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HomeNaija NewsBREAKING: Pres. Tinubu rules out return of fuel subsidy, says decision p@inful...

BREAKING: Pres. Tinubu rules out return of fuel subsidy, says decision p@inful but necessary

Contrary to the demands of the ongoing #EndBadGovernance protesters, President Bola Tinubu has ruled out the return of fuel subsidy.

The President in a Nationwide broadcast to Nigerians on Sunday morning, disclosed that even though the decision to remove the fuel Subsidy was painful, it was necessary because it has constituted a noose around the economic “jugular of our Nation and impeded our economic development and progress.”

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The President also told the protesters that law enforcement agencies would continue to ensure the full protection of lives and properties of innocent citizens in a responsible manner, adding that “Our democracy progresses when the constitutional rights of every Nigerian are respected and protected.”

President Tinubu stated that, “My vision for our country is one of a just and prosperous nation where each person may enjoy the peace, freedom, and meaningful livelihood that only democratic good governance can provide – one that is open, transparent and accountable to the Nigerian people.

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“For decades, our economy has remained anaemic and taken a dip because of many misalignments that have stunted our growth. Just over a year ago, our dear country, Nigeria, reached a point where we couldn’t afford to continue the use of temporary solutions to solve long-term problems for the sake of now and our unborn generations. “

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“I therefore took the painful yet necessary decision to remove fuel subsidies and abolish multiple foreign exchange systems which had constituted a noose around the economic jugular of our Nation and impeded our economic development and progress.” [CONTINUE READING HERE]>>>>



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