Connect with us

News

Subsidy Removal Is For ‘Better Tomorrow,’ Bear With Us – Tinubu Tells Nigerians

The Nigerian leader, who was represented at the event by the Secretary to the Government of the Federation (SGF) George Akume, said…

Published

on

WhatsApp Image 2023 08 18 at 4.32.22 AM
President Bola Ahmed Tinubu

President Bola Tinubu has called on Nigerians to be patient with his administration in the wake of the fuel subsidy removal, saying the move is in the country’s best interest.

VerseNews reports that Tinubu spoke in Abuja on Thursday during the public presentation of the autobiography of an elder statesman, Edwin Clark.

The Nigerian leader, who was represented at the event by the Secretary to the Government of the Federation (SGF) George Akume, said efforts are being made to cushion the impacts of the subsidy removal.

“Solutions to problems can never be as instant as coffee. But we must certainly be there. I know the removal of fuel subsidy has created some things. And that is why palliatives are being put in place of 100 trucks,” President Tinubu said.

“Fertilizers have been sent to the states, 100 trucks of grains have been sent and more are coming. Buses are also coming. We can endure this for a moment. What we are going through today is for a better tomorrow. Nations are great because citizens have hope. They have hope that tomorrow will be better than today.”

His comment comes on the heels of the Federal Government’s approval of palliatives for state governments.

After its meeting at the Presidential Villa, the National Economic Council (NEC) approved N5bn for each state and the Federal Capital Territory (FCT) as well as grains for state governors.

Governor Babagana Zulum of Borno State who made the announcement while briefing the press, said the government also released five trucks of rice each to the 36 state governors.

He also said the governors are expected to buy 100,000 bags of rice, 40,000 bags of maize, and fertilizers as part of measures to stem the effect of the removal of subsidy on petroleum.

Fifty-two per cent of the funds, Zulum added, were doled out to the states as grants. The rest – 48 per cent – is seen as loans.

Stay ahead with VerseNews. Get the latest breaking news, insightful analysis, and trending stories. Your go-to source for timely updates and unbiased reporting.

Click to comment

Leave a Reply

Your email address will not be published.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

WATCH: Nigeria Newspaper Headline Today

Apply For Latest Job Openings

Trending

pdp governors pdp governors
Politics14 hours ago

PDP Governors Send Warning Message to Wike, Others as Details of Zamfara Meeting Emerge

PDP governors have cautioned FCT Minister Nyesom Wike and other dissenting members against actions that could derail the party’s November...

wanted wanted
News1 day ago

BREAKING: EFCC Declares Atiku’s Son-in-Law, Bashir Haske, Wanted for Alleged Money Laundering

The Economic and Financial Crimes Commission (EFCC) has declared Abdullahi Bashir Haske, son-in-law of former Vice-President Atiku Abubakar, wanted.

pricillia ojo pricillia ojo
Celebrity Gist3 days ago

Priscilla Ojo And Husband, Juma Jux reveal Their Baby’s Gender (VIDEO)

Nigerian influencer Priscilla Ojo and Tanzanian singer Juma Jux have taken their love story to the next chapter with a...

INECVerseNewsNG15 INECVerseNewsNG15
Politics3 days ago

INEC Declares Politician Serving Jail Term Winner of Assembly Rerun Election

INEC further announced that Certificates of Return would be presented to successful candidates on August 21 and 22, 2025.

bbnaijas10 bbnaijas10
Big Brother Naija3 days ago

Love Triangles, Betrayal and Apologies Shake Biggie’s House

Emotions ran high on Thursday as Denari’s bond with Doris sparked tension, forcing apologies, confessions and fresh drama in Biggie’s...

davido chioma davido chioma
Celebrity Gist3 days ago

Chioma Adeleke Returns to Instagram After 3 Years With Emotional Tribute to Son Ifeanyi, Davido Reacts

Chioma Adeleke, wife of Davido, made her first Instagram post in three years after losing her son, Ifeanyi.

mide and bright morgan bbnaija mide and bright morgan bbnaija
Big Brother Naija3 days ago

BBNaijaS10: Mide Puts Bright Morgan On a Ship Probation

Tensions flared in the Big Brother house as Mide confronted Bright Morgan over their budding relationship.

SERAP Gives Wike, Sani Others 7 Days To Account For N5.9trn, $4.6bn Loans SERAP Gives Wike, Sani Others 7 Days To Account For N5.9trn, $4.6bn Loans
Politics3 days ago

Leaked Memo Exposes Wike’s Claim of No PDP NEC Invitation

A leaked memo has revealed that FCT Minister, Nyesom Wike, was duly invited to the Peoples Democratic Party’s (PDP) NEC...

social media scaled 1 social media scaled 1
News3 days ago

BREAKING: FG Shuts Down 13 Million Social Media Accounts, Enforces Code of Practice

The Federal Government has released new compliance figures under its 2024 Code of Practice, showing millions of actions taken against...

NCAA Airplane jpg 780x470 1 NCAA Airplane jpg 780x470 1
News3 days ago

NCAA Bans Use of ‘Flight Mode’, Orders Complete Phone Shutdown During Take-Off

The NCAA has banned “flight mode,” directing that all phones and devices be completely switched off during take-off and landing.

Advertisement