The President in a Nationwide broadcast to Nigerians on Sunday morning disclosed that even though the decision to remove the fuel Subsidy was painful, it was necessary because it has constituted a noose around the economic “jugular of our Nation & impeded our economic development & progress.”

President Tinubu stated that “My vision for our country is one of a just & prosperous nation where each person may enjoy the peace, freedom & meaningful livelihood that only democratic good governance can provide – one that is open, transparent & accountable to the Nigerian people

Just over a year ago, our dear country Nigeria, reached a point where we couldn’t afford to continue the use of temporary solutions to solve long-term problems for the sake of now & our unborn generations. I therefore took the painful yet necessary decision to remove fuel subsidies & abolish multiple foreign exchange systems which had constituted a noose around the economic jugular of our Nation & impeded our economic development & progress.”