President Bola Tinubu, today, promised to repay Nigerians for their huge sacrifice in accepting the removal of fuel subsidies with massive infrastructure development.
The President in his Democracy Day broadcast said: “I will repay you through massive investment in transportation infrastructure, education, regular power supply, healthcare and other public utilities” that will improve the quality of lives.”
The assurance follows his acknowledgment that the decision to remove the fuel subsidy “will impose extra burden on the masses of our people.
“I feel your pain. This is one decision we must bear to save our country from going under and take our resources away from the stranglehold of a few unpatriotic elements.”
Against this backdrop, he pleaded with Nigerians to endure the pain adding: “Painfully, I have asked you, my compatriots, to sacrifice a little more for the survival of our country.”
Following the removal of the subsidies and subsequent increases in the pump prices of petroleum products ranging from N500 to N100 per litre across the country, Nigerians have been plunged into excruciating hardship.
This is accompanied with high inflation with spill-over effects on the prices of goods and services, particularly of food and transportation costs amid dwindling purchasing power.
“For your trust and belief in us, I assure you that your sacrifice shall not be in vain,” Tinubu assured, adding that his administration will not take such sacrifices for granted, adding that the removal of fuel subsidy was necessary for a better country long strangulated by unnecessary expenditures.
“It is for this reason that, in my inauguration address on May 29, I gave effect to the decision taken by my predecessor-in-office to remove the fuel subsidy albatross and free up for collective use of the much-needed resources, which had hitherto been pocketed by a few rich,” he said.
I will repay you through massive investment in transportation infrastructure, education, regular power supply, healthcare and other public utilities” that will improve the quality of lives.
