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Leaked documents unofficial, Presidency insists
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*Says, subsidy gone forever
By Francesca Hangeior.
The Presidency has said two trending fiscal policy documents in circulation are still proposals and have not been approved by President Bola Tinubu.
It also reiterated that the fuel subsidy regime has ended, and the government’s position on fuel subsidy has not changed since President Tinubu’s declaration on 29 May 2023.
The presidency also added that there is no N5.4 trillion being provisioned for it in 2024, as being widely speculated and discussed.
Reports have it that the documents, titled Inflation Reduction and Price Stability (Fiscal Policy Measure etc) Order 2024 and Accelerated Stabilisation and Advancement Plan (ASAP) surfaced on the internet on Tuesday following the meeting between the Minister of Finance, Wale Edun and President Tinubu at the State House in Abuja.
The first policy proposal aims to reduce inflation and stabilise prices, while the second policy aims to fast-track economic recovery and provide succour to Nigerians as possible.
In a statement on Thursday, the Special Adviser to the President on Information and Strategy, Bayo Onanuga, said the two documents are not official and still subject to reviews at the highest level of government.
The statement reads: “The attention of the Presidency has been drawn to two fiscal policy documents in circulation that are being given wide coverage by the mainstream media and social media platforms.
“One of the documents titled Inflation Reduction and Price Stability (Fiscal Policy Measure etc) Order 2024 is being shared as if it were an executive order signed by President Bola Ahmed Tinubu.
“The other is a 65-page draft document with the title “Accelerated Stabilisation and Advancement Plan (ASAP), which contains suggestions on how to improve the Nigerian economy. President Tinubu received a copy of the draft on Tuesday.
“We urge the public and the media to disregard the two documents and cease further discussions on them. None is an approved official document of the Federal Government of Nigeria. They are all policy proposals that are still subject to review at the highest level of government. Indeed, one has a ‘draft’ clearly written on it.
“According to the Coordinating Minister of the Economy, Mr. Wale Edun, “It is important to understand that policymaking is an iterative process involving multiple drafts and discussions before any document is finalised.
“We assure the public that the official position on the documents will be made available after comprehensive reviews and approvals are completed.”
The presidential aide also asked the public and media to stop second-guessing the government’s policy on customs tariffs, fuel subsidies and other economic matters.
Onanuga, therefore, called on the media to always confirm documents that do not emanate from official channels so that the members of the public are properly informed on government policies and programmes.
The statement added: “Emanating from the two documents have been reports second-guessing government’s policy on customs tariffs, fuel subsidy and other economic matters.
“The government wants to restate that its position on fuel subsidy has not changed from what President Bola Ahmed Tinubu declared on 29 May 2023. The fuel subsidy regime has ended. There is no N5.4 trillion being provisioned for it in 2024, as being widely speculated and discussed,” Edun stated.
“The Coordinating Minister of the Economy further clarified: “As previously stated by government officials, including myself, President Tinubu announced the end of the fuel subsidy program last year, and this policy remains firmly in place.
“The Federal Government is committed to mitigating the effects of this removal and easing the cost of living pressures on Nigerians.
“Our strategy focuses on addressing key factors such as food inflation, which is significantly impacted by transport costs. With the implementation of our CNG initiative, which aims to displace high PMS and AGO costs, we expect to further reduce these costs.
“Our commitment to ending unproductive subsidies is steadfast, as is our dedication to supporting our most vulnerable populations”.
“We call on the media to always exercise necessary checks and restraints in the use of documents that do not emanate from official channels so that the members of the public are properly informed, guided and educated on government policies and programmes.”
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BEWARE: FG warns 26 States of flood, places, Bayelsa, Delta, Lagos, Adamawa, Benue, others as critical risk areas
The Federal Government has alerted residents of 26 states and the Federal Capital Territory (FCT) to the possibility of flooding between June 22 and July 5, 2026, following forecasts of heavy rainfall in different parts of the country.
The warning was issued by the Federal Ministry of Environment through the National Flood Early Warning Centre under its Erosion, Flood and Coastal Zone Management Department.
The ministry said several communities across the country have been identified as areas that could face serious flood threats during the period.
According to the forecast released on June 22, heavy rainfall is expected in many locations, raising concerns about possible flooding in vulnerable communities.
States placed under the critical-risk category include Abia, Adamawa, Akwa Ibom, Anambra, Bayelsa, Benue, Cross River, Delta, Ebonyi, Edo, Ekiti, Enugu, Imo, Kogi, Kwara, Lagos, Niger, Ogun, Ondo, Osun, Oyo and Rivers.
In Abia State, the affected communities include Aba, Arochukwu and Umuahia. In Adamawa, the ministry listed Jimeta and Numan, while Eket, Oron and Uyo were named in Akwa Ibom. In Anambra, Onitsha Inland Town and Awka Urban Drainage Corridors were identified as vulnerable locations.
Bayelsa communities such as Yenagoa, Brass and Nembe Town were also listed among areas that could be affected by flooding.
Other locations mentioned include Makurdi, Gboko and Katsina-Ala in Benue State; Calabar Metropolis and Creek Town in Cross River State; Asaba, Warri and Sapele in Delta State; and Abakaliki, Afikpo and Onueke in Ebonyi State.
The ministry also identified Benin City Urban Core and Auchi in Edo State, Ado-Ekiti and Ikere-Ekiti in Ekiti State, as well as Enugu, Nsukka and Oji River Town in Enugu State.
In Imo State, Owerri, Orlu and Okigwe were listed, while Lokoja and Ajaokuta were named in Kogi State. Communities such as Ilorin, Jebba and Pategi in Kwara State were also included in the warning.
Several parts of Lagos State were equally listed among the areas at risk.
These include Agege, Alimosho, Apapa, Badagry, Ikeja, Ikorodu, Lagos Island, Lekki and Surulere.
In Niger State, Bida, Minna, Mokwa, Suleja and Kontagora were identified, while Abeokuta, Ota and Sagamu were listed in Ogun State.
The flood alert further covered Akure, Owo and Okitipupa in Ondo State; Oshogbo, Ile-Ife and Ilesa in Osun State; Ibadan, Ogbomoso and Oyo in Oyo State; as well as Port Harcourt Urban Core, Bonny, Ahoada and Omoku in Rivers State.
Apart from the states under the critical-risk category, the ministry also placed parts of Adamawa, the FCT, Kebbi, Kogi, Nasarawa, Plateau and Taraba states under a high-risk category.
Communities listed in this group include Yola North, Yola South, Mubi and Gurin in Adamawa State; Abuja Municipal, Gwagwalada, Kubwa, Nyanya and Wuse in the FCT; Birnin Kebbi and Argungu in Kebbi State; Bako in Kogi State; and Keffi, Lafia, Karu and Toto in Nasarawa State.
The warning also covered Jos and Jos North in Plateau State, as well as Jalingo, Wukari, Takum, Serti and Karim Lamido in Taraba State.
News
Finally, INEC confirms suspension of staff linked to Emeka Ike’s voter data leak
Finally, the Independent National Electoral Commission, INEC, has confirmed suspended an electoral officer allegedly involved in the voter data leak concerning Nollywood actor and politician, Emeka Ike.
The Commission disclosed that investigations by security agencies and data protection regulators are still ongoing.
INEC National Commissioner and Chairman of the Information and Voter Education Committee, Mohammed Haruna, made the disclosure during a fireside chat organised by the Peering Advocacy and Advancement Centre in Africa, PAACA, in Abuja.
The suspension came against the backdrop of a controversy that arose after the voter registration details of actor and politician, Emeka Ike, surfaced online during a dispute linked to a political party primary election in the Federal Capital Territory.
The electoral body said preliminary findings showed there was no external breach of its ICT infrastructure or compromise of its voter register.
Rather, according to the Commission, the data was allegedly accessed using valid credentials assigned to officials involved in the ongoing CVR exercise and subsequently disclosed without authorisation.
INEC said its audit trail enabled investigators to identify the specific user account used to access the voter record, leading to the questioning of personnel with access to the system.
News
Again, Dangote Refinery reduces fuel price
Dangote Refinery has again reduced its gantry petrol price nationwide to N1,125 per litre from N1,175 per litre.
The spokesperson of Dangote Group, Anthony Chijiena, confirmed the latest reduction to DAILY POST on Thursday.
This means that the refinery dropped its petrol gantry price by N50 per litre.
“It is true our petrol gantry price was reduced by N50 per litre,” Chijiena told DAILY POST.
Similarly, the coastal petrol supply price of Dangote Refinery decreased from N1,495,215 per metric tonne to N1,428,165 per metric tonne.
The development comes as crude oil prices dropped significantly to $69 and $73 per barrel, the same rates as pre-Middle East crisis times.
Recall that on June 16, the Dangote Refinery had reduced its gantry petrol price by N75 per litre, triggering a nationwide retail fuel reduction days later. This brought the total price reduction by Dangote Refinery in two weeks since global prices eased to N125 per litre.
Currently retail fuel prices stand at between N1,241 and N1,305 per litre in Abuja and its environs.
However, Nigerians are clamouring for a further drop in retail fuel to around N800 and N900 per litre, the rate before the Iran-United States-Israel war, which escalated on February 28, 2026.
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