Tinubu Speaks At World Economic Forum, Gives Reasons For Fuel Subsidy Removal In Nigeria

President Bola Tinubu has again addressed the reasons for the fuel subsidy removal in Nigeria.

He addressed this during a panel session at the ongoing World Economic Forum in Riyadh, Saudi Arabia, on Sunday which focuses on Global Collaboration, Growth, and Energy for Development.

He said that his administration’s removal of the fuel subsidy was in the best interest of Nigeria, saying it was necessary not to plunge the country into bankruptcy.

The President stressed the country’s belief in economic collaboration and inclusiveness among other nations to drive stability on the global stage.

According to him, “For Nigeria, we are immensely consistent with belief that the economic collaboration and inclusiveness are necessary to engender stability in the rest of the world.

“Concerning the question of the subsidy removal, there is no doubt that it was a necessary action for my country not to go bankrupt, to reset the economy and pathway to growth.”