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    Falana says World Bank, IMF pushed Nigeria to remove subsidy

    Opalim LiftedBy Opalim LiftedSeptember 15, 2025No Comments3 Mins Read
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    Falana urges US Congress to sanction Trump over ‘illegal invasion’ of Venezuela
    Human Rights lawyer, Femi Falana
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    Femi Falana, human rights lawyer and senior advocate of Nigeria (SAN), says the World Bank and the International Monetary Fund (IMF) pushed the federal government to remove the petrol subsidies.

    Speaking on Channels TV, Falana said no country in the world has completely scrapped subsidies.

    “There’s no way you can remove subsidies completely; no country in the entire world has abolished subsidies completely,” he said.

    “Even leading Western countries like the United States, the United Kingdom, France and others subsidise electricity, agriculture and many aspects of people’s lives.”

    Falana said the removal of the petrol subsidy in Nigeria was not a domestic policy choice but a condition imposed by international financial institutions.

    “As a matter of fact, if I must say this, it was the World Bank and the International Monetary Fund (IMF) that insisted that the government must remove all subsidies,” he added.

    • Falana faults three-year sentence for man who stole yam

    President Bola Tinubu announced the end of the petrol subsidy on 29 May 2023 during his inauguration.

    The Central Bank of Nigeria (CBN) also announced the unification of all segments of the foreign exchange market.

    The policies have led to record inflation, worsening the standard of living for many Nigerians.

    Speaking on the planned five perfect fuel surcharge, Falana urged the government to avoid worsening economic hardship.

    He said the government should first remit funds owed to the Federal Roads Maintenance Agency (FERMA), while insisting that Nigerians should not be asked to bear fresh taxes.

    The human rights lawyer added that section 14 of the FERMA Act 2007 established a five percent user charge on fuel sales.

    “The provision was clear: 40 percent for federal roads, 60 percent for state roads; sadly, the government never implemented it,” he said.

    He also said that, between 2007 and 2011, FERMA confirmed that no funds were remitted despite deductions from petrol prices at source by regulators.

    “We asked FERMA in 2011 how much was collected; they replied that the government never gave them a kobo,” Falana said.

    He said that introducing a fresh surcharge could amount to multiple taxation, burdening already strained consumers.

    “The money was deducted but not remitted; this new tax should first address those missing collections,” Falana added.

    “By 2022, even the Senate confirmed that over one trillion naira was owed to FERMA.

    “Before introducing new levies, the government must tell Nigerians what happened to the earlier deductions.”

    The senior lawyer also called for an end to dollarisation, stressing that it is a criminal offence to reject the Nigerian currency, the naira.

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    Rev. Fr. Anthony Odiong, a US-based Nigerian Louisiana Catholic priest, was arrested in Florida on Tuesday for possessing child pornography, according to law authorities.  The suspect is reportedly accused of many other cases of sexual assault.  The Waco, Texas, Police Department announced in a Facebook post on Tuesday that officers detained Father Anthony Odiong in Ave Maria, Florida, with assistance from the United States Marshals Service.  Waco police announced in March that they had received "credible information" about a sexual assault allegedly committed by Odiong in Texas in 2012. “During the subsequent investigation, a case of possession of child pornography was uncovered,” the police said.  The priest was apprehended in Florida by the Caribbean Regional Fugitive Task Force.  The Waco Police Department said that he will be extradited to Texas.  Odiong had previously served in the Archdiocese of New Orleans before being removed as priest in December of last year due to controversy over homilies in which he claimed, among other things, that the Catholic Church was being taken over by "the gays." At the time, the priest was also accused of abusive behaviour; a Louisiana lady claimed in U.S. bankruptcy court that Odiong had committed both financial and sexual abuse against her.  Prior to joining the New Orleans Archdiocese, Odiong served in at least two Texas parishes.  On Tuesday, Waco police stated that during their sexual assault investigation, "the presence of other survivors was revealed." “Multiple women have come forward to tell similar experiences as the sexual assault survivor who reported the initial allegation,” the police department said.  “Survivors’ experiences ranged from sexual assault and indecent assault, more commonly recognised as groping, and financial abuse, with some survivors experiencing every element of Anthony Odiong’s manipulation.” The police said they “believe there may be more survivors, and we wish to speak with anyone who [has] had similar encounters” with the priest. The Archdiocese of New Orleans issued a brief news release on Tuesday noting Odiong's arrest in Florida. The archdiocese “encourages anyone with any information to contact law enforcement,” the release said.

    Odiong: US-based Nigerian Catholic priest convicted over sexual assault

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    Oyo police deny reports of a bandit attack in Ogbomoso, saying panic was triggered by false rumours and misinformation.

    Police arrest three Man O’ War members for killing FUTO student

    May 31, 2026
    Terrorists kidnap ex-defence spokesman, Maj-Gen Abubakar, wife

    Terrorists kidnap ex-defence spokesman, Maj-Gen Abubakar, wife

    May 31, 2026
    Club Brugge netted a thrilling late equalizer while battling back twice against Atletico Madrid, leaving their Champions League knockout phase play-off tie finely balanced.

    Atletico Madrid open to sell Ademola Lookman

    May 31, 2026
    Atiku Abubakar criticises Bola Tinubu over insecurity and re-election comments

    Atiku berates Tinubu, Wike over blocking of PDP event in Abuja

    May 30, 2026
    Peter Obi reacts to the kidnapping of students in Borno and Oyo states, describing the attacks as a threat to Nigeria’s future and education sector.

    Obi accepts NDC presidential ticket, promises to end insecurity

    May 30, 2026
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