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Tinubu Clarifies Subsidy Status, Promises To Benefit Nigerians

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President Bola Ahmed Tinubu has clarified that his declaration regarding the end of fuel subsidy was not a new development, but rather a communication of the current status quo.

 

In a statement by his media, Tinubu emphasized that the previous administration had planned and approved a budget for fuel subsidy that was intended to last only for the first half of the year.

 

This means that by the end of June, the Federal Government will no longer have sufficient funds to continue the subsidy regime, leading to its termination.

 

However, President Tinubu urged the public to remain calm, stating that the panic-buying that has ensued as a result of his communication is unnecessary as the termination will not take immediate effect.

 

He further elaborated on his plans to redirect the funds previously allocated for subsidy payments into investments that will have a positive impact on the lives of Nigerians, particularly those in vulnerable situations.

 

The statement reads: “The public is advised to note that President Bola Tinubu’s declaration that “subsidy is gone” is neither a new development nor an action of his new administration.

 

He was merely communicating the status quo, considering that the previous administration’s budget for fuel subsidy was planned and approved to last for only the first half of the year.

 

Effectively, this means that by the end of June, the Federal Government will be without funds to continue the subsidy regime, translating to its termination. The panic-buying that has ensued as a result of the communication is needless; it will not take immediate effect.

 

Furthermore, President Tinubu was clear about his plans to re-channel the funds previously devoted to the payment of subsidies into better investments that will cushion the effects of the removal on the general public, especially the poor of the poor.

 

This includes but is not limited to investments in public infrastructure, education, healthcare and jobs that will materially improve the lives of millions of Nigerians and increase their earning potential.

 

Biztellers had earlier reported that Tinubu’s declaration yesterday has caused many petrol filling stations nationwide ceased operations and this led to extensive queues forming at the stations.

Politics

2027 Race Begins as APC Completes 100% Candidate Upload to INEC

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The All Progressives Congress (APC) has recorded a major milestone in its preparations for the 2027 general elections after successfully completing the upload of all its governorship, deputy governorship and State House of Assembly candidates to the Independent National Electoral Commission (INEC) Candidate Nomination Portal.

The announcement was made on Friday by the party’s National Chairman, Nentawe Yilwatda, in a statement shared via his official X handle, where he congratulated party leaders, members and candidates nationwide on the successful completion of the nomination process.

SEE ALSO: ‘Nobody Forced Obi to Leave Any Party’ — APC Chair Fires Back at Critics

According to Yilwatda, the APC achieved a 100 per cent upload of its candidates across the country, submitting 56 governorship and deputy governorship candidates alongside 1,015 State House of Assembly candidates to the INEC portal ahead of the 2027 polls.

“Congratulations to our leaders, members, and candidates across the country on the successful completion of the nomination process for the 2027 General Elections,” he said.

“I am pleased to announce that the All Progressives Congress (APC) has successfully achieved a 100% upload of all our 56 Governorship and Deputy Governorship, and 1,015 State House of Assembly candidates on the INEC Candidate Nomination Portal.”

The APC chairman described the achievement as a clear indication of the party’s organisational capacity and readiness for the next stage of the electoral process.

“This milestone reflects the organizational strength of our great party,” Nentawe stated.

With the nomination process now concluded, the ruling party said it would shift its attention to engaging Nigerians while highlighting the achievements of President Bola Ahmed Tinubu’s Renewed Hope Agenda ahead of the 2027 general elections.

“With this phase successfully concluded, we remain focused on engaging Nigerians with our vision, and building on the achievements of the Renewed Hope Agenda as we prepare for victory in 2027,” he added.

The completion of the candidate upload marks a key requirement in the electoral process and positions the APC among the first major political parties to conclude the nomination phase ahead of what is expected to be a keenly contested 2027 general election.

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Why Fubara Couldn’t Seek Re-election — Wike Reveals Inside Story

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Federal Capital Territory Minister, Nyesom Wike, has opened up on the political events that led to Rivers State Governor Siminalayi Fubara abandoning his bid for a second term, blaming the outcome on poor advice from political associates and external interests.

Speaking during the August edition of his monthly media chat aired on Channels Television on Tuesday, Wike said he repeatedly warned Fubara against abandoning the political structure that brought him to power.

SEE MORE: Fubara Corrected His Mistakes, Returned to the Right Political Family – Wike

“I said, look, don’t derail. I came as governor, I had crisis. When I came as governor, there was nothing. They didn’t even relocate the Government House,” Wike said.

The former Rivers governor recalled inheriting an administration with limited resources, revealing that he had to borrow ceremonial vehicles from former Ondo State governor, Olusegun Mimiko.

“When I came, I had to borrow vehicles from the former governor of Ondo, Mimiko, these parade vehicles. Nobody kept any vehicle; I didn’t have one vehicle.

“But before I left as governor, I packed out from Government House one and a half years before. I renovated Government House. I bought vehicles for the governor, the deputy governor and the governor’s wife. I did that,” he stated.

Wike said he expected Fubara to consolidate on the foundation he laid instead of distancing himself from the political family that supported his emergence.

“Somebody had laid a foundation. Look, this is where I stopped. If you continue this way, our dream is to be able to compete with Lagos. What is wrong with that?” he said.

According to the minister, some individuals who had initially opposed Fubara’s emergence as governor later became his close allies and allegedly encouraged him to confront those who backed his political rise.

“Somebody comes, and that’s why you have to be careful. Those who didn’t want you to be governor now became your friends. Obviously, they will destroy you, thinking that coming closer to you is to fight us.

“At the end of the fight, I have not lost anything. What have I lost? Nothing. But you have lost. Your intention was to go for a second term, is it not correct? And you are not going,” Wike said.

Asked whether he still loved Fubara despite their political differences, Wike responded:
“If I don’t love him, why would we support him? That’s the point I’m making.”

The FCT minister disclosed that both camps had at one point considered reconciliation, but political considerations ultimately stalled the process.

“There was a time we all thought, we all agreed, and said, ‘Look, can we allow bygones to be bygones?’ But something fundamental came up in politics.

“They said, ‘Look, if you allow this now, there are those who are here who want to see that we are no longer politically relevant,'” he said.

Wike further alleged that external interests sought to hijack Rivers State for financial gain, claiming some influential individuals advised Fubara to resist his political camp.

“When this thing happened, they were so bitter that they started giving the governor wrong advice: ‘Don’t worry, the law says this, the law didn’t say this.’

“They were sending them aircraft, then they would relax in the jet. To them, they were king. So, for him to continue to be there, they would exert that kind of influence.

“We said no, this cash cow must end now. You won’t have it again. Take as much as you can, but you have to stop,” Wike added.

The political rift between Wike and Fubara began shortly after Fubara assumed office in 2023 and later escalated into a prolonged power struggle involving the Rivers State House of Assembly, impeachment threats and a state of emergency.

Although Fubara later obtained nomination forms to contest the All Progressives Congress governorship primaries for a second term, he withdrew from the race in May 2026.

Wike maintained that the political crisis and the decisions taken by the governor during the dispute ultimately cost him the opportunity to seek re-election.

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Osun Election: Gunmen Invade PVC Centre, Cart Away Voter Cards

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Fresh concerns have emerged over the security of the forthcoming Osun State governorship election after armed hoodlums attacked an Independent National Electoral Commission (INEC) Permanent Voter Card (PVC) distribution centre in Okuku, Odo-Otin Local Government Area of Osun State.

The attack occurred at the Oyinlola DC Primary School, Ward 2 PVC collection centre, where about 10 armed men reportedly stormed the facility, firing gunshots into the air to disperse election officials and prospective voters before fleeing with three packs of PVCs.

SEE ALSO: Political Twist: Osun PDP Drums Support For Tinubu, Adeleke Ahead Of Polls

According to the Osun State Police Command, the attackers remain unidentified. The police said the armed hoodlums invaded the PVC collection centre, fired gunshots into the air to scare away officials and prospective voters, and escaped with the voter cards.

No casualties were recorded during the incident.

The attack has heightened public anxiety ahead of the August 15, 2026, governorship election, with concerns over the security of electoral materials and the integrity of the voting process.

Although the stolen PVCs are unlikely to be used to cast votes due to the Bimodal Voter Accreditation System (BVAS), which requires biometric verification before accreditation, stakeholders warn that the incident could still disenfranchise legitimate voters or be aimed at creating fear and disrupting the electoral process.

Security experts have called on INEC, the Nigeria Police Force and other relevant agencies to intensify investigations, recover the stolen PVCs and bring those responsible to justice.

They also urged election officials to monitor polling units linked to the stolen voter cards and ensure that any attempt to use them on election day is detected and dealt with in accordance with the law.

With the Osun governorship election just days away, the incident has renewed calls for tighter security around electoral facilities to protect the credibility of the electoral process and reassure voters of their safety.

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