TINUBU DEFENDS REFORMS, ADMITS COST OF LIVING CRISIS
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By: Fasasi Hammad
President Bola Tinubu has admitted that rising fuel prices are putting pressure on Nigerians but urged citizens to remain optimistic, saying the country is still in a relatively better position than some others.
He made the remarks on Friday during a visit to Bayelsa State, where he commissioned several projects.
Speaking on the economic challenges, Tinubu said he understands the strain, noting that while fuel costs are taking a toll, Nigerians should remain grateful and hopeful.
He compared Nigeria’s situation with that of other African nations, stressing that the current difficulties are not unique to the country.
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“We will not go backwards. We will keep working to ease the suffering of the vulnerable. This is a government that cares,” he said.
The President added that the government is exploring ways to reduce the burden on citizens, attributing the current hardship partly to global economic pressures.
He explained that external factors, including international conflicts and the interconnected nature of the global economy, have contributed to the situation.
Since taking office in May 2023, Tinubu has introduced major economic reforms such as removing fuel subsidies and allowing the naira to float.
Although these measures are aimed at long-term stability, they have led to rising inflation and a higher cost of living for many Nigerians.
Recent geopolitical tensions in the Middle East have further affected global energy markets, worsening the situation, with petrol prices in Nigeria now exceeding ₦1,200 per litre.
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