President Tinubu has declared that his administration saved Nigeria from what would have been a heart breaking bankruptcy had fuel Subsidy not been removed. Making this statement on Thursday in Abuja, the president said his action is with the future generation in mind.
In a statement by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, on Thursday bearing details of the Parley, the president said he has the best interest of the future generation at heart.
“For 50 years, Nigeria was spending money of generations yet unborn and servicing the West coast of our sub-region with fuel. It was getting difficult to plan for our children’s future.
“We faced serious headwinds when I took over, very challenging times. Nigeria would have been bankrupt if we had not taken the actions that we took, and we had to prevent the economy’s collapse.
“Today, we are sitting pretty on a good foundation. We have reversed the problem; the Exchange rate is stabilising. Food prices are coming down, especially during Ramadan. We will have light at the end of the tunnel,” the president said.
Read Also: Tinubu Vows to Reverse Japa, Inaugurates Implementation Committee
