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Subsidy Removal Saved Nigeria from Bankruptcy – Tinubu
President Bola Ahmed Tinubu has strongly defended his administration’s decision to remove fuel subsidies, declaring that the bold move prevented Nigeria from sliding into economic bankruptcy.
Speaking during a high-level meeting with economic stakeholders on Friday, President Tinubu maintained that the subsidy regime had become unsustainable and was draining the nation’s resources at an alarming rate.
“The removal of the fuel subsidy saved Nigeria from bankruptcy,” Tinubu declared. “We inherited a system that was bleeding the country dry. Continuing with it would have led us straight into fiscal collapse.”
The President explained that the subsidy payments had reached over N4 trillion annually in recent years, consuming a massive portion of government revenue that could have been channelled into infrastructure, healthcare, and education. He noted that the funds saved are now being redirected toward critical developmental projects under his administration’s Renewed Hope Agenda.
Tinubu acknowledged the short-term pains experienced by citizens due to the policy but insisted the long-term benefits would outweigh the difficulties.
“We took the hard but necessary decision for the survival of our economy,” he said. “Today, we are seeing increased revenue, better targeting of social investments through programmes like the Conditional Cash Transfer and student loans, and a more transparent petroleum sector.”
The fuel subsidy removal in May 2023 was one of the first major policy decisions of the Tinubu administration and remains one of its most controversial. While it triggered a sharp rise in fuel prices, inflation, and cost of living, the government argues it has freed up resources and attracted greater private sector investment into the downstream oil sector.
Some economic analysts have supported the President’s position, noting that Nigeria’s fiscal deficit has narrowed and foreign reserves have strengthened since the reform. However, critics argue that the removal was poorly sequenced, lacking adequate social safety nets, and has contributed significantly to the current economic hardship faced by millions of Nigerians.
President Tinubu reiterated his commitment to implementing further reforms to stabilise the economy and ease the burden on citizens.
News
Goodluck Jonathan’s son graduates from UK varsity
The former president and his wife have two children, Ariwera Jonathan and Aruabi Jonathan.
Former President Goodluck Jonathan has celebrated the graduation of his son, Ariwera Jonathan, from Manchester Metropolitan University in the United Kingdom.
Jonathan shared the news on his official Facebook page on Thursday, where he expressed pride in his son’s accomplishment and extended his best wishes for the future.
He wrote: “Congratulations to our son, Ariwera, on your graduation from Manchester Metropolitan University. Your mother and I are proud of your hard work. Wishing you the very best and a successful future ahead.”
The announcement was accompanied by photographs from the graduation ceremony showing Jonathan, his wife, Patience Jonathan, and their son.
The former president and his wife have two children, Ariwera Jonathan and Aruabi Jonathan.
News
Lagos approves harmonised 2026/2027 academic calendar for public, private schools
The approved calendar shows that the 2026/2027 academic session will commence on Monday, September 14, 2026, after a two-day Staff Professional Development (SPD) programme scheduled for September 10 and 11, 2026.
The Lagos State Government has approved a harmonised academic calendar for all public and private primary and secondary schools across the state for the 2026/2027 academic session, aligning both categories of schools under a single schedule.
The announcement was made by the Commissioner for Basic and Secondary Education, Mr. Jamiu Tolani Alli-Balogun, in a statement published on the official X account of the Lagos State Government on Thursday.
The approved calendar shows that the 2026/2027 academic session will commence on Monday, September 14, 2026, after a two-day Staff Professional Development (SPD) programme scheduled for September 10 and 11, 2026.
The first term will run until December 18, 2026, followed by a vacation from December 21, 2026, to January 8, 2027. The second term will begin on January 11, 2027, and end on April 16, 2027, while the third term will run from May 3 to July 30, 2027, with the long vacation commencing on August 2, 2027.
The move formalises a unified academic timetable for both public and private schools, replacing the previous practice where schools could operate on different calendars.
It is expected to improve coordination and consistency across the state’s basic and secondary education system while providing parents, teachers, and students with a predictable academic schedule.
The calendar allocates 64 school days for the first term, 61 school days for the second term and 57 school days for the third term, bringing the total number of instructional days for the 2026/2027 academic session to 182 days.
News
2027: IGP Orders Nationwide Mop-Up of Illegal Arms From Citizens
Disu emphasised we have to talk to members of the public, we have to do advocacy… And most importantly, so that we can do civil disarmament; civil disarmament of people with illegal arms in their possession.
The Inspector General of Police (IGP), Tunji Disu, has ordered a nationwide civil disarmament operation, ahead of the 2027 general elections.
Disu issued the directive during a courtesy visit to the Force Headquarters in Abuja by the Director – General of the National Centre For The Control Of Small Arms and Light Weapons, DIG Johnson Kokomo (rtd).
While expressing worries that illegally-manufactured small arms and light weapons were being transported across the country by road, and water, the IGP said operations aimed at dismantling arms manufacturing factories, as well as black markets, had been intensified.
Disu emphasised we have to talk to members of the public, we have to do advocacy… And most importantly, so that we can do civil disarmament; civil disarmament of people with illegal arms in their possession.
” We need to talk about it, we need to let people know that it is not only us putting on uniforms that are security operatives. “Everybody is the police, and the police are the com- munity, and the community are the police.“
So, everybody should know (that) anybody carry- ing illegal arms around, is going to use it on another citizen of the country”.
He continued: “So, all hands must be on deck to ensure that we recover all arms.
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