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Confusion Trails Fuel Subsidy Removal

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Confusion Trails Fuel Subsidy Removal

There appears to be confusion over the proposed plans by the Federal Government to exit fuel subsidy by 2022.

While the Senate President, Ahmed Lawan confirmed that President Muhammadu Buhari has not directed any of his officials to remove fuel subsidy on account of the prevailing economic hardship, the Minister of Information and Culture, Lai Mohammed on Wednesday differed with the latter’s position, saying he was not sure if the presidency had directed otherwise.

Mohammed who is the spokesperson of the federal government, however, promised to initiate a fact-finding mission to determine the true position of the government on the removal of petroleum subsidy.

He said this while briefing State House Correspondents after the Federal Executive Council (FEC) meeting presided over by Vice President Yemi Osinbajo, at the presidential villa, Abuja on Wednesday.

His reaction was in response to a question that he should provide clarity on the alleged plans to remove subsidy since the 2022 budget has no subsidy provision beyond June 2022.

Mohammed said he would need to consult with the relevant government agencies to determine the exact position of the subsidy removal issue.

“As for the removal of fuel subsidy, I think you will give me time to consult with relevant departments and ministries and I will get back to you,” he said.

Recall the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, explaining in October last year, said the federal government only made provision for fuel subsidy for the first six months of 2022 because it was seriously considering complete deregulation of the sector.

“In our 2022 budget, we only factored in subsidy for the first half of the year; the second half of the year, we are looking at complete deregulation of the sector, saving foreign exchange and potentially earning more from the oil and gas industry,” she had said.

But the Senate President who met with Buhari on Tuesday confided in reporters that the President had not directed anyone in his administration to implement the removal of petroleum subsidy.

The Senate President had stated: “Well, it will be of interest to Nigerians to hear what I came to discuss with Mr. President among several other things.

“Many of us are very concerned with the recent agitations, protests and many citizens were so concerned, our constituents across the country are very concerned that the federal government will remove the petroleum subsidy. And for us, as parliamentarians, as legislators representing the people of Nigeria, this must be of interest to us”.

Beyond these controversies, the Group Managing Director of the Nigeria National Petroleum Corporation NNPC, Mele Kyari had said the government was indeed overburdened with providing subsidies for daily fuel consumption of the citizens.

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“Lights, Camera, Abuja! AICL GMD Attends SIN Premiere, Reinforces Support for Creative Economy”

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Abuja, Nigeria – July 12, 2025 – The Group Managing Director of Abuja Investments Company Limited (AICL), Ambassador Maureen Tamuno, attended the highly anticipated premiere of the movie SIN as the Special Guest of Honour at Silverbird Cinemas, Jabi Lake Mall, on Saturday, July 12, 2025.

The premiere drew industry stakeholders, creative talents, investors, and cinema enthusiasts to celebrate Nigeria’s evolving film industry. Ambassador Tamuno’s presence underscored AICL’s ongoing commitment to positioning Abuja as a leading destination for film, culture, and creative enterprise.

The Abuja Film Village project is a visionary initiative and subsidiary of AICL designed to create a thriving hub for film production and entertainment in the heart of Nigeria. Which aligns with AICL’s mandate to drive impactful investments in Abuja’s creative economy, and also echo the broader development goals of the Federal Capital Territory Administration (FCTA) under the leadership of the Honourable Minister of the FCT, Barr. Nyesom Wike.

Delivering the vote of thanks, Ambassador Maureen Tamuno, the Group Managing Director of Abuja Investments Company Limited (AICL), expressed excitement over the premiere of SIN, describing the film as a compelling and socially relevant production that reflects the power of storytelling in shaping public awareness.

“This is an international-standard film, and we’re truly excited to see this level of work being produced” she said. “SIN is not just a movie — it’s a message. These are the kinds of stories we need to tell, especially to our young people, to help them understand the risks of getting involved in things they don’t fully comprehend.”

The movie SIN, written and produced by Jim Iyke explores the dark realities of drug use and trafficking, shedding light on the devastating impact of substance abuse on individuals, families, and communities. It showcases the depth of Nigerian storytelling and the growing potential of Abuja as a cinematic backdrop for socially conscious films.

The premiere was attended by notable figures from the public and private sectors, including Abdullahi Auwal Rano [Chairman AA Rano group of companies], Charles Odii[DG/CEO of SMEDAN], DCG BM Jibo[Deputy Comptroller of Customs] and Prince Nicolas Okachukwu amongst others.

AICL’s strategic initiative of the Abuja Film Village Project are in line with the vision of the Renewed Hope Agenda championed by President Bola Ahmed Tinubu, which prioritizes youth development, job creation, and cultural revitalization through strategic public-private partnerships.

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Tinubu May Replace Shettima with Kwankwaso as 2027 Running Mate

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Tinubu considers Kwankwaso 2027 running mate

Tinubu considers Kwankwaso 2027 running mate as political tension grows in North. Shettima’s position faces internal criticism amid Kano-based pressure

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Dapo Abiodun’s Educational Qualifications: The Moral Burden

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Dapo Abiodun academic controversy

Governor Dapo Abiodun’s academic controversy raises critical questions about leadership integrity, youth inspiration, and education in Nigeria

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