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President Bola Tinubu revealed the main reason behind subsidy removal on fuel.
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He said the removal was to safeguard the future of Nigerians.
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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.
President Bola Tinubu has revealed that the removal of subsidy on fuel was 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.
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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.
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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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President Bola Tinubu has reiterated his administration’s commitment to completing the $3.02 billion Eastern Rail line project, which connects Port Harcourt to Maiduguri.
The President gave this assurance during an interactive session with South-East leaders in Enugu State on Saturday.
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