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Tinubu says subsidy removal helped Nigeria avoid bankruptcy and boost economic recovery
Photo: Businessday NG
2026-05-30 03:28   Economy   13

Tinubu says subsidy removal helped Nigeria avoid bankruptcy and boost economic recovery

President Bola Tinubu tok say the removal of fuel subsidy, even though e cause plenty wahala and litigation, na the move wey save Nigeria from wahala of bankruptcy.

During a Sallah celebration with governors and Vice President Kashim Shettima, Tinubu highlight say the decision dey tough but necessary to put the country back on track.He yan say the subsidy wey dey before benefit only small people while other sectors dey suffer, so e better make dem remove am.

Tinubu also commend Nigerians for their patience and dey reassure say reforms for agriculture, infrastructure, social investment and fiscal management dey start show result.Governors join talk say the subsidy removal increase revenue for their states, help dem pay salaries, pensions, and carry out developmental projects.Vice President Shettima hail Tinubu for courage to tackle corruption for oil sector and dey push bold reforms wey stabilise the economy.

Governors like Abdulrahman Abdulrazaq and Hope Uzodinma praise Tinubu for policies wey give states power to manage funds and execute projects without heavy borrowing.

Overall, Tinubu say the economy dey grow, agriculture dey boom, roads and housing dey improve, and if land dey used well, food security go improve sharply.The government dey continue to implement people-centered policies to reduce hardship, create jobs and make Naija economy inclusive.

Full reading at Businessday NG

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