News
Tinubu Assures Nigerians of Brighter Days Ahead Despite Challenges from Fuel Subsidy Removal
President Bola Tinubu has reassured Nigerians of a better future despite the challenges posed by the removal of the fuel subsidy.
Speaking at the combined 34th and 35th convocation ceremonies of the Federal University of Technology, Akure, Ondo State, on Saturday, Tinubu, represented by Prof. Wahab Egbewole, Vice Chancellor of the University of Ilorin, highlighted the necessity of the policy.
He explained that his administration inherited a steeply declining economy burdened by heavy debts from fuel and dollar subsidies. “The subsidies, initially aimed at supporting the poor, ironically worsened their conditions and threatened the nation’s economic stability,” Tinubu said.
He emphasized that removing the subsidy and unifying exchange rates were critical steps to prevent economic collapse and ensure a better future. While acknowledging the immediate hardships, the president noted that the country’s macro and micro-economies are steadily improving.
Tinubu assured Nigerians that the “Renewed Hope Agenda” remains on track, adding, “Brighter days are almost here. The challenges call for patriotism, and I assure all Nigerians there is light at the end of the tunnel.”
The Director-General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, has spoken on Nigeria’s economy, stating that the country lacks a good maintenance culture.
She said “The fact is that endowments alone do not add value. Budgetary allocations alone do not lead to new roads or good maintenance.”
“We lack a maintenance culture in the country. I have to say that. I’m Nigerian, but we need that. We need better ports and digital infrastructure, and lower trade costs. Execution is what matters, and successful execution requires focus. It requires prioritisation.”
Politician and former presidential candidate Peter Obi speaks on President Bola Tinubu’s comments regarding the rising hunger and worsening economic situation in Nigeria.
It can be noted that the President recently stated that hunger has always existed in Nigeria.
Peter Obi responded “I watched with deep concern the statement made by President Bola Tinubu to the Catholic Bishops, that there has always been hunger in Nigeria, even before he was born.”
“While it is true that hunger has been a part of human life and has existed in our country for decades, such a statement appears insensitive to the plight of the millions of Nigerians who face worsening economic hardship today.”
Reports have been shared stating that the Nigerian Army has launched a new programme designed to train and improve the skills of engineers in tackling threats posed by Improvised Explosive Devices (IEDs).
The seminar is being organised by the 41 Engineer Brigade of the 1 Division Nigerian Army.
It was stated “Improvised Explosive Devices have become one of the greatest security threats confronting the Nigerian Army in ongoing counter-insurgency operations. Their widespread use has complicated military operations and humanitarian activities in conflict-affected areas.”
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