President Bola Tinubu has noted that he has no regret whatsoever for removing fuel subsidy.
The president who made this bold declaration this during his first presidential media chat on Monday noted that the country cannot continue to spend the investments of the future generation.
“We cannot spend our future generation investments upfront. We were spending the fortune of our future generations, we were not investing,” the President said.
“We were just deceiving ourselves. That reform was necessary. Why should you have expenditures that we don’t have revenue for?”
The President said “We should teach management in all our programmes, we have to manage our resources.
“There is no way you give out fuel and allow all the entire neighbouring countries as Father Christmas. I don’t have regret whatsoever removing the subsidy. It is necessary.”