President Bola Tinubu has said that his administration’s decision to remove petrol subsidy was aimed at saving the country from going bankrupt, and to meet the immediate and future needs of the country.
The president spoke at the Enugu Government House during an interactive session with South East stakeholders.
“We must build this house called Nigeria to not just satisfy our immediate need but our tomorrow too,” Tinubu told his audience that included serving and past governors from the South East, other top government officials and traditional rulers. He was in the state for a one-day visit.
He added: “That is why the removal of the fuel subsidy was necessary. We cannot spend the future of generations yet unborn. Don’t bankrupt the nation before they’re born.”
He reaffirmed his administration’s commitment to the completion of the Eastern Rail Line, which is expected to connect Port Harcourt and Maiduguri.
The President emphasised the rail link’s potential to boost Nigeria’s non-oil exports and economic growth.
“It is a work in progress. I inherited some of these critical problems and I am committed to solving them,” he said.
He also pledged to ensure adequate support for the development of the gas industry and the development of the resource-rich Anambra Basin.
