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Fuel Price Hike: Nigerians In Diaspora Blames Tinubu’s Economic Managers
Nigerians in the diaspora, under the umbrella of Nigerian Professionals in Diaspora (NPID), has called for an urgent reassessment of the country’s monetary policies, following the recent hike in fuel prices.
In a statement released signed by Dr Obiora Okereke, President and Chief Mrs Bukola Shonekan, Secretary on Thursday, NPID expressed deep concern over the current state of Nigeria’s economy, particularly the recent spike in fuel prices, which has exacerbated the already challenging economic conditions for millions of Nigerians.
The group blamed the economic managers of the President Bola Ahmed Tinubu administration for failing to support the President’s vision with competent and effective policies, citing the poorly implemented floating of the Naira as a glaring example.
NPID noted that instead of stabilizing the currency and attracting foreign investment, the policy has resulted in further depreciation of the Naira, leading to an unstable exchange rate that has driven up the cost of goods and services across the board.
The group also called for the restructuring of the Nigerian National Petroleum Company Limited (NNPCL) debts, reportedly exceeding $6 billion, which has put the nation in a precarious position regarding fuel supply.
“We believe that President Tinubu’s vision for Nigeria is clear, but the implementation of his economic policies by his advisers and managers is lacking in strategic foresight and execution,” NPID said.
The group urged the President to take immediate action to address the economic challenges facing the country, including reassessing monetary policies, restructuring NNPCL’s debts, and holding economic managers accountable for their actions.
News
NYCN: High Court Bars Gbenga, others from holding election
Josl Ajayi
A High Court of the Federal Capital Territory has issued an order restraining Comrade Ademola Gbenga, Comrade Okechukwu Nnamene and others from conducting the National Youth Council of Nigeria (NYCN) election slated for October 7, pending the determination of the substantive suit before the court.
Justice J. E. Obanor, in an order dated October 6, 2025, in suit no: FCT/HC/CV/3803/2025 and motion no: M/12204/2025, sighted by our correspondent, directed the Inspector General of Police and the Department of State Services (DSS) to enforce the court’s order.
The claimants/applicants in the case are the Incorporated Trustees of the National Youth Council of Nigeria (NYCN) and Ambassador Sukubo Sara-Igbe Sukubo, representing the existing leadership of the Council.
The defendants include Comr. Ademola Gbenga, Comr. Okechukwu Nnamene, Comr. Abel Abaji, Comr. Alex Allen Akin, Comr. Hassan Mamman, the Inspector General of Police, and the Department of State Services.
It would be recalled that the NYCN, during its National Elective Convention held in Yenagoa, Bayelsa State, from September 20 to 22, re-elected Ambassador Sukubo Sara-Igbe Sukubo as President alongside other executives.
However, dissatisfied with the Sukubo-led leadership, Gbenga and his allies formed a parallel group and planned to conduct another election in Abuja on October 7.
Consequently, the court ordered all parties to maintain the status quo regarding the leadership of the NYCN, pending the hearing and determination of the motion on notice.
The Order read in part, “Upon hearing the Motion Ex parte and the accompanying affidavit of. Amb. Sukubo Sara-Igbe Sukubo listening to P. Ulofu ESQ., of counsel to the Applicants praying this Honourable Court for the following:-
“An Order of Interim Injunction restraining the Respondents (Gbenga and others) or any person(s) acting through them or on their behalf from conducting the scheduled election of the 7th day of October, 2025 or taking any further step concerning the subject matter of this suit respectively pending the hearing and determination of the motion on Notice.
“An Order of Interim Injunction directing the Respondents to maintain the status quo with respect to the leadership of the National Youth Council of Nigeria, pending the determination of and determination of the motion on notice.
“An Order directing the 6th (IGP) and 7th (DSS) Defendants/Respondents to enforce the Order of Court restraining the 1st to 5th (Gbenga and others) Defendants, their privies, agents, or howsoever called, conducting the scheduled election of the 7 th day of October, 2025 or taking any further step concerning the subject matter of this suit respectively pending the hearing and determination of the Motion on Notice.
“And for such further or other orders as this Honourable Court may deem fit to make in the circumstances of this suit and or application.
“The court ordered as follows: Application is hereby granted and order made as prayed. Case is adjourned to 16th October, 2025 for hearing of Motion on Notice.”
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