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FG’s Lying, Yet to Meet Our Demands – ASUU
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The Academic Staff Union of Universities has asked Nigerians to disregard the claims of the Federal Government that it had met the demands of the union.
The ASUU Chairman, University of Ibadan, Prof. Akinwole Ayoola, said on Monday that the Federal Government’s claims were lies.
The union stated that all its chapters that started the over six-month-old strike were still part of the ongoing action and were resolute to get what public universities needed from the government to survive and compete globally.
The union also said that lecturers in Nigerian public universities had been using their blood to run public universities and sustaining it saying that the union will not sacrifice her members’ welfare and will resist any effort to turn intellectuals to slaves of irresponsible leadership.
He said, “Nigerians should disregard the lies of the Federal Government. The Federal Government is far from meeting any of the union’s seven demands.
“The union gave 14-month strike notice to Federal Government before commencing the strike in 2022. Even the effort of the Nigerian Inter-Religious council in 2021 yielded no results before the union was forced to declare the strike on February 14, 2022.
“We waited for 14 months from December 2020 to February 2022 before declaring this strike. I am saying 14 months’ notice, 14months of engagements and the Nigeria Inter-Religious council intervened in 2021 when we would have declared the strike. We gave them one month with no result. Heroes are gone before they are appreciated but our union will not die. We will not die. We are going to be alive to see this struggle through.”
Akinwole disclosed that the N1.1trillion naira for revatilisation of universities was not for lecturers in public universities. He added the amount was arrived at by Federal government through her NEEDS Assessment report on the level of decay in Nigerian public universities.
Ayoola who thanked ASUU members for sacrificing and remaining resolute to reposition public varsity education in Nigeria added that irresponsible leadership is the reason for strikes in Nigeria.
The ASUU chair hinted that only strikes had forced government to spend money on her universities in the last 25 years.
Ayoola said, “If ASUU does not go on this struggle, there will be no university for new people to attend. In the last 25 years, Federal Government will not spend money on their university unless ASUU goes on strike. Does that show they are responsible?
“I am also a parent and my children are home with me. Most lecturers have to spend their money on their students’ projects for some students to graduate. I could give you the numbers of some of my students who can tell you how much I have had to support their projects.
“Lecturers retain Nigerian public universities with their blood. But it is right for Nigerians to say they should die on the job. I am saying they are owing us over eight years of verified earned academic allowances. Is it ASUU only that is on strike?
“Some sectors (research institutes) of the nation have been on strike for 13months and government has been paying their salaries. Is it an offence to become lecturers in Nigerian universities? What led to the strike? It is non-responsiveness of government that led to the strike.”
Ayoola who noted that Federal Government is not talking about the over eight years earned academic allowances owed lecturers in public universities.
He noted that the government lied to the union severally and that the Buhari government instead of paying N220 billion for meant for 2014 revitalization fund only paid N50 billion to over 50 universities in the last seven years.
He said government has to pay the balance of N170 billion to university management.
The Punch
Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has denied saying the Federal government will introduce a fuel tax when the economy stabilises and income levels improve.
In a post on X on Tuesday, Oyedele said his remarks during an interview with ARISE News was misrepresented, insisting that a “fuel tax is not on the table.”
However, during the interview with Rotus Odiri, ARISE News Business Correspondent, on the sidelines of the 2026 International Monetary Fund and World Bank annual meetings in Bangkok, Thailand, Oyedele said the tax would come when income levels improve enough for Nigerians to accommodate it.
He said taxes account for between 20 and 80 percent of pump prices in some countries, while many African countries impose between six and 10 different taxes on fuel products.
He said introducing fuel tax while petrol was still subsidised would have been counterproductive because government would effectively be paying the tax itself.
According to him, imposing the tax immediately after removal of petrol subsidy would be insensitive to Nigerians.
“The objective should be that instead of trying to suppress prices, which hasn’t worked for us, it hasn’t worked for any country in the world, not one. Instead of trying to suppress prices, think about how to grow income faster than prices rise,” Oyedele said.
“That’s how you bring prosperity and grow the middle class and that is exactly what we are doing as led by Mr. President himself.
“At the appropriate time, when the economy has stabilizes and income level will be able to accommodate it, those taxes will come. Not because we want to impose taxes,” he added.
In his Tuesday post, the minister reiterated that introducing a fuel tax at this time would be insensitive following removal of petrol subsidy, describing reports that government will introduce the levy when the economy stabilises as “fake news.”
A chieftain of the African Democratic Congress (ADC), and Deputy Director of the Presidential Campaign Council, Chief Dele Momodu, has described former Vice-President Atiku Abubakar as the most nationally formidable and experienced among the leading contenders for the 2027 presidential election.
Momodu said Atiku’s experience at the national level distinguishes him from President Bola Tinubu and former Anambra State Governor, Peter Obi.
He stated this on Wednesday during an interview on Eagle 102.5 FM, Ilese-Ijebu, in Abeokuta.
“If you look at the antecedents of the three major candidates, between Atiku Abubakar and Peter Obi, you will see that Atiku is the most experienced. He has managed our country at the highest level,” he said.
Momodu traced Atiku’s political journey to the 1992 Social Democratic Party (SDP), presidential primary where he contested against late MKO Abiola and stepped down for him.
He said Atiku accepted the outcome without crisis even after he was not picked as Abiola’s running mate, describing it as a mark of true democratic temperament.
“He is the only one who started from around 1992, contested the SDP primary against Abiola and stepped down with uncommon equanimity. He did not make any noise,” Momodu said.
He noted that Atiku was among the founders of the Peoples Democratic Party, PDP, and served as Vice-President from 1999 to 2007.
Comparing Atiku with Obi, Momodu argued that while Obi’s best was demonstrated in Anambra, Atiku’s was at the presidency level managing the national economy.
“Peter Obi has tried his best in Anambra, while Atiku’s best is at the level of vice president controlling the economy of Nigeria. The difference is clear. He has matured in experience and exposure,” he said.
Momodu also said President Tinubu’s experience was largely limited to Lagos.
“What I’m trying to say is that Tinubu’s experience was limited to Lagos, and that is why when he became president, he thought Nigeria was Lagos. And he has found out now that Nigeria is not Lagos,” he said.
He argued that the current economic hardship under the present administration did not show prosperity, insisting Atiku remained better positioned to lead the country.
“Well, we are yet to see that prosperity, and if yesterday would determine today and tomorrow, it is obvious that Tinubu should retire now and let someone else do it,” Momodu added.
DailyPost
President Bola Tinubu says he has no regrets over the removal of petrol subsidy and other economic reforms introduced by his administration, insisting that Nigeria could not borrow its way to greatness.
Meanwhile, Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has warned Nigerians against returning to petrol subsidy. He said the backtrack could trigger capital flight, undermining investor confidence and pushing the Naira to N3,000, N3,500 or even N4,000 per dollar.
But the Director of Media and Publicity of the African Democratic Congress (ADC) Presidential Campaign Council (PCC), Kola Ologbondiyan, challenged Oyedele to publish the economic model behind his warning that a return to fuel subsidy could push the naira to N4,000 per dollar.
The President spoke on Monday during the City Boys Movement retreat in Abuja, where he charged members of the group to mobilise support for his administration ahead of the 2027 general elections, insisting that the country’s future mattered more than the ambition of any individual candidate.
“No regrets,” Tinubu said, insisting that his administration would not be pushed back from its reform agenda.
He took a swipe at his political opponents, promising to restore the petrol subsidy, saying Nigeria could no longer afford to pay the fuel subsidy, and warning that reversing the policy would take the country back to an unsustainable economic path.
Defending his decision to remove the subsidy on his first day in office, Tinubu said the country was on the verge of financial collapse and could no longer afford the policy’s cost.
Tinubu also sought to reassure Nigerians about the direction of the economy, arguing that growth was steady and that the sacrifices associated with his reforms would ultimately offer citizens a future worth believing in.
Oyedele disclosed during a press briefing of the International Monetary Fund (IMF) and World Bank Annual Meetings in Bangkok, Thailand, yesterday, that investors had repeatedly questioned whether the government would abandon its reforms ahead of the next election cycle.
Ruling out the reversal of the government’s economic reforms, he maintained that any signal that Tinubu’s administration was contemplating or reinstating the subsidy would immediately affect financial markets, raise borrowing costs and worsen economic pressures on households.
“In all the meetings I have had, I came to a conclusion that the markets, including the domestic market, which you can read from the capital market, and the international market, have largely written off the opposition in Nigeria as unserious.
“If, for any reason, the President were to say we are merely considering the return of fuel subsidy, capital would react immediately, airfares would struggle, the naira would come under severe pressure, potentially moving towards 3,000, 3,500 or even 4,000.
The very fuel people want subsidised would become far more expensive in Naira terms,” Oyedele warned.
However, Ologbondiyan accused the Federal government of using fear to discourage debate on fuel subsidy, insisting that Nigerians deserve evidence, not alarming projections, on the potential economic consequences of restoring the policy.
Speaking to journalists, he described the minister’s warning as scaremongering and demanded that the government explain how it arrived at the projected exchange rate.
“The Minister of Finance is merely scaremongering. He cannot claim that a return to fuel subsidy will cause the naira to depreciate to N4,000 to the dollar without showing Nigerians the model behind that projection,” he said.
He questioned the reliance on investors’ concerns to oppose a subsidy’s return, challenging the government to identify the sources of the projections and disclose their calculations.
