During the 19th All Nigeria Editors Conference organized by the Nigerian Guild of Editors in Uyo, Akwa Ibom State capital, President Bola Tinubu addressed the current challenges faced by Nigerians as a result of the removal of fuel subsidy and the convergence of the foreign exchange rate. He emphasized that these tough times must persist as they form a necessary sacrifice that will ultimately lead to better times in the future.
Represented by the Minister of Information and National Orientation, Mohammed Idris, President Tinubu expressed that the removal of fuel subsidy was an unavoidable decision made to rescue the economy from suffocation. While acknowledging the hardships faced by Nigerians in the short term, he stressed the importance of making such sacrifices to secure a better future.
President Tinubu further stated, “To cushion the effects of these difficult times, we have implemented palliative measures and interventions that aim to alleviate the immediate pain. These initiatives serve as a bridge towards the renewed hope agenda, where we can collectively experience lasting joy and progress.”
The President acknowledged the economic implications of removing fuel subsidy and assured Nigerians that his administration is taking all necessary steps to mitigate the resulting challenges. Through short and medium-term interventions, the government aims to provide relief while awaiting the long-term benefits of the ongoing reforms.
