By Abimbola Ogunnaike
President Bola Tinubu has disclosed that the country has saved over N1 trillion from petrol subsidy in two months.
Tinubu made this disclosure on Monday, 31 July, 2023 during a nationwide address on where he spoke about the economy and the impact of subsidy removal.
“In a little over two months, we have saved over a trillion Naira that would have been squandered on the unproductive fuel subsidy which only benefitted smugglers and fraudsters.
“That money will now be used more directly and more beneficially for you and your families,” the former Lagos State Governor said.
“For example, we shall fulfill our promise to make education more affordable to all and provide loans to higher education students who may need them. No Nigerian student will have to abandon his or her education because of lack of money,” Tinubu added.
“Our commitment is to promote the greatest good for the greatest number of our people. On this principle, we shall never falter.”