Tinubu Outlines Reasons For Ending Fuel Subsidy

Tinubu Outlines Reasons For Ending Fuel Subsidy

On Sunday, President Bola Tinubu explained the rationale behind his administration’s decision to remove the fuel subsidy. In his nationwide address concerning the #EndBadGovernance protests, Tinubu stated that eliminating the subsidy was crucial to address years of economic mismanagement…… CONTINUE READING

The President defended his move, asserting, “These decisions were essential to counter the economic mismanagement of the past decades that failed to benefit us.”

Tinubu highlighted that government revenues have more than doubled to over ₦9.1 trillion in the first half of 2024, compared to the same period last year. This increase, he noted, is a result of efforts to curb leakages, implement automation, and creatively mobilize funding without imposing additional burdens on the public.

He also pointed out that productivity in the non-oil sector is steadily improving, taking advantage of the current economic conditions.

Tinubu urged patience, emphasizing, “The economy is recovering; please do not obstruct its progress.”

He warned against allowing anti-democratic forces to derail the country’s democratic journey, stating, “Now that we have enjoyed democratic governance for 25 years, let’s not let those opposed to democracy use you to advance unconstitutional agendas. Forward ever, backward never!”

The President also called on security agencies to uphold peace, law, and order, while respecting human rights conventions to which Nigeria is a signatory. “The safety and security of all Nigerians are paramount,” he concluded.

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