Advertisement
2023 GOVERNORSHIP AND
STATE HOUSE OF ASSEMBLY ELECTIONS
- days
- Hours
- Minutes
- Seconds
Advertisement
President Bola Tinubu deliver his inaugural speech on May 29, 2023 at the Eagle Square in Abuja
Nigeria’s new President, Bola Tinubu says the era of subsidy payment on fuel has ended.
He said the 2023 Budget made no provision for fuel subsidy and more so, subsidy payment is no longer justifiable.
“The fuel subsidy is gone,” Tinubu declared in his inaugural speech at the Eagle Square on Monday after he was sworn in as Nigeria’s 16th President.
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.
Advertisement
He also promised to remodel the economy to bring about growth as well as develop the Gross Domestic Product through job creation.
The President said the interest rate is currently too high and will be reviewed.
He 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, better training and provide better equipment for security personnel.
The new President said he will end extreme poverty, make food more abundant, ensure inclusion for women and youths and discourage corruption.
Channels TV
Disclaimer
Contents provided and/or opinions expressed here do not reflect the opinions of The Pacesetter Frontier Magazine or any employee thereof.
Support The Pacesetter Frontier Magazine
It takes a lot to get credible, true and reliable stories.
As a privately owned media outfit, we believe in setting the pace and leaving strides in time.
If you like what we do, you can donate a token to us here. Your support will ensure that the right news is put out there at all times, reaching an unlimited number of persons at no cost to them.
Related posts
AMAA founder, Peace Anyiam-Osigwe dead
Abba kyari refuses to answer query.
Stay connected
Recent News
Cheers as Gov. Mbah joins 2024 Coal City Marathon, promises world-class marathon
Advertisement …Says it’s opportunity for talent discovery, sports, fitness …Participants win big Advertisement Governor of Enugu State, Dr. Peter Mbah,…
Akwa Ibom Governor, Eno Receives Ibiono Ibom House Member Back To PDP
Advertisement …our governor’s exemplary leadership inspired my return – Hon. Essien Akwa Ibom State Governor, Pastor Umo Eno, has described…