President Bola Tinubu
President Bola Tinubu has noted that though the removal of the petrol subsidy was painful, it was necessary to remove it since it had become a noose on the nation.
He stated this in his national broadcast on Sunday morning amid the ongoing nationwide #EndBadGovernance protest.
He said: “I therefore took the painful yet necessary decision to remove fuel subsidies and abolish multiple foreign exchange systems which had constituted a noose around the economic jugular of our Nation and impeded our economic development and progress.
“These actions blocked the greed and the profits that smugglers and rent-seekers made. They also blocked the undue subsidies we had extended to our neighbouring countries to the detriment of our people, rendering our economy prostrate.
“These decisions I made were necessary if we must reverse the decades of economic mismanagement that didn’t serve us well. Yes, I agree, the buck stops on my table. But I can assure you that I am focused fully on delivering the governance to the people – good governance for that matter.
“In the past 14 months, our government has made significant strides in rebuilding the foundation of our economy to carry us into a future of plenty and abundance.”
Details later…
READ ALSO FROM NIGERIAN TRIBUNE
AS a response to the widespread insecurity in the country, the Senate, last week, proposed…
An Appeal Court sitting in Benin, the Edo State capital, has dismissed the appeal filed…
Kayokem International Foundation during its second anniversary held in Abeokuta, Ogun State supported over 3000…
Ekiti State government has restated ban on any High Chief and individual adorning in beaded…
As digital assets regain momentum in 2025, the spotlight is shifting toward cryptocurrencies that combine…
By: Hezekiah. O. Bamiji IN April 2017, when the sudden demise of the first civilian…
This website uses cookies.