President Bola Ahmed Tinubu said on Monday that the government was channelling funds saved from the removal of fuel subsidy into the provision of critical infrastructure across the country. He said this at the opening of a National Conference on Public Accounts and Fiscal Governance, organised by the Public Accounts Committees (PACS) of the Senate…
Fresh details have emerged on how Oluwaseun Ogunbambo, a Nigerian businessman and managing director of Fargo Petroleum and Gas Ltd, forged several documents to claim N3.7 billion in a petrol subsidy fraud. In his new book titled ‘The Shadow of Loot & Losses: Uncovering Nigeria’s Petroleum Subsidy Fraud’, Abdulrasheed Bawa, the former chairman of the…
Aisha Yesufu, a human rights activist and supporter of former Labour Party presidential candidate, Peter Obi, has criticised him for condemning the protests against Goodluck Jonathan during his time as President.Travel guides Aisha Yesufu reacted to Peter Obi’s comment regarding the Occupy Nigeria protest of 2012. It would be recalled that Peter Obi criticised the…
Lawmaker representing Kano South Senatorial District, Kawu Sumaila, has sparked controversy by stating that it was former President Muhammadu Buhari, not President Bola Tinubu, who removed the fuel subsidy. He made the assertion on Channels TV’s Politics Today. He explained that the provision for fuel subsidy typically covered only the first half of the year….
The Economic and Financial Crimes Commission (EFCC) yesterday re-arraigned Mamman Nasir Ali, son of former Chairman of Peoples Democratic Party (PDP), Ahmadu Ali, over an alleged N2.2 billion oil subsidy fraud. Ali alongside Christian Taylor and their oil company, Nasaman Oil Services Limited were brought before before Justice Mojisola Dada of a Lagos Special Offences…
President Bola Tinubu on Thursday, declared that Nigeria faced imminent bankruptcy if his administration had not swiftly ended the fuel subsidy and implemented crucial economic reforms. Receiving a delegation of former National Assembly colleagues from the aborted Third Republic at the State House in Abuja, Tinubu explained that his actions were motivated by the need…
President Bola Tinubu on Monday said that every decision he has taken so far, including the fuel subsidy removal is all about Nigerian youths and their future. Tinubu spoke during the inauguration of the Planning Committee for the National Youth Conference at the State House, Abuja. He assured that the ongoing economic reforms were designed…
The removal of fuel subsidies has been hailed as a pivotal decision to confront long-standing economic challenges. This is according to Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms. Speaking at The Platform, an annual event organized by Covenant Nation in Lagos, Oyedele outlined how previous subsidy regimes perpetuated economic…
President Bola Tinubu has reiterated that he has no regrets about removing the fuel subsidy, emphasising that the decision was necessary to secure Nigeria’s financial future. Speaking on Monday during a live presidential media chat broadcast nationwide, Tinubu explained that the subsidy was draining the country’s resources and jeopardizing future investments. He said, “We are…
President Bola Tinubu has said Nigerians were living a good life that was fake and capable of leading the country into a total economic collapse before his administration came on board to remove the fuel subsidy. Tinubu had on May 29, 2023, on the day of his inauguration into office, announced the removal of the…