Removal Of Fuel Subsidy Will Pave way for Investments – Tinubu

President Bola Tinubu has offered assurance to Nigerians that the removal of fuel subsidy will open the door to investments in alternative energy sources, infrastructure, and public services. Tinubu emphasized that these investments are vital for a stronger and more prosperous Nigeria. He conveyed this message during his address at the grand finale of the combined convocation of the University of Ilorin’s 37th and 38th academic sessions on Monday.

Represented by the Minister of State for Education, Dr. Yusuf Tanko Sununu, President Tinubu acknowledged that the removal of oil subsidy has brought about pains and inconveniences for Nigerians. However, he urged the public to look beyond the immediate challenges and consider the potential long-term benefits of this policy change.

While acknowledging the short-term economic difficulties, President Tinubu’s message underscores the government’s commitment to making strategic investments for the country’s future growth and sustainability.

“While the short-term gains are expected with attendant pains, please look forward to the potential long-term benefits.

“The removal of subsidies can pave way for investments in alternative energy sources, infrastructure, and public services that will contribute to a stronger and prosperous Nigeria.

“During this transition, let us remain united as a nation, supporting one another and working collectively towards finding solutions.

“It’s a challenging journey but by embracing innovation, conserving energy, we can navigate through these difficulties and emerge stronger as a nation.

”Remember, change often comes with its share of hardships, but it is through resilience and cooperation that we can shape a better future for ourselves and generations to come,” Tinubu said.