- Despite High Criticism, Subsidy Removal Was Right – Tinubu
- Says Heat from Subsidy Critics Was Intense
- Says Nigeria Better Off After Subsidy Removal
President Bola Tinubu has described the backlash that followed the removal of fuel subsidy as “high voltage,” noting that the intensity of criticism was significant at the outset of his administration, Eko Hot Blog reports.
Tinubu, however, maintained that Nigeria is better off following the policy decision.
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The President spoke on Friday during an interfaith breaking of fast with members of the House of Representatives.
He lamented that many Nigerians initially struggled to understand the direction of his reforms, particularly the removal of fuel subsidy and the floating of the naira.
“It was initially very difficult at the beginning for people to realize the direction of my thinking, but I’m glad that with the heat of the critics, none of you came to me to say can you reverse the removal of subsidy or can you change the foreign exchange floatation of the naira? I am glad we are out of the dark tunnel,” he said.
“You collaborated and joined together as a team and gave me the inspiration to move on because the heat was high voltage from the critics, but today we are better off for it.
“And if there is anything that you deserve, you deserve a second term subject to our party and your party,” the President added.
Tinubu reiterated his administration’s commitment to sustaining economic reforms aimed at stabilising the economy and promoting long-term growth.
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