
News
I have no regret removing petrol subsidy —Tinubu
President Bola Tinubu says he has no regrets about removing petrol subsidy in May 2023, insisting that Nigeria cannot continue to be Father Christmas to neighbouring countries.
The former Lagos governor who stated this during the first presidential media chat televised Monday night, said removing petrol subsidy was in a bid to save generations to come, noting that the country was already spending its future while giving freebies to neighbouring countries.
Tinubu said petrol subsidy removal some 18 months ago have increased competition within the sector and that the pump price of petrol has gradually crashed.
“The market is being saturated. No monopoly, no oligopoly, a free market economy flowing,” he said.
Questioned about the economic hardship following the subsidy removal, the President said he had no regret as the reform had become necessary.

He also knocked calls for the phased removal of subsidies, saying the nation was headed for financial disaster.
With the subsidy removal, he said what was imperative was for Nigerians to manage within available resources and shun unnecessary expenses.
“What contingency? We were spending our future. We were spending our generations’ fortunes; we were not investing. We were just deceiving ourselves. That reform is necessary. I could see the smugglers fighting back; that doesn’t affect me. It affects smuggling. Why should you have expenditures that you don’t have revenue for? I don’t want to question people who have acquired limousine kind of vehicles on the road. We should teach management in all our programmes. We have to manage our resources within our means,” Tinubu stated.
“There is no way that you give out fuel and allow all the neighbouring countries as Father Christmas. I don’t have any regret whatsoever in removing the subsidy. It is necessary. We cannot spend our future generations’ investments upfront.
“Phased removal is part of unnecessary fear. No matter how you cut it, you still have to meet the bills. So cut your coat strictly to your size. Management is the issue and we have no choice but to pull the hand brakes, otherwise, we are headed for slippery slopes and in such financial disaster, not just for us, but for our children and grandchildren. Where is the pathway for prosperity?”
The All Progressives Congress (APC) chieftain also said he does not believe in price control and he won’t go that path.
“I don’t believe in price control, we will work hard to supply the market,” he said.
Nigeria, Africa’s most populous nation, faces energy challenges, with all its state-owned refineries non-operational.
The country is heavily reliant on imported refined petroleum products, with the state-run NNPC being the major importer of the essential commodities.
Fuel queues are commonplace in the country. Prices of petrol soared since the removal of subsidy in May 2023, from around N200/litre to over N1,000/litre, compounding the woes of the citizens who power their vehicles, and generating sets with petrol, no thanks to decades-long epileptic electricity supply.
The government simultaneously unified forex windows, with the value of the naira nosediving terribly from $1/N700 to over $1/1600 at the parallel market.
Prices of food and basic commodities immediately climbed through the roof as Nigerians battled attendant inflation.
The president, however, said he has no deliberate intention to subject Nigerians to pain, assuring that the benefits of the ongoing economic reforms would soon be felt by all.
News
Enugu ADC chairman allegedly murdered in his village
Tension and grief have enveloped the political community in Enugu State following the suspected murder of the African Democratic Congress (ADC) Chairman in Udenu Local Government Area, Chisimdiri Emmanuel Ngwu.
Ngwu, said to be one of the longest-serving members of the ADC in the state, was reportedly found dead in the early hours of Wednesday, August 19, 2026, in circumstances suspected to be suspicious.
A family source, who spoke to our correspondent, said Ngwu left the house shortly after waking up on Wednesday morning but never returned alive.
“He woke up early in the morning on Wednesday and walked out and that was the last we heard of him,” the source said.
According to the source, the family became worried after discovering that Ngwu was missing, before his lifeless body was later found outside the compound.

“When we woke up, we didn’t see him only to discover his lifeless body in front of our compound. We saw scratches on his neck which was twisted backwards,” the source added.
The circumstances surrounding his death have continued to generate concern among family members, friends and political associates.
Meanwhile, two persons have reportedly been arrested in connection with the incident.
However, their identities and the circumstances surrounding their arrest were not immediately disclosed as of press time.
The development has reportedly sent shock waves through the ADC in Udenu and the wider political community in the state, with calls for a thorough investigation into the circumstances surrounding Ngwu’s death.
News
2027: Tinubu’ll relocate Nigeria’s capital to Lagos if he wins – Primate Ayodele
Leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele has claimed that President Bola Tinubu will relocate the capital of Nigeria to Lagos if he is declared the winner of the 2027 general elections.
Primate Ayodele made this statement in a video posted on X.
President Tinubu is seeking re-election under the platform of the ruling All Progressives Congress, APC.
Speaking about Tinubu’s re-election, the cleric said, “Lagos architecture will change. You may not see this one very seriously, but if Tinubu wins the second time, the capital of Nigeria will be relocated to Lagos.
“When this happens, the capital can be in Epe or Lekki or anywhere at all in Lagos.”

News
Police arrest four over alleged murder of 56-year-old man in Anambra
The Anambra State Police Command has uncovered the circumstances surrounding the alleged murder of a 56-year-old man, Mr Kelechi Madu, in Awkuzu, Oyi Local Government Area, two days after he was reported missing.
The development was disclosed in a statement issued on Friday, August 21, 2026, by the Police Public Relations Officer, SP Tochukwu Ikenga, who said the breakthrough followed a coordinated search and investigation by police operatives, local vigilantes and members of the deceased’s family.
Madu was reported missing by his wife on August 18, after he reportedly left home on the evening of August 17 and failed to return.
According to the Command, the search for the missing man took a grim turn later that day when his wife returned to the police station to report that he had been found dead in a nearby bush at Umuobi, Awkuzu.
Police operatives immediately mobilised to the scene, where they found Madu’s lifeless body with a deep axe wound to his head. His remains were subsequently evacuated and deposited at a hospital mortuary for preservation.

Following the discovery, detectives intensified their investigation and arrested the deceased’s 32-year-old friend, Mr Ifeanyi Nwankwo, who allegedly confessed to being involved in the planning of the killing.
Preliminary findings by the Command indicated that Nwankwo allegedly obtained money from Madu through fraudulent means, claiming he would assist him in acquiring a piece of land.
Police alleged that the suspect subsequently engaged two other persons to eliminate Madu in an attempt to conceal the alleged fraudulent transaction and prevent the victim from recovering the money.
The Command said two other suspects linked to the alleged plot were also arrested, bringing the number of persons apprehended in connection with the case to four.
The Commissioner of Police, Anambra State Command, CP Nnanna Oji Ama, psc, mnips, has directed investigators to intensify the probe and identify every person involved in the alleged conspiracy and murder.
The CP vowed that all persons found culpable would be brought to justice.
The Command, through Ikenga, assured residents that it would continue to strengthen intelligence-led policing and community partnerships to prevent violent crimes, uncover criminal networks and ensure that perpetrators face the full weight of the law.
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