I don’t regret removing fuel subsidy – Tinubu

President Bola Tinubu has said that he does not regret putting a stop to the payment of fuel subsidy.

Tinubu stated this on Monday night during the first presidential chat with the media since he assumed office.

“I don’t regret removing the fuel subsidy at all. That was the only option we had to stop the smugglers from continuing their illegal trade,” he said.

“Nigeria had become Father Christmas to some other West African countries due to the payment of fuel subsidy.

“We had to put a stop to it so that we can safeguard the future of our children and the unborn generations. I don’t regret removing the fuel subsidy at all.”

The president, during his inauguration on May 29, 2023, had said that the era of fuel subsidy was gone.

The price of a litre of fuel thereafter increased from N200 to N600 before it rose to N1,200 earlier this year.

The increase in the price of a litre of fuel has caused the prices of food items to soar to an unbearable level for common Nigerians, who have been barely managing to feed.