President Tinubu swore in:

  • Dr. Bernard Mohammed Doro (from Plateau State) to fill the vacant Ministry of Humanitarian Affairs & Poverty Reduction.
  • Mr. Kingsley Tochukwu Udeh (SAN, from Enugu State) to fill the Ministry of Science, Technology & Innovation, following the resignation of his predecessor amid allegations of certificate forgery.

Their appointments were confirmed by the Senate and came at a moment of heightened domestic and international scrutiny.

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Senate Confirms Kingsley Udeh as Minister of the Federal Republic

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The Senate on Thursday confirmed Dr. Kingsley Tochukwu Udeh as a Minister of the Federal Republic of Nigeria, following his nomination by President Bola Tinubu.

The confirmation, which was carried out in line with Section 147(2) of the 1999 Constitution (as amended), came after Udeh successfully completed all required security screenings.

President Tinubu had, in a letter to the Senate earlier in the week, sought the lawmakers’ approval for Udeh’s appointment. With the confirmation, Udeh is now set to join the Federal Executive Council.

Udeh, a Senior Advocate of Nigeria and the current Attorney General of Enugu State, faced several questions during his screening. One question from Senator Abdul Ningi (Bauchi Central) sought his view on the ongoing diplomatic tension between Nigeria and the United States, following threats by former U.S. President Donald Trump to take military action in Nigeria over alleged persecution of Christians.

Before Udeh could respond, Senate President Godswill Akpabio humorously advised him to “dodge” the politically sensitive question.

When he eventually replied, Udeh offered a measured response, noting that the issue was being handled directly by President Tinubu and emphasizing that it was “more of a diplomatic matter than a legal one.”

He commended President Tinubu for revitalizing Nigeria’s foreign relations, stressing that sustained international cooperation is key to improving the country’s global image and advancing its national interests.

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