• About
  • Advertise
  • Contact
Monday, November 9, 2026
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Economy

Sheikh Gumi Says Subsidy Removal Inevitable

Vital News by Vital News
November 9, 2026
in Economy, News
0
Sheikh Gumi Says Subsidy Removal  Inevitable
Share on FacebookShare on Twitter

Renowned Islamic cleric Sheikh Ahmad Gumi has thrown his weight behind President Bola Tinubu economic policies, describing the removal of petrol subsidy as an inevitable measure to rescue the nation from a total fiscal collapse.

Speaking during an appearance on PAPShow, the Kaduna-based cleric dismissed opposition attacks on the administration’s economic trajectory, maintaining that the fundamental structure of the reforms is sound and already showing signs of macroeconomic recovery.

Gumi’s endorsement marks a striking shift for a preacher long known for his scathing critiques of federal policies, particularly on national security and northern welfare.

Addressing calls by opposition figures, including former Vice President Atiku Abubakarâ to reinstate the fuel subsidy, Gumi warned that doing so without first crushing systemic corruption in the energy sector would achieve nothing.

“Bringing back subsidies without addressing endemic corruption would amount to throwing money into a well,” Gumi said, arguing that the previous arrangement had become financially unsustainable for the nation’s treasury.

RelatedStories

Ododo Flags Off Construction Of 37-km Idah–Ibaji Road In Kogi, Gives CCECC 30-Month Deadline

Ogun Dismisses Kunle Afod’s Claim On Sapade Accident, Says Ambulance, FRSC Arrived Scene In 10 Minutes After Report

Nigeria Reaffirms Commitment To ECOWAS Migration, Border Security Cooperation

IPCR Dialogue : Zulu Blames Governance Failures, Hatred For Nigeria’s Deepening Insecurity

He noted that global financial institutions, including the International Monetary Fund (IMF), have acknowledged the structural necessity of Nigeria’s policy direction.

However, Gumi, cautioned that macro-level gains should not obscure the acute suffering of ordinary Nigerians grappling with a soaring cost of living.

While upholding the necessity of the reforms, the cleric urged the Federal Government to immediately expand social safety nets, cushion vulnerable households, and ensure that savings realized from the subsidy removal are transparently deployed to improve public welfare.
Credit – Observer Times
(vitalnewsngr.com)

Tags: EconomyReformsremovaksubsidyTinubu
Previous Post

Another Kidnapper Killed In Police, DSS Joint Operation In Ogun, One Arrested, Two Additional AK-47 Rifles Recovered

Vital News

Vital News

RelatedStories

Ododo Flags Off Construction Of 37-km Idah–Ibaji Road In Kogi, Gives CCECC 30-Month Deadline
News

Ododo Flags Off Construction Of 37-km Idah–Ibaji Road In Kogi, Gives CCECC 30-Month Deadline

November 9, 2026
Abiodun’s Leadership Style Attracting Investment, Transforming Ogun – Akinmade
Health

Ogun Dismisses Kunle Afod’s Claim On Sapade Accident, Says Ambulance, FRSC Arrived Scene In 10 Minutes After Report

November 7, 2026
Nigeria Reaffirms Commitment To  ECOWAS Migration, Border Security Cooperation
National

Nigeria Reaffirms Commitment To ECOWAS Migration, Border Security Cooperation

November 7, 2026
IPCR Dialogue : Zulu Blames Governance Failures, Hatred For Nigeria’s Deepening Insecurity
National

IPCR Dialogue : Zulu Blames Governance Failures, Hatred For Nigeria’s Deepening Insecurity

November 6, 2026
UK-Nigeria Trade Hits £7.3bln, Britain Seeks Deeper Strategic Partnership
Economy

UK-Nigeria Trade Hits £7.3bln, Britain Seeks Deeper Strategic Partnership

November 6, 2026

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

Socialite Businessman, Alhaji Shakiru Olanrewaju Kassim “SHOKAS” Dies At 87

Socialite Businessman, Alhaji Shakiru Olanrewaju Kassim “SHOKAS” Dies At 87

2 years ago

Police Capture Kaduna Deadly Terrorist, Yusuf Monore With AK-47, AK-49 Rifles

4 years ago
Drogba Appointed Head Coach Of Ivory Coast

Drogba Appointed Head Coach Of Ivory Coast

3 years ago
NDLEA Intercepts Cocaine, Heroin, Meth Consignments At Lagos Airport 

NDLEA Intercepts Cocaine, Heroin, Meth Consignments At Lagos Airport 

4 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Housing
  • ICT
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Bandits Bello Benue Buhari CBN cement Court Dangote death dies drug drugs Economy EFCC Election FG INEC Kano kidnap Kill Kogi Kwara Lagos Marwa NDLEA Niger Nigeria Ododo Ogun PDP Police Power refinery rescue road Security Senate students Tinubu US Women
No Result
View All Result

Highlights

2027 : 375 Judges Sworn In For Election Petition Tribunals

Ogun Readies Over 6,000 Amotekun Corps, SO-SAFE Personnel For Take Off Of State Police

Police Rescue 10 Kidnapped Bus Passengers In Ogun, Kill One Kidnapper, Recover AK-47 Rifle, ₦1,376,800 Cash, Phone

NDLEA Nabs Ugandan Woman For Hiding 87 Wraps Of Cocaine In Her Private Part

Gov. Ododo, APC Stakeholders Meet, Seek Stronger Party Unity Ahead 2027 Elections

President Tinubu Congratulates Flamingos On Historic FIFA U-17 Women’s World Cup Victory

Trending

Sheikh Gumi Says Subsidy Removal  Inevitable
Economy

Sheikh Gumi Says Subsidy Removal Inevitable

by Vital News
November 9, 2026
0

Renowned Islamic cleric Sheikh Ahmad Gumi has thrown his weight behind President Bola Tinubu economic policies, describing...

Another Kidnapper Killed In Police, DSS Joint Operation In Ogun, One Arrested, Two Additional AK-47 Rifles Recovered

Another Kidnapper Killed In Police, DSS Joint Operation In Ogun, One Arrested, Two Additional AK-47 Rifles Recovered

November 9, 2026
Ododo Flags Off Construction Of 37-km Idah–Ibaji Road In Kogi, Gives CCECC 30-Month Deadline

Ododo Flags Off Construction Of 37-km Idah–Ibaji Road In Kogi, Gives CCECC 30-Month Deadline

November 9, 2026
Two Men Sentenced To Death For Killing Kano Housewife, Six Children

2027 : 375 Judges Sworn In For Election Petition Tribunals

November 9, 2026
Ijebu-Ode Methane Emissions : Ogun, FG Intensify Investigation, Assure Residents Of Lasting Solution

Ogun Readies Over 6,000 Amotekun Corps, SO-SAFE Personnel For Take Off Of State Police

November 9, 2026
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • Sheikh Gumi Says Subsidy Removal Inevitable November 9, 2026
  • Another Kidnapper Killed In Police, DSS Joint Operation In Ogun, One Arrested, Two Additional AK-47 Rifles Recovered November 9, 2026
  • Ododo Flags Off Construction Of 37-km Idah–Ibaji Road In Kogi, Gives CCECC 30-Month Deadline November 9, 2026

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Housing
  • ICT
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In