- President Bola Tinubu rejected calls to reinstate the fuel subsidy, stating its removal was crucial for Nigeria’s economic growth and progress
- Tinubu emphasized that the removal of the subsidy aimed to eliminate economic distortions, improve prosperity, and take responsibility for necessary tough decisions
In a decisive move against ongoing #EndBadGovernance protests, President Bola Tinubu has firmly rejected calls to reinstate the fuel subsidy.
Addressing the nation in a broadcast on Sunday morning, President Tinubu acknowledged that removing the subsidy was a painful decision but deemed it necessary for the nation’s economic health. He stated that the subsidy had become a severe impediment to Nigeria’s economic development.
“The removal of the fuel subsidy was crucial because it was choking our economic growth and progress,” Tinubu said. He emphasized that the move was essential to eliminate economic distortions and improve national prosperity.
The President reassured the public that law enforcement agencies would continue to protect innocent lives and property responsibly. “Our democracy thrives when every Nigerian’s constitutional rights are upheld,” he added.
Tinubu outlined his vision for Nigeria as a just and prosperous nation where democratic governance ensures peace, freedom, and meaningful livelihoods. He criticized the long-standing economic issues that have hindered growth, explaining that temporary fixes were no longer viable.
The President described the subsidy and multiple foreign exchange systems as burdens on the economy, benefiting smugglers and foreign entities at the expense of Nigerian citizens. He justified the tough decisions as necessary to address decades of economic mismanagement.
“I take full responsibility for these decisions. However, my commitment remains steadfast towards delivering effective and transparent governance,” Tinubu affirmed.
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