Tinubu Defends Fuel Subsidy Removal, Says He Has No Regrets

Despite the economic challenges faced by Nigerians following the removal of the fuel subsidy, President Bola Tinubu has stood firmly by his decision, stating that he has no regrets.

Speaking during a media chat in Lagos, the president described the subsidy removal as the only viable path to securing the nation’s economic prosperity and ensuring a better future for generations to come.

Tinubu initially announced the removal of the fuel subsidy during his inauguration in May 2023, a decision that sparked a significant rise in the cost of living, as commodity prices surged nationwide.

He reaffirmed his commitment to the policy, emphasizing that difficult decisions are sometimes necessary to reposition the country for long-term growth and stability.