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Tinubu reveals how money from fuel subsidy removal are being used

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President Bola Ahmed Tinubu
By Our Reporter
President Bola Ahmed Tinubu has declared that savings from fuel subsidy removal are now being effectively channeled into the development of critical infrastructure required by the nation, social safety nets aimed at cushioning and easing the pains of economic reforms and the hardship it has brought on the citizens.
He explained that the funds are being strictly monitored and carefully managed to build public confidence and trust in the activities and programmes of the present administration and has become a signpost to what the future holds for the nation as it affects economic growth.
The President spoke through the Minister of State for Finance, Mrs. Doris Uzoka at the Conference on Public Accounts and Fiscal Governance organised jointly by the accounts committees of the Senate and House of Representatives of the 10th National Assembly at the Transcorp Hilton Hotel, Abuja.
President Tinubu remarked that although the removal of petrol subsidy was very painful,  it was necessary to curtail the rising corruption in the petrol sector and to help redirect national resources to more gainful areas where finds will benefit all rather than a few profiteers.
Nigeria spent more than N4trillion on fuel subsidy in year 2022 alone, more than was allocated to capital projects but the huge expenditure did not guarantee availability or market stability for petroleum products in the country.
The President assured that the subsidy savings have been properly channelled into building infrastructures and the expansion of the social safety net that targets vulnerable people in the society apart from financing critical projects across the country.
He assured that the nation has become stronger today financially than it was under the past administration stating also that the country has confidently withstood many external shocks and is steadily moving on a more defined route to self-reliance.
Chairman, Senate Public Accounts Committee (SPAC),  Sen. Aliyu Ahmed Wadada told the gathering during g thr opening ceremony that the conference and issues outlined for discussion touches on the heart of Nigeria’s economic stability, institutional integrity and social transformation.
While stating that fiscal governance is more than technical concepts,  Wadada said it determines whether government revenue becomes national prosperity or lost opportunities pointing out that as it stands today, Nigeria must quickly reexamine and reimagine its fiscal framework especially in this era of global uncertainties, dwindling revenues and public trust deficits.
He concluded by stating that the nation must establish a culture of fiscal discipline anchored on transparency,  accountability and citizen focused service delivery in order to survive the challening times.
The Chairman, House of Representatives Committee on Public Accounts,  Hon. Bamidele Salam in his opening remarks stated that the conference theme: “Fiscal Governance in Nigeria,  charting a new course for transparency and sustainable development,” was carefully chosen to emphasise the nation’s quest for better accountability,  transparency and sustainable development in the managementof its financial resources.
“It is our collective responsibilities to ensure that public resources are managed in a lawful, transparent,  prudent,  judicious, accountable and efficient manner. This becomes even more expedient if one considers the dwindling resources, booming population, increasing rate of youth unemployment and the huge deficit in our infrastructure and social service systems especially in the last two decades,” Salam remarked.
He acknowledged the various initiatives and reforms embarked upon by the present administration to enhance public revenue generation, remove wastage and address various economic and social challenges under the Renewed Hope Agenda of President Bola Ahmed Tinubu.
Salam however stated that the nation must unite around the common agenda of combating institutionalised corruption, impunity and flagrant abuse of due process in public sector financial management, stating that it has become more urgent today than it was in the past.
He said that Nigeria’s future and its overall progress and survival cannot be separated from sound financial administration, assuring that the conference will hopefully provide solutions to the tirade of problems facing budgeting, and prudent financial management in the country.
“As Africa ‘s largest economy and the most populous black nation on earth, Nigeria must play a leading role in the economic emancipation of this continent and there is no way to achieve this without making very concerted, conscious efforts to recalibrate our fiscal responsibility systems and improve on our global transparency index,” Salam concluded.

Politics

APC withdraws petition challenging Gov.Adeleke’s Victory

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Gov Ademola Adeleke of Osun state

By Our Correspondent

In dramatic twice the All Progressives Congress (APC) has filed an application seeking to withdraw the petition challenging the victory of Governor Ademola Adeleke.

The withdrawal came amid conflicting positions within the party’s legal team over whether the
APC had authorised the petition challenging the outcome of the August 15 governorship election.

Daily Champion reports that the APC, and the Peoples Democratic Party, PDP, challenged the outcome of the August 15, 2026, Osun Gubernatorial elections.

The APC’s petition, marked EPT/OS/GOV/01/2026, which was filed by its governorship candidate, Bola Oyebamiji, listed Adeleke, the Accord, and the Independent National Electoral Commission, INEC, as respondents in the petition challenging the election outcome.

Meanwhile, a Notice of Motion to Withdraw Petition dated September 8, 2026, filed by a counsel for APC, Barrister Oluseyi Oyagbile, before the Osun State Governorship Election Petition Tribunal, indicated the petitioners’ decision to discontinue the case.

The document seeks an order of the tribunal permitting the petitioners to withdraw the election petition.

However, an APC legal team led by Abiodun Layonu, SAN, had earlier disowned the petition, insisting that the party and its candidate had decided not to challenge Adeleke’s victory at the tribunal.

Also, the APC campaign council distanced itself from reports claiming that its governorship candidate, Oyebamiji (AMBO), filed a petition challenging the outcome of the August 15, 2026 governorship election at the Election Petition Tribunal.

A statement made available by the campaign spokesperson, said, “We state categorically that neither the All Progressives Congress ( APC) nor its governorship candidate, Asiwaju Munirudeen Bola Oyebamiji (AMBO) filed any petition at the tribunal challenging the outcome of the August 15 governorship election.

“The purported claim is therefore completely untrue and should be regarded as nothing more than a rumour being circulated by individuals seeking to mislead members of the public and create unnecessary tension.

“We urge members of the public, supporters of our great party and the media to discountenance the claim and refrain from giving credibility to unverified information designed to cause confusion.

“The APC and Asiwaju Munirudeen Bola Oyebamiji remain committed to lawful and democratic processes and will continue to act responsibly in the interest of peace, stability and the good people of Osun State.

“We urge the public to rely only on official statements from the APC and the Campaign Council on matters concerning the party, its candidate and the outcome of the August 15 governorship election.”

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APC chieftain demands probe, prosecution of Atiku over $40M, SIEMENS, SPV allegations

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By Our Correspondent

A chieftain of the All Progressives Congress (APC), Ntufam Hilliard Eta, has called on the nation’s anti-corruption agencies to fully investigate allegations and petitions against former Vice-President Atiku Abubakar and prosecute him if evidence establishes any criminal offence.
Addressing journalists in Abuja on Tuesday at the APC National Secretariat, Eta said the call was driven by the principle of accountability, not political considerations.
He stressed that public office must never become a shield against scrutiny and that political ambition should not stop institutions from acting on credible allegations.
The APC chieftain said he was not asking for a conviction in the court of public opinion, but that the evidence be subjected to the process of court of law. “That distinction is fundamental,” he stated.
Eta referenced a petition reportedly received by the EFCC on September 1, 2026, calling for the reopening of financial-crime allegations against Atiku dating back to investigations conducted around 2005-2006.
He also cited renewed discussions around a 2010 United States Senate report on suspicious financial transactions.
Eta noted that while the report was not a criminal conviction, the allegations contained in it were serious enough to warrant examination by Nigerian authorities.
According to him, the first set of allegations concern the movement of more than US$40 million in suspect funds into the United States between 2000 and 2008 through offshore corporations linked to Jennifer Douglas, Atiku’s wife. The Senate report said about US$25 million was transferred into U.S. accounts opened by Douglas.
The second allegation concerns payments connected to Siemens AG. Eta said the Senate report stated that Douglas received at least US$1.7 million in alleged bribe payments, while an SEC civil complaint alleged US$2.8 million in bribe payments from Siemens.
He stressed that these were allegations contained in historical records, not convictions.
Third, Eta mentioned questions over approximately US$14 million transferred by offshore corporations to American University for consulting services related to the university’s establishment in Nigeria, as examined in the Senate report.
He also listed allegations of the use of Special Purpose Vehicles, SPVs, to divert public funds during Atiku’s tenure as Vice-President from 1999 to 2007. These resurfaced in 2023 following claims by Michael Achimugu and a petition by Festus Keyamo to the EFCC, ICPC and CCB.
Other allegations, he said, border on money laundering, criminal breach of trust, criminal misappropriation, conspiracy and possible violations of the Code of Conduct, as well as questions concerning accounts associated with Marine Float and other companies.
Eta argued that allowing allegations of this magnitude to become mere political ammunition during an election season is dangerous and he said the same standard of accountability must apply to government and opposition figures alike.
He therefore called on the EFCC and other competent authorities to examine every credible petition, obtain relevant records, invite appropriate persons and “follow the money” without fear or favour.
“A serious democracy asks: Was a crime committed? Is there admissible evidence? If yes, prosecution should follow. If no, the matter should be closed,” Eta said, adding, “No sacred cows. No political immunity. No selective justice. Just evidence, due process and the law.”

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Nigerian Politics Becoming Less Violent, Says Gov Diri As CBM Holds Bayelsa Retreat

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By David Owei

Governor of Bayelsa State, Senator Douye Diri, has observed that the political arena in Nigeria was shifting from violence and intimidation to knowledge-based politics.

Speaking during the State Working Committee Retreat of the City Boy Movement (CBM) in Yenagoa, Governor Diri lauded the socio-political group for leading the paradigm shift, insisting that politics should never be about violence.

He noted that while the CBM had been vocal about the re-election of President Bola Tinubu in next year’s election, he urged its members to work with the structures of the All Progressives Congress (APC) in the state and at the national level.

The Bayelsa governor described the movement as strategic and advised it to go beyond social media advocacy to grassroots mobilisation.

Explaining why he pitched tents with the APC, Diri recalled how President Tinubu supported the state’s development by approving the construction of the second phase of the Nembe-Brass road and that he also granted waivers for the state’s imported gas turbines, stressing that the President deserved the support of the people of Bayelsa.

He also restated his position on a restructured Nigeria, saying democracy thrives only when there was justice and fairness, and that given his antecedence, Tinubu was the right man to restructure Nigeria.

His words: “The use of guns and intimidation is giving way to knowledge-based electoral process and I commend the City Boy Movement for this. We are not animals and we do not need to be flogged before we move. I am happy that gradually our politics is changing for the better.

“All of the various support groups must know that the party structure is the number one structure and I am happy that the City Boy Movement is working with the party.

“In this state, APC is a no-go area. Our chances of winning the 2027 election is very high.

“This is one good thing I have seen that a youth group coming together to strategise for an election. We all want our President to come back but it wild not happen by chance. We all have to play our roles not just on social media but at the grassroots. It is our duty to go from door to door.

“President Tinubu has supported the development of Bayelsa State and deserves the support of the people. He responded swiftly to the request for the second phase of the Nembe-Brass road and also gave us waivers for the gas turbines.

“I am an advocate of restructuring and President Tinubu is doing things that people had not succeeded in doing such as state policing. For us in Bayelsa, we want to control our resources and pay tax to the centre and I believe that if we must acheive that, this President is one we must follow. We have seen a President who is stable and capable. Let us allow him to complete his second term.”

In his remarks, Bayelsa State APC chairman, Hon. Warman Ogoriba, thanked Governor Diri for his support to the party, saying the APC decided to be strategic rather than joining issues with people or other parties.

Ogoriba said the APC parades the best candidates and that the party will mobilise to ensure victory for them in the 2027 elections.

In a welcome address, Bayelsa State Director of the City Boy Movement, High Chief Osomkime Blankson, said the retreat was to strategise for the re-election of President Tinubu as he deserved a second term by reason of his performance and achievements.

He expressed appreciation to the governor for his supportive leadership and commitment to peace and development of the state.

Also, the Director-General of the City Boy Movement, Mr. Francis Shoga, described Tinubu as a courageous leader who has taken painful but beneficial decisions and that the movement would take the achievements of his administration to the grassroots.

He thanked the people of Bayelsa for their support, expressing optimism that the state would contribute significantly to the potential 10 million youth votes of the movement for Tinubu.

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