Tinubu support group says Nigeria's economy is taking shape with the removal of subsidies
A group, South West Agenda for Asiwaju (SWAGA), says Nigeria's economy has started to take shape since President Bola Tinubu announced the end of the fuel subsidy scheme.
The Tinubu Support Group said so in a statement by its chairman, Adedayo Adeyeye, on Sunday.
He said that if the President had not taken the decision to remove the fuel subsidy, Nigeria's economy would have completely collapsed by now.
He said removing fuel subsidies is the best solution Nigeria needs to grow its economy.
Mr. Adeyeye, a former senator, said the fuel subsidy should have been scrapped by former presidents who ruled the country for the past 15 years.
He urged Nigerians to endure the hardships that might have resulted from the removal of fuel subsidies and believe that the Tinubu administration will bring more development to the country.
"If President Bola Tinubu did not take these steps, it could have led to a complete collapse of the Nigerian economy with attendant social, economic and political implications.
"The pains we are currently going through will soon disappear and by this time next year, by the grace of God, Nigerians will begin to see the results of the measures the President has taken.
"The president has only been in office for about 60 days. He still has more than 46 months to go in his first 48-month term, having only served two. President Bola Tinubu is making decisions that should have been made over 15 years ago.
“Nigerians should give President Tinubu some time, to allow his policies to mature and for us to start seeing the positive effects. The President said he understood the pains of Nigeria, we should just be patient, in the end, Nigerians would give glory to God, along the line,” he said.
Mr. Adeyeye said Mr. Tinubu's economic reforms may have come with hardships, but the proceeds of those hardships will be worth it in the future.
READ ALSO: President Tinubu and Building Democratic Resilience in West Africa, by Jibrin Ibrahim"The removal of oil subsidies and President Bola Tinubu's new exchange rate regime for now has resulted in inflationary pressures. This is causing hardship for the masses.
"As the saying goes, there is no gain without pain. As the president said, while trying to give birth, one has to go through labor pains, but when the child is born, safe birth will keep the mother happy.
“So his pain for a few hours would lead to eternal joy. Nigerians should see President Bola Tinubu's economic reforms in this light,” he said.
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A group, South West Agenda for Asiwaju (SWAGA), says Nigeria's economy has started to take shape since President Bola Tinubu announced the end of the fuel subsidy scheme.
The Tinubu Support Group said so in a statement by its chairman, Adedayo Adeyeye, on Sunday.
He said that if the President had not taken the decision to remove the fuel subsidy, Nigeria's economy would have completely collapsed by now.
He said removing fuel subsidies is the best solution Nigeria needs to grow its economy.
Mr. Adeyeye, a former senator, said the fuel subsidy should have been scrapped by former presidents who ruled the country for the past 15 years.
He urged Nigerians to endure the hardships that might have resulted from the removal of fuel subsidies and believe that the Tinubu administration will bring more development to the country.
"If President Bola Tinubu did not take these steps, it could have led to a complete collapse of the Nigerian economy with attendant social, economic and political implications.
"The pains we are currently going through will soon disappear and by this time next year, by the grace of God, Nigerians will begin to see the results of the measures the President has taken.
"The president has only been in office for about 60 days. He still has more than 46 months to go in his first 48-month term, having only served two. President Bola Tinubu is making decisions that should have been made over 15 years ago.
“Nigerians should give President Tinubu some time, to allow his policies to mature and for us to start seeing the positive effects. The President said he understood the pains of Nigeria, we should just be patient, in the end, Nigerians would give glory to God, along the line,” he said.
Mr. Adeyeye said Mr. Tinubu's economic reforms may have come with hardships, but the proceeds of those hardships will be worth it in the future.
READ ALSO: President Tinubu and Building Democratic Resilience in West Africa, by Jibrin Ibrahim"The removal of oil subsidies and President Bola Tinubu's new exchange rate regime for now has resulted in inflationary pressures. This is causing hardship for the masses.
"As the saying goes, there is no gain without pain. As the president said, while trying to give birth, one has to go through labor pains, but when the child is born, safe birth will keep the mother happy.
“So his pain for a few hours would lead to eternal joy. Nigerians should see President Bola Tinubu's economic reforms in this light,” he said.
Support PREMIUM TIMES integrity and credibility journalism
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