Nigeria Tinubu Boasts Fuel Subsidy Removal Has Tripled State Allocations

President Bola Tinubu defends fuel subsidy removal, stating that state allocations have tripled, enabling development projects. Speaking at an APC meeting, he dismissed opposition criticism, insisting reforms were necessary for economic stability. While some praise the move, others argue inflation negates the benefits, fueling ongoing national debate.

President Bola Tinubu has reaffirmed his administration’s commitment to economic reforms, emphasizing that the removal of fuel subsidies has significantly increased state allocations, allowing for more development projects.

Speaking at the All Progressives Congress (APC) National Caucus meeting in Abuja, Tinubu dismissed criticisms from opposition figures, asserting that his government remains focused on delivering results. He acknowledged the economic hardships caused by subsidy removal but maintained that the policy was essential to Nigeria’s long-term stability.

“It is a daunting challenge, but I can beat my chest and say that each governor here knows their allocations have tripled,” Tinubu stated. “We now have enough funding for local governments.”

The President’s remarks have sparked mixed reactions. While some governors and financial analysts back the claim, others argue that the additional funds have not yet translated into visible improvements for Nigerians. Critics contend that inflation and the rising cost of living overshadow any financial gains at the state level.

Opposition parties and civil society groups have also weighed in, accusing the administration of downplaying the hardships facing ordinary citizens. Many argue that increased allocations do not automatically lead to effective governance without strict accountability measures in place.

As the debate continues, Nigerians are watching closely to see whether the promised benefits of subsidy removal will materialize into tangible improvements in infrastructure, public services, and economic relief.