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Subsidy: Tinubu Tackles Hardship With N500bn Palliatives, Rolls Out 3000 20-seater Compressed Natural Gas Buses

President Bola Tinubu has unveiled measures to cushion the effects of the economic downturn, caused by fuel subsidy removal, in the country, telling Nigerians he understood the hardship and came to help, not to hurt them.
The President approved N100 billion for the procurement of 3000 20-seater buses fueled by Compressed Natural Gas, CNG, to ease the high cost of transportation caused by fuel subsidy removal.
In a 41-point, 1794-word national broadcast on the current economic challenges, yesterday, Tinubu assured Nigerians that things would get better soon.
Titled: “After Darkness Comes the Glorious Dawn,” Tinubu in the broadcast said to reform the economy for long-term good, fuel subsidy and multiple exchange rates had to go.
READ ALSO: Subsidy Removal: Nigeria On Brink Of Collapse — Catholic Bishops
Tinubu, who disclosed that Nigeria had saved N1 trillion from subsidy removal in two months, however, said “We are also monitoring the effects of the exchange rate and inflation on gasoline prices. If and when necessary, we will intervene.”
3000 CNG buses
He said: “Part of our programme is to roll out buses across the states and local governments for mass transit at a much more affordable rate. We have made provision to invest N100 billion between now and March 2024 to acquire 3000 units of 20-seater CNG-fuelled buses.
“These buses will be shared with major transportation companies in the states, using the intensity of travel per capita. Participating transport companies will be able to access credit under this facility at 9% per annum with 60 months repayment period.
READ ALSO: Delta Commences Recruitment Of Pry Sch Teachers, Clerical Officers, Others In 22 LGAs
“In the same vein, we are also working in collaboration with the Labour unions to introduce a new national minimum wage for workers. I want to tell our workers this: your salary review is coming.
“Once we agree on the new minimum wage and general upward review, we will make budget provision for it for immediate implementation.”
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Ovia South West Council Chairman, Edobor Bags National Merit Award
The Acting Chairman of Ovia South West Local Government Council in Edo State, Hon. Charles Nosakhare Edobor, has bagged the 2025 Nigerian Local Government Merit Award (LOGMA).
He was awarded as the Best Performing Local Government Chairman in Nigeria (Security and infrastructure development, purposeful leadership).
Speaking after being conferred with the prestigious award, Edobor applauded the organizers for recognizing his administration’s commitment to localizing good governance.
He highlighted his leadership’s remarkable strides in building a sustainable, livable, and prosperous council area through numerous people-oriented programmes and projects-particularly in road infrastructure and the provision of basic social amenities.
READ ALSO:Why We Arrested Sowore – Police
Edobor dedicated the award to the Governor of Edo State, Senator Monday Okpebholo, and to the good people of Ovia south west Local Government Area.
He expressed satisfaction with the honour. He emphasized that the award would further spur him to work harder in pursuing people-centred programmes aligned with Senator Monday Okpebholo’s S.H.I.N.E and President Bola Ahmed Tinubu’s Renewed Hope Agenda.
Edobor commended Governor Okpebholo for his visionary leadership and unwavering support for local government administrations across the state.
He reaffirmed his administration’s commitment to deepening rural development, empowering youth and women, and ensuring the dividends of democracy reach every ward in Ovia south west local government.
READ ALSO:How I Nearly Abandoned Presidential Library Project – Obasanjo
Earlier, in his welcome address at the event which held on Wednesday at the National Merit House, Abuja, the National Coordinator of LOGMA, Chief Bayode Ojo, stated that the award was designed to showcase the achievements of local government chairmen and reward excellence in grassroots governance – particularly those who have demonstrated exceptional commitment to promoting grassroots development despite the challenges confronting the third tier of government.
He congratulated all the awardees for making the final list after rigorous scrutiny and spot-checking of some of their executed projects to verify the authenticity of their claims.
Chief Ojo further urged the awardees to continue to be shining examples of sustainable growth at the grassroots and in the country at large.
News
JUST IN: Tinubu Sacks CDS Musa, Names New Army Boss
President Bola Tinubu has made changes in the hierarchy of the Service Chiefs in furtherance of the efforts of the Federal Government of Nigeria to strengthen the national security architecture.
READ ALSO:BREAKING: Tinubu swears In New INEC Chairman, Amupitan
The President appointed General Olufemi Oluyede to replace General Christopher Musa as the new Chief of Defence Staff.
More to follow…
News
Lagos Inaugurates 24-hour Traffic Management Operations
The Lagos State Government has launched two transformative initiatives designed to recalibrate traffic governance and restore environmental sanctity across the metropolis.
In a visionary bid to guarantee seamless mobility and safe commuting at all hours, the Lagos State Traffic Management Authority (LASTMA) has formally instituted a 24-hour operational framework for traffic management and enforcement across Lagos State.
The groundbreaking initiative, officially commissioned by the Special Adviser to the Governor on Transportation, Sola Giwa, constitutes a seminal moment in the evolution of Lagos’s transportation governance.
It manifests Governor Babajide Olusola Sanwo-Olu’s strategic ambition to ensure the uninterrupted movement of people, goods and services within Nigeria’s economic epicentre—a city that operates continuously, unhindered by congestion or disorder.
According to Giwa, the 24-hour operational regime epitomises the administration’s steadfast dedication to constant vigilance, operational efficiency and disciplined traffic regulation, especially as the metropolis approaches the festive period, traditionally characterised by heightened vehicular and commercial activity.
READ ALSO:‘One-way’ Driver Kills Tricyclist, Flees Scene – LASTMA
This information was contained in a statement yesterday by the Director, Public Affairs and Enlightenment Department of LASTMA, Adebayo Taofiq.
He elaborated that the framework is meticulously designed to facilitate continuous monitoring, rapid emergency response and immediate clearance of traffic obstructions irrespective of time, thereby mitigating congestion and enhancing the commuter experience.
“This initiative exemplifies the Lagos State Government’s resolute commitment to safeguarding mobility, preserving lives and sustaining economic productivity through perpetual traffic oversight,” Giwa stated.
A pivotal component of the initiative is the establishment of the Night Rapid Response Gang, a specialised unit within LASTMA charged with swiftly addressing nocturnal traffic incidents, including vehicular breakdowns, collisions and other obstructions along critical arteries of the metropolis.
In tandem with these traffic management reforms, the Lagos State Government also executed a comprehensive clearance operation along Apapa Road, Costain and the Ijora Under Bridge, eliminating illegal structures, shanties and unregulated trading that had long obstructed free vehicular flow and compromised public safety.
READ ALSO:JUST IN: LASTMA Rescues Two Accident Victims In Lagos, Blames Brake Failure
The far-reaching enforcement exercise, spearheaded by Sola Giwa in coordination with LASTMA, the Nigeria Police Force, Mobile Police (MOPOL), the Lagos State Task Force and the Lagos State Environmental Sanitation Corps (LAGESC), culminated in the removal of unauthorised traders, makeshift structures and multiple environmental infractions.
During the operation, enforcement teams uncovered an illegal diesel dumping site and impounded substantial quantities of expired plantain chips and cheese balls, stored under unsanitary conditions—a testament to the government’s prioritisation of public health and environmental integrity.
The exercise followed persistent warnings and public sensitisation campaigns urging illegal occupants under bridges to vacate. Teams also identified blocked drainage channels choked with metallic debris, contributing to perennial flooding and environmental degradation.
Furthermore, several commercial buses and tricycles operating unlawfully along the newly constructed Costain Bridge and Apapa Road were impounded.
READ ALSO:EFCC Probes Travellers Over Undeclared $6m, £53,000 At Lagos Airport
Shanties adjacent to St. Catholic Church School, Apapa Road, were demolished, reinstating the area to its intended urban and educational purpose, while criminal hideouts beneath the Ijora Bridge were dismantled to enhance public security.
Giwa reaffirmed that the Sanwo-Olu administration will not compromise on public safety, environmental protection or the rule of law, stressing that Lagos must remain a city distinguished by structure, order and discipline.
General Manager of LASTMA, Olalekan Bakare-Oki, appealed to traders, transport operators and commuters to comply with government directives, utilise designated markets and parking facilities, and actively support the administration’s efforts to maintain a safe, efficient and orderly metropolis.
He emphasised that the integration of 24-hour traffic management with environmental enforcement represents the Lagos State Government’s holistic approach to sustainable urban mobility—one that blends innovative regulation, proactive enforcement and civic responsibility.
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