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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.
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“They Saw My Boy And Opened Fire”: Daddy Showkey Breaks Silence On Brutal Assassination Attempt.
Veteran Nigerian musician John Asiemo, widely known as Daddy Showkey, revealed during an interview with The Podcast Network that he survived an alleged assassination attempt when armed motorcyclists opened fire on his vehicle at a filling station.....KINDLY READ THE FULL STORY HERE▶
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The Car Attack: Showkey noticed four men on motorcycles trailing him and drove into a fuel station, where the suspects followed and began shooting repeatedly at his car, riddling it with bullets.
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The Escape: Fearing for his life, he pretended to be dead before forcefully pushing his car door open to knock down one of the gunmen, whom he then confronted and fought until the attacker fell.
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The Prior Home Invasion: The musician connected this incident to an earlier attack at his residence, which occurred approximately three months prior when armed men invaded his home while he was away.
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Tragic Loss: Mistaking a large-built worker at the compound for Showkey’s personal security guard, the intruders shot him in the chest; although rushed to the hospital, the worker ultimately succumbed to his injuries during treatment.
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High-Stakes Showdown: Rinsola Babajide emphasizes that the Super Falcons are fully prepared for their crucial 2026 Women’s Africa Cup of Nations (WAFCON) quarter-final against Cameroon at the Larbi Zaouli Stadium in Casablanca on Sunday at 6 p.m., with a spot in the 2027 FIFA Women’s World Cup also at stake.....KINDLY READ THE FULL STORY HERE▶
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Tournament Path: Defending champions Nigeria overcame a shaky start to secure second place in Group C, while an unbeaten Cameroon side topped Group D to set up this demanding test for Justin Madugu’s team.
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Player Confidence: Recognizing their past encounters and opponent strengths, Babajide expressed excitement and readiness, calling it the biggest match of her career due to the immense importance of securing a World Cup ticket.
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Dual Objectives: Babajide reaffirmed that the team’s goals are clear: defend their record-extending 10th WAFCON title, punch their ticket to the 2027 Women’s World Cup, and make Nigeria proud.
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Popular Nigerian content creator Elizabeth Amadou, widely known as Jarvis, has debunked online rumors suggesting she is pregnant for her husband, Peller, following speculations sparked by changes in her facial appearance. Rumors had spread that her fuller face was a sign of pregnancy and that she and Peller had accelerated their wedding plans due to an expected child.....KINDLY READ THE FULL STORY HERE▶
Addressing these claims during a livestream, Jarvis clarified that the alteration in her facial structure is actually the result of a previous medical operation on her jawline. She shared that she might undergo a corrective procedure to refine her facial appearance after completing her upcoming white wedding ceremony.
“All of you who have been laughing at me because my face looks fat didn’t know I had surgery on it. That’s why it looks bigger. Don’t worry, when I am done with my white wedding, I am going to do another surgery to fix my face.”
Previously, in November 2024, Jarvis underwent a surgical procedure to successfully remove a painful and discomforting tumor from her jawline.
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