RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Economy

Tinubu Urges Nigerians to Remain Steadfast Amid Subsidy Removal Decision

Stephen Akudike by Stephen Akudike
September 13, 2023
in Economy
Reading Time: 2 mins read
A A
0
Nigeria’s Crypto Future: President Tinubu’s Promises and Potential Pitfalls.
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

President Asiwaju Bola has urged Nigerians to remain resolute in the face of his decision to remove fuel subsidy during his democracy speech. The president emphasized that this abrupt decision is aimed at saving Nigeria from impending crisis.

Acknowledging that subsidy removal will undoubtedly increase the hardships faced by Nigerians, President Tinubu assured the nation of his administration’s commitment to making substantial investments in critical sectors such as transportation, healthcare, infrastructure, and education. He drew inspiration from the philosophies of the late MKO Abiola, emphasizing the importance of prioritizing the welfare of the people over the personal interests of the ruling class.

AlsoRead

NRS Chairman: Fuel Subsidy Could Have Cost N53 Trillion

Tinubu Approves Deep Offshore Reform Aimed at Attracting $50 Billion Investment

Oil Sector FX Demand Surges 115% in 2025 Despite Expanded Local Refining

During his address, President Tinubu stated, “In my inauguration address on May 29, I gave effect to the decision taken by my predecessor-in-office to remove the fuel subsidy albatross and free up for collective use the much-needed resources, which had hitherto been pocketed by a few rich.” He acknowledged the burden this decision places on the masses but reiterated the necessity of such measures to rescue the nation from its precarious situation.

While recognizing the sacrifices Nigerians are being asked to make, President Tinubu assured the citizens that their efforts would not be in vain. He pledged a significant increase in government investment in transportation infrastructure, education, reliable power supply, healthcare, and other essential public utilities, with the ultimate aim of improving the overall quality of life for all Nigerians.

President Tinubu emphasized the democratic ideals championed by MKO Abiola, stating, “The democracy MKO Abiola died for is one that promotes the welfare of the people over personal interests of the ruling class and one where the governed can find personal fulfillment and happiness. That is the hope MKO Abiola ignited throughout our country in 1993.”

President Tinubu called upon Nigerians to reaffirm their commitment to the strengthening of democratic governance, highlighting its vital role as a beacon of hope for the nation over the past 24 years. As the country faces difficult decisions and challenges, the president urged citizens to unite and work together towards a brighter future.

Tags: #Infrastructure#InvestmentdemocracyEducationHealthcareMKO AbiolaNigerians.President Tinubuquality of life.ruling classsacrificesteadfastsubsidy removaltransportationwelfare
Previous Post

Binance Faces Regulatory Heat as Nigeria Bans Operations and SEC Sues in the US.

Next Post

UBS Group AG Completes Acquisition of Credit Suisse Group.

Related News

Petrol Prices Surge in West Africa as Nigeria Removes Subsidies.

NRS Chairman: Fuel Subsidy Could Have Cost N53 Trillion

by Akpan Edidong
August 12, 2026
0

The Chairman of the Nigeria Revenue Service, Zacch Adedeji, has said that Nigeria’s fuel subsidy bill could have ballooned to...

2024 Budget Outline: Oil Price Set at $77.96, Naira Stands at 750 Against the Dollar

Tinubu Approves Deep Offshore Reform Aimed at Attracting $50 Billion Investment

by Victoria Attah
August 12, 2026
0

President Bola Tinubu has approved a major reform of Nigeria’s deep offshore oil and gas investment framework, designed to unlock...

Oil Sector FX Demand Surges 115% in 2025 Despite Expanded Local Refining

by Akpan Edidong
August 10, 2026
0

Nigeria’s foreign exchange demand for oil-sector imports rose sharply by 114.91 per cent in 2025, underscoring the country’s continued reliance...

Senate Committee Frowns at N17 Trillion Loss from Tax Waivers, Urges FIRS Reform

Tax Revenue More Than Doubles to N27.1 Trillion After 113% Surge

by Victoria Attah
August 10, 2026
0

Nigeria’s tax collections have risen by 113 per cent in less than three years, climbing from N12.3 trillion in 2023...

Next Post
UBS Group AG Completes Acquisition of Credit Suisse Group.

UBS Group AG Completes Acquisition of Credit Suisse Group.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Airlines Implement Time-Saving Strategies for More Efficient Operations

Air Peace and United Nigeria Claim Over N2 Billion Losses After Union Disruptions

August 13, 2026
CBN Allows Oil Companies to Resume Dollar Sales to Banks in Effort to Boost Supply.

CBN Raises 364-Day T-Bill Rate to 17.59% Despite N4.4 Trillion in Bids

August 13, 2026

Popular Story

  • CBN Allows Oil Companies to Resume Dollar Sales to Banks in Effort to Boost Supply.

    CBN Raises 364-Day T-Bill Rate to 17.59% Despite N4.4 Trillion in Bids

    0 shares
    Share 0 Tweet 0
  • GTBank Raises Naira Card International Spending Limit to $40,000

    0 shares
    Share 0 Tweet 0
  • Consumer Goods Sell-Off Wipes N1.76 Trillion Off NGX as ASI Falls 1.12%

    0 shares
    Share 0 Tweet 0
  • Air Peace and United Nigeria Claim Over N2 Billion Losses After Union Disruptions

    0 shares
    Share 0 Tweet 0
  • 31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>