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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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The War Within: APC Rejects Fraudulent Claims Amidst Mounting Primary Election Drama!.

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The All Progressives Congress (APC) has officially declared as fake the list currently circulating online that claims to reveal the winners of its recent primary elections. In a statement issued on Sunday, National Publicity Secretary Felix Morka clarified that the party has not yet published any official results.....KINDLY READ THE FULL STORY HERE▶

Official Procedures for Candidates To ensure clarity, the party outlined the standard process for confirming successful aspirants:

  • The APC will notify successful candidates directly through its established, official communication channels.

  • Certificates of Return will be issued to these candidates only after they have been formally notified.

  • The party has urged members, stakeholders, and the public to disregard any unauthorized reports, emphasizing that such claims are false and should not be treated as official information.

APC Responds to Peter Obi’s Allegations In separate political developments, Dr. George Agbakahi, an APC chieftain in the South-East, has strongly rejected claims by former Labour Party presidential candidate Peter Obi that there is a plot to block his candidacy for the 2027 election. Dr. Agbakahi labeled the allegations as “baseless, unfortunate, and politically motivated”.

  • Agbakahi challenged the need for credible evidence, stating that any accusations of executive interference in the electoral process must be supported by verifiable proof.

  • He noted that there is no public evidence suggesting that the Federal Government or the Presidency is attempting to prevent qualified opposition figures from participating in the 2027 race.

  • Addressing concerns regarding the Nigeria Democratic Congress, he clarified that the party’s current legal challenges are the result of internal political disputes rather than government action, and he reminded the public that the Nigerian judiciary remains an independent body where parties can seek legal redress.

Is there anything else regarding 2027 political updates or party statements you would like me to process?

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Power To The States! National Assembly Finalizes Transmission Of Revolutionary State Police Bill!.

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The National Assembly is scheduled to transmit the Constitution Alteration Bill regarding the creation of state police to the 36 state Houses of Assembly this week. This legislative action follows the bill’s passage in the Senate, with the next constitutional step requiring approval from at least 24 state assemblies before the bill can be forwarded to President Bola Ti....KINDLY READ THE FULL STORY HERE▶

Legislative Process and Consultation Yemi Adaramodu, Chairman of the Senate Committee on Media and Publicity, confirmed that state speakers and governors are prepared to receive the bill following their engagement during the Senate’s consideration process. Senate Leader Opeyemi Bamidele emphasized that the bill, which secured 84 out of 109 votes in the Senate—a 77.06% approval rate—is a product of rigorous, multi-tiered consultations involving the executive branch, state governors, speakers, and police leadership.

Key Provisions and Perspectives The proposed amendment aims to implement a dual policing structure:

  • Structure: States will be empowered to create and maintain their own police services.

  • National Security: The Nigeria Police Force will continue to manage national security issues, including terrorism, cybercrime, border security, and arms trafficking.

  • Safeguards: The bill includes protections against potential abuse, specifically prohibiting state police from targeting individuals or groups based on criticism of government authorities.

Stakeholder Reactions The proposal has generated varied responses from political stakeholders:

  • Supporters: Benue State Governor Hyacinth Alia lauded the passage as a significant move to enhance Nigeria’s security architecture. The Labour Party (LP) also expressed support, noting that the bill would encourage community-based policing.

  • Opponents: The Peoples Redemption Party (PRP) has expressed opposition, raising concerns regarding the timing and the credibility of the legislative process.

  • Senate Stance: Senate Leader Bamidele maintained that the initiative is driven by critical national security needs rather than political agendas, urging opposition parties to provide

nubu for his assent.

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“It’s Time!” Senate Leaders Defend Controversial State Police Bill Amid Growing Security Crisis!.

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The Senate has defended its recent approval of the Constitution Alteration Bill aimed at establishing state police, emphasizing that the initiative is a response to urgent national security demands rather than political motives. The bill, which passed on Wednesday following a support vote from more than two-thirds of the senators, was framed by Senate Leader Opeyemi Bamidele on Sunday as a “child of necessity” and a result of national consensus.....KINDLY READ THE FULL STORY HERE▶

Consultation and Broad Support According to Bamidele, the proposal was developed through extensive consultations conducted by the Senate Ad-hoc Committee on the Review of the 1999 Constitution. Key aspects of the legislative process include:

  • The Senate consulted extensively with various stakeholders, including the Executive, the Nigeria Governors’ Forum (NGF), state assembly speakers, police leadership, and others.

  • At every stage of the consultation process, stakeholders largely embraced the bill, citing the stark security realities currently facing the country.

  • The bill garnered bipartisan support in both chambers of the National Assembly.

  • Opposition party members from the PDP, ADC, NDC, and Labour Party supported the bill in the interest of national stability rather than partisan concerns.

  • In the Senate, 84 out of 109 members voted in favor of the bill, representing a 77.06 percent approval rating.

Call for Constructive Engagement Bamidele urged opposition parties to move beyond disagreement and provide constructive input on national security. He noted that political differences should not prevent parties from supporting reforms intended to foster peace and stability across the nation.

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