Tinubu: Removing Fuel Subsidy Averted Nigeria’s Bankruptcy

President Bola Tinubu says his administration has rescued Nigeria from the brink of national bankruptcy by laying a solid foundation for economic recovery. He told state governors, who visited the Presidential Villa for Eid al-Adha celebrations and to mark his third year in office, that ending the fuel subsidy was crucial to preventing fiscal collapse and ensuring long-term stability. In a statement from the presidency, he highlighted ongoing reforms across key sectors that are restoring investor confidence. He praised governors for no longer relying on federal bailouts and urged citizens to remain patient as the benefits of these reforms emerge.

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