By Okeke Eunice
President Bola Ahmed Tinubu has reiterated his position on the removal of the fuel subsidy, stating he stands by the decision without any regrets.
He expressed this view on Monday evening during his inaugural presidential media chat since taking office.
The President stressed that maintaining the fuel subsidy was financially unviable, particularly due to its extensive effects reaching beyond Nigeria.
The President reaffirmed his lack of regret over the removal of the fuel subsidy, stating, “We cannot continue subsidizing the entire West African sub-region. Whether reduced gradually or entirely, the subsidy had to be eliminated.”
He also highlighted progress in national security, noting improvements that have made previously dangerous routes safe for travel. “Two decades of rampant killings have been tackled. Today, people can travel those roads, which was once impossible,” he said, adding that the military remains vigilant in addressing internal and external threats to safeguard citizens.
On fiscal management, the President underscored his administration’s shift away from the previous “ways and means” approach, emphasizing that the government now operates with greater financial discipline and oversight. “We are generating and distributing more revenue,” Tinubu stated.
Additionally, the President celebrated the increased autonomy of local governments, describing it as a significant achievement. He tied this milestone to his longstanding commitment to grassroots development, recalling his tenure as Lagos State Governor and his conflicts with the Obasanjo administration over the creation of additional local councils.
Tinubu recognized the existing challenges but conveyed confidence in the nation’s advancement.
“Despite criticism, Nigeria is on the road to recovery,” he said. “The task cannot be completed within a single calendar year, and I am not making excuses—it has only been 18 months.”