On Sunday, President Tinubu acknowledged the painful impact of removing the fuel subsidy but emphasized its necessity for Nigeria’s economic health.
In a nationwide address on Sunday,
Tinubu described the subsidy as a burden that has hindered economic development, calling its removal a crucial step toward progress.
Addressing recent protests, Tinubu assured that law enforcement agencies would continue to protect citizens and uphold their constitutional rights.
He outlined his vision for Nigeria as a just and prosperous nation, emphasizing peace, freedom, and good governance.
“Our economy has struggled due to longstanding misalignments,” Tinubu stated. “A year ago, we reached a point where temporary fixes were no longer viable.
“The decision to remove fuel subsidies and abolish multiple foreign exchange systems was essential to prevent further economic decline.”
The president highlighted the elimination of opportunities for smugglers and rent-seekers, noting that these measures were aimed at reversing decades of economic mismanagement.
Tinubu is committed to delivering transparent and accountable governance to the Nigerian people.
