THE era of subsidy payment on fuel has ended, those were the words of Nigeria’s new President, Bola Tinubu.
Tinubu made the comment during his inaugural speech in Abuja on Monday.
“The fuel subsidy is gone,” Tinubu declared after he was sworn in as Nigeria’s 16th President.
He however, said that his government would channel funds into infrastructure and other areas to strengthen the economy.
He also promised to remodel the economy to bring about growth as well as develop the Gross Domestic Product through job creation.
The former Lagos State governor promised to rid Nigeria of terrorism and criminality.
He said “security shall be at the top of our administration,” adding that he will reform security architecture, invest more in security personnel, better training and provide better equipment for security personnel.
The new President said he will end extreme poverty, make food more abundant, ensure inclusion for women and youths and discourage corruption.
