Tinubu Rejects Atiku's Plan to Bring Back Subsidy
President Bola Tinubu has said he will not bring back the fuel subsidy. He made this statement while speaking at a forum.
Tinubu removed the subsidy on his first day in office. He says Nigeria was heading for bankruptcy and could not pay for the subsidy.
The fuel price has risen since the subsidy was removed. The President says the economy is growing steadily.
He also talked about the Students Loan Act which he signed in 2023. Over a million students have been supported through the act.
Vice President Kashim Shettima said the economy would have collapsed if Tinubu had not made some tough decisions. The economy has grown by 4.43 per cent in the last quarter.
The foreign reserves are now at $60bn. The Vice President says the President's decisions have repositioned the Nigerian economy.
He says Nigerians have endured hardship but it could have been worse.
This story is based on reporting by Punch, written in our own words and checked against that report before publishing. Spotted an error? Report it.
