By: Chioma Madonna Ndukwu
In a recent broadcast, President Bola Tinubu emphasized that he has no regrets about his administration’s decision to remove the fuel subsidy, describing it as essential for the nation’s long-term financial health. Tinubu made it clear that this tough move was necessary to prevent a financial crisis that could burden future generations. He stated, “We cannot spend the future generation’s investments upfront,” underscoring the importance of taking decisive action now rather than facing financial ruin later.
He further explained that the subsidy removal was part of broader reforms aimed at redirecting resources to critical sectors like infrastructure and social programs. “This is not about fear or hesitation. It’s about doing what is necessary,” Tinubu said, highlighting the urgency of tackling Nigeria’s financial challenges. He also remarked, “We have no choice but to address the issue now. Otherwise, we are headed for a slippery slope that could lead to financial disaster—not just for the road, but for our children and grandchildren.”
While President Tinubu’s decision may be seen as harsh by some, it’s clear that this step was taken with the long-term economic stability of Nigeria in mind. His bold approach signals the necessity of prioritizing future investments over short-term comforts. The question remains, however, whether the government will successfully manage the challenges that come with such reforms and ensure that the benefits are felt by all Nigerians.
