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Shock Clarification: Shettima Denies Subsidy Removal Was In Tinubu’s Inaugural Speech

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Vice President Kashim Shettima has clarified that the removal of fuel subsidy by President Bola Tinubu on May 29, 2023, at Eagle Square, Abuja, was a personal and bold policy decision, and not part of his official inauguration speech.....KINDLY READ THE FULL STORY HERE▶

He made the clarification while speaking at the Nasarawa Economic Summit 2026, where he served as Special Guest of Honour.

Shettima explained that the decision triggered major shifts in petrol prices and the overall cost of living, but insisted that the reforms were necessary to rescue Nigeria’s economy from deeper crisis.

According to him, the Tinubu administration inherited a fragile economic situation, including very low foreign reserves that could barely support fuel imports for a short period.

“Some of the economic decisions that the Presidency took were almost inevitable because even our national reserves were paltry and not even enough to import fuel for one month,” he said.

He added that President Tinubu deliberately avoided announcing the severity of the situation publicly at the time, instead taking what he described as a difficult but necessary step behind the scenes.

“The removal of the fuel subsidy was not part of his official speech. He kept it close to his heart,” Shettima stated.

The Vice President also maintained that the administration’s reforms are beginning to yield positive results, noting improvements in investor confidence, capital market performance, and foreign reserves.

He claimed that the economy is gradually stabilising, with rising stock values and renewed interest from investors.

“Confidence is returning to the marketplace… Capital follows credibility, stability, and direction,” he said.

Shettima’s comments come shortly after President Tinubu told investors in Paris that Nigeria had achieved foreign exchange stability following the removal of fuel subsidy, describing it as a key step in easing economic pressure.

Meanwhile, Finance Minister Wale Edun and other officials have continued to defend the policy, insisting it has helped remove long-standing distortions in the economy and will support long-term growth despite short-term hardship.

The subsidy removal remains one of the most controversial reforms of the Tinubu administration, with government officials highlighting economic gains while many Nigerians continue to feel the impact on transport, food, and living costs.

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Antonio Rudiger Apologises After Dressing Room Clash At Real Madrid

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Real Madrid defender Antonio Rudiger has issued an apology to teammate Álvaro Carreras following a reported altercation in the dressing room after the club’s 1-1 draw with Real Betis.....KINDLY READ THE FULL STORY HERE▶

According to reports, the incident occurred at the training ground two weeks ago, where Rudiger allegedly lost his temper and had to be separated from Carreras.

Carreras has since acknowledged that there was a disagreement but downplayed its seriousness, insisting the issue has already been resolved internally within the squad.

He said the situation was an isolated case and stressed that his relationship with all his teammates remains strong and unaffected.

The left-back, who returned to Real Madrid last summer from Benfica in a deal worth around €50 million, has recently been the subject of speculation regarding tensions in the dressing room.

Meanwhile, Spanish media reports suggest Rudiger has taken steps to mend relations, including organising a team dinner with players and their families last Friday.

The episode comes amid a challenging period for the club. Former coach Xabi Alonso reportedly left in January following internal unrest, while his successor Álvaro Arbeloa is expected to depart at the end of the season.

Off-field attention has also turned to Kylian Mbappé, who travelled to Sardinia while recovering from a hamstring injury sustained against Betis. Real Madrid went on to secure a 2-0 win over Espanyol during his absence.

Mbappé was later spotted on a yacht with actress Ester Expósito, drawing criticism ahead of Sunday’s El Clásico against Barcelona at Camp Nou, where Barcelona need just a point to clinch the league title.

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Lagos Seals Balmoral Convention Centre, Restaurant Over Sewage Violations

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The Lagos State Wastewater Management Office (LSWMO) on Tuesday, May 5, 2026, shut down Balmoral Convention Centre in Victoria Island for allegedly discharging raw sewage into a public drainage system.....KINDLY READ THE FULL STORY HERE▶

According to a statement from the Commissioner for Environment and Water Resources, Tokunbo Wahab, the enforcement followed reports that the facility was pumping untreated waste into drains, alongside wastewater spillages from a blocked sewage chamber. The situation reportedly caused a foul smell and environmental nuisance in the area.

The statement confirmed that the centre was sealed after investigations showed improper wastewater management practices that violated environmental regulations.

In a separate operation, officials also sealed Foodies Restaurant at No. 32B Admiralty Way, Lekki Phase 1, Eti-Osa, for releasing untreated wastewater into public drains.

Authorities said the restaurant’s waste contained heavy deposits of oil and fat, which blocked drainage channels, leading to pollution, offensive odour, and disruption of the environment, despite prior warnings.

The Lagos State Government reiterated its warning to residents and business operators to adhere strictly to approved wastewater disposal guidelines.

It added that any individual or organisation found violating environmental laws would face sanctions, including possible prosecution, in line with existing regulations.

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Drama Erupts As Angry Crowd Invades MTN Headquarters In Abuja,

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Activists and other demonstrators on Wednesday stormed the MTN Nigeria head office in Abuja to protest the high cost of telecommunications services.....KINDLY READ THE FULL STORY HERE▶

The protest was led by activist Omoyele Sowore, with participants chanting “MTN Ole!” as they gathered at the company’s premises.

The protesters demanded immediate action, accusing the telecom operator of imposing excessive charges and delivering poor service quality.

One of the demonstrators complained that many Nigerians pay large sums for data but often do not receive the value of services promised, describing it as a widespread issue affecting subscribers across the country.

This development comes as the leadership of the National Association of Nigerian Students (NANS) announced plans to stage picketing actions against South African companies MTN and MultiChoice over alleged xenophobic attacks in South Africa.

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