President Bola Tiunbu has stated that the removing of the oil subsidy by way of his management used to be to not torment Nigerians however to save lots of the rustic from general faint.
The president who introduced the subsidy removing at the moment of his initiation on Would possibly 29, 2023, famous that the coverage were turnover certain effects for the rustic.
Tinubu said this in his deal with on the thirty fourth and thirty fifth mixed convocation ceremonies of the Federal College of Generation Akure Ondo Shape on Saturday.
Represented by way of the Vice Chancellor of the College of Ilorin, Prof Wahab Egbewole, the president stated his management used to be now not ignorant of the struggling of the society however expressed agreement that there can be brightness on the finish of the tunnel.
Tinubu stated, “As you’re all mindful, we took the baton of authority at a presen when our economic system used to be nose-diving on account of big money owed from gasoline and buck subsidies. The subsidies have been intended to help the needful and create day higher for all Nigerians.
“We’re all acutely aware of the truth that the needful and reasonable Nigerians have been the victims of what used to be meant to present them succour and progressed lifestyle. Sadly, the nice day we concept we have been dwelling used to be a faux one who used to be able to eminent the rustic to a complete faint except drastic efforts have been urgently taken.
“The need to salvage the future of our children and bring the country back from the brink of collapse necessitated the strategic decisions to remove the fuel subsidy and also unify the exchange rates. I am not unaware of the consequences of the tough decisions on our people.”
Stressing that the coverage has been fertile, Tinubu said, “The macro-economy of our pricey nation is making improvements to by way of the moment and past expectancies. The micro-economy, which immediately impacts our electorate, could also be taking surrounding steadily with certain effects. We at the moment are graduating from intake to manufacturing economic system in each side of our human endeavours. Through the grace of the Almighty God, each family will enjoy a greater day and feature brighter hope for the date.
“The present challenges call for a high degree of patriotism and I can assure all Nigerians that there is light at the end of the tunnel. After rain comes sunshine. The brighter days are almost here. The Renewed Hope Agenda is on track, and we shall not deviate on the path of better and greater Nigeria.
It is in the light of the foregoing that I am glad to inform you that the results of the policies are already yielding the expected results,” he maintained.
The president admonished the graduating scholars to secured palms in combination to get well “our lost glory and virtues.”
He condemned the exodus of youngs to in another country nations looking for greener pastures, pronouncing such motion used to be now not the way to the rustic’s sickness.
“Lots of our youngs have selected the meant simple possibility of emigrating to the proverbial greener pastures the place their electorate had rolled up their sleeves in order their international locations again from the brinks of their instances of bother. Such inclination has ended in the mind drain syndrome that we now enjoy in all disciplines of our endeavours as a family.
“Our intellectuals and mavens on whom the family has vastly invested profusion assets to coach within the passion of our nation are migrating in another country in immense numbers at a presen their products and services are maximum required at house. It’s heart-rending, and the syndrome isn’t the way to our issues. We don’t seem to be Nigerians by way of collision, and I imagine that the Almighty God who made us Nigerians has given us the specified knowledge to show issues round for our betterment, “President Tinubu stated.