Government & Politics

What Tinubu Said on Subsidy Removal That Will Ease Fuel Price Hike at the Democracy Day Speech

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President Tinubu's democracy day speech that will ease Fuel Subsidy Removal and Price Hike

In his first Democracy Day speech as president, Bola Tinubu addressed the recent removal of subsidy on petrol in Nigeria, acknowledging the hardships it would impose on the Nigerian people. However, he emphasized that this decision was necessary to protect the country from collapsing and to free up resources that were previously benefiting only a few wealthy individuals.

President Tinubu stated that the removal of petrol subsidy was aimed at tackling endemic poverty in the country and redirecting funds towards public welfare. He acknowledged the pain and burden it would place on the masses but assured them that their sacrifice would not be in vain.

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President Tinubu Democracy Day Speech picture

Tinubu stressed that the government would repay the people’s trust and belief by making substantial investments in transportation infrastructure, education, regular power supply, healthcare, and other public utilities. These efforts, he promised, would improve the overall quality of life for Nigerians.

READ ALSO: Latest News on Tinubu’s Government Planning to Sell NNPC’s Stakes in Oil and Gas Assets

The Nigerian National Petroleum Company (NNPC) Limited has already announced adjustments to the pump price of petrol across its retail outlets nationwide, resulting in a sharp hike in fuel prices. This has raised concerns among Nigerians who are already feeling the impact of the subsidy removal.

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NNPCL Fuel Price Over Subsidy Removal

President Tinubu urged Nigerians to endure the effects of the subsidy removal, highlighting the need to protect the country’s resources from the grip of a few unpatriotic elements. He assured the nation that his administration would fulfill every component of its manifesto, known as the ‘Renewed Hope’ agenda.

Calling for a rededication to democracy, Tinubu emphasized the importance of elected leaders providing selfless service to the Nigerian people and delivering on their electoral promises. He pledged to govern with fairness, respect for the rule of law, and a commitment to uphold the dignity of all citizens.

RELATED: Tinubu Holds Crucial Meeting with Kwankwaso at Aso Rock Villa

As the subsidy removal takes effect later in June, Nigerians will be closely watching how the government addresses the concerns surrounding the fuel price hike and fulfills its promises of investing in public infrastructure and improving the lives of the people.

Source: The Cable

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