Tinubu: Fuel subsidy removal saved Nigeria from Bankruptcy

President Bola Ahmed Tinubu on Friday said the removal of fuel subsidy by his administration saved the country from “imminent bankruptcy and laid the foundation for the gradual recovery of the nation’s economy.”

Tinubu: Fuel subsidy removal saved Nigeria from Bankruptcy. President Bola Ahmed Tinubu on Friday said the removal of fuel subsidy by his administration saved the country from “imminent bankruptcy and laid the foundation for the gradual recovery of the nation’s economy.” He spoke while hosting state governors who paid him a Sallah homage and joined in celebrating the third anniversary of his administration. In attendance were the Governors of Lagos, Nasarawa, Jigawa, Sokoto, Kebbi, Taraba, Niger, Ekiti, Delta, Ondo, Edo, Adamawa, Benue, Enugu, Ogun, and Kogi States, as well as the deputy governors of Borno and Kano. President Tinubu acknowledged that the decision to remove the subsidy was difficult and painful for many Nigerians, but stressed that it became necessary to rescue the country from “fiscal collapse and restore economic stabili...