The former governor of Rivers State, Rotimi Amaechi, has questioned the whereabouts of the savings from the fuel subsidy removal and naira floating policies under President Bola Ahmed Tinubu’s administration.

Amaechi, who was a former Minister of Transportation under ex-President Muhammadu Buhari’s government, made this known during an interview with Channels Television on Thursday.

According to him, the Nigerian economy is dying under Tinubu.

Amaechi noted that the purchasing power of Nigerians has been watered down by the Tinubu government.

“You are making savings from the fuel subsidy and floating the naira; where is the money?

“You get N16,000, for instance; in Buhari’s government, that will get you ten times as much, for instance, let’s assume, today, you get 120,000. You can only get four tyres. Which do you prefer?” he said.

Amaechi is part of the opposition coalition alongside former Vice President Atiku Abubakar that moved to the African Democratic Congress on Wednesday.

Recall that in 2023, Tinubu’s administration announced the removal of fuel subsidy and the floating of the naira. Prices of goods and services in Nigeria skyrocketed because of the policies.

Meanwhile, Tinubu’s government has stressed that the cooling of inflation, which stood at 22.97 per cent in May, and the relative stability of the naira at the foreign exchange market (N1,525.83 per dollar as of Thursday) are indications that the country’s economy is on the right track.

In January 2023, before Buhari exited the seat of power, Nigeria’s headline inflation stood at 21.82 per cent, and the naira exchange rate to the dollar was around N745.

Minister of the Federal Capital Territory, FCT, Nyesom Wike, says he will not reveal details of the recent truce brokered between him and suspended Rivers State Governor, Siminalayi Fubara.

The minister however declared that peace has returned to Rivers State.

Wike made this declaration on Thursday during a media chat at his residence in Abuja. He said rather than disclose details of the peace deal, he would instead allow people to speculate.

“I will allow you to speculate, it’s not my business. All I know is that peace has come. If you are not satisfied with that, there is nothing we can do. What is important is that peace has returned, whatever thing anybody says is not my business,” he said.

Ekwutosblog recalls that President Bola Tinubu, last month, hosted a conciliatory meeting between Wike, Fubara and the suspended members of the Rivers State House of Assembly, signaling a return to peace in the state.

The President suspended Fubara, his deputy, Ngozi Odu, and members of the Rivers Assembly in March 2025, after a heated and long-drawn political impasse in the oil-producing state.

Minister of the Federal Capital Territory, FCT, Nyesom Wike, has described Dele Momodu as a ‘boy’, saying he does not even know his name.