Subsidy is gone, says Tinubu

Punch Newspapers reports that on Monday in Abuja, President Bola Tinubu declared that his administration would end the subsidy on petroleum products. Continue Reading>>>

 

Soon after being sworn in as the 16th President of Nigeria, Tinubu declared at his inaugural speech in Eagle Square, Abuja, that “subsidy is gone.”

 

 

According to the president, subsidies were not included in the national budget as of June 2023, so they were eliminated. Continue Reading>>>

 

During his speech at his inauguration on Monday in Abuja, Tinubu said that his administration’s minimum GDP growth target is 6% each year.

 

Additionally, he pledged to govern the nation with “compassion and amity toward all.”

 

“In terms of the economy, we’ll aim for GDP growth of no less than 6%. Budgetary reforms will be used to accomplish this. In his inaugural speech at Eagle Square, Abuja, Tinubu promised to make maximum use of home production while reducing importation.

 

 

He committed to evaluate any concerns about numerous taxes in order to increase foreign direct investment.

 

“Our administration will examine all concerns about various taxes, as promised to our foreign investors. All firms would be permitted to bring their hard-earned profits home, added Tinubu.

 

The former Lagos governor and vice president Kashim Shettima had taken the oath of office as Nigeria’s 16th president almost an hour earlier.

 

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