Get real time updates directly on you device, subscribe now.
President Bola Tinubu in his nationwide Broadcast on Sunday morning, has ruled out the possibility of reinstating fuel subsidy despite demands from #EndBadGovernance protesters.
While addressing the nation, Mr Tinubu acknowledged that the removal of fuel subsidy was difficult but a necessary step taken to free Nigeria’s economy from constraints that have dwarfed its development.
He stressed that the fuel subsidy had been a significant burden, stifling economic growth and progress.
Tinubu 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 said.
Related Posts
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.
