- he said the government is reviewing economic data and policies to find ways to ease the burden on citizens
- He emphasized that some of the economic difficulties are driven by external factors beyond Nigeria’s control
- Tinubu also reiterated his administration’s commitment to strengthening national security
President Bola Tinubu on Friday encouraged Nigerians to reflect on their situation in comparison to other African nations, noting that some, such as Kenya, are currently facing more severe economic challenges.
Speaking in Yenagoa during the commissioning of infrastructure projects carried out by Bayelsa State Governor Douye Diri,Eko Hot Blog reports that the President admitted that rising fuel costs have placed significant strain on citizens.
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However, he assured the public that his administration is working on measures to support vulnerable groups and reduce the impact.
Tinubu pointed out that recent increases in petrol prices,now around ₦1,300 per litre, have been influenced by global developments, including tensions linked to the US–Israeli conflict involving Iran, which disrupted oil supply routes like the Strait of Hormuz and unsettled international markets.
Since taking office nearly three years ago, Tinubu’s removal of the fuel subsidy has contributed to higher fuel and transportation costs, putting pressure on household finances nationwide.
Acknowledging this, he said the government is reviewing economic data and policies to find ways to ease the burden on citizens.
He emphasized that some of the economic difficulties are driven by external factors beyond Nigeria’s control, describing them as consequences of global interconnectedness.
Referencing Kenya’s recent unrest, including protests over tax increases that led President William Ruto to withdraw a finance bill and reorganize his cabinet, Tinubu suggested that Nigeria’s situation, though challenging, is comparatively less severe.
During the event, Tinubu praised Governor Diri’s leadership, noting that projects such as road networks and a connecting bridge demonstrate how progress can be accelerated when state and federal governments collaborate effectively.
In a lighter moment, the President jokingly responded to the governor’s request to have a state-funded road reclassified as a federal project eligible for reimbursement, saying he would “take it along” with him.
Tinubu also reiterated his administration’s commitment to strengthening national security, pledging continued investment in training and equipping the armed forces to combat terrorism and banditry.
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