Tuesday, June 25, 2024
HomeHeadlinesSubsidy Remover: I Know Nigerians Are Suffering – Tinubu

Subsidy Remover: I Know Nigerians Are Suffering – Tinubu

Subsidy Remover: I Know Nigerians Are Suffering – Tinubu

Subsidy Remover: I Know Nigerians Are Suffering – Tinubu

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Tinubu.

“I understand that our people are suffering yet there can be no childbirth without pain. The joy of childbirth is the relief that comes after the pain. Nigeria is reborn already with fuel subsidy removal.

It is a rebirth of the country for the largest number over a few smugglers. Please tell the people to be a little patient.

The palliative is coming. I don’t want cash transfers to fall into the wrong hands. I know it pinches and it is difficult. In the end, we will rejoice in the prosperity of our country,’’ he told the governors, who were led by former Governor of Edo State, Lucky Igbinedion.

It will be recalled that President Bola Tinubu has declared that there would no longer be a petroleum subsidy regime as the current 2023 budget he glimpsed does not contain it.

He stated this during his inaugural address at Eagle Square, Abuja.

The current 2023 budget has provision for the fuel subsidy till June.

Mr Tinubu stated that funds for subsidies will be diverted to other things like public infrastructure, education, health care and jobs.

“We commend the decision of the outgoing administration in phasing out the petrol subsidy regime which has increasingly favoured the rich more than the poor. The subsidy can no longer justify its ever-increasing costs in the wake of drying resources.

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