In a bold statement today, President Bola Ahmed Tinubu defended his administration's decision to remove the fuel subsidy, asserting that there was no way Nigeria could have survived the continuation of the subsidy. Speaking confidently, the President emphasized the positive impact the subsidy removal has already had on the nation's economy.
“There is no way Nigeria could have survived the continuation of the fuel subsidy. There is no way; today, I can beat my chest and each of the governors here that allocations to the states are triple,” President Tinubu stated during a meeting with state governors.
Tinubu’s remarks come as part of his ongoing efforts to reassure the Nigerian public and state leaders that the government’s decision, although initially controversial, is already producing tangible benefits. The President highlighted that despite initial concerns, the removal of the subsidy has led to a significant increase in allocations to the states, offering a stronger financial foundation for regional development.
The decision to end the fuel subsidy was met with mixed reactions across the country, with many citizens expressing concerns over rising fuel prices. However, the President’s comments today aimed to underscore the long-term economic benefits, which he believes will ultimately strengthen Nigeria's fiscal health.
As the nation continues to adjust to the policy change, President Tinubu remains confident that the economic sacrifices made will pave the way for sustainable growth and development in the future.
