/ Oct 22, 2026
/ Oct 22, 2026

No going back’ Tinubu defends fuel subsidy removal

Published on

By

President Bola Tinubu has ruled out a return to fuel subsidy, insisting that his administration will not reverse the policy introduced when he assumed office in May 2023.

 

The President said the removal of the subsidy was a necessary economic reform, arguing that the government could no longer sustain the cost of subsidising petrol.

According to Channels Television, Tinubu spoke on Monday during a meeting with members of the City Boy Movement, a youth-driven political and advocacy group established to promote his administration’s agenda.

“I came, and I removed the subsidy on my first day. Nigeria would have gone bankrupt; there was nothing left to pay for subsidies,” the President said.

Tinubu also dismissed the possibility of reversing the policy, using a biblical and Quranic analogy to emphasise his position.

“I remember my scripture studies, both in the Bible and the Holy Quran. When Moses (Musa) left Egypt, the Red Sea parted and gave way. You cannot ask Moses to go back to Egypt. With your energy and support, we will never go back to Egypt,” he said.

Tinubu Urges Youths to Promote Government’s Achievements

The President commended the City Boy Movement for supporting his administration and urged its members to communicate the government’s policies and achievements to Nigerians at the grassroots.

He encouraged the group to engage young people in universities, markets and communities, stressing the importance of voter participation ahead of the coming election.

“Make sure every young person you know has a PVC and uses it. Tell them what we have done and tell them what we will do. Campaign with your ideas,” Tinubu said.

He also expressed confidence in the political support available to his administration, saying the contributions of those working with him had strengthened his confidence ahead of the next election.

Fuel Subsidy Removal Continues to Face Criticism

Tinubu announced the removal of petrol subsidy during his inauguration on 29 May 2023, a decision that triggered an immediate increase in petrol prices and intensified pressure on households and businesses.

Petrol prices, which were below ₦200 per litre before the policy change, have since risen sharply. Channels Television reported that pump prices at major filling stations were hovering between ₦1,350 and ₦1,405 per litre as of its October 19, 2026, report.

The policy has attracted criticism amid rising living costs and the impact of higher transport and energy expenses on Nigerians.

However, the Federal Government has maintained that ending the subsidy is necessary to reform the economy and redirect public resources towards other priorities.

Tinubu’s latest remarks reinforce his administration’s position that reinstating the fuel subsidy is not an option, despite continuing public concerns over the cost of living.

You May Like

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Must Read

Protesters march during a demonstration in Paris, France, on October 6, 2026, amid nationwide protests over rising living costs and learning conditions.

Macron tightens security as France bans new protests

French authorities have imposed fresh restrictions on protests across the country following violent clashes, looting and vandalism that erupted during demonstrations over the rising cost of living.   President Emmanuel Macron announced the measures on Thursday, October 22, after meeting key ministers and intelligence officials. The restrictions include curfews and bans on demonstrations organised by what the government describes as groups without legitimacy. Macron said restoring calm was the government’s immediate priority, adding that he would chair another defence council meeting on Friday to determine how to respond to nationwide demonstrations planned for Saturday and beyond. He blamed organised far-left groups for the worst of last weekend’s violence, accusing them of attempting to undermine the French republic. France Tightens Protest Restrictions The latest measures follow clashes on October 17, when demonstrations involving more than half a million people against rising living costs were followed by widespread looting and damage to public buildings. The government has acknowledged that police lost control during the unrest, while political candidates seeking to succeed Macron in presidential elections expected in six months have questioned the authorities’ ability to restore order. In Paris, a student demonstration went ahead on Thursday after an emergency court overturned a police ban. Hundreds attended the rally, which followed four weeks of student protests before the October 17 demonstrations. Student leader Coppelia Moreau accused the authorities of attempting to distinguish between acceptable and unacceptable protesters, arguing that the restrictions threatened the right to demonstrate. Authorities in Lyon, France’s third-largest city, banned all protests scheduled for Saturday. The city experienced the looting of between 200 and 300 shops during last weekend’s unrest, while a tourist office was set on fire. Other cities, including Grenoble, Rouen, Le Havre and Toulon, also announced restrictions on demonstrations in their city centres. In Paris, police said a march planned for Saturday could proceed in the eastern part of the capital, beginning at Bastille, but would not be allowed to enter the city centre, where major public buildings and shops are located. The Yellow Vest movement, which has joined trade unions in organising the cost-of-living demonstrations, rejected the restrictions. Meanwhile, Art Basel Paris, the capital’s biggest art fair, announced that it would close two days earlier than scheduled because of the planned protests. France’s Interior Ministry said 20 per cent more police officers would be deployed on Saturday than during the previous weekend’s demonstrations. Arrests Rise as Government Seeks Dialogue The French government has promised a firm response to the violence, although Macron has ruled out declaring a state of emergency. Justice Minister Gerald Darmanin said on Thursday that 217 of the 2,700 people arrested during and since last weekend’s unrest had been detained, while another 1,000 were facing prosecution. Prosecutors also confirmed the arrest of a 66-year-old man over the arson attack on the 19th-century town hall in Limoges. Another man in his 30s had been arrested on Tuesday in connection with the same incident. The unrest has intensified political divisions ahead of the presidential elections scheduled for April and May. Marine Le Pen, the far-right leader who is topping opinion polls, accused Macron and his centrist government of being too weak in their response to the violence. Jean-Luc Mélenchon, a far-left presidential candidate who has faced criticism from the government over his response to the unrest, blamed what he described as the authorities’ continued use of excessive force. Prime Minister Sébastien Lecornu also began consultations with political leaders and other stakeholders in an effort to address the crisis. On Thursday, he met representatives of France’s major political parties, although Le Pen’s National Rally sent a lower-ranking official rather than a senior party leader. Lecornu was scheduled to meet mayors next, followed by discussions with student groups, trade unions and the employers’ federation on Monday. The government’s next steps are expected to be determined following Friday’s defence council meeting, as authorities prepare for further demonstrations across the country.
Read more

Editor's Pick

Trending News

Newsletter

Enter your email address and receive notifications of news by email.

You have been successfully Subscribed! Ops! Something went wrong, please try again.

© 2026 GongNews. All Rights Reserved.