Nigeria won’t go back to Egypt, Tinubu rejects Atiku’s subsidy plan
President Bola Tinubu has rejected Atiku Abubakar’s fuel subsidy plan, vowing that Nigeria will never return to the old system which he removed. Read More: https://punchng.com/nigeria-wont-go-back-to-egypt-tinubu-rejects-atikus-subsidy-plan/
President Bola Tinubu firmly stated his opposition to reinstating the fuel subsidy, comparing a return to it to Moses returning to Egypt. Speaking at a forum, the President emphasized that Nigeria had no intention of reverting to the subsidy regime, which he called a "biblical" mistake. Tinubu, who scrapped the subsidy on his first day in office, urged the nation to move forward with innovative ideas and deep thinking.
Atiku Abubakar, the African Democratic Congress Presidential Candidate, had promised to bring back the subsidy if elected. During the interview, Tinubu praised the economy's growth and the foreign reserves, which had risen to $60 billion, crediting his administration's tough decisions for the nation's economic recovery. He also highlighted the success of the Student Loan Act, which had provided support to over a million students.
Written by urgent.news from Punch's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 4 other outlets
- Nigeria won’t go back to Egypt, Tinubu rejects Atiku’s subsidy plan punchng.com
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- Nigeria’s Permanent Representative presents $14bn UN budget to Tinubu premiumtimesng.com
- Tinubu rules out petrol subsidy return, pledges reform continuity businessday.ng
