Tinubu Claims Subsidy Removal Saved Nigeria from Bankruptcy

President Bola Tinubu asserted that the removal of fuel subsidies has prevented Nigeria from facing bankruptcy during a challenging reform period. Speaking at a gathering of state governors in Lagos to celebrate the Sallah festival, Tinubu emphasized that the subsidy regime consumed significant resources while benefiting only a small fraction of Nigerians.

He acknowledged the role of state governors in managing public expectations during this turbulent phase and noted that the reforms have begun to yield visible dividends, contributing to economic recovery. Vice President Kashim Shettima described Tinubu's economic decisions as historically courageous, while Kwara State Governor Abdulrahman Abdulrazaq stated that the subsidy removal has allowed states to meet their obligations without resorting to borrowing.

Imo State Governor Hope Uzodinma expressed gratitude for the innovative approaches adopted by Tinubu's administration. The overall sentiment was one of optimism regarding the future of Nigeria's economy, with calls for continued patience and trust in the government's leadership.