President Tinubu to Give Breakdown of Subsidy Removal Proceeds

President Bola Tinubu says his administration’s economic reforms will rebuild Nigeria’s economy and improve the lives of ordinary Nigerians.

Tinubu spoke on Thursday at the Presidential Villa in Abuja when leaders of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), led by their president, Salimon Oladiti, paid him a courtesy visit.

The President defended the removal of the fuel subsidy, saying the policy was necessary to prevent further damage to the economy and redirect government funds to projects that will benefit Nigerians.

Tinubu also promised that the Federal Government will soon publish details of how the money saved from the subsidy removal has been spent, while rejecting claims that the reforms are targeted at ordinary citizens.

He described the reforms as a financial reset and assured workers, families and businesses that the benefits of a stronger economy will eventually reach them.