…the sacrifice will be repaid with provision of infrastructure, transportation, education and others to lift the standard of living
President Bola Ahmed Tinubu has promised to repay the trust and mandate of Nigerians with dividends of democracy.
He said the removal of fuel subsidy was to free up the massive resources of the nation in the pocket of a few rich, admitting it posed temporary pains on the masses.
The President said on Monday that he is aware that his decision to remove subsidy on petrol will impose an “extra burden on the masses of our people.”
In his Democracy Day speech to Nigerians, Tinubu said the decision to remove the subsidy “is one decision we must bear to save our country from going under and take our resources away from the stranglehold of a few unpatriotic elements.”
He said the decision to remove the subsidy will “free up for collective use the much-needed resources, which had hitherto been pocketed by a few rich.”
The Nigerian president at his inauguration on 29 May announced the removal of subsidy on petrol. This led to an increase in petrol prices by almost 200 per cent across the country.
He however said the sacrifice will be repaid with provision of infrastructure, transportation, education and others to lift the standard of living.
