Discover why the government remains firm on the fuel subsidy, refusing to back down despite widespread protests.
President Bola Tinubu has firmly rejected the idea of restoring fuel subsidy in Nigeria, even though #EndBadGovernance demonstrators have demanded it.
Tinubu made a declaration to the entire country on Sunday morning, accepting that withdrawing subsidies was an arduous yet indispensable measure. He referred to it as a crucial action towards freeing Nigeria’s economy from barriers that have hindered its growth.
Tinubu stressed that the fuel subsidy had imposed a notable weight, hampering both economic advancement and improvement.
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Nigerians were given assurance that their lives and property would be safeguarded responsibly by law enforcement agencies, emphasizing the significance of upholding and preserving every citizen’s constitutional rights.
Tinubu declared his aspiration for our country to embody equity and affluence, where individuals can revel in tranquility, autonomy, and a fulfilling means of making a living within an open and responsible administration.
He emphasized the persistent financial predicaments that had compelled him to take this challenging resolution, contending that momentary solutions were no longer adequate for securing Nigeria’s tomorrow.
The President highlighted his dedication to prioritizing the welfare of citizens by addressing issues surrounding economic mismanagement.
He emphasized the importance of taking measures such as eliminating fuel subsidies and consolidating various foreign exchange systems to combat exploitative practices by smugglers and rent-seekers, leading to a positive impact on Nigeria’s economy.
Concluding his speech, he reassured the public of his unwavering commitment to providing proficient governance and rectifying the negative impacts of prior economic measures.
