Bola Ahmed Tinubu, Nigeria’s recently sworn-in president, has eliminated fuel subsidies, claiming they are no longer viable.
He issued the order while addressing Nigerians in his inaugural address at Eagle Square in Abuja.
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According to Tinubu, he is fully aware of the removal of subsidy in the 2023 budget, already running before his administration takes over, noting that the country cannot continue to pay fuel subsidy.
The President said;
On fuel subsidy, the budget I met before I assumed office and what I heard is that there is no provision for subsidy.
Fuel subsidy is gone.
While stating that hope is back for Nigeria, Tinubu promised local and foreign investors to revisit the issue of multiple taxation.
Tinubu also said he will extend the courtesy worthy of a fellow compatriot to his opponents in the February 25 election that brought him to power.
He also argued that Nigeria had not had a better election that the recently concluded one in its history.
According to him;
My victory does not render me more Nigerian than the rest of you. It also does not render my opponents less Nigerjan than me. I will treat my opponents, Peter Obi and Atiku Abubakar, as important compatriots.
