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Maiden Media Chat: I’m Not Ready to Shrink My Cabinet, Tinubu Declares, Defends Subsidy Removal, Insists on Tax Reforms

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12 months ago

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Nigeria’s President, Bola Tinubu, on Monday firmly defended his administration’s decision to retain his cabinet members, dismissing criticisms that it is “bloated.”

“I am not ready to shrink the size of my cabinet,” Tinubu stated during his first Presidential Media Chat in Lagos.

“I am not prepared to bring down the size of my cabinet,” he reiterated, emphasising that “efficiency” has guided his ministerial appointments.

The president also addressed concerns about the removal of the petrol subsidy in May 2023, reaffirming his stance that the decision was unavoidable.

“I don’t have any regrets whatsoever in removing petrol subsidy. We are spending our future; we were just deceiving ourselves. That reform was necessary,” he said.

According to Tinubu, the removal of the subsidy has fostered competition in the sector, leading to a gradual reduction in petrol prices.

“The market is being saturated. No monopoly, no oligopoly, a free market economy flowing,” he explained.

Tinubu rejected the idea of price control, asserting his belief in the principles of a free market.

“I don’t believe in price control. We will work hard to supply the market,” he said.

On managing electricity bills, which has tripled since the tariff hike for Band A customers, the president advised Nigerians to adopt better energy management practices.

“It’s not negative to learn to manage. You learn to control your electricity bill, switch off the light. Let’s learn to manage,” Tinubu urged.

On controversial tax reform bills, which have divided the northern and southern parts of the country, the president said “no going back”.

“Tax reform is here to stay; we cannot just continue to do what we were doing years to years in today’s economy. We cannot retool this economy with the old broken books, and I believe I have that capacity that is why I went into the race,” Tinubu said.

“I am focused on what Nigeria needs and what I must do for Nigeria, it is not just going to be eldorado for everybody, but the new dawn is here, I am convinced, and you should be convinced.”

The former governor of Lagos State expressed confidence in his security chiefs, arguing the country is more secure than he met it.

He said, “Today, I have confidence in my security architecture. It is very, very unfortunate that, you know, two decades of wanton killing. I remember when I jumped into the campaign, I had to stop the campaign to pay condolence visits to Madiburi, Katsina, Kajuna, Kola. Today, you can still travel the roads. Before now, it was impossible. It took one incident to mess up an organized environment.”

”I am not probing anybody or service chiefs, you cannot disrespect the institution because of the threat of probe. Give them credit for what they are doing, I am proud of what they are doing today.’’

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Mike Adenuga, Emmanuel Macron Hold High-Powered Meeting in Paris

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6 hours ago

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December 18, 2025

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Accomplished billionaire businessman and Commander of the French Légion d’Honneur, Dr. Mike Adenuga Jr., GCON, CdrLH, has held a private meeting with the French President, Emmanuel Macron.

The two powerful citizens of the world held the meeting on Wednesday at the historic Élysée Palace in Paris.

The high-level engagement underscores the longstanding relationship between Dr. Adenuga and the French Republic, as well as his continued relevance in global business and diplomatic circles. 

A respected industrialist and philanthropist, Adenuga has been widely acknowledged for his contributions to economic development, telecommunications, energy, and humanitarian causes across Africa and beyond.

The meeting adds to Dr. Adenuga’s growing profile as a bridge between African enterprise and international leadership.

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Free at Last: Burkina Faso Releases 11 Nigerian Soldiers, Aircraft

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7 hours ago

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December 18, 2025

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Burkina Faso has released Nigerian soldiers who were detained after their aircraft made a forced landing in the Sahelian country earlier this month, Nigerian officials said.

The release followed a diplomatic intervention by President Bola Tinubu, who dispatched a high-level delegation led by the Minister of Foreign Affairs, Yusuf Tuggar, to meet Burkina Faso’s Military Leader, Ibrahim Traoré, on Wednesday.

In a statement, Alkasim Abdulkadir, Tuggar’s spokesperson, said both sides resolved the matter amicably and secured the release of the Nigerian Air Force pilots and crew.

The soldiers had been held for nearly two weeks after the Confederation of Sahel States (AES) described the aircraft’s landing as an “unfriendly act” carried out in defiance of international law.

The Nigerian Air Force, however, said the crew encountered a technical issue that required a precautionary landing in Bobo-Dioulasso, the nearest available airfield. It said the landing complied with standard safety procedures and international aviation protocols.

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Corruption Allegations: NMDPRA Boss Farouk Ahmed Meets Tinubu, Resigns

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20 hours ago

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December 17, 2025

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The Chief Executive Officer (CEO) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, has resigned following a meeting with President Bola Tinubu amid corruption allegations.

Tinubu, on Wednesday, summoned Ahmed to the Presidential Villa in Abuja, following allegations of economic sabotage and corruption.

Also caught in the web of resignation was the CEO of the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, according to a statement on Wednesday by Bayo Onanuga, special adviser to the president on information and strategy.

Tinubu was said to have nominated successors to the senate for approval.

“Tinubu has asked the Senate to approve the nominations of two new chief executives for the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC),” the statement reads.

“The requests followed the resignation of Engineer Farouk Ahmed of the NMDPRA and Gbenga Komolafe of the NUPRC.

“Both officials were appointed in 2021 by former President Buhari to lead the two regulatory agencies created by the Petroleum Industry Act (PIA).

“To fill these positions, President Tinubu has written to the Senate, requesting expedited confirmation of Oritsemeyiwa Amanorisewo Eyesan as CEO of NUPRC and Engineer Saidu Aliyu Mohammed as CEO of NMDPRA.”

Onanuga said the two nominees are seasoned professionals in the oil and gas industry.

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