In a recent address to the All Progressives Congress (APC) National Youth Leaders, President Bola Tinubu reaffirmed the necessity of ending fuel subsidy in Nigeria. He urged Nigerians to remain patient as the current hardships would pave the way for a more equitable and prosperous economy in the future.
President Tinubu highlighted that the fuel subsidy system primarily benefits a privileged few, rather than the majority of the population. He acknowledged the difficulties faced by the nation since the removal of the subsidy by the APC-led administration in May, as prices of essential goods, services, and transportation surged.
However, he reassured the nation that this short-term hardship is a necessary step towards building a brighter future. By eliminating the fuel subsidy, the government aims to channel resources more efficiently, ensuring that the benefits of economic growth reach a broader spectrum of society.
As Nigeria navigates through these challenging times, President Tinubu remains optimistic that the nation’s efforts will lead to a more inclusive and thriving economy in the long run.
