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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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BREAKING: FG to Restore Cross River Littoral Status, Allocates 119 New Oil Wells Post-Bakassi
Similarly, it recommends 119 wells for Akwa Ibom State, 22 wells for Anambra State (to be shared among relevant parties), and 92 wells for Delta and Bayelsa States combined.
he Federal Government is preparing to restore Cross River State to its status as a littoral (coastal) state, more than two decades after the International Court of Justice (ICJ) ruled in 2002 in favor of Cameroon in the dispute over the Bakassi Peninsula.

The ruling and the subsequent Green Tree Agreement in 2006 led to the cession of Bakassi to Cameroon, resulting in Cross River losing its direct access to the open sea and its classification as a littoral state, along with associated oil derivation benefits.

A recent report from the Inter-Agency Technical Committee (IATC)—comprising representatives from the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), National Boundary Commission (NBC), Office of the Surveyor-General of the Federation (OSGoF), and Nigerian Upstream Petroleum Regulatory Commission (NUPRC)—has recommended reverting to the pre-cession status quo for Cross River.

The committee, tasked with verifying coordinates of disputed oil and gas wells as well as newly drilled ones from 2017 through December 2025, conducted extensive fieldwork from September 2025 to January 2026 across affected states and offshore areas.

According to details exclusively obtained by ARISE News Channel, the IATC report not only advocates for Cross River’s restoration as a littoral state but also proposes allocating 119 new oil wells to the state. Similarly, it recommends 119 wells for Akwa Ibom State, 22 wells for Anambra State (to be shared among relevant parties), and 92 wells for Delta and Bayelsa States combined.
The committee has urged President to direct the RMAFC and other relevant agencies to implement these recommendations promptly. This follows petitions from several oil-producing states seeking clarity on ownership and revenue derivation from disputed and new wells, amid ongoing debates over maritime boundaries and the impact of the ICJ ruling on internal state entitlements.
The move could significantly boost revenue allocation for Cross River through the 13% derivation formula for oil-producing states, though it has sparked discussions and counter-claims, particularly from Akwa Ibom, which has historically maintained that Cross River lacks littoral status post-Bakassi cession. The plotting of verified coordinates is seen as a key step toward resolving these long-standing disputes transparently.
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Fubara Sacks Commissioners , Special Advisers
In a statement last night, signed by Onwuka Nzeshi, Chief Press Secretary to the Governor of Rivers State, the Governor therefore directed all Commissioners and Special Advisers to hand over to the Permanent Secretaries or the most Senior officers in their Ministries with immediate effect.
Sir Siminalayi Fubara, Governor of Rivers State, has dissolved the State’s Executive Council.
In a statement last night, signed by Onwuka Nzeshi, Chief Press Secretary to the Governor of Rivers State, the Governor therefore directed all Commissioners and Special Advisers to hand over to the Permanent Secretaries or the most Senior officers in their Ministries with immediate effect.
Fubara further expresses his deepest appreciation to the outgoing members of the Executive Council wishing them the best in their future endeavours.
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El-Rufai speaks on Abuja airport arrest attempts by security operatives
El -Rufai wrote.“Our country must outgrow executive overreach particularly involving opposition figures and former public office holders, and deliberate disregard for the rule of law
A former Kaduna State Governor, Nasir El-Rufai, has condemned what he described as an illegal attempt by security operatives to arrest him at the Nnamdi Azikiwe International Airport, Abuja, following his arrival from Cairo, Egypt.
El-Rufai made this known in a post on his verified X (formerly Twitter) handle on Thursday, where he accused authorities of executive overreach and disregard for the rule of law.
“My lawyers have issued a statement that condemns the illegal attempt to arrest me today at the Abuja airport upon my arrival from Cairo,” El-Rufai wrote.“Our country must outgrow executive overreach particularly involving opposition figures and former public office holders, and deliberate disregard for the rule of law,” he added.
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