I removed fuel subsidy to prevent Nigeria becoming bankrupt — Tinubu

President Bola Tinubu has said he removed the subsidy on fuel to safeguard the future of Nigerians.

Tinubu said he couldn’t allow Nigeria to go bankrupt, hence the need to remove the fuel subsidy.

He disclosed this during a town hall meeting with the people of Enugu State after inaugurating some of the projects built by Governor Peter Mbah on Saturday.

According to Tinubu: “We must build this house called Nigeria to not just satisfy our immediate need, but our tomorrow too. That’s why the removal of the fuel subsidy was necessary. We cannot spend the future of generations yet unborn in advance. Don’t bankrupt the nation before they’re born.”

Tinubu had announced the removal of the subsidy on petrol on May 29, 2023.

His actions led to a hike in the prices of commodities, with some of his critics condemning the policy as not well thought out.