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JUST IN: Presidency replies Amaechi on use of post-subsidy revenue
JUST IN: Presidency replies Amaechi on use of post-subsidy revenue
The Presidency has issued a response to former Minister of Transportation Rotimi Amaechi over his recent remarks questioning the utilization of fuel subsidy savings under President Bola Tinubu’s administration.
Amaechi, speaking in May at his 60th birthday event in Abuja, expressed concerns about what he perceived as a misdirection of national resources, alleging that subsidy removal gains were being siphoned into “private pockets.”
“If I were president, yes, I would pursue some of the policies they are pursuing, but ask what the failure is: the failure is that the gains of those policies are in their private pockets,” he said. “At one point, we were paying between four to five trillion naira as subsidy; where is the money now? If it had been injected into the economy, you would not be hearing complaints.”
In a detailed rebuttal posted online, Special Adviser to the President on Social Media, Dada Olusegun, knocked the former Rivers State governor, calling his claims misleading and politically motivated.
“More than two years after his primary election loss, it appears Chibuike Rotimi Amaechi has not gotten over the legitimate pain of defeat,” Olusegun wrote. He accused Amaechi of aligning with opposition forces and “resurfacing on the political scene” with “outlandish comments, claims and falsehoods against the current administration.”
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Addressing Amaechi’s claims regarding fuel subsidy savings, the presidential aide said the ex-minister was fully aware of the fiscal damage caused by the subsidy regime, noting that the Nigerian National Petroleum Company Limited (NNPCL) had stopped remitting revenues and resorted to advance crude sales to cover costs.
“In 2022 alone, the FG’s subsidy bill was ₦4.39 trillion — nearly half of what Nigeria spent on petrol subsidies over a nine-year span from 2006 to 2015,” he said.
He explained that the real gain of subsidy removal was not in direct cash savings but in halting “unsustainable borrowing” and stopping the mortgaging of future oil revenues. Olusegun further revealed that since January 2025, NNPCL began remitting 50% of crude oil revenues to the federation account, significantly increasing monthly disbursements to states.
“These tiers [of government] are not private pockets. Thanks to increased allocations, 33 states have repaid ₦1.85 trillion out of their ₦5.82 trillion in domestic debt — more than 30% repayment,” he said, describing it as a direct benefit of subsidy reforms.
On the issue of foreign exchange reforms, Olusegun defended the decision to float the naira, noting that the previous multiple exchange rate system cost Nigeria over ₦13.2 trillion between 2021 and 2023 in what he termed “FX subsidy losses” — money he said “went exclusively to private pockets.”
He added that under Tinubu’s administration, foreign reserves rose from $3.99 billion in 2023 to $23.11 billion in 2024, while over $10 billion was used to clear external obligations, including debts to international airlines.
“Nigeria is no longer on the IATA list of countries with blocked funds. This was possible due to increased FX liquidity,” he said.
Olusegun also accused Amaechi of turning a blind eye to his own legacy in office and warned that attempts to undermine the current administration with misinformation would not go unchallenged.
“This administration is cleaning up the mess it inherited, including from individuals like Mr. Amaechi, who now seek to play the saint,” the statement added.
JUST IN: Presidency replies Amaechi on use of post-subsidy revenue
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OYOSUBEB Chairman Adeniran Joins 2027 Oyo Governorship Race
OYOSUBEB Chairman Adeniran Joins 2027 Oyo Governorship Race
The Executive Chairman of the Oyo State Universal Basic Education Board (OYOSUBEB), Nureni Aderemi Adeniran, has officially declared his intention to contest the 2027 governorship election in Oyo State on the platform of the Peoples Democratic Party (PDP).
In a statement issued on Monday, Adeniran said his decision to join the 2027 governorship race followed extensive consultations with political stakeholders, supporters and community leaders across the state, as well as deep reflection and prayers.
According to him, his ambition is driven by a commitment to consolidate the achievements of the administration of Seyi Makinde and ensure the continued development of Oyo State.
Adeniran noted that he had earlier hinted at his governorship ambition during a radio appearance months ago, where he publicly disclosed his interest in leading the state.
“I am offering myself to serve as Governor of Oyo State, not out of ambition but out of conviction; not for power, but for purpose; not to be celebrated, but to empower,” he said.
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The OYOSUBEB chairman highlighted his extensive experience in public administration, noting that he has served as a Local Government Chairman, Commissioner and a member of several state and federal boards. According to him, these roles provided him with administrative exposure and grassroots engagement, helping him understand the diverse challenges facing communities across Oyo State.
Adeniran also praised Governor Makinde, describing him as a visionary leader whose administration has brought significant transformation to the state through its development programme popularly known as the Omituntun agenda. He pledged that if elected governor, he would sustain and strengthen the policies and reforms introduced by the current administration.
“Continuity is the foundation of sustainable progress, and Oyo State deserves nothing less,” he said.
Outlining his vision for the state, Adeniran said his administration would focus on improving access to quality education, promoting youth empowerment and job creation, strengthening security across communities, expanding infrastructure development, and encouraging innovation and inclusive governance.
“My vision is simple: a state where every child has access to quality education, where our youths do not have to leave home to find opportunity, and where security is guaranteed for every citizen,” he said.
Adeniran further emphasized the importance of strengthening the civil service, promising improved welfare, regular training and merit-based opportunities for government workers.
He added that his administration would focus on creating jobs for young people by supporting entrepreneurship, attracting investments and expanding sectors such as education, agriculture, technology and small-scale industries.
The governorship aspirant therefore called on residents of Oyo State to support his ambition, expressing optimism that collective efforts would help build a stronger and more prosperous state.
OYOSUBEB Chairman Adeniran Joins 2027 Oyo Governorship Race
News
Pastor Says Divine Prayers Helped Nyesom Wike Win Two Terms as Rivers Governor
Pastor Says Divine Prayers Helped Nyesom Wike Win Two Terms as Rivers Governor
Popular Nigerian cleric David Ibiyeomie, founder of Salvation Ministries, has claimed that his prayers and spiritual intervention played a pivotal role in the political rise of Nyesom Wike, currently the Minister of the Federal Capital Territory (FCT).
Speaking during a sermon at the church’s headquarters in Port Harcourt, Ibiyeomie recounted how Wike approached him during critical moments in his Rivers State governorship campaigns, appearing visibly anxious and “shaking” before both his initial election and re-election.
According to the cleric, Wike had suffered legal setbacks before his first governorship win, losing in the High Court, Appeal Court, and facing an unfavorable Supreme Court ruling. Ibiyeomie said he reassured Wike, stating that God would intervene and even claimed to command a reversal of any adverse judgment.
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“I called him while I was in Israel; he was shaking but I told him not to fear,” the pastor said. “I told him that God will step in, and he said ‘Papa, I believe you.’ After our Five Nights of Glory program, Wike walked up to me, and the judgment was to be announced on Friday. Even though he had no money at that time, the situation turned in his favour, and he later acknowledged, ‘Papa, I knew this is God.’”
Ibiyeomie also described similar circumstances during Wike’s second term campaign, asserting that political forces were attempting to block his re-election. The pastor said he again prayed and made a covenant with God, dedicating millions spiritually on Wike’s behalf, which he credited for Wike’s eventual victory.
The cleric’s revelations have sparked conversations about the influence of religious leaders in Nigerian politics, particularly in swaying outcomes through spiritual support. Wike, a two-term governor of Rivers State from 2015 to 2023 under the Peoples Democratic Party (PDP), has long been a controversial yet influential figure, and his political trajectory continues to attract national attention.
Ibiyeomie’s claims, widely shared in a viral video, underscore the ongoing debate over the intersection of faith and politics in Nigeria, highlighting how some clerics play prominent roles in political campaigns.
Pastor Says Divine Prayers Helped Nyesom Wike Win Two Terms as Rivers Governor
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Iran Ready to Help Nigeria Combat Boko Haram, ISWAP — Envoy
Iran Ready to Help Nigeria Combat Boko Haram, ISWAP — Envoy
Iran has expressed its readiness to support Nigeria in the fight against terrorism, rejecting recent allegations that Tehran sponsors extremist movements in West Africa. The offer was made by Gholamreza Mahdavi Raja, Iran’s ambassador to Nigeria, during an interview on Arise Television in Abuja.
Raja emphasised that Islamic groups in Nigeria maintain only spiritual and cultural links with Iran and do not have political or operational ties. He highlighted that recent rallies and mourning events organised by Shi’ite groups in Nigeria were expressions of grief following the death of Iran’s former supreme leader, Ali Khamenei, and not evidence of Iranian sponsorship.
The ambassador’s remarks came after Israeli Ambassador Michael Freeman accused Iran of backing Islamic movements in Nigeria and across West Africa to spread terrorism globally. Freeman cited concerns over Iran’s ballistic missile and nuclear programmes, claiming Nigeria has been affected by terrorism allegedly linked to Tehran.
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Responding to these claims, Raja called the accusations unfounded and politically motivated, stressing that Iran itself has been a victim of terrorism and has consistently condemned attacks worldwide. “We are ready to share our counterterrorism experience and assist countries like Nigeria that face extremist threats,” he said, noting Nigeria’s ongoing challenges with groups such as Boko Haram and the Islamic State West Africa Province (ISWAP).
Raja also underscored the importance of multilateral cooperation in tackling terrorism, adding that Iran is willing to work with Nigerian authorities to enhance security measures, protect citizens, and strengthen responses to insurgent violence.
The Iranian envoy’s statement aligns with the position of the Islamic Movement of Nigeria (IMN), which dismissed claims of Iranian backing as misleading and politically motivated. The controversy follows recent protests by IMN members across several Nigerian states in response to the strikes on Tehran carried out by the United States and Israel.
Iran’s offer of support comes at a time when Nigeria continues to grapple with rising insecurity, including repeated attacks by insurgent groups that have displaced communities and posed significant challenges to national security. Raja stressed that sharing Iran’s experience could help Nigeria address terrorism more effectively while highlighting the importance of moral and spiritual solidarity among Muslim communities.
Iran Ready to Help Nigeria Combat Boko Haram, ISWAP — Envoy
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