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Petrol Subsidy Is Unsustainable, Says Buhari In Last Budget Presentation

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President Muhammadu Buhari
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President Muhammadu Buhari on Friday pushed for the removal of fuel subsidy in 2023, saying that the policy is not sustainable considering current economic realities.

He shared the position while presenting a N20.51 trillion 2023 budget proposal to the National Assembly.

He said, “Petrol subsidy has been a recurring and controversial public policy issue in our country since the early eighties.

“However, its current fiscal impact has clearly shown that the policy is unsustainable. As a country, we must now confront this issue taking cognizance of the need to provide safety nets to cushion the attendant effects on some segments of society.”

According to the President, discontinuing the policy is necessary for the country to manage limited resources.

“As we seek to grow our government revenues, we must also focus on the efficiency of utilization of our limited resources,” he said.

“Critical steps we are taking include immediate implementation of additional measures towards reducing the cost of governance and the discontinuation of fuel subsidy in 2023 as announced earlier.”

The President, however, hinted that provisions would be made to cushion the effects of subsidy removal.

“We are however mindful of the fact that reducing government spending too drastically can be socially destabilizing, and so will continue to implement programmes to support the more vulnerable segments of society,” he said.

The N19.76 trillion proposed for the 2023 budget represents a 15.37 percent increase on the 2022 budget.

In reviewing recent economic developments, the President warned of the dangers of revenue shortfalls.

“Mr. Senate President and Rt. Honourable Speaker, revenue shortfalls remain the greatest threat to Nigeria’s fiscal viability,” he said.

To check that threat, he explained that the Federal Government has accelerated efforts towards ensuring that all taxable Nigerians declare income from all sources and pay taxes due to the appropriate authorities.

He added, “We are also monitoring the internally generated revenues of MDAs to ensure they are appropriately accounted for and remitted to the Consolidated Revenue Fund.

“The 50 percent cost-to-income ratio in the Finance Act 2020 has significantly improved operating surplus remittances by Government Owned Enterprises (GOEs).”

He called on the National Assembly to continue cooperating with the Federal Government in enforcing the legal provision and other prudential guidelines imposed on the GOEs during the consideration of the budget proposals of the GOEs.

Efforts to tackle the threat of revenue shortfalls are already working, according to the President.

“I am happy to report that the revenue collection and expenditure management reforms we are implementing are yielding positive results, with recent significant improvements in non-oil revenue performance,” Buhari said.

“However, while we continue to implement revenue administration reforms and improve our collection efficiency, we urgently need to find new ways of generating revenue.”

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Benin-Asaba Road to Be Redesigned on Concrete Pavement

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Section of Benin-Asaba Road
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The Minister of Works, Dave Umahi, has said the 136-kilometre Benin-Asaba Road will be redesigned with reinforced concrete pavement following a directive from President Bola Tinubu.

Umahi made this known on Thursday in Benin City during the ‘Operation Rescue Benin-Asaba Road’ event.

He also clarified that the Federal Government had not awarded any company a contract for the emergency rehabilitation of the road.

According to the minister, the government is currently carrying out temporary intervention works to improve the condition of the road while arrangements for its long-term reconstruction are being developed.

Umahi said the Federal Government had presented three options to the concessionaire for the continuation of the agreement, but none was accepted.

He said the development had led to a new approach, with President Tinubu directing the redesign of the entire 136-kilometre dual carriageway with reinforced concrete pavement.

The minister said the project had been defined and that immediate intervention would begin on the Benin Bypass.

Umahi further explained that the emergency rehabilitation was not awarded to Hitech or any other contractor.

He said the Ministry of Works had instead hired equipment from contractors operating along the road corridor, including Hitech, CECC and CBC, to carry out the temporary repairs.

According to him, the ministry is still sourcing additional equipment and plans to undertake intensive intervention works to improve the road within the next four weeks.

The minister said the temporary intervention is intended to make the road safer and more accessible while the Federal Government works on the permanent reconstruction of the route.l

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MY SECOND-TERM PROJECTS’LL BOOST COMMERCE, PRODUCTIVITY — OYEBANJI

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…Says Ekiti’ll take Tinubu’s re-election seriously

 

…As monarchs, youths pledge more support for governor

 

 

Ekiti State Governor, Mr Biodun Oyebanji, says projects to be executed during his second term will be strategically targeted at boosting commerce, enhancing productivity and stimulating sustainable business growth across the state.

 

The Governor also says Ekiti State will take the re-election bid of President Bola Ahmed Tinubu in the 2027 presidential election seriously, promising increased mobilisation to improve the President’s votes in the state.

 

Oyebanji spoke on Wednesday at a Town Hall Meeting with stakeholders from Ekiti North Senatorial District as part of consultations ahead of the 2027 Budget, held in Ifaki-Ekiti.

 

At the meeting, traditional rulers, community leaders, youths and other stakeholders pledged stronger support for the Governor’s second-term administration, which begins on October 16, 2026, to enable him to deliver on his shared prosperity agenda.

 

Oyebanji said his administration would sustain its consultative approach to governance in the second term, with greater emphasis on public participation and inclusive development.

 

He said government investments would be channelled strategically into critical sectors, including healthcare, electricity, roads and water supply, to improve living standards and enhance economic productivity.

 

The Governor said: “In our second term, whatever we are going to do must add value, because resources are limited. There must be value addition. We must catalyse productivity and ensure our people are productive.

 

“It is only when there is value that artisans like welders and auto mechanics can thrive and become prosperous.”

 

On electricity, Oyebanji said his administration had expanded access to power in some communities, but noted that existing legal provisions limiting states largely to electricity generation had affected efforts to fully address distribution challenges.

 

He reaffirmed his commitment to participatory governance, saying inputs from communities would continue to guide government’s decisions on project prioritisation.

 

“Governance is about the people. We are what we are today because of you. You gave us your mandate, and we must continue to seek your counsel in delivering good governance,” he said.

 

The Governor also commended traditional rulers for their support, particularly in intelligence gathering, which he said had contributed to improved security across the state.

 

He, however, urged residents to remain vigilant and continue to support security agencies with useful information.

 

On the 2027 presidential election, Oyebanji called on Ekiti voters to reciprocate what he described as President Tinubu’s support for the state by increasing the votes delivered to the President.

 

He cited federal appointments and infrastructure projects benefiting the state as evidence of the Federal Government’s attention to Ekiti.

 

“We must show appreciation. It will not be enough to repeat previous figures. We must do more in the next election,” he said.

 

On infrastructure, the Governor disclosed that collaboration with the Federal Government had facilitated the award of major road projects, including the Ado-Ijan-Ilumoba-Ikole and Ado-Aramoko-Ita-Ore roads.

 

He added that other critical roads across the state would be addressed subsequently.

 

Providing sectoral updates, the Commissioner for Health, Dr Oyebanji Filani, said more than 300 nurses and 1,500 health assistants had been recruited over the past four years.

 

He said the government had also upgraded several primary and secondary healthcare facilities, while three new general hospitals had been approved for Ipao, Ikogosi and Awo-Ekiti.

 

Also speaking, the Commissioner for Infrastructure and Public Utilities, Professor Bolaji Aluko, disclosed that more than 500 boreholes had been constructed across the state, while an additional 110 had been proposed to ensure equitable distribution of water.

 

In their remarks, traditional rulers and community representatives from Ekiti North Senatorial District commended the Governor for his development efforts and highlighted priority areas for consideration in the 2027 Budget.

 

Their requests included improved roads, electricity, water supply, healthcare and security.

 

Speaking on behalf of Ikole Local Government, the Alaaye of Oke Ayedun, Oba Femi Aribisala, appealed to the government to urgently intervene in the areas of roads, water and electricity.

 

He said poor road access and inadequate electricity supply were hindering economic activities and development in the area.

 

Representatives of Moba Local Government and the Obaleo of Erinmope, Oba Sunday Aniyi; Ido/Osi Local Government and the Olojudo of Ido-Ekiti, Oba Ayorinde Ilori-Faboro; as well as Oye Local Government and the Onisan of Isan-Ekiti, Oba Gabriel Adejuwon, also called for increased attention to roads, electricity, security and water supply in the 2027 Budget.

 

Dignitaries at the event included the Deputy Governor, Chief (Mrs) Monisade Afuye; Secretary to the State Government, Professor Habibat Adubiaro; Chief of Staff, Mr Oyeniyi Adebayo; Head of Service, Dr Folakemi Olomojobi; members of the State Executive Council; local government chairmen; traditional rulers; political leaders; and representatives of various community groups.

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FG Suspends 20 NSCDC Officers Over Deaths Of 37 Suspected Illegal Miners

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NSCDC Personnel
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The Federal Government has suspended 20 officers of the Nigeria Security and Civil Defence Corps (NSCDC) over the reported deaths of 37 suspected illegal miners who were in the Corps’ custody in Niger State.

The Minister of Interior, Olubunmi Tunji-Ojo, announced the suspension on Saturday, following President Bola Tinubu’s directive for a transparent and comprehensive investigation into the incident, which occurred on Thursday.

Tunji-Ojo said the suspension would remain in place pending the outcome of the investigation. The affected officers include personnel involved in the arrest, investigation, security and detention of the suspected miners.

The Minister also constituted a 10-member independent committee to investigate the deaths and establish the identities of the deceased, the circumstances surrounding their arrest and detention, and the actual cause of death.

The committee is also expected to determine whether there was any responsibility, negligence or misconduct and recommend appropriate action, including compensation where necessary.

The committee is chaired by retired DSS Deputy Director-General, Jonathan Kure, mni, while Prof. Isa Hayatu Chiroma, SAN, a former Director-General of the Nigerian Law School, will serve as Secretary.

Other members include retired AIG Hosea Hassan Karma, Prof. Olayinka Buhari, representatives of the Minna Emirate Council and Niger State Government, the National Secretary of the Miners Association of Nigeria, Alhaji Liman Sulaiman, lawyer and human rights activist Deji Adeyanju, Blueprint Newspaper’s Zainab Suleiman Okino, and public affairs analyst Dr. George Agbakahi.

The committee has two weeks to complete its investigation and submit its report to the Minister.

Tunji-Ojo directed the NSCDC leadership and all relevant officers to fully cooperate with the investigation and ensure that all records and evidence relating to the incident are preserved.

He warned that anyone who attempts to destroy or conceal evidence, intimidate witnesses or obstruct the investigation would face serious consequences.

The Minister described the deaths as deeply disturbing, condoled with the families of the deceased and appealed for calm while the investigation continues.

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