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I Removed Fuel Subsidy To Prevent Nigeria Becoming Bankrupt — Tinubu - Politics - Nairaland 436z2b

I Removed Fuel Subsidy To Prevent Nigeria Becoming Bankrupt — Tinubu (12337 Views)

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Kuginzi: 10:13pm On Jan 04
By Seun Opejobi

President Bola Tinubu has said he removed the subsidy on fuel to safeguard the future of Nigerians.

Tinubu said he couldn’t allow Nigeria to go bankrupt, hence the need to remove the subsidy on fuel.

He disclosed this during a town hall meeting with the people of Enugu State after inaugurating some of the projects built by Governor Peter Mbah on Saturday.

According to Tinubu: “We must build this house called Nigeria to not just satisfy our immediate need, but our tomorrow too. That’s why the removal of the fuel subsidy was necessary. We cannot spend the future of generations yet unborn in advance. Don’t bankrupt the nation before they’re born.”

Tinubu had announced the removal of the subsidy on petrol on May 29, 2023.

His actions led to a hike in the prices of commodities, with some of his critics condemning the policy as not well thought out.
https://dailypost.ng/2025/01/04/i-removed-fuel-subsidy-to-prevent-nigeria-becoming-bankrupt-tinubu/

24 Likes 4 Shares

budaatum: 10:23pm On Jan 04
Tinubu, you done well.

Other presidents had promised to remove fuel subsidy but found they lacked the balls you have.

89 Likes 12 Shares

ElSudani: 10:25pm On Jan 04
Reasonable Nigerians understand that sir. Those who want to exploit the situation will tell you they have a magic wand.

60 Likes 8 Shares

EyeCumInPiece: 10:26pm On Jan 04
...and for you polithiefcians to have enough to loot and squander. grin

43 Likes 2 Shares

EyeCumInPiece: 10:27pm On Jan 04
Gustavowhite(m): 10:28pm On Jan 04
This ugly thief again?

46 Likes 4 Shares

Factcheck0001: 10:30pm On Jan 04
Every sane Nigerian know that even the bitter haters but they are irredeemably stupid so they will keep wailing

Observe that I didn't mention anyone's name but just watch those who will attack me

94 Likes 8 Shares

yarimo(m): 10:33pm On Jan 04
Nigerians are happy to have TINUBU as president

85 Likes 6 Shares

Ironfaceman(m): 10:46pm On Jan 04
Tinubu is either demented or under the influence of PSYCHEDELICS. Tinubu has never APOLOGISED for misleading Nigerians in the infamous OJOTA SUBSIDY removal protest.

That is why I can never believe this bloody LIAR . People like THIS think everything is a game. Your economic policy is so good that people are languishing and yet they are told to believe a lie.

49 Likes 7 Shares

Richtaiwo(m): 10:58pm On Jan 04
Tinubu is a man with metal balls
Orji Uzor Kalu

14 Likes 4 Shares

Frigga13: 11:17pm On Jan 04
Normally only his Yoruba praise singers cares about his gibberish..

Druggie like story telling ans no one is really interested in his stories .

Do quick and share the money… sane Nigerians already know you’re a time waster and are all unified in patiently waiting for 2027

Na your rigging we dey wait .. no be even election

28 Likes 4 Shares

WakeUpNigerians: 12:08am On Jan 05
If you are christian and you believe the gimmicks and propaganda of these yoruba muslims, you are on your own o.

17 Likes 2 Shares

givedemwotowoto: 12:20am On Jan 05
Agbadorians never sleep! Flooding every comment section with the same praises they gave Buhari for 8 years before backstabbing him and telling us he destroyed the economy.

29 Likes 6 Shares

SalamRushdie: 12:23am On Jan 05
And made the country lose half it's GDP ?

13 Likes 1 Share

Dogalmighty17: 12:24am On Jan 05
US subsidizes petrol. Last year, exxon mobil and other oil giants got 11 billion dollars in tax write offs. States like Alaska, outside subsidizing fuel, also gives its citizens welfare checks from oil sales.

I can understand the need for the removal of subsidy in Nigeria. When politicians have looted everywhere, funds for subsidy payments became endangered. Tinubu cut it off. Yet nothing got down about the Nigerian budget been padded by over 500 billion. Nothing has been done to cut down the cost if governance.

Nigeria can't subsidize fuel for her people but the savings from subsidy removal gets looted again by the elite in power.

45 Likes 6 Shares

Sheuns(m): 12:56am On Jan 05
There’s a thin line between confidence and arrogance.

10 Likes 2 Shares

ivandragon: 5:28am On Jan 05
So in 2012, you wanted the country to go bankrupt?

BAT is a liar and a hypocrite. A self serving megalomaniac.

Even during his campaign, when fuel was N197, he promised to reduce the price of pms, and yet, some 1diots are upset that sane Nigerians are holding him to .

https://www.legit.ng/politics/1587558-video-tinubu-promises-reduce-fuel-price-n100-fact-emerges/

Same bat lied about fuel price increases and yet clowns are upset that sane Nigerians want to hold him to ...

https://www.timesng.com/news/headlines/616224-tinubu-to-nigerians-therell-be-no-more-increase-in-fuel-price.html

29 Likes 2 Shares

MadamExcellency: 5:41am On Jan 05
You pull down the family house with a leaking roof and send the people away without any alternative to save them from the cold - Imagine such stupidity.

You bankrupted Nigerians to save Nigeria? Is that not a form of population control you bought from Western neo-colonists?

Your approach failed and the intentions were not yours. You were deceived to follow such an unmitigated disaster hence quit defending it and look for how best to reduce the stubborn inflation wiping out the middle-class and bankrupting cooperations.

31 Likes 4 Shares

Bobloco: 5:41am On Jan 05
But Nigeria will not go bankrupt when Tinubu buys a new armored Cadillac Escalade SUV for himself, discarding the Mercedes Benz Maybach S-Class that Buhari used. Nigeria will not go bankrupt when he buys a new aircraft, a new yacht, and engages in frivolous foreign trips around the world, including medical tourism to the UK and , while failing to build a world-class hospital in Lagos State.

Nigeria will not go bankrupt when he himself and those around him are engaging in wanton embezzlement of our commonwealth.

Thunder 🔥 Tinubu

12 Likes 2 Shares

orisa37: 5:57am On Jan 05
YOU DID WELL. THAT WAS PRESIDENTIAL PREROGATIVE.
NOW TAG THE NAIRA AT N500 : $1
CRASH PETROL TO N500 PER LITER
CRASH CEMENT TO N500 PER BAG.
OTHER PRICES WILL AUTOMATICALLY COME DOWN.
THAT'S PRESIDENTIAL PREROGATIVE TOO.

6 Likes 1 Share

orisa37: 6:08am On Jan 05
MR. PRESIDENT WANTS INFLATION DOWN FROM 34% NOW TO 15%, THEREFORE ALL CURRENT PRICES MUST COME DOWN BY 41%. THAT'S PRESIDENTIAL PREROGATIVE.

3 Likes

princeade86(m): 8:07am On Jan 05
God will judge u. But 2012 subsidy is a scam to u and power drunk team?

11 Likes 2 Shares

Hmmmmm2024: 8:08am On Jan 05
So true...but so something about agriculture... people are suffering

1 Like

Curious345: 8:08am On Jan 05
Carry on 💪💪.

We love you balabluuu..

4 Likes

Murketeer: 8:08am On Jan 05
budaatum:
Tinubu, you done well.

Other presidents had promised to remove fuel subsidy but found they lacked the balls you have.
Did he also do well in protesting its removal in 2012?

9 Likes 1 Share

FearlessYoruba: 8:08am On Jan 05
Frigga13:
Normally only his Yoruba praise singers cares about his gibberish..

Druggie like story telling ans no one is really interested in his stories .

Do quick and share the money… sane Nigerians already know you’re a time waster and are all unified in patiently waiting for 2027

Na your rigging we dey wait .. no be even election

Mr OSU Wawa jew rat can you face Tpain alone without including Yoruba?

9 Likes 1 Share

Bobloco: 8:08am On Jan 05
sad
Jokerman(m): 8:08am On Jan 05
So what are you doing about the corresponding cost of goods in the market Sir?

3 Likes

Eleph(m): 8:09am On Jan 05
For majority of the people to be impoverished while servicing the luxurious lifestyles of those in government.

3 Likes

lexy2014: 8:11am On Jan 05
budaatum:
Tinubu, you done well.

Other presidents had promised to remove fuel subsidy but found they lacked the balls you have.

we can all see how he is doing well.

did he remove subsidy so that nigeria wont go bankrupt or because he wanted to collect world bank loan?

5 Likes

MasterJayJay: 8:11am On Jan 05
But Tinubu and APC sponsored occupy Nigeria that made Goodluck Jonathan to reverse subsidy removal.


The babablus hypocrites should stop talking nonsense. So you wanted Nigeria to go bankrupt when Goodluck removed subsidy and you attacked him?

7 Likes 2 Shares

Nahunger(m): 8:12am On Jan 05
grin

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