
According to Tinubu, the strategy of subsidy withdrawal has saved Nigeria about N1trn.
On Monday, President Bola Ahmed Tinubu passionately pleaded with Nigerians to embrace his government's strategy of removing subsidies as well as other intervention programs. In the first instance, he used the national briefing to provide justification for the policy, noting that since his administration took office, the government had saved more than a trillion Naira that would have been wasted on the useless fuel subsidy. Tinubu claimed that the questionable subsidy scheme mainly benefited fraudsters and smugglers, further supporting his assertions. He promised that the money would now be used more directly and to your family's benefit. Tinubu stated in…