President Bola Ahmed Tinubu has reiterated his unwavering stance on removing the fuel subsidy, stating he has no regrets about the decision.
During his first presidential media chat on Monday evening, Tinubu emphasized that sustaining the fuel subsidy was economically unfeasible, particularly given its far-reaching effects beyond Nigeria.
“I don’t have any regrets removing fuel subsidy,” the President stated.
“We can’t be subsidizing the entire West Africa sub region. Either we slice it in half or bits, we still have to completely remove it.”
Tinubu also mentioned the improvements in security, claiming progress in making previously unsafe routes viable for travel.
“Two decades of wanton killings have been addressed. Today, you can travel the roads. Before now, it was impossible,” he said, adding that the military remains vigilant against both internal and external threats to ensure the safety of citizens.
On fiscal management, the President highlighted the administration’s efforts in exiting the previous “ways and means” model, asserting that the government now operates under financial control and fiscal discipline. “We have more revenue being generated and distributed,” Tinubu noted.
The President highlighted the autonomy granted to local governments as a significant achievement.
He connected this milestone to his enduring commitment to grassroots empowerment, citing his tenure as Lagos State Governor and his confrontations with the Obasanjo administration over creating additional local councils. While acknowledging existing challenges, Tinubu expressed confidence in the nation’s progress.
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