Tinubu Defends Petrol Subsidy Removal Amid Economic Challenges

President Bola Tinubu defended his administration's decision to remove the petrol subsidy, asserting that Nigeria must not revert to its previous economic path. Speaking at an event organized by the City Boy Movement on Monday, Tinubu emphasized the need for Nigerians to critically evaluate opposition promises and seek practical solutions to economic challenges.

He noted that his administration, which took office on 29 May 2023, inherited significant economic difficulties, including pressure on public finances and challenges in meeting obligations. Tinubu acknowledged that the subsidy removal has led to increased transport and living costs but insisted that such reforms are essential for stabilizing public finances and redirecting resources toward development.

He also addressed predictions that young Nigerians would abandon his administration due to economic hardships, claiming that the turnout at the event demonstrated continued support among youth mobilizers. Tinubu called on the youth to spread his administration's message across various sectors of society.