President Bola Tinubu has definitively ruled out reinstating fuel subsidy in the country, despite demands from #EndBadGovernance protesters. In a nationwide address on Sunday morning, Tinubu acknowledged that the removal of the subsidy was a tough but necessary step, describing it as a critical move to free Nigeria’s economy from constraints that have hampered its development.....KINDLY READ THE FULL STORY HERE▶
Tinubu emphasised that the fuel subsidy had been a significant burden, stifling economic growth and progress.
He reassured Nigerians that law enforcement agencies would protect lives and property responsibly, underscoring the importance of respecting and protecting the constitutional rights of every citizen.
“My vision for our nation is one of justice and prosperity, where everyone can enjoy peace, freedom, and a meaningful livelihood under a transparent and accountable government,” Tinubu stated. He highlighted the long-standing economic issues that had necessitated this difficult decision, arguing that temporary fixes could no longer sustain the country’s future.
The President also addressed the problem of economic mismanagement and underscored his commitment to governance that serves the people.
He pointed out that the actions taken, including the removal of fuel subsidies and the unification of multiple foreign exchange systems, were essential to curb the exploitation by smugglers and rent-seekers, ultimately benefiting the Nigerian economy.
He concluded by assuring the public of his dedication to delivering effective governance and reversing the adverse effects of past economic policies.