{"id":350189,"date":"2024-12-23T21:43:57","date_gmt":"2024-12-23T20:43:57","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=350189"},"modified":"2024-12-23T21:43:57","modified_gmt":"2024-12-23T20:43:57","slug":"breaking-no-regrets-over-subsidy-removal-tinubu","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2024\/12\/23\/breaking-no-regrets-over-subsidy-removal-tinubu\/","title":{"rendered":"BREAKING: No regrets over subsidy removal \u2014 Tinubu"},"content":{"rendered":"<ul>\n<li><strong>Tinubu in his address said the reforms might not be embraced by everybody, but it was here to stay.<\/strong><\/li>\n<\/ul>\n<hr \/>\n<p>President Bola Tinubu on Monday stands firm on his decision to remove the <a href=\"https:\/\/www.withinnigeria.com\/news\/2024\/11\/09\/fuel-subsidy-removal-a-positive-move-for-nigeria-says-senator\/\"><strong>petrol subsidy<\/strong><\/a>, expressing no remorse for the action.<\/p>\n<p>Speaking during his inaugural presidential media chat on Monday, Tinubu emphasized that Nigeria was previously squandering its future prospects.<\/p>\n<p>\u201cWe were spending the fortune of our future generations, we were not investing,\u201d he said.<\/p>\n<p>\u201cWe were just deceiving ourselves. That reform was necessary. Why should you have expenditures that we don\u2019t have revenue for?<\/p>\n<p>\u201cWe should teach management in all our programmes, we have to manage our resources.<\/p>\n<p>\u201cThere is no way you give out fuel and allow all the entire neighbouring countries as Father Christmas. I don\u2019t have regret whatsoever removing the subsidy. It is necessary.<\/p>\n<p>\u201cWe cannot spend our future generation investments upfront.\u201d<\/p>\n<p>He acknowledged that the country was essentially deluding itself by perpetuating unsustainable practices.<\/p>\n<p>According to Tinubu, the subsidy removal was a necessary reform. He questioned the logic of incurring expenditures without corresponding revenue streams.<\/p>\n<p>Tinubu advocated for effective resource management, emphasizing the importance of prudent financial planning.<\/p>\n<p>He reiterated his lack of regret over removing the subsidy, while emphasizing the importance of responsible financial.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tinubu in his address said the reforms might not be embraced by everybody, but it was here to stay. President Bola Tinubu on Monday stands firm on his decision to remove the petrol subsidy, expressing no remorse for the action. Speaking during his inaugural presidential media chat on Monday, Tinubu emphasized that Nigeria was previously [&hellip;]<\/p>\n","protected":false},"author":43,"featured_media":347181,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"2","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"0","show_prev_next_post":"0","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_override_bookmark_settings":{"override_bookmark_button":"0","override_show_bookmark_button":"0"},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[5,2],"tags":[2571,16,85749,85747],"class_list":["post-350189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking","category-national","tag-fuel-subsidy","tag-national-assembly","tag-president-bola","tag-presidential-media-chat"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>BREAKING: No regrets over subsidy removal \u2014 Tinubu<\/title>\n<meta name=\"description\" content=\"President Bola Tinubu on Monday stands firm on his decision to remove the petrol subsidy, expressing no remorse for the action.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2024\/12\/23\/breaking-no-regrets-over-subsidy-removal-tinubu\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BREAKING: No regrets over subsidy removal \u2014 Tinubu\" \/>\n<meta property=\"og:description\" content=\"Tinubu in his address said the reforms might not be embraced by everybody, but it was here to stay. President Bola Tinubu on Monday stands firm on his\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.withinnigeria.com\/news\/2024\/12\/23\/breaking-no-regrets-over-subsidy-removal-tinubu\/\" \/>\n<meta property=\"og:site_name\" content=\"NEWS PICKS \u2014 WITHIN NIGERIA\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/withinnigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-23T20:43:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2024\/11\/bola-tinubu.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"W.N YEMI\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@withinnigeria\" \/>\n<meta name=\"twitter:site\" 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