Petrol Subsidy Removal: Tinubu’s Persuasive Stand and Its Implications
President Bola Tinubu has reaffirmed his decision to remove the fuel subsidy, stating he has no regrets about the move.
During a live presidential media chat broadcast nationwide, he emphasized that the subsidy was depleting the nation’s resources and hindering future investments. He remarked, “We are spending our future.
We are spending our generation’s fortunes. We are not investing. We are just deceiving ourselves.” He further questioned, “Why should you have expenditures when you don’t have revenues?” President Tinubu concluded, “I don’t have any regret in removing the fuel subsidy. We cannot spend our generation investment.”
For more details, you can watch the following video: