President Bola Ahmed Tinubu has defended his administration’s controversial decision to remove fuel subsidies, insisting that the policy has laid the foundation for economic recovery and long-term national growth.
Speaking as Nigeria marks the third anniversary of his administration, Tinubu said the subsidy removal, though difficult and widely criticised, was necessary to prevent the country from sliding deeper into fiscal crisis. He argued that the reform has freed up resources for critical investments in infrastructure, social welfare programmes and economic development.
The president maintained that early signs of progress are emerging across key sectors of the economy, citing increased government revenues, improved investor confidence and efforts to stabilise public finances. He acknowledged the hardship faced by millions of Nigerians following the policy shift but stressed that temporary sacrifices were essential to secure the nation’s future.
Tinubu reaffirmed his commitment to economic reforms, promising that his administration would continue implementing measures aimed at boosting productivity, creating jobs and improving living standards. He urged Nigerians to remain patient and supportive as the government works to translate economic gains into tangible benefits for ordinary citizens.
