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Fuel subisdy is gone – Tinubu

Nigeria’s new President, Bola Tinubu says the era of subsidy payment on fuel has ended.
Tinubu who made the assertion while delivering his inaugural speech as the 16th President of Nigeria also disclosed that his team will disclose the key aspect of the economic policy for his administration.
The fuel subsidy is gone,” Tinubu declared in his inaugural speech at the Eagle Square on Monday after he was sworn in as Nigeria’s 16th President.
His words: “We commend the decision of the outgoing administration in phasing out the petrol subsidy regime which has increasingly favoured the rich more than the poor. Subsidy can no longer justify its ever-increasing costs in the wake of drying resources.
“We shall instead re-channel the funds into better investment in public infrastructure, education, health care and jobs that will materially improve the lives of millions.”
Tinubu said his government shall instead channel funds into infrastructure and other areas to strengthen the economy, adding that a “unified exchange rate” is guaranteed under his administration.
He also spoke on revamping Nigeria’s economy by ensuring budgetary reforms and promised to make electricity more accessible by encouraging various state governments to participate in power generation.
Furthermore, the former Lagos State governor vowed to rid Nigeria of terrorism and criminality.
“Security shall be top of our administration,” he said, adding that he will reform security architecture, invest more in security personnel, better training and provide better equipment for security personnel.
He added that his government will review various multiple taxations.
BELOW IS THE FULL STATEMENT
President Bola Tinubu
President Bola Tinubu, on Monday, delivered his inaugural address at Eagle Square, Abuja.
The Oath of Office was administered by the Chief Justice of Nigeria, Kayode Ariwoola.
Below is the full text.
My Fellow Citizens,
I stand before you honoured to assume the sacred mandate you have given me. My love for this nation is abiding. My confidence in its people, unwavering. And my faith in God Almighty, absolute. I know that His hand shall provide the needed moral strength and clarity of purpose in those instances when we seem to have reached the limits of our human capacity.
This day is bold and majestic yet bright and full of spirit, as is our precious nation.
As a nation, we have long ago decided to march beyond the dimness of night into the open day of renewed national hope.
The question we now ask ourselves is whether to remain faithful to the work inherent in building a better society or retreat into the shadows of our unmet potential.
For me, there is but one answer. We are too great a nation and too grounded as a people to rob ourselves of our finest destiny.
This nation’s journey has been shaped by the prayers of millions, and the collective sacrifices of us all.
We have endured hardships that would have made other societies crumble.
Yet, we have shouldered the heavy burden to arrive at this SUBLIME moment where the prospect of a better future merges with our improved capacity to create that future.
To the surprise of many but not to ourselves, we have more firmly established this land as a democracy in both word and deed.
The peaceful transition from one government to another is now our political tradition. This handover symbolizes our trust in God, our enduring faith in representative governance and our belief in our ability to reshape this nation into the society it was always meant to be.
Here, permit me to say a few words to my predecessor, President Muhammadu Buhari. Mr President, you have been an honest, patriotic leader who has done his best for the nation you love. On a more personal note, you are a worthy partner and friend. May History be kind to you.
For many years, Nigeria’s critics have trafficked the rumour that our nation will break apart, even perish.
Yet here we are. We have stumbled at times, but our resilience and diversity have kept us going.
Our burdens may make us bend at times, but they shall never break us.
Instead, we stand forth as Africa’s most populous nation and as the best hope and strongest champion of the Black Race.
As citizens, we declare as one unified people devoted to one unified national cause, that as long as this world exists, NIGERIA SHALL EXIST.
Today, Fate and Destiny join together to place the torch of human progress in our very hands. We dare not let it slip.
We lift high this torch so that it might shine on every household and in every heart that calls itself Nigerian. We hold this beam aloft because it lights our path with compassion, brotherhood, and peace. May this great light never EXTINGUISH.
Our administration shall govern on your behalf but never rule over you. We shall consult and dialogue but never dictate. We shall reach out to all but never put down a single person for holding views contrary to our own.
We are here to further mend and heal this nation, not tear and injure it.
In this vein, may I offer a few comments regarding the election that brought us to this juncture. It was a hard-fought contest. And it was also fairly won. Since the advent of the Fourth Republic, Nigeria has not held an election of better quality.
The outcome reflected the will of the people. However, my victory does not render me any more Nigerian than my opponents. Nor does it render them any less patriotic.
They shall forever be my fellow compatriots. And I will treat them as such. They represent important constituencies and concerns that wisdom dare not ignore.
They have taken their concerns to court. Seeking legal redress is their right and I fully defend their exercise of this right. This is the essence of the rule of la
News
Xenophobia:Nigeria Asks ECOWAS To Drag South Africa Before AU
Nigeria has advocated a concerted response to xenophobia in South Africa.
It has asked the Economic Community of West African States (ECOWAS) to take the issue from the regional bloc to the continental body, the African Union (AU).
Nigeria and Ghana, two leading members of ECOWAS, are among the countries worst hit by attacks on fellow Africans by mobs in South Africa, while the Cyril Ramaphosa government looks on.
Nigeria, like other countries whose citizens living in South Africa came under attack, had citizens killed, maimed or deprived of their means of livelihood through the looting of their shops, and subsequently evacuated many of them.
Citizens of Southern African countries neighbouring South Africa – Malawi, Zimbabwe, Lesotho and Botswana, among others – were also not spared by the rampaging mobs.
Yesterday, President Bola Ahmed Tinubu told the 69th Ordinary Session of the ECOWAS Authority of Heads of State and Government in Lungi, Sierra Leone, that xenophobia stands condemned.
“Nigeria condemns in strong terms the recent Afrophobic attack on its citizens and other fellow Africans in the Republic of South Africa.
“As already mentioned by His Excellency, the President of Ghana, ECOWAS should present this matter before the next meeting of the Authority of the African Union to send a clear message that this type of behaviour is unacceptable.
“South Africa should be reminded that the freedom the country currently enjoys is due to the liberation efforts of African countries such as Nigeria.
“The Nigerian Government has evacuated one thousand, four hundred and ninety of its citizens in seven batches and is prepared to engage on this matter,” the President said in an address delivered by Vice President Kashim Shettima.
This position further expands the hint given by the Minister of Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, that Nigeria would take retaliatory measures against South Africa.
She said the National Assembly would make recommendations in this regard.
The National Assembly has condemned the attacks on Africans and is already reviewing the development to come up with its position.
News
Uniport Dissolves Students’ Union, Orders Leaders To Face Probe Panel
The management of the University of Port Harcourt (UNIPORT) has dissolved all Students’ Union (SU) activities with immediate effect, directing all elected student leaders to relinquish union property and prepare to appear before an investigative panel to account for their stewardship.
The directive, contained in an official memorandum issued by the Office of the Dean of Student Affairs, was signed by the Dean of Student Affairs, Prof. G. N. Woke, on the instruction of the Vice-Chancellor, Prof. Chike, Princewill R. Chike.
The memorandum, referenced UPH/SADean/26 and dated July 19, 2026, announced the immediate dissolution of the three arms of the Students’ Union, Hall Representatives, and all other Students’ Union activities until further notice.
“I am directed by the Vice Chancellor, Prof. Chike, Princewill R. Chike, to notify the Three Arms of the Students’ Union, Hall Reps. and all other Student Union activities that you have been dissolved with immediate effect until further notice,” the memorandum stated.
Following the dissolution, the university directed all executive members of the Students’ Union to immediately hand over every item belonging to the union to the Office of the Dean of Student Affairs.
According to the directive, the officials are expected to surrender all union property, official documents, financial records, keys, identification materials, and any other items in their possession.
“Consequently, all Executive members are directed to immediately hand over all Union property, official documents, financial records, keys, identification materials and any other item belonging to the Students’ Union in your possession to the Dean of Student Affairs,” the memorandum added.
The affected student leaders were also instructed to make themselves available whenever invited to appear before an investigative panel constituted by the university to provide an account of their administration.
The university warned that failure to comply with the directive would attract disciplinary sanctions.
“All affected officers are expected to comply with this directive promptly. Failure to do so will attract appropriate disciplinary action,” the memorandum stated.
The notice was copied to the Vice-Chancellor; the Deputy Vice-Chancellor (Administration and Advancement); the Deputy Vice-Chancellor (Academic); the Deputy Vice-Chancellor (Research and Development); the Registrar; the Chief Security Officer; the Bursar; all Deans of Faculties; all Heads of Departments; and the entire University Community.
The university, however, did not disclose the reasons behind the dissolution of the Students’ Union leadership or the specific issues being investigated by the panel.
News
Women Lawyers Hail Badejo-Okusanya’s Emergence As NBA’s 2nd Female President
Oyinkansola Badejo-Okusanya (SAN) made history at the weekend as the second female president of the Nigerian Bar Association (NBA), 35 years after Dame Priscilla Kuye assumed the role in 1991.
Mrs Kuye became president from her position as First Vice President after the then president of the association, Chief Clement Akpamgbo (SAN), was appointed Attorney-General and Minister of Justice by the military government of General Ibrahim Babangida.
Senior female lawyers, including Senior Advocates Funke Adekoya, Yinka Omorogbe, Ronke Adeyemi, Funke Agbor, and former Education Minister, Dr Oby Ezekwesili, publicly endorsed her candidacy.
Their support reflected both confidence in her professional credentials and the symbolic importance of a woman returning to the presidency of the NBA after more than three decades.
In her endorsement, Mrs Adekoya argued that the NBA had historically achieved some of its most significant reforms under presidents who emerged from outside the traditional circle of national NBA politics.
“She is open to refreshing the NBA and the legal profession, absent preconceived views from holding a national office previously.”
Omorogbe described her as a lawyer with the experience, courage, and temperament required to lead the Bar at a critical period, while also highlighting her commitment to mentoring younger lawyers.
Adeyemi said her record reflected competence, consistency, and dedication to institutional development.
“I have every confidence that Mrs Oyinkansola Badejo-Okusanya (SAN) will lead with wisdom, integrity, and an abiding commitment to the continued growth of our Association.”
Ezekwesili, who endorsed her candidacy before the election, described her as a lawyer whose engagements frequently focused on professional ethics, arbitration, governance, and improving conditions for young practitioners.
Badejo-Okusanya’s victory followed a fiercely contested three-way election in which she defeated fellow Senior Advocates of Nigeria, Lateef Omoyemi Akangbe and Aare Olumuyiwa Akinboro.
She secured 12,317 votes out of the 26,106 ballots cast, representing 47.18 per cent. Akangbe came second with 7,934 votes, while Akinboro received 5,855 votes.
The NBA president-elect, a founding partner of Africa Law Practice NG & Company, has built a legal career spanning litigation, arbitration, and alternative dispute resolution. She is a Fellow of the Chartered Institute of Arbitrators and serves on the board of the Lagos Court of Arbitration.
She earned a Bachelor of Arts (Hons) degree in English from the University of Lagos before pursuing a law degree at the same institution. She was called to the Nigerian Bar in 2002.
The senior lawyer was appointed Senior Special Assistant on Justice Sector Reform to then Lagos State Governor Babatunde Fashola, whom she also served as General Counsel.
But her victory cannot be explained by gender alone, as one perceived advantage she held over her opponents was her relative distance from the NBA’s traditional national political establishment.
Unlike some past NBA presidents and her opponents in the election, she had not previously held a major national elective position within the association.
Her campaign also appeared to resonate strongly with lawyers who wanted the NBA to focus more directly on the economic and professional welfare of its members.
Her message, “A Bolder Bar That Works for Everyone,” was built around the promise that lawyers should “earn better, live better and practise better.”
She also signalled her intention to make the NBA more responsive to the realities faced by lawyers outside traditional centres of influence.
This could be significant in a profession whose members operate across private practice, government, academia, corporate organisations, and other specialised fields of law.
In her acceptance speech, Badejo-Okusanya pledged to lead with “integrity, courage, humility, fairness, and accountability.”
She also promised to work with her former opponents, saying the election was over and that members remained united by their commitment to advancing the profession, justice, and the rule of law.
Before the election, Badejo-Okusanya received significant support from prominent women in the legal sector.
Her election has therefore raised expectations beyond the symbolic fact that a woman is leading the NBA for only the second time.
Her victory followed an election delayed by several hours after the NBA Electoral Committee announced that its electronic voting platform had been hacked.
The process was subsequently moved to a new domain, and lawyers also reported technical and authentication issues.
Her two defeated opponents rejected the result and raised concerns about the conduct of the election.
Consequently, one of Badejo-Okusanya’s immediate tasks will be to unify a Bar that has emerged from a highly polarised electoral process.
The main challenge will be whether she can turn her promise of a “Bolder Bar That Works for Everyone” into tangible improvements in lawyers’ professional and financial prospects while also uniting a profession emerging from a deeply divisive election.
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