By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
NewsunplugNewsunplugNewsunplug
  • Home
  • News
  • Politics
  • Metro
  • Entertainment
  • Sports
  • Lifestyle
  • Journal
Reading: Over N1tn Saved Since Subsidy Removal – Tinubu
Share
Notification Show More
Font ResizerAa
Font ResizerAa
NewsunplugNewsunplug
  • Home
  • News
  • Politics
  • Metro
  • Entertainment
  • Sports
  • Lifestyle
  • Journal
Search
  • Home
  • News
  • Politics
  • Metro
  • Entertainment
  • Sports
  • Lifestyle
  • Journal
Have an existing account? Sign In
Follow US
Newsunplug > Blog > News > Over N1tn Saved Since Subsidy Removal – Tinubu
News

Over N1tn Saved Since Subsidy Removal – Tinubu

hammed
Last updated: August 1, 2023 2:59 pm
hammed
Published: August 1, 2023
Share
SHARE

President Bola Tinubu on Monday said the Federal Government of Nigeria has saved N1tn in the two months since the removal of the petrol subsidy.

Tinubu said these monies that would have been otherwise squandered by those he called “smugglers and fraudsters” will now be channeled into intervention programmes targeting families nationwide

“In a little over two months, we have saved over a trillion Naira that would have been squandered on the unproductive fuel subsidy which only benefitted smugglers and fraudsters,” Tinubu said in his nationwide broadcast on current economic challenges in the country.

While acknowledging the hardship occasioned by an unavoidable lag in palliative measures these past 62 days, he urged Nigerians to “look beyond the present temporary pains and aim at the larger picture.”

“I plead with you to please have faith in our ability to deliver and in our concern for your well-being.

“All of our good and helpful plans are in the works. More importantly, I know that they will work,” he affirmed.

He said the funds so far saved from subsidy removal “will now be used more directly and more beneficially for you and your families.”

President Tinubu also promised to get the nation out of this economic turbulence through the measures his administration has taken so far.

You Might Also Like

EFCC refutes claims its officers share forfeited funds
Iran claims ‘Oct 7 massacre was retaliation for US assassination of IRGC commander Qasem Soleimani
Appeals trial opens over death of Nigerian man arrested by police in Switzerland
UK Conservative Party leader, Kemi Badenoch suggests housing asylum seekers in ‘camps’ instead of hotels
Governor Sanwo-Olu pays condolence visit to Onyeka Onwenu’s family

Quick Link

  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index
TAGGED:Subsidy RemovalTinubu
Share This Article
Facebook Twitter Email Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Newborn baby with umbilical cord still attached found abandoned inside train station
  • Taraba varsity student apologises to Catholic Diocese of Jalingo over r@unchy nun outfit
  • Family horrified to discover that woman who held baby shower and gots lots of gifts has been flaunting doll as real baby and the child’s dad had no idea
  • A man will choose his joy over family – 60-year-old Nigerian woman reveals the crazy things she accepted about men and relationships after her divorce
  • BREAKING NEWS: Virgil van Dijk Admits One Manchester United Star “Nearly Gave Him a Heart Attack” After Anfield Thriller.

Recent Comments

No comments to show.

Categories

  • ES Money
  • U.K News
  • The Escapist
  • Insider
  • Science
  • Technology
  • LifeStyle
  • Marketing

About US

We influence 20 million users and is the number one business and technology news network on the planet.
Quick Link
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index
Top Categories
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]

Top Categories

  • Entertainment

Categories

  • ES Money
  • U.K News
  • The Escapist
  • Insider
  • Science
  • Technology
  • LifeStyle
  • Marketing

About US

We influence 20 million users and is the number one business and technology news network on the planet.
Quick Link
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index
Top Categories
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]
© 2023 Newsunplug | All Rights Reserved.
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?