President Bola Tinubu has pledged not to betray the trust Nigerians placed in him, maintaining that his administration’s economic reforms are designed to build a stronger and more prosperous future for the country.
Tinubu, speaking through Senate President Godswill Akpabio at the inauguration of the PBAT Door-to-Door Movement executives on Thursday, said the grassroots mobilisation initiative would help promote the Renewed Hope agenda nationwide.
In his inaugural address on May 29, 2023, the President declared that “subsidy is gone,” formally ending Nigeria’s petrol subsidy regime.
The announcement, alongside other key reforms such as the unification of the foreign exchange market, led to a significant increase in fuel prices, higher transportation costs, and a rise in the cost of goods and services nationwide.
More than three years later, the APC-led Federal Government has maintained that the funds saved from the subsidy removal have been invested in programmes designed to improve citizens’ welfare and drive national development, while insisting that its broader economic reforms are beginning to produce positive outcomes.
