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Fuel Subsidy Removal: Labour Leaders React To Tinubu’s Inaugural Speech

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Some stakeholders in the oil and gas industry have commended President Bola Tinubu’s pronouncement on removal of fuel subsidy.

They made the commendations in seperate interviews with the News Agency of Nigeria (NAN), in Lagos on Monday after Tinubu’s inaugural speech as Nigeria’s President.

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Mr Mike Osatuyi, the National Operations Controller, lndependent Petroleum Marketers Association of Nigeria (IPMAN), said that the removal was a welcome development geared toward revamping the downstream sector of oil and gas industry.

Osatuyi said that Tinubu had promised to remove fuel subsidy right from the first day of his campaign.

NAN reports that the president during his inaugural address, promised to end fuel subsidy, insisting that no budgetary allocation was made in the 2023 budget.

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READ ALSO: Subsidy Is Gone – Tinubu Declares

Tinubu promised to focus subsidy funds on infrastructural projects, education and healthcare.

According to Osatuyi, the pronouncement is part of his campaign promises.

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He said that Tinubu during his campaign had said that from day one of his administration that he would remove fuel subsidy.

“The money used on subsidy will be diverted to develop other sector.

“That means Tinubu has begun to fulfill his campaign promises,” he said.

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The IPMAN boss said that the removal would bring about competition among players and also address the issue of monopoly.

Osatuyi said that the subsidy removal would lead to market liberalisation, availability of product and check excesses of middlemen.

He, however, said that there would be increase in price of petroleum but added that there would be competition.

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Osatuyi noted that the money saved from subsidy removal would be used to boost the economy and the well-being of Nigerians.

“I commend his effort and laud the courage for taking the bull by the horn.

READ ALSO: Subsidy: Nigeria Spends N50bn Daily To Service The Rich

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Also, Mr Tunji Oyebanji, Managing Director, 11 Plc, said that the pronouncement was a timely decision for the country.

Oyebanji, however, said it was not clear if the removal of fuel subsidy was with immediate effect.

Scarce resources will be channelled to productive sectors of the economy.

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“Borrowing levels will reduce significantly. It may possibly lead to the strengthen of the Naira,” he said.

Mr Obafemi Olawore, former Executive Secretary of the Major Oil Marketers Association of Nigeria

(MOMAN), who supported the subsidy removal, said there was need for the nation to move toward full deregulation.

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However, as a new admintration, it must be done in phases; over six to 12 months to give room for consultation and engagement so as to make it bearable and less painful.”

READ ALSO: Fuel Subsidy: ‘Suspend Disbursement Of $800m Loan To FG’, SERAP Tells World Bank

Mr Joe Nwakwue, an oil and gas consultant and a former Chairman, SPE Nigerian Council, said that President Tinubu was right when he said that petroleum subsidies are no longer sustainable.

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Nwakwue said that considering the pain and social implications of removal, it would be irresponsible for any government to just yank it off without a plan.

“A multi-month plan that addresses key fuel market issues/challenges and measures to alleviate the pain needs to be crafted, adopted and rolled out.

“A knee jerk removal would be painful to the consuming public and potentially catastrophic to the economy,” he said.

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Police Pension Scheme Violates Constitution, IHRC Tells Tinubu

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The International Human Rights Commission, Nigeria, has thrown its weight behind the renewed push by the Inspector-General of Police, Kayode Egbetokun, for a comprehensive reform of the Contributory Pension Scheme, as it affects retired officers of the Nigeria Police Force.

This is contained in a diplomatic memo addressed to President Bola Tinubu and titled “A Diplomatic Appeal for Police Pension Welfare Reform in Line with the Constitution of the Federal Republic of Nigeria.”

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In a statement signed on Saturday by IHRC’s Head of Media and Strategic Communications, Fidelis Onakpoma, the commission said the current pension arrangement for police personnel amounts to a constitutional breach and urged the President to take urgent corrective action.

The Head of Mission, IHRC , Ambassador Duru Hezekiah, was quoted in the statement as saying, “The commission firmly supports the Inspector-General of Police’s ongoing advocacy for a just and equitable pension scheme for retired police officers.

“We call on President Tinubu to urgently address the systemic flaws in the Contributory Pension Scheme, which violate constitutional provisions guaranteeing dignity and adequate social support for public officers.”

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READ ALSO:Human Trafficking: Police Rescue 40 Ghanaians, Arrest Three In Ondo

Citing Sections 17(3)(f) and 34(1)(a) of the 1999 Constitution (as amended), IHRC said the Nigerian state is legally bound to ensure the welfare and dignity of its retired officers, a responsibility it is currently failing in.

According to the commission, thousands of retired police officers are living in hardship under a pension system that disregards the realities of law enforcement service.

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The Constitution mandates the state to ensure the wellbeing of retired officers, not to abandon them to a broken system.

“The current structure of the CPS as applied to the police is inadequate, unfair, and incompatible with Nigeria’s constitutional values. These officers spent their lives in service—often in the face of extreme danger—yet they retire into poverty and indignity,” the IHRC stated.

The commission’s intervention follows a high-level meeting convened by the IGP on July 1, 2025, at the Force Headquarters in Abuja.

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READ ALSO:Police Arrest Cleric Over Alleged Defilement Of Underage Girl In Osun

The meeting brought together delegations from the National Association of Retired Police Officers of Nigeria, led by AIG Paul O. Ochonu (retd.), and the Coalition of CPS Retirees, led by CP Henry Njoku (retd.), to address mounting concerns over pension inadequacies.

During the meeting, Egbetokun reiterated his resolve to push for a more just and practical pension structure, describing the current system as a gross injustice.

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Our retirees deserve dignity, support, and a structure that reflects their sacrifice and service to Nigeria.

“We cannot continue to subject our heroes to a pension scheme that is clearly unfit for the nature of their work and the risks they bore,” the IG declared.

Egbetokun’s comments echoed sentiments he had expressed earlier in February during an interactive session with retired officers at the Police Resource Centre in Abuja, where he criticized the CPS as “deeply flawed and unfit for the realities of Police service.”

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READ ALSO:NMA Gives FG 21 Days To Avert Doctors’ Strike

The IHRC amplified this concern, highlighting what it described as an unjust disparity between Police and military retirees.

While the latter are exempted from the CPS and benefit from a more suitable pension arrangement, police retirees, the commission said, continue to suffer from a scheme that fails to provide basic security in old age.

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The military has rightly been removed from the CPS because of the peculiar nature of their job. The same logic applies—if not more so—to police personnel.

“Our police officers risk their lives daily, and they deserve a pension structure that reflects that reality. Anything less is an affront to justice, equity, and national security,” said Hezekiah.

In line with Tinubu’s Renewed Hope Agenda, the IHRC urged the Presidency to act decisively in addressing the disparity and upholding the constitutional and moral obligations of the state to its law enforcement agents.

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Reforming the police pension structure is not merely a policy issue—it is a constitutional and moral obligation. We believe this government has the opportunity to right this historical wrong and restore dignity to our Police retirees,” the statement read.
(PUNCH)

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FG To Spend N17bn On Lagos Bridge Damaged By Fire

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The Federal Government has negotiated the cost of the Iddo Bridge rehabilitation from an initial N27bn to N17bn.

The Minister of Works, Sen. Dave Umahi, made this known to journalists during an inspection of the bridge on Friday in Lagos.

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He said, “Julius Berger quoted, I think, N27 billion or thereabout, but after much negotiation and discussion, we now arrived at N17 billion.”

Umahi commended Julius Berger Nig. Plc. for demonstrating a sense of cooperation under its new leadership.

He described the company as a “born-again Berger”, attributing the breakthrough in negotiation to the understanding and openness of its new managing director.

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READ ALSO:FG Gives Overstaying Foreigners Ultimatum To Regularise Visa

The minister reiterated the government’s commitment to prudent spending, insisting that all contractors must align with the ministry’s standards and directives.

Umahi noted that the project had been reviewed from mere rehabilitation of the burnt section to a major work.

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He expressed concern over the poor condition of the bridge, blaming it on years of neglect and human abuse, including illegal occupation and collisions by heavy-duty trucks.

He said that three spans of the bridge were severely damaged by fire, which he attributed to activities of illegal occupants who had built makeshift homes under the bridge.

READ ALSO:FG Closes Case In Alleged Terrorism Trial Against Nnamdi Kanu

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They brought in chemicals, built block walls and set up homes. Then, they set up fire that burnt the bridge and damaged three spans. Now we are going to fix the bridge completely,” Umahi said.

The minister said the Iddo Bridge, now with a headroom of about 4.5 metres, had suffered significant structural damage due to continuous hits from trucks and illegal structures beneath it.

He announced that the ministry would be creating a headroom of at least 5.6 metres.

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He said that the Federal Ministry of Works was committed to restoring the bridge for the safety of all Nigerians and ensuring such incidents would not occur again.

READ ALSO:NMA Gives FG 21 Days To Avert Doctors’ Strike

On the issue of displaced persons, the minister said that no one would be allowed to return under the bridge.

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“Nobody will stay under Iddo Bridge again as long as I remain the Minister of Works.

“The lives of the people are more important,” he said.

He warned that the government would no longer tolerate any abuse of national infrastructure.
NAN

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Ex-Army Chief Proposes Mandatory Military Training For Nigerians

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Lt.-Gen. Azubuike Ihejirika (retd.),

A former Chief of Army Staff, Lt.-Gen. Azubuike Ihejirika (retd.), has called for the introduction of mandatory military training for all Nigerians, beginning with the National Youth Service Corps.

This, he said, is a way of promoting national unity, discipline, and resilience in the face of growing security and social challenges.

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Ihejirika made the call on Friday night at the 50th anniversary of the Nigerian Defence Academy Regular Course 18 Alumni Association in Abuja.

He reflected on his early days in military service and the camaraderie built over the years with fellow officers.

READ ALSO:FULL LIST: Nigeria Emerges As Africa’s Third Most Formidable Military Force

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The former Army chief said the discipline and patriotism instilled in them during training were instrumental in shaping their careers and national contributions.

Given the current situation of things in our country, I believe it’s time we start thinking about mandatory military training for our citizens.

“We can start with the National Youth Service. This will help us build a generation of Nigerians who understand sacrifice, responsibility, and patriotism,” he said.

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Ihejirika praised the government’s decision to restore the old national anthem, saying it reinforces the spirit of unity.

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He emphasised that the line “Though tribe and tongue may differ, in brotherhood we stand” perfectly captures the essence of national service and shared identity.

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He also expressed concern over how the national anthem is now reduced to mere fanfare at official events.

It should be a daily reminder of our oath of allegiance. It must return to schools, communities, and national ceremonies,” he said.

Drawing from his own life experience, Ihejirika recounted his humble beginnings from his village in Abia and how military discipline transformed him.

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He credited the support of colleagues and mentors for his successful career, which culminated in his appointment as Nigeria’s 22nd Chief of Army Staff.

READ ALSO:542 Senior Military Officers Retire

Beyond his advocacy, the retired general also commended the current leadership of the Nigerian Armed Forces, describing them as highly experienced and well-trained.

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Many of the officers leading today served in Liberia, Sierra Leone, and other conflict zones.

“They have earned their stars through real battle experience and are doing remarkably well,” he added.

He urged Nigerian leaders at all levels to prioritise peace and stability, reminding them that no office or position is sustainable in the absence of national unity.

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The News Agency of Nigeria reports that the dinner had in attendance the Minister of State for Defence, Chief of Defence Staff and representatives of service chiefs amongst other dignitaries.

NAN

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