President Bola Tiunbu has mentioned that the removing of the oil subsidy by his administration was to not torment Nigerians however to avoid wasting the nation from whole collapse.
The president who introduced the subsidy removing on the day of his inauguration on Could 29, 2023, famous that the coverage had been yielding constructive outcomes for the nation.
Tinubu said this in his deal with on the thirty fourth and thirty fifth mixed convocation ceremonies of the Federal College of Know-how Akure Ondo State on Saturday.
Represented by the Vice Chancellor of the College of Ilorin, Prof Wahab Egbewole, the president mentioned his administration was not unaware of the struggling of the folks however expressed assurance that there can be gentle on the finish of the tunnel.
Tinubu mentioned, “As you might be all conscious, we took the baton of authority at a time when our financial system was nose-diving because of heavy money owed from gas and greenback subsidies. The subsidies have been meant to assist the poor and make life higher for all Nigerians.
“We’re all conscious of the truth that the poor and common Nigerians have been the victims of what was supposed to present them succour and improved way of life. Sadly, the nice life we thought we have been dwelling was a faux one which was able to main the nation to a complete collapse except drastic efforts have been urgently taken.
“The necessity to salvage the way forward for our youngsters and convey the nation again from the brink of collapse necessitated the strategic selections to take away the gas subsidy and in addition unify the change charges. I’m not unaware of the results of the robust selections on our folks.”
Stressing that the coverage has been fruitful, Tinubu said, “The macro-economy of our pricey nation is bettering by the day and past expectations. The micro-economy, which instantly impacts our residents, can also be taking form regularly with constructive outcomes. We at the moment are graduating from consumption to manufacturing financial system in each aspect of our human endeavours. By the grace of the Almighty God, each family will expertise a greater life and have brighter hope for the long run.
“The current challenges name for a excessive diploma of patriotism and I can guarantee all Nigerians that there’s gentle on the finish of the tunnel. After rain comes sunshine. The brighter days are virtually right here. The Renewed Hope Agenda is on monitor, and we will not deviate on the trail of higher and larger Nigeria.
It’s within the gentle of the foregoing that I’m glad to tell you that the outcomes of the insurance policies are already yielding the anticipated outcomes,” he maintained.
The president admonished the graduating college students to hitch arms collectively to get well “our misplaced glory and virtues.”
He condemned the exodus of youths to abroad international locations looking for greener pastures, saying such motion was not the answer to the nation’s downside.
“A lot of our youths have chosen the supposed straightforward possibility of emigrating to the proverbial greener pastures the place their residents had rolled up their sleeves to carry their nations again from the brinks of their occasions of bother. Such inclination has led to the mind drain syndrome that we now expertise in all areas of our endeavours as a nation.
“Our intellectuals and consultants on whom the nation has massively invested large sources to coach within the curiosity of our nation are migrating abroad in giant numbers at a time their providers are most required at house. It’s heart-rending, and the syndrome will not be the answer to our issues. We aren’t Nigerians by chance, and I imagine that the Almighty God who made us Nigerians has given us the required knowledge to show issues round for our betterment, “President Tinubu mentioned.