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Subsidy Is Gone – Tinubu Declares

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President Bola Tinubu, on Monday, in Abuja, announced that his administration will remove the subsidy on Petroleum products.

“Subsidy is gone” Tinubu exclaimed during his inaugural address at Eagle Square, Abuja, shortly after he was sworn in as the 16th President of Nigeria.

The president said there was no provision for subsidy in the national budget from June 2023 and, therefore, it stands removed.

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Speaking at his inauguration, Tinubu, on Monday, in Abuja, he revealed that his administration targets minimum GDP growth of six per cent annually.

He also promised to will lead the country with “compassion and amity towards all.”

“In economy, we’ll target not less than 6 per cent growth in GDP growth. We’ll do this through budgetary reforms. We’ll use a full range of domestic manufacturing and lessen importation,” Tinubu said in his inaugural address at Eagle Square, Abuja.

READ ALSO: JUST IN: Tinubu Sworn-in As 16th Nigeria’s President

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He promised to boost foreign direct investment by reviewing all complaints about multiple taxations.

To our foreign investors, our government will review all complaints about multiple taxations. All businesses will be allowed to repatriate hard-earned profits back home,” Tinubu added.

About an hour earlier, the former Lagos Governor had taken the oath of office as the 16th President of Nigeria alongside Vice President Kashim Shettima.

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JUST IN: Tinubu Officially Suspends 0.5% Cybersecurity Levy

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President Bola Tinubu has officially suspended the controversial 0.5% cybersecurity levy on electronic banking transactions.

Minister of Information and National Orientation Mohammed Idris said President Tinubu ordered the suspension following deliberations by members of the Federal Executive Council (FEC).

READ ALSO: Tinubu Bows To Pressure, Orders CBN To Suspend Implementation Of Cybersecurity Levy

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Idris disclosed this at the State House in Abuja on Tuesday after the FEC meeting.

Details later…

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BREAKING: ASUU Threatens Nationwide Strike

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The Academic Staff Union of Universities, ASUU, has threatened to embark on another nationwide strike to protest absence of governing councils in all federal universities across the country among other issues the government is yet to address.

The body which recalled that the federal government dissolved governing councils of the universities in May, last year, has asked Nigerians to hold the government responsible for any decision it takes to protest the action of government.

President of ASUU,Prof. Emmanuel Osodeke,spoke at a press conference which is ongoing at ASUU national secretariat,Abuja.

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Edo: Suspected Kidnappers Attack Bus Conveying Dangote Cement Workers, Abduct Occupants

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Gunmen suspected to be kidnappers have attacked a bus conveying Dangote Cement workers to Okpella Town in Etsako East Local Government Area of Edo State.

A statement issued by Edo State Police Public Relations Officer, Chidi Nwabuzor, on Tuesday said the suspected kidnappers attacked the bus conveying the workers from the factory to Okpella town and in the process took the passengers into the bush.

According to the statement, alerted by the incident, the “Divisional Police Officer mobilized his Operatives, Vigilantes group, and the Hunters into the forest for a vigorous bush combing operations to rescue the victims unhurt and to arrest the kidnappers.”

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The statement added that “in the process, one Omoba “M” whose other names are unknown was rescued, and at a look, it was discovered that he was with some bullet injuries on the back, shot by the hoodlums. He was immediately rushed to Halimatu Musa Hospital for medical attention.”

“Meanwhile, one other victim who was earlier shot at the point of the attack and another victim one Victor Okon, were rushed to the same hospital for treatment,” he added in the statement.

Nwabuzor in the statement said the Commissioner of Police, Funsho Adegboye, has therefore given “a marching order to the Divisional Police Officer Okpella Division, the Vigilantes group and the Hunters to intensified the bush combing exercise in ensuring a speedy rescue of the remaining victims and to effect the arrest of the kidnappers.”

He said CP gave the “directive during his visit to Dangote Cement Factory Okpella and the Halimatu Musa Hospital, where he met with the injured victims of the kidnap.”

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