The remark was made by Tinubu during his inaugural address as the 16th President of Nigeria. He also said that his team would reveal the main element of his administration’s economic policy.
In his own words, “We applaud the outgoing administration’s decision to phase out the petrol subsidy regime, which has progressively favored the wealthiest over the poor. In the context of depleting resources, subsidies can no longer be used to justify their ever-rising prices.
In its place, the statement reads, “We shall instead re-channel the funds into better investments in public infrastructure, education, health care, and jobs that will materially improve the lives of millions.”
He also spoke on revamping Nigeria’s economy by ensuring budgetary reforms and promised to make electricity more accessible by encouraging various state governments to participate in power generation.
He added that his government will review various multiple taxations.
Follow us on facebook
Post Disclaimer
The opinions, beliefs and viewpoints expressed by the author and forum participants on this website do not necessarily reflect the opinions, beliefs and viewpoints of Anaedo Online or official policies of the Anaedo Online.