President Bola Tinubu has said fuel subsidy is only beneficiary to a few Nigerian elites and not for the generality of the populace while appealing to Nigerians to be patient with his administration.
Tinubu also explained that the hardship the country is currently facing would eventually vanish and give way to a more equitable, prosperous and inclusive economy.
He gave the assurance on Thursday in the nation’s capital at an audience with the All Progressives Congress (APC) National Youth Leaders from the 36 States of the federation and Federal Capital Territory, Abuja.
“What we’re going through today is saving route for greatness tomorrow. Things that we can’t afford, we can’t engage in. We can’t afford the subsidy, it’s clear.
“It (fuel subsidy) is meant for just a few elites, is not beneficiary to the generality and greatest number of the people in this country (Nigeria),” he stated.
Nigerians have experienced more hardship since the removal of fuel subsidy by the APC-led administration in May.
Food items, goods and services, including transportation have all gone up as a result of the fuel subsidy removal.