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JUST IN: N1tn Saved After Fuel Subsidy Removal – Tinubu

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President Bola Tinubu revealed on Monday that the Nigerian Federal Government has saved N1tn since the removal of the petrol subsidy over the past two months.

 

He emphasized that these funds, previously at risk of exploitation by “smugglers and fraudsters,” will now be redirected to intervention programs benefiting families nationwide.

 

Tinubu stated “In a little over two months, we have saved over a trillion Naira that would have been squandered on the unproductive fuel subsidy which only benefitted smugglers and fraudsters,”

 

Tinubu made this announcement during a nationwide broadcast addressing the country’s current economic challenges.

 

President Bola Tinubu acknowledged the hardships caused by the delay in implementing palliative measures in the past 62 days.

 

He urged Nigerians to focus on the bigger picture and look beyond the present temporary pains.

 

He said “I plead with you to please have faith in our ability to deliver and in our concern for your well-being.

 

“All of our good and helpful plans are in the works. More importantly, I know that they will work,” he affirmed.

 

He said the funds so far saved from subsidy removal “will now be used more directly and more beneficially for you and your families.”

 

Tinubu assured the nation that his administration is committed to navigating the country out of the current economic turbulence through the measures they have already implemented.

 

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National Assembly In Top Gear For Tinubu’s 2025 Budget Presentation

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The National Assembly management team, led by Clerk Sani Magaji Tambawal, has ramped up efforts to ensure a seamless presentation of the 2025 Appropriation Bill by President Bola Ahmed Tinubu.

The event, scheduled for a joint session of the Senate and House of Representatives, is regarded as a significant moment in Nigeria’s legislative calendar.

Preparations include a thorough inspection of the assembly chambers to ensure all facilities are fully functional.

READ MORE: PDP Governors Probe Ondo Polls, Criticizes Edo Result

Deputy Clerk Kamoru Ogunlana, who is overseeing the technical arrangements, confirmed that key systems, including microphones, sound equipment, and other audio-visual tools, have been tested to ensure smooth communication during the session.

“We are working tirelessly to ensure that the National Assembly is fully prepared to receive Mr. President and provide a conducive environment for this significant moment in our democratic process,” Ogunlana stated.

Seating arrangements are also being finalized to accommodate lawmakers, government officials, and other dignitaries expected at the session.

Security measures are being reviewed in collaboration with relevant agencies to ensure the safety of all attendees. Meanwhile, press accreditation is being managed to facilitate effective media coverage.

The 2025 budget presentation is expected to highlight the government’s economic priorities while reinforcing the partnership between the executive and legislative arms of government.

As the session approaches, the National Assembly has expressed its commitment to upholding Nigeria’s democratic values and providing a platform for transparent governance.

 

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Edo: Gov Okpebholo Launches Probe Into Obaseki Administration

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Edo State Governor, Monday Okpebholo, has announced the establishment of a 14-member Assets Verification Committee to examine the financial records and asset management of the previous administration led by Godwin Obaseki.

In a statement released on Sunday by his Chief Press Secretary, Fred Itua, the governor revealed that the committee would be inaugurated on Tuesday, November 26, in Benin City.

RELATED NEWS: Gov Okpebhole Suspends Revenue Collection, Orders Arrest Of Violators

The panel is tasked with creating a detailed account of the state’s assets and liabilities to ensure transparency and accountability.

The committee will be chaired by Ernest Umakhihe, with Anslem Ojezua as Deputy Chairman and Frank Edebor as Secretary. Other members include Kassim Afegbua, Patrick Ikhariale, Taiwo Akerele, Patrick Idiake, Rasaq Bello-Osagie, Fredrick Unopah, Abdallah Eugenia, Patrick Obahiagbon, Kenny Okojie, Lyndsey Tes-Sorae, and Abass Braimoh.

Explaining the rationale behind the committee, Mr. Itua stated, “Despite repeated calls for a more holistic database of the assets and liabilities of the previous administration, the Godwin Obaseki-led government presented a scanty and limited report.”

He added that the initiative reflects the governor’s commitment to his campaign promises.

“In line with the governor’s campaign promise to ensure probity, accountability, and transparency in government, and to deepen the governance process, a committee made up of respected sons and daughters from Edo State has to be constituted,” the statement noted.

The committee’s work is expected to pave the way for a more accountable and developmental governance structure in Edo State.

 

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NECO Expands Global Footprints, Accredits Niger, Equatorial Guinea Schools

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In a bid to increase its global presence, the National Examination Council (NECO) has accredited more foreign schools.

This was contained in a statement issued under the signature of its Acting Director of Public Relations, Azeez Sanni, on Saturday.

He revealed that the accredited schools are in Niger Republic and Equatorial Guinea.

Recall that last year, the examination body accredited some centres in Niger Republic to enable Nigerian students in the Francophone country to sit for the examinations.

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The statement read, “Determined to broaden its horizon and expand its global presence, the National Examinations Council has accredited more foreign schools to write the Senior School Certificate Examination and the Basic Education Certificate Examination.

“The newly accredited schools, in addition to the existing ones, are in Niger Republic and Equatorial Guinea.

“NECO accreditation team visited the Schools to assess their readiness to write the SSCE and BECE.

“The accreditation 5eam inspected classrooms, laboratories, libraries, computer laboratories, workshops, examination halls and sports facilities to determine their adequacy and suitability for NECO examinations.

“After a thorough evaluation and comprehensive assessment, the schools were granted full SSCE and full BECE accreditation status.”

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