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Obasanjo Slams Tinubu: Fuel Subsidy Returns Amid Soaring Inflation

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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.

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“ASSASSINATION SURVIVOR: Alex Otti Drops Chilling Details Of How He Narrowly Escaped Death!”.

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Abia State Governor Alex Otti has revealed how he narrowly survived an alleged assassination attempt in Abuja during his pursuit of the governorship in 2015[cite: 20].....KINDLY READ THE FULL STORY HERE▶

Speaking at a solemn assembly and covenant renewal service in Umuahia, Governor Otti detailed the harrowing experience, stating that approximately 12 armed men stormed a building in Maitama in July 2015 with the intent to kill him[cite: 20]. According to the governor, the assailants arrived expecting him to be inside, but he had departed the location shortly before their arrival[cite: 20].

Recalling the event, Otti expressed profound gratitude to God for his survival, noting that the attackers shot two individuals during the incident before searching the premises in vain for him[cite: 20]. “They jumped into the next compound and stripped the whole place. They thought I was there, but I had left,” he said[cite: 20].

The governor explained that the Solemn Assembly was convened to rededicate Abia State to God, aiming to ensure that the state’s affairs are guided by faith rather than fetish practices[cite: 20]. Earlier in the service, Coordinator of the assembly and Commissioner for Local Government and Chieftaincy Affairs, Uzor Nwachukwu, remarked that the state had been

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“SHOCK CONFESSION: Soludo’s Govt Finally Admits ‘Peter Obi Did Well As Governor’ Amid Financial Feud!”

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The Anambra State Commissioner for Information and Value Reorientation, Law Mefor, has stated that Governor Charles Soludo’s administration has no intention of indicting former governor Peter Obi. Speaking during an interview with Rudolf Okonkwo on 90MinutesAfrica, Mefor clarified that there is no personal or political rift between the two leaders, explaining that their differing positions are simply a natural part of political interest.....KINDLY READ THE FULL STORY HERE▶

  • Working with the Federal Government: Mefor noted that Governor Soludo’s cooperation with President Bola Tinubu aligns with the All Progressives Grand Alliance (APGA) tradition. He pointed out that Obi similarly maintained a working relationship with former President Goodluck Jonathan’s PDP administration during his tenure.

  • Acknowledging Past Performance: While dismissing claims that the state’s financial scrutiny is a witch hunt against Obi’s presidential ambitions or legacy, Mefor affirmed, “Peter Obi did well as governor.”

  • The Debt and Account Balance Dispute: The primary point of contention centers on financial liabilities. Mefor disputed Obi’s claim that his administration left no financial liabilities and challenged a specific claim regarding ₦2.13 billion left in an ecological fund account at First Bank’s UNIZIK branch. According to Mefor, checks by the state government revealed no such inflow or balance, challenging Obi to publish the bank statements if he believes otherwise.

  • Loan Liabilities: Mefor clarified that while borrowing is not inherently wrong—noting that Obi took about eight loans for noble causes like education, agriculture, and erosion control—the former administration did leave repayment burdens for successive governments. He referenced Debt Management Office (DM) records showing billions in domestic debt upon Obi’s departure.

  • Soludo’s Borrowing Stance: Mefor concluded that while Governor Soludo has not taken any loans since assuming office, this does not mean borrowing is entirely bad, provided the funds are tied to revenue-generating public projects.

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OK Movement Campaign Council Was Created Without My Approval – Peter Obi Backs Dickson.

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Nigeria Democratic Congress (NDC) presidential candidate Peter Obi has advised support groups against overstepping their bounds and attempting to function as a political party.....KINDLY READ THE FULL STORY HERE▶

  • Support Groups vs. Party Roles: Speaking during an Arise News interview regarding the friction between NDC national leader Seriake Dickson and the OK Movement, Obi aligned fully with Dickson’s position. He emphasized that groups like the OK Movement, the Obedient group, and Kwankwasiyya exist to support the NDC, not replace it.

  • Disowning the Campaign Council: Obi explicitly condemned the presidential campaign council formed by the OK Movement, clarifying that it was established entirely without his knowledge or approval.

  • Call for Alignment: He noted that any major actions taken by support groups backing both himself and Rabiu Kwankwaso require their explicit approval, criticizing instances where managers act contrary to official directives.

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