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Obasanjo Slams Tinubu: Fuel Subsidy Returns Amid Soaring Inflation
Obasanjo Slams Tinubu: Fuel Subsidy Returns Amid SoahttpsFormer President of Nigeria, Chief Olusegun Obasanjo, has stated that the fuel subsidy removed by President Bola Tinubu’s administration in June 2023 has effectively returned due to inflation.....KINDLY READ THE FULL STORY HERE▶
In a recent interview with the Financial Times, Obasanjo criticized the approach taken by Tinubu’s administration in eliminating the fuel subsidies. He argued that adequate measures should have been implemented before the subsidy removal.
“There’s a lot of work that needs to be done. Not just wake up one morning and say you removed the subsidy. Because of inflation, the subsidy that we have removed is not gone. It has come back,” Obasanjo emphasized.
He highlighted the need for boosting investor confidence in Nigeria, stating, “You have to go from a transactional economy to a transformational economy.”
Obasanjo’s comments come in the midst of ongoing hunger protests in Nigeria. These protests, which began on Thursday, reached their fifth day on Monday, with protesters demanding the reinstatement of the fuel subsidy regime.
In a Sunday broadcast, President Tinubu appealed to protesters to suspend their demonstrations. He described his administration’s decision to remove the fuel subsidy as painful but necessary, explaining that the subsidy had become a noose around the economic “jugular of our Nation and impeded our economic development and progress.”
According to the National Bureau of Statistics, core inflation reached an all-time high of 34.19 percent and 40.87 percent in June 2024.
The Edo State Police Command has confirmed the arrest of three suspected kidnappers linked to the abduction of two medical doctors’ brothers in Auchi, Etsako West LGA.....KINDLY READ THE FULL STORY HERE▶
The victims, Dr. Abu Ibrahim Babatunde and his younger brother, Dr. Tahir Abu Emhoye, were kidnapped on January 2, 2026, around 7:30 p.m. on City Pride Road, Igbira Camp, Auchi. While Dr. Tahir, a fresh graduate from Ambrose Alli University (AAU), Ekpoma, was killed by the abductors, Dr. Babatunde, a housemanship staff at Edo University Teaching Hospital, Auchi, was released on January 15 after a ₦50 million ransom was paid.
The suspects—Saminu Kawujie, Idris Abubakar, and Sani Abubakar—were apprehended in separate operations. Kawujie was arrested on February 3 at Warrake Forest, Owan East LGA, during a bush-combing operation carried out by police, local hunters, and vigilante groups. Items recovered from him included two knives, two mobile phones, a UBA ATM card, and ₦20,250. Identification parades confirmed him as one of the abductors.
Idris Abubakar and Sani Abubakar were arrested on February 8 at the Specialist Hospital, Auchi. Both were identified as part of the gang, with Idris specifically linked to receiving the ransom for Dr. Babatunde’s release.
ASP Eno Ikoedem, the police spokesperson, said investigations are ongoing to dismantle the entire criminal network responsible for the Auchi kidnappings. Commissioner of Police Monday Agbonika assured the public that all kidnapping cases will be pursued to completion, with continued intelligence-led policing and bush-combing operations across the state.
The Speaker of the Jigawa State House of Assembly, Rt. Hon. Haruna Aliyu Dangyatin, has been elected Chairman of the Progressive Speakers Conference, a forum of APC House Speakers nationwide.....KINDLY READ THE FULL STORY HERE▶
Dangyatin assumed the position during the conference’s annual congress and executive elections held in Abuja. The body aims to enhance coordination among APC Speakers, promote party ideals, foster unity, and support democracy, peace, and national development.
Other key positions filled include the Ebonyi State Assembly Speaker as Deputy Chairman (South), the Nasarawa State Assembly Speaker as Deputy Chairman (North), and the Ondo State Assembly Speaker as Treasurer. Six zonal vice chairmen were also elected, including Ogun State’s Rt. Hon. Oludaisi Elemide for the South-West zone and Plateau State’s Speaker for the North-Central zone. The new executive members are set to be sworn in on Monday, February 9, 2026.
Jigawa Governor Malam Umar Namadi congratulated Dangyatin, calling the election well deserved and expressing confidence that he would strengthen collaboration among APC members ahead of the 2027 general elections.
Professor Abayomi Fasina has officially stepped down as Vice-Chancellor of the Federal University Oye-Ekiti (FUOYE).....KINDLY READ THE FULL STORY HERE▶
Speaking at FUOYE’s 10th Convocation on Saturday, Prof. Fasina highlighted the university’s growth under his leadership, noting that it has become the fourth most sought-after university in Nigeria and has steadily improved in national rankings.
“Our progress is reflected in the 20-point agenda and transformation blueprint we have implemented since I assumed office in 2021,” he said.
He also emphasized the university’s infrastructural development, including what he called the “Blue Roof Revolution,” and expressed gratitude to President Bola Tinubu and others for their support during his tenure.
“As a former Deputy Vice-Chancellor, you are already part of our success story. I am confident FUOYE will continue to thrive under your leadership,” Fasina added.
A total of 7,684 students graduated at the convocation, including 7,396 undergraduates—with 131 earning First Class honours—and 288 postgraduates.
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