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Tinubu Blows Hot, Says Nigerians Living Fake Good Life Before Fuel Subsidy Removal
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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 fuel subsidy.
The President explained that the need to salvage the future of the country and rescue it from the brink of collapse necessitated the strategic decisions to remove the controversial fuel subsidy and unify the exchange rates.
He spoke at the weekend during the 34th and 35th combined convocation ceremonies of the Federal University of Technology Akure (FUTA) in Ondo State.
The President, represented by the Vice Chancellor of the University of Ilorin, Professor Wahab Egbewole, said that his administration was not unaware of the consequences of the tough decision to remove the subsidy
“As you are all aware, we took the baton of authority at a time when our economy was nose-diving as a result of heavy debts from fuel and dollar subsidies.
“The subsidies were meant to support the poor and make life better for all Nigerians. We are all aware of the fact that the poor and average Nigerians were the sufferers of what was supposed to give them succor and improved standard of living.
“Unfortunately, the good life we thought we were living was a fake one that was capable of leading the country to a total collapse unless drastic efforts were urgently taken.
“The need to salvage the future of our children and bring the country back from the brink of collapse necessitated the strategic decisions to remove the fuel subsidy and also unify the exchange rates,” he said.
Tinubu, who further noted that the policy of the fuel subsidy removal was already yielding results, stated that the country’s economy was also improving daily.
According to the president, while Nigeria’s macro economy is improving beyond expectations, the micro-economic framework is gradually stabilizing by shaping the country from consumption-driven to production economy.
The President called on the graduands to join hands together with his administration “to recover our lost glory and virtues.”
He also condemned the mass exodus of the youths leaving the country to seek “proverbial greener pastures,” observing that their action has led to brain drain in all sectors of the nation’s economy.
“Many of our youths have chosen the supposed easy option of emigrating to the proverbial greener pastures where their citizens had rolled up their sleeves to bring their nations back from the brinks in their times of trouble.
“Our intellectuals and experts on whom the nation has massively invested huge resources to train in the interest of our country are migrating overseas in large numbers at a time their services are most required at home.
“It is heart-rending and the syndrome is not the solution to our problems. We are not Nigerians by accident, and I believe that the Almighty God who made us Nigerians has given us the required wisdom to turn things around for our betterment.
“The present challenges call for a high degree of patriotism and I can assure all Nigerians that there is light at the end of the tunnel. After rain comes sunshine. The brighter days are almost here. The Renewed Hope Agenda is on track and we shall not deviate on the path of better and greater Nigeria,” he said.
The Vice Chancellor of FUTA, Prof. Adenike Oladiji, said that there were a total of 6,405 graduates across nine schools of study from the combined 2022/2023 and 2023/2024 academic sessions convocation.
Oladiji said that 519 graduands had First Class, 3,408 got Second Class Upper; 2139 had Second Lower Class, while 339 graduands were in the Third Class category.
She said that the university’s mandate was to carry out adequate learning and teaching, with research works, for development of the society, adding that the institution had had landslide victory and achievements, cutting across human endeavours.
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Rivers traditional ruler narrowly escapes assassin’s bullets as hoodlums shoot at his palace
The Amadabo of Finima in Bonny local government area of Rivers State, HRH Aseme Alabo Dagogo Lambert Brown in the early hours of today, August 22, 2026 narroy escaped an assassination attempt on his life.
However, the Amadabo was not at home when the blood thirsty hoodlums fired sporadically at the building housing the living rooms of the monarch and other households.
Unfortunately, some members were seriously injured and rushed to hospitals for emergency medical attention.
Condemning the heinous crime, Aseme Alabo Dagogo Lambert Brown stated that they had received intelligence reports of importation of hoodlums into the community.
He blamed the Bonny Traditional Authorities of sponsoring a faction of Tobin House to cause mayhem.
He called on law enforcement agencies to urgently investigate the matter and bring perpetrators.
Transcript of the attached voice.
“It is very painful and regretful of what I see today in Finima.
We have envisaged this. We live in the community, we have the intelligence, information is coming here and there, and we communicated same intelligence to the security agencies that we are having mercenaries imported into Finima for the sake of a strange event that wants to happen.
Must all of us die because one faction of the Tobin house in Finima, being sponsored by the Bonny Traditional Authorities, wants to perform things that are strange in Finima?
God will never allow that to happen. God will never allow—we saw it. All this happening is to intimidate me and my people for saying this is not how we are living as a people. We live as one people. All the cultural institutions are in full participation by the chieftaincy houses in Finima. There’s no separation.
Why? Because we want to avoid any rivalry group or things that will cause disunity in Finima. That is how our upgrowing—that’s how we’ve grown up in Finima.
And these are one of the outcomes, very regretful. I want to appeal to the law enforcement agencies today that people behind this heinous act are culprits—people, culprits to this heinous act—are arrested and prosecuted.
News
Photos: 15 years after, Apo-Karshi Road for inauguration in December – Wike
Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, says the long-delayed Apo-Karshi road will finally be completed and handed over by November, putting an end to a 15-year wait for residents in the axis.
Wike gave the assurance in Abuja on Saturday, after inspecting the progress of the project as well as the 14-kilometre Bwari Kubwa Road.
He explained that the 13.5-kilometer road, originally awarded in 2011 under previous administrations, has been a major point of frustration for motorists experiencing daily traffic congestion between satellite communities and the Abuja city center.
He explained that the current administration was forced to revoke the original contract due to persistent delays and re-award it to construction firm SCC Nigeria Ltd.
“The Apo-Karshi road has been a topical issue. It was awarded in 2010, one of those projects President Bola Tinubu inherited.
“Because of its importance and the complaints by residents, we had to terminate the contract and award it to SCC, which we know has the capacity to complete the job.
“Residents who have been crying for years can now see that this government has come to their aid,” he said.
The minister praised the contractor for maintaining progress on-site regardless of funding cycles, reaffirming the government’s commitment to honoring its financial obligations.
The minister also inspected the ongoing construction of the 14-kilometre Bwari-Kubwa road, stressing that the contractor had promised to deliver the critical road in December.
He emphasised that the tangible delivery of infrastructure projects serves as the strongest argument for the administration’s governance model, downplaying traditional political campaigning in favor of visible results.
“When people ask me about campaigns, I say, ‘What is campaign? See the campaign. Campaign is about what you have done for the people and what the government has to show.
“It is not about promises; it is about taking action that positively impacts lives,” he said.
With multiple road networks approaching completion across the FCT, the minister expressed confidence that the administration would surpass its initial 10 projects target for inauguration between December and January 2027.
News
BREAKING: 38 year former world champion boxer, Zolani Tete shot dead in South Africa
Ex-world champion boxer Zolani Tete has been shot dead outside his home in South Africa at the age of 38.
This ugly development happened in Mdantsane, Eastern Cape, as Zolani Tete arrived at his residence and waited for the gate to open.
According to the police, two armed men wearing balaclavas stepped out of a vehicle and opened fire on the boxer.
A 27-year-old woman who was travelling with Tete was also shot several times and taken to hospital for treatment.
South Africa’s Minister of Sports, Arts and Culture, Gayton McKenzie, confirmed Tete’s death on Friday.
McKenzie expressed caution over speculation about the motive behind the attack, saying “I will not speculate about who did this or why.”
Police have launched an investigation, but no motive has been established and no details about possible suspects have been released.
Zolani Tete , who was nicknamed “Last Born”, became widely known in boxing for his remarkable 11-second knockout of fellow South African Siboniso Gonya in Belfast in November 2017.
The knockout remains one of the fastest stoppages in a world title fight.
Tete achieved it while defending his WBO bantamweight title, which he had won earlier that year and held until 2019.
The southpaw boxer had previously captured the IBF junior-bantamweight title in 2014 after defeating Japan’s Teiru Kinoshita in Kobe.
Earlier in his career, Tete had also held the minor WBF flyweight title.
Zolani Tete’s death came only weeks after he completed a four-year ban from boxing following a positive test for the banned anabolic steroid stanozolol after his 2022 bout against Jason Cunningham.
His suspension ended on July 29, and he had been preparing to make a return to professional boxing before his death.
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