Subsidy removal saved Nigeria from bankruptcy - Tinubu President Bola Tinubu has said the removal of fuel subsidy at the start of his administration saved Nigeria from imminent bankruptcy, adding that the country’s ongoing reforms are now producing visible economic gains. Speaking on Friday, May 29, while receiving state governors at his Ikoyi residence in Lagos for Sallah celebrations and the third anniversary of his administration, Tinubu said the decision, though difficult, was necessary. “It was challenging at the time, but we survived. We faced litigation and accusations. We survived them. Instead of bankruptcy, Nigeria has survived. The economy has recovered. It is growing. Agriculture is booming,” the President said. Special Adviser to the President on Information and Strategy, Bayo Onanuga, detailed the remarks in a statement titled, ‘Fuel Subsidy Removal Saved Nigeria From Bankruptcy, Says President Tinubu.’ In attendance were governors from several states including Lagos...
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