By Adetokunbo FAKEYE
Nigeria – President Bola Tinubu on Monday, 23rd December, 2024 said, he didn’t regrets removing petrol subsidy in May 2023, insisting that Nigeria cannot continue to be Father Christmas to neighbouring countries.
Tinubu, who stated this, while answering reporters during his maiden media chat said, “I don’t have any regrets whatsoever in removing petrol subsidy. We are spending our future, we were just deceiving ourselves, that reform was necessary”.
According to President Tinubu, petrol subsidy removal some 18 months ago have increased competition within the sector and that the pump price of petrol has gradually crashed. “The market is being saturated. No monopoly, no oligopoly, a free market economy flowing”, he said.
President Tinubu added that he does not believe in price control and he won’t go that path. “I don’t believe in price control, we will work hard to supply the market”, he stated.
Answering question on Tax Reform Bills, President Tinubu insisted that there is no going back saying that the economy cannot be revived with the “old broken book”.
“Tax reform is here to stay; we cannot just continue to do what we were doing years to years in today’s economy. We cannot retool this economy with the old broken books, and I believe I have that capacity that is why I went into the race”, he insisted.