At Inauguration: Tinubu Hits Ground Running, Lists Critical Reforms As Inflation Rise In Nigeria 2023

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At Inauguration: Tinubu Hits Ground Running, Lists Critical Reforms And Inflation Rise 

President Bola Ahmed Tinubu yesterday set the pace for governance under his administration, vowing to focus on some key sectors crying for reforms.

Tinubu stated the critical reforms he would undertake as he hit the ground running, just as he called for unity and commitment to nation-building.

In the first policy direction of his administration, Tinubu announced the removal of fuel subsidy.

According to him, subsidy can no longer justify its ever-increasing costs in the wake of drying resources.

He spoke after taking the oath of office and allegiance as the 16th president of Nigeria administered by the Chief Justice of Nigeria (CJN), Justice Kayode Ariwoola, at the Eagle Square, Abuja.

Tinubu pledged to be a president for all, irrespective of the circumstances of history and political differences, saying though he fought hard to win the 2023 presidential poll, his victory does not make him more Nigerian than his opponents.

Shettima told reporters on his first day in office at the Presidential Villa Abuja the administration anticipated that there will be fierce opposition to its decision to remove fuel subsidy.

He said: “The President has already made pronouncements yesterday on the issue of the fuel subsidy. The truth of the matter is that it is either we get rid of the subsidy or the fuel subsidy gets rid of the Nigerian nation.

 

 “In 2022, we spent $ 10 billion subsidizing the ostentatious lifestyle of the upper class of society because you and I benefit 90% from the oil subsidy. The poor 40% of Nigerians benefit very little and we know the consequences of unveiling a masquerade.

“We will get fierce opposition from those benefitting from the oil subsidy scam but where there is a will, there is a way. Be rest assured that our President is a man of strong will and conviction.

“In the fullness of time, you will appreciate his noble intentions for the nation. The issue of fuel subsidy will be frontally addressed. The earlier we do so, the better.’’