I have no regret removing fuel subsidy – Tinubu

President Bola Ahmed Tinubu has boldly reaffirmed his decision to remove fuel subsidies, declaring it a necessary step for Nigeria’s economic survival and one he does not regret.

During his first presidential media chat on Monday evening, Tinubu described the subsidy as a drain on the nation’s resources, benefiting foreign economies at Nigeria’s expense.

“We cannot continue subsidizing the entire West Africa sub-region,” he stated. “Whether we phase it out gradually or remove it completely, it had to go.”

The President also highlighted security improvements, noting that many previously unsafe routes are now safer for travel. “Two decades of wanton killings have been addressed. Today, you can travel the roads. Before now, it was impossible,” he remarked, while emphasizing the military’s vigilance against threats.

On fiscal discipline, Tinubu lauded his administration’s reforms, including moving away from the “ways and means” model. “We now have financial control, more revenue generation, and better distribution,” he said.

The President praised the autonomy granted to local governments as a key achievement, linking it to his longstanding push for grassroots empowerment dating back to his tenure as Lagos State Governor. He recalled his clashes with the Obasanjo administration over the creation of additional local councils as evidence of his commitment to decentralization.

While acknowledging the hurdles ahead, Tinubu expressed optimism about Nigeria’s future. “Critics may disagree, but Nigeria is on the path to recovery. The job cannot be finished in a single calendar year, and I am not giving excuses—it’s been just 18 months,” he said.

Tinubu’s comments signal a steadfast commitment to his economic and security reforms, positioning his presidency as one focused on long-term recovery and sustainable growth.