Tinubu: Fuel Subsidy Removal Prevented Nigeria's Bankruptcy

President Bola Ahmed Tinubu announced that the removal of fuel subsidies has been crucial in saving Nigeria from bankruptcy, despite the difficulties and stress it has caused for citizens. During a celebration marking the third anniversary of his administration, he acknowledged the necessity of this decision to prevent fiscal collapse and restore economic stability.

Tinubu noted that the country had spent enormous resources on unsustainable subsidy payments that primarily benefited a few. He expressed gratitude for the patience and resilience of Nigerians during this challenging phase, stating that ongoing reforms in infrastructure, agriculture, and social investments are aimed at reducing hardship and creating jobs.

Vice President Kashim Shettima commended Tinubu's courage in confronting corruption in Nigeria's oil industry. Kwara State Governor Abdulrahman Abdulrazaq, speaking on behalf of the governor's forum, praised Tinubu's policies for enhancing the capacity of sub-national governments to meet their financial obligations and execute development projects.