President Bola Tinubu has forcefully rejected calls for a return to Nigeria’s fuel subsidy regime, likening any reversal of the policy to asking Moses to lead the Israelites back into Egyptian captivity.
Addressing members of the City Boy Movement on Monday, the President declared that the economically draining subsidy will remain a relic of the past, insisting that the country’s financial survival depends on it.
Tinubu made it clear that his administration would not backtrack on the landmark decision, emphasizing that continuing the payments would have pushed Nigeria over the edge.
“With your ideas, I came and I removed subsidy the first day. No, Nigeria will go bankrupt. You have nothing left to pay subsidy,” the…