In a recent media chat, President Bola Tinubu of Nigeria expressed no regrets over his decision to remove the fuel subsidy, despite the economic hardships it has caused for many Nigerians.
Speaking from Lagos State on Monday, December 23, 2024, Tinubu emphasized that the removal of the subsidy was essential for Nigeria’s long-term prosperity. He stated that the difficult decision was made to secure a better future for upcoming generations, asserting that it was the only viable path forward for the nation.
Tinubu had announced the termination of the fuel subsidy in May 2023 during his inauguration, a move that triggered a sharp increase in commodity prices, contributing to significant economic challenges for the public. Despite the hardship, the President stood by his stance, asserting the decision was in the country’s best interest in the long run.
