Independence Day: Tinubu speaks on fuel subsidy return amid petrol price hike

President Bola Ahmed Tinubu has ruled out the return of fuel subsidy.

In his nationwide address on Thursday to commemorate Nigeria’s 66th Independence Anniversary, Tinubu said there would be no going back on the removal of the fuel subsidy.

“When this administration assumed office, we resolved to do things differently. We chose to excise the cancer. The reforms that followed were difficult. The side effects were real. Yet, we must never confuse the medicine with the disease.

“The emergency treatment is over. The foundation has been repaired. The central economic task before us has changed. For three years, our overriding purpose was to correct our nation’s course.

Recommended

Poor Nigerians suffering from decades of low productivity, not my reforms – Tinubu

66th Independence Anniversary: WoPU congratulates Nigerians, says President Tinubu laying foundation for better future

Benue: Unknown hoodlums kill NDC chairman, dump body in Makurdi bush

“Nigeria has corrected its course. We have passed through our own Red Sea. This is not the time to look back. Let us go forward together, with faith in ourselves, faith in our country, and faith that the sacrifices we have made will yield their reward,” he said.

DAILY POST reports that the presidential candidate of the African Democratic Congress, ADC, and former Vice President, Atiku Abubakar, said he would return the fuel subsidy if elected in the January 16 presidential election.

Currently, Nigerians buy petrol for between N1,370 and N1,450 per litre in parts of Abuja and surrounding areas.

You may like

37 deaths, repeated arrests: Inside Niger’s unending mining crisis

October 1: Nigeria has passed through its own Red Sea, prosperity is next – Tinubu [FULL SPEECH]

Independence Day: Nigeria moving from economic stabilisation to growth — Yilwatda