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Presidency: Why Tinubu announced removal of petrol subsidy on his inauguration

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The  special adviser to the president on information and strategy, Bayo Onanuga, has said that President Bola Tinubu acted in the best interest of Nigerians by announcing the removal of the petrol subsidy on the day of his inauguration on May 29, 2023.

 

Onanuga said Nigeria was in serious financial trouble which prompted the president to act quickly before things got worse.

 

The presidential aide was reacting to an interview granted by Babachir Lawal, a former secretary to the government of the federation (SGF), who said the announcement of subsidy removal by Tinubu a few minutes after his inauguration was hasty and driven by arrogance without due consultations with relevant stakeholders.

 

While justifying  Tinubu’s action, Onanuga said there was no provision for subsidy in the budget left behind by former President Muhammadu Buhari.

 

He added that the country was in dire financial straits as the Nigerian National Petroleum Corporation (NNPC) could no longer import petrol due to N4 trillion debt owed by the federal government.

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“Is Babachir still talking? Well, that is his opinion that the subsidy was hastily removed,” Onanuga said.

 

“The truth is, the subsidy was meant to be removed by the end of June 2023 according to what former president, Muhammadu Buhari left behind.

 

“President Tinubu only announced it on May 29 on the day he was sworn in. That is to show you that something is wrong somewhere and that the nation had a problem at that time.

 

“What I find out is that Nigerians easily forget things, we have a short memory about things. They should cast their minds back to what happened at that period. The NNPCL was saying the government was owing them N4tr of subsidy money. NNPCL was the only importer of fuel and towards the general elections, fuel scarcity was all over the country.

 

“Due to the scarcity, in some places, fuel was selling for about N700 – N800 before President Tinubu was sworn in. NNPCL didn’t have money to import fuel because they were being owed over N4tr by the federal government. People have easily forgotten about that.”

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Onanuga said the country would have been in deeper problems if Tinubu did not act swiftly to address the situation.

“Tinubu knew the problem and that was why he made the announcement on the day of his inauguration. The language he used was ‘Subsidy is gone’ because even in the budget, there was no provision for it,” he said.

 

“I will challenge journalists to go and check that budget, when you look at that budget made by Buhari before leaving office, you will find out that aside no provision for subsidy, 97 percent of our income will be spent on servicing debts. If 97 percent of budget is used to service debts, what is left for Nigerians to spend?

 

“That 97 percent budgeted for debt servicing does not include the money the federal government owe the NNPCL. There were serious problems then and Tinubu just needed to do something quickly to arrest the deterioration.

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“You can see what has happened in the last nine months with those measures he took. Yes, those measures are painful but they are needed to reset the economy and financials of this country. Otherwise, we would have ended into a much more disastrous situation.”

 

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Arsenal beat Sunderland to move nine points clear

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Arsenal moved closer to a first Premier League title for 22 years after a 3-0 victory over Sunderland took the Gunners nine points clear at the top of the table.

Martin Zubimendi’s long-range drive just before half-time settled the nerves of the home crowd at the Emirates Stadium before Viktor Gyokeres struck twice to quieten his critics.

Manchester City can reduce the gap at the top back to six points should they end a wait since 2003 to beat Liverpool at Anfield in front of a crowd on Sunday.

But after three consecutive second-placed finishes, it appears a matter of when, not if, Mikel Arteta’s men will finally be crowned champions.

Defeat dented Sunderland’s dream of European football on their first season back in the top flight.

Regis Le Bris’ side showed why they sit eighth with a dogged first-half showing that left the Arsenal crowd again bemoaning a lack of creativity from open play.

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However, Zubimendi picked the lock of the Black Cats’ defence with a crisp strike from outside the box that clipped the inside of the post on its way in for the sixth goal of his impressive debut season in English football.

Gyokeres has attracted plenty of criticism for failing to replicate his free-scoring form at Sporting Lisbon in the Premier League.

But the Sweden international is the club’s top scorer and took his tally for the season to 13 in all competitions.

Gyokeres made the points safe when his powerful drive from Kai Havertz’s pass had too much power for Robin Roefs 25 minutes from time.

He was then presented with an open goal by Gabriel Martinelli in stoppage time.

The shine was taken off Arsenal’s day late on when Leandro Trossard was forced off through injury.

Arteta needs as many players available as possible, with Arsenal still competing in four competitions.

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Arsenal face City in the League Cup final next month, host Wigan in the fourth round of the FA Cup, and cruised into the Champions League last 16 with eight wins from eight games in the league phase.

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Tinubu, governors present as Bello Matawalle’s 10 children wed in Abuja

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President Bola Tinubu,  President Carlos Manuel Vila Nova of the Democratic Republic of São Tomé and Príncipe and several governors were among the dignitaries who attended the wedding of the children of Bello Matawalle, minister of state for defence.

Matawalle celebrated the weddings of his ten children, five daughters and five sons, at the National Mosque, Abuja, on Friday.

The minister gave away his daughters—Maryam, Safiyya, Farida, Nana Firdausi, and Aisha—while his sons—Ibrahim, Abdul Jalal, Surajo, Bello, and Fahad—also tied the knot.

The Islamic ceremony was officiated by Imam Luqman Zakariyah, who prayed for Allah’s blessings on the marriages and for success in the couples’ future lives.

Tinubu received the brides on behalf of the Matawalle family, welcoming them into their new homes.

The high-profile wedding attracted the crème de la crème of Nigerian politics.

Notable dignitaries in attendance included Deputy Senate President Barau Jibrin and Ibrahim Masari, Senior Special Assistant on Political Affairs.

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Several governors were also present, including Ahmad Aliyu of Sokoto, Umar Namadi of Jigawa, and Nasir Idris of Kebbi.

In a post via X, Matawalle expressed his deep gratitude to Tinubu and Vila Nova for attending the ceremony, describing their presence as a rare and honourable privilege.

He further appreciated all dignitaries, family, friends, and well-wishers who joined physically or in prayers, wishing them safe journeys back to their destinations.

“Today, I am deeply honoured and profoundly grateful to His Excellency, President Bola Ahmed Tinubu, GCFR, for graciously serving as Wali at the wedding Fātiḥa of my children, held at the National Mosque, Abuja. I remain sincerely honoured by this rare privilege,” he wrote.”

“In addition, the presence of the President of the Democratic Republic of São Tomé and Príncipe, His Excellency President Carlos Vila Nova, added immense meaning to this joyous occasion, and I deeply appreciated it.

“I also wish to extend my heartfelt appreciation to everyone who joined us physically and in prayers to share in our joy. Your presence, prayers, and goodwill are truly cherished and deeply appreciated.

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“To my esteemed colleagues in the Federal Executive Council, Governors, members of the National Assembly, friends, family members, and well-wishers from across the nation, I am eternally grateful for the overwhelming love and kindness shown to me and my family.

“I also pray that Allah rewards abundantly all those who travelled from far and near to celebrate with us, and I ask Allah to grant you a safe and peaceful journey back to your respective destinations.”

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APC is my natural home, says Iyabo Obasanjo

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Iyabo Obasanjo, daughter of ex-President Olusegun Obasanjo, has confirmed her membership in the All Progressives Congress (APC) in Ogun state.

Iyabo spoke on Saturday during an interactive programme on Eagle7 Sports Radio 103.7 FM, anchored by Segun Odegbami.

Explaining her return to politics, Iyabo said the decision was driven by sustained pressure from supporters.

“Like I told you, a group of people who I did not bring together, I did not form them into a group, have been working, I think, for two years now,” she said.

“And then they started talking to me about a year ago, saying, ‘Look, we think you are the best candidate. We want you back.’”

She said she could not return to the Peoples Democratic Party (PDP), where she previously contested elections, citing internal crises.

“I could not go back to the PDP because of all kinds of turmoil,” she said.

Iyabo disclosed that she also considered the African Democratic Congress (ADC), but said the party was not yet fully organised.

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“The ADC was another option, but they don’t have their ducks in a row yet; they’re still working on it,” she said.

According to her, those who encouraged her return to politics are now members of the APC, a factor that influenced her decision after wide consultations.

“So, I think APC is my natural home. I don’t have any animosity towards any individual or any group within the APC,” she said.

“I feel more comfortable with all the actors I know within the APC… I feel more comfortable, actually, than with some of the actors I know in the PDP, and some of them are now in the ADC.

“So I think it’s my natural home. I feel quite confident and happy to have made that decision.

“I have an absolute 100% feeling it’s my natural home.”

Iyabo represented the Ogun central senatorial district between 2007 and 2011. She lost her re-election bid in 2011 to Gbenga Obadara of the then Action Congress of Nigeria (ACN).

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She later relocated to the United States, where she pursued an academic career and rose to the rank of professor. She is also a former commissioner for health in Ogun.

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