Saturday, January 4, 2025 - President Bola Tinubu has said he removed the subsidy on fuel to safeguard the future of Nigerians.
Tinubu said he couldn’t allow Nigeria to go bankrupt, hence the need to
remove the subsidy on fuel.
He disclosed this during a town hall meeting with the people of Enugu
State after inaugurating some of the projects built by Governor Peter Mbah on
Saturday.
According to Tinubu: “We must build this house called Nigeria to not
just satisfy our immediate need, but our tomorrow too. That’s why the removal
of the fuel subsidy was necessary. We cannot spend the future of generations
yet unborn in advance. Don’t bankrupt the nation before they’re born.”
Tinubu had announced the removal of the subsidy on petrol on May 29,
2023.
His actions led to a hike in the prices of commodities, with some of his
critics condemning the policy as not well thought out.
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