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Petrol Subsidy Is Unsustainable, Says Buhari In Last Budget Presentation

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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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Osun Governorship Election: NSCDC Deploys 10,000 Personnel

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The Nigeria Security and Civil Defence Corps (NSCDC) says it has deployed 10,000 personnel for the Aug. 15 Osun governorship election.

This is contained in a statement issued by the Corps Public Relations Officer, Kehinde Adeleke, on Monday in Osogbo.

According to the statement, the State Commandant, Igbalawole Sotiyo, disclosed this during a strategic meeting with Area Commanders, Divisional Officers and Tactical Commanders at the Command Headquarters in Osogbo.

Sotiyo said the deployment was approved by the Commandant-General of the Corps, who would lead the operation.

He urged personnel to remain apolitical, maintain strict neutrality and discharge their duties with the highest level of professionalism before, during and after the election.

Sotiyo emphasised that the credibility of the Corps and public confidence in its personnel would depend largely on their conduct throughout the electoral process.

He warned against actions capable of undermining the integrity of the Corps or compromising the peaceful conduct of the election.

“I urge you not to put the name of the Corps into disrepute. Be apolitical, maintain neutrality and respect fundamental human rights.

“Discharge your duties strictly in line with the Corps’ Standard Operating Procedures and other extant laws guiding election security operations,” he said.

The commandant also directed Area Commanders to ensure that personnel under their supervision remain disciplined, professional and responsive to security needs.

He described the NSCDC as a professional, non-partisan agency responsible for protecting lives and property, critical national assets and infrastructure, as well as supporting the maintenance of peace and public order.

Sotiyo further urged personnel to exhibit civility and respect for the electorate, noting that the election is a constitutional exercise.

He said the role of security personnel is to provide a safe and enabling environment for citizens to exercise their franchise without fear or intimidation.

The commandant assured residents that the Corps would work in synergy with other security agencies and stakeholders to ensure a peaceful, secure and credible electoral process.

He reiterated the Command’s readiness to deploy personnel professionally and responsibly, stressing that the Corps would not compromise its neutrality or constitutional responsibilities.

Sotiyo also urged the public to cooperate with security personnel and report suspicious activities through appropriate channels, assuring that the Command would remain vigilant before, during and after the election.

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Tinubu’s Reforms Raise Nasarawa Monthly Allocation from ₦4.5bn to ₦16bn — Governor Sule

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Nasarawa State Governor, Abdullahi Sule, has commended President Bola Ahmed Tinubu’s economic reforms, saying the removal of fuel subsidy and other measures have increased the state’s monthly allocation from the Federation Account from about ₦4.5 billion to approximately ₦16 billion.

Governor Sule made this known in Lafia while receiving members of the Renewed Hope Ambassadors National Media Tour, led by the Special Adviser to the President on Information and Strategy, Bayo Onanuga.

The team, made up of presidential media aides and more than 50 senior journalists, is touring North-Central states to inspect federal and state government projects and assess the impact of government policies on development.

According to Sule, the increase in federal allocations has provided Nasarawa State with greater financial capacity to execute major infrastructure and development projects.

He explained that before the reforms, the state received between ₦3.8 billion and ₦4.5 billion monthly from the Federation Account, limiting the government’s ability to undertake major capital projects.

The governor said the situation changed significantly following the economic reforms introduced by President Tinubu.

“Today, we are beginning to see the benefits because the resources available to us have increased tremendously,” Sule said.

He acknowledged that the removal of fuel subsidy and other reforms initially created economic difficulties for Nigerians, but praised President Tinubu for having the political courage to take what he described as difficult but necessary decisions.

Sule said the President “took the bullet” on behalf of the states and local governments by implementing reforms that ultimately freed up additional resources for the three tiers of government.

He also stressed the importance of effective communication in helping citizens understand government policies, particularly when such policies create short-term difficulties but are intended to strengthen the economy in the long run.

The governor said the increased revenue had enabled his administration to undertake major projects in road infrastructure, industrialisation, education, healthcare and water supply across Nasarawa State.

He further assured the visiting media team that his administration remained committed to transparency in the use of public funds.

Sule, who said he came from the private sector, explained that his administration publicly announces the cost of government contracts to enable citizens to monitor expenditure and assess the value being delivered.

Media Team Inspects Projects

During its tour of Nasarawa State, the Renewed Hope Ambassadors National Media Team inspected several completed projects executed by the state and federal governments.

Among the projects inspected was the multi-billion-naira Nasarawa State Secretariat, which houses the Ministries of Education, Housing and Urban Development, Health and Justice.

The team also inspected the 1-megawatt solar farm powering the state secretariat along Shendam Road.

Other projects visited included the completed 16-kilometre Makurdi bypass in Lafia, which connects Nasarawa and Benue states; the Wing Commander Abdullahi Ibrahim Vocational and Skills Acquisition Centre; the Shinge Waterstorm Channel; and the completed Kilema Bridge along the Lafia-Doma Road.

Governor Sule described the media tour as an important opportunity for Nigerians to see government projects directly rather than relying solely on official statements.

He said the visit would allow members of the public to assess the extent to which the Renewed Hope Agenda is translating into tangible development at the grassroots.

The governor expressed optimism that continued implementation of the Federal Government’s economic reforms would further improve the financial position of states and enable them to undertake more transformative projects.

Onanuga Defends Tinubu’s Economic Reforms

Speaking during the visit, Presidential Special Adviser on Information and Strategy, Bayo Onanuga, commended President Tinubu for implementing reforms that he said successive administrations had recognised as necessary but failed to undertake.

Onanuga recalled that President Tinubu announced the removal of fuel subsidy immediately after assuming office in 2023 and subsequently introduced the floating of the naira and ended the system of multiple official exchange rates.

He acknowledged that the reforms initially contributed to inflation and widespread hardship but argued that the measures were necessary to free up government resources.

Onanuga also commended Governor Sule for supporting the reforms at the time they were introduced.

He recalled that Sule had publicly defended the President’s decision, saying Tinubu had effectively taken responsibility for difficult economic decisions that would ultimately benefit the states and local governments.

According to Onanuga, the reforms have released additional resources to state governments that can now be deployed to infrastructure and other development projects.

“What the President did was to free up resources that the state governors have been longing for to develop their states,” Onanuga said.

Also speaking during the inspection of the Makurdi bypass, the Senior Special Assistant to the President on Media and Public Enlightenment, AbulAziz AbdulAziz, said the scale of infrastructure development witnessed in Nasarawa and Benue states was evidence, in his view, that the Renewed Hope Agenda was producing results.

The Renewed Hope Ambassadors National Media Tour is aimed at showcasing government projects and providing the public with first-hand information on the implementation and impact of government policies across different parts of the country.

 

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Police Arrest 5 PakistanI Nationals, Recover 35 Phones in Benue Intelligence Ooperations

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The Benue State Police Command has arrested five Pakistani nationals and recovered thirty-five mobile phones in separate intelligence-led operations in Otukpo and Ugbokolo areas of the state.

The arrests were disclosed in a statement issued on Thursday, August 7, 2026, by the Command’s Public Relations Officer, DSP Orchia Peter Aondongu.

According to the statement, operatives acting on credible intelligence arrested three Pakistanis at Adoka Motor Park, Otukpo Local Government Area, on August 4, 2026.

The suspects were identified as Younas Mohammad, 36; Ahmad Nunil, 38; and Aslam Muhammad, 46. They were intercepted while attempting to board a vehicle to Adoka village.

During preliminary questioning, the suspects claimed they were in Otukpo to market cosmetics and mobile gadgets, none of which were found in their possession.

“This made their explanation, activities and movements within the area suspicious, requiring more clarification,” the PPRO stated.

In a separate operation on August 5, 2026, two other Pakistanis, Juma Sharif, 30, and Muhammed Sharif, 25, were arrested at a local hotel in Ugbokolo following another credible intelligence.

The two claimed to be dealers in Android phones. A search of their belongings led to the recovery of eleven Tecno Camon 50 Pro mobile phones.

Further investigation and operational follow-up resulted in the recovery of an additional twenty-three Tecno Camon 50 Pro phones and one Infinix Hot 60 phone, bringing the total number of recovered mobile phones to thirty-five.

The five suspects have been transferred to the State Criminal Investigation Department, SCID, Makurdi, where discreet and comprehensive investigations are ongoing to establish the circumstances surrounding their presence, activities and movements within the state.

The Command said it strongly suspects that the possession of the mobile phones may be a decoy for clandestine activities in rural areas of the state, noting that the suspects “hardly speak or understand English.”

The Commissioner of Police, Benue State Command, CP Cletus C. N. Nwadiogbu, commended the officers involved in the operations and members of the public whose timely information contributed to the arrests.

He reassured residents that the operations form part of the Command’s proactive, intelligence-led policing strategy aimed at identifying potential security threats, preventing criminal activities and safeguarding lives and property across the state.

CP Nwadiogbu further urged residents to remain vigilant and promptly report suspicious persons, movements or activities to the Police.

“The Command will continue to work with relevant stakeholders and members of the public to maintain peace and security across Benue State. The public will be updated as the investigation progresses,” the statement added.

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