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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.

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Governor Adeleke is not Joining ADC Nor Aligning with Anyone in ADC- Spokesperson

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Gov Ademola Adeleke of Osun state

By David Owei, Bayelsa

Governor Ademola Adeleke is not defecting to African Democratic Congress (ADC) nor aligning with anybody within the ADC ahead of the 2026 state elections, his Spokesperson, Mallam Olawale Rasheed has disclosed.

Responding to media publication and enquiries, the Spokesperson affirmed that Governor Adeleke remains in Peoples Democratic Party (PDP) and is going to win, with wide margins, the 2026 governorship elections on the platform of the PDP.

The statement reads further: “Our attention has been drawn to news reports and media enquiries about the imminent defection of Governor Adeleke to the ADC or alignment with ADC big wigs ahead of the 2026 governorship race. There is no truth in those publications and speculations.

“First of all, we, the PDP Osun, have already adopted and endorsed President Bola Ahmed Tinubu for the 2027 presidential election, so there is no alliance with ADC.

“Secondly, Governor Adeleke has no alliance with anyone in ADC. He remains in PDP, will run in PDP, and needs no alliance with ADC to win with a wide margin in 2026.

“The Osun electorate supports Governor Adeleke because of his impressive performance since he came to office. That good work is still ongoing and Osun people are committed to sustaining the delivery of good governance by re-electing Governor Adeleke in 2026”, the Spokesperson was quoted as saying.

Governor Adeleke urges PDP members to forge ahead with the ongoing strengthening of the party structures across all levels to prepare for fresh victory next year”, the statement from the Spokesperson concluded.

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INC rejects bill granting exclusive co-chairmanship to Ooni, Sultan

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Second Vice Chairman of the Ijaw National Congress (INC), Chief Alabo Nengi James

By David Owei,Bayelsa

The umbrella body of Ijaw Elders, the Ijaw National Congress (INC) has rejected the Bill in the Senate seeking to permanently elevate the Ooni of Ife and Sultan of Sokoto as the exclusive Co-chairmen of the Traditional Rulers Council.

The INC said the move would be at the expense of apex traditional rulers from other ethnic nationalities and geopolitical divides.

The Second Vice Chairman of the Ijaw National Congress (INC), Chief Alabo Nengi James (OON) said, in a statement on Sunday in Odi, Kolokuma/Opokuma Local Government area of Bayelsa State, the proposal is a continuos infringement on Traditional Rulers in Nigeria.

Alabo Nengi James describes the provision of the Bill as unacceptable and against the Rights of the indigenous People across tribes, Religion, Culture and Customs.

He said the Bill should be reviewed to include clauses such as No permanent Chairmanship for Sultan and Oni only must be allowed in the ongoing bill being discussed in the Senate.

He advocates that the National Assembly should allow the National Council of Traditional Rulers to Appoint their Leadership themselves, rotationaly and based on Federal Character.

“Include the Role of Traditional Rulers into the Constitutio and No Traditional Ruler from another tribe or religion is superior to another.”

“The National Assembly should Step down the Provocative and dehumanizing offensive Bill that will cause a serious rift and breach of peace in Nigeria.”

Chief James called the attention of the Senate President, Rt. Hon. Godswill Akpabio, urging him to immediately step down what he termed a “highly insensitive and dangerous bill.”

He emphasized that traditional rulers across the country must be given equal recognition and should be allowed to choose their national leadership through internal mechanisms that reflect rotational leadership and the federal character system.

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Alleged Deportation of Nigerians in Ghana: Sen Aniekan urges Nigerians to remain 

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Senate in session in the chamber
By George Mgbeleke
The attention of the Senate Committee on Diaspora and Non-Governmental Organisations (NGOs)  has been drawn to a disturbing video on social media showing a protest by some Ghanaians calling on the authority to send Nigerians back to Nigeria alleging that their behaviours and attitudes were not in conformity with the norms of Ghana.
In a statement,Chairman Senate Committee on Senate Committee on Diaspora and Non-Governmental Organisations (NGOs) Senator Bassey Aniekan, “the widespread indignation against Nigerians living in Ghana and branding them as criminals should be condemned by all.”
He reiterated that Nigerians are hardworking people and not criminals as purported  and are good ambassadors wherever they find themselves.
He added that while not denying the fact that there may be some bad individuals amongst them, the generality of Nigerians he stressed, are peaceful and law abiding people.
Furthermore, he pointed out the long standing relationship and partnership, the two countries have had over the years emphasizing that Ghana and Nigeria are brothers and  in the spirit of ECOWAS and regional integration, should continue to live in peace, stressing that dialogue has proven countless times to be a tool for peace and should be deployed.
The Senate Committee Chair on Diaspora and NGOs appealed for calm and urged Nigerians living in Ghana to exercise restraint, avoid provocation restraint, of any sort and to resist reprisal attacks as the issue is being handled.
Senator Aniekan confirmed that he had received reports that the issue is being addressed at the diplomatic level by the Minister of State Foreign Affairs, Ambassador Bianca Ojukwu.
He cautioned against the use of inciteful words by individuals on both sides, as  such statements are capable of aggravating the problem and further putting pressure on an already tensed atmosphere.
Senator Bassey Aniekan, also advised Nigerians to disregard the videos trending on line that Nigerians’ shops and properties are being destroyed by Ghanaians as there is no evidence to buttress such claims.
The Chairman applauded Ghanaian and  Nigerian High  Commissioners for their efforts to control the situation, adding that the Minister of State, Foreign Affairs , has also been in touch with Ghanaian authorities and had taken some pro- active measures to put the situation under control.
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