FCT, Abuja – President Bola Ahmed Tinubu has said that Nigeria must prioritise economic diversification to move forward.
In a video shared on his verified X (formerly Twitter) handle on Sunday evening, January 11, 2025, Tinubu reaffirmed his administration’s commitment to the peace and prosperity of Nigeria.
The president tweeted:
TimesNow.com.ng recalls that in May 2023, Tinubu, an influential political kingmaker, became president and implemented economic reforms that included the revoking of fuel subsidies, which nearly tripled the price of fuel.
Though there was an “urgent need” for economic reform, the World Bank said in a report published in October 2024, “Nigerians have experienced intensifying hardship” since it was enacted. Prices and exchange rates have adjusted, adding to the cost of living pressures that were already in place.
Read more on Tinubu’s presidency:
Earlier, TimesNow.com.ng reported that the 36 state governors said they were aware Nigerians were hungry but expressed appreciation for President Tinubu’s reforms.
The governors spoke after meeting with President Tinubu at the Aso Villa.
The governors’ position came as the group chief executive officer of Nigerian National Petroleum Company Limited (NNPCL), Mele Kolo Kyari, who briefed them at the meeting, confirmed that there was now total fuel subsidy removal in the country.
Source: TimesNow.com.ng
