By Charles Adingupu
Making good his promise to hit the ground running, Nigeria’s new President, Bola Ahmed Tinubu says the era of subsidy payment on fuel has ended.
He noted that the 2023 Budget made no provisions for fuel subsidy and more so, subsidy payment is no longer justifiable.
Tinubu said his government shall instead channel funds into infrastructure and other areas to strengthen the economy, adding that a “unified exchange rate” is guaranteed under his administration.
He also promised to remodel the economy to bring about growth as well as develop the Gross Domestic Product through job creation.
Unveiling his economic policies, the new President said the interest rate is currently too high and will be reviewed. He also assured investors that multiple taxation will be reviewed to attract fresh foreign direct and local investments, even as he promised one million jobs in the digital economy.
Furthermore, the former Lagos State governor vowed to rid Nigeria of terrorism and criminality.
“Security shall be top of our administration,” he said, adding that he will reform security architecture, invest more in security personnel, and ensure they get better training and better equipment.
The new President said he will end extreme poverty, make food more abundant, ensure inclusion of women and youths and discourage corruption
