President Bola Ahmed Tinubu has reiterated his commitment to removing petrol subsidy, saying he will channel the funds better investment in public infrastructure, education, health care.
Tinubu said this in his inaugural speech shortly after he was sworn-in as the 16th Nigeria’s head of government at the Eagle Square, Federal Capital Territory, Abuja on Monday.
He said, “We commend the decision of the outgoing administration in phasing out the petrol subsidy regime which has increasingly favoured the rich more than the poor. Subsidy can no longer justify its ever-increasing costs in the wake of drying resources. We shall instead re-channel the funds into better investment in public infrastructure, education, health care and jobs that will materially improve the lives of millions”
The president also said that security would take priority in his government so as to effectively tackle the menace.
“We shall reform both our security DOCTRINE and its ARCHITECTURE Security shall be the top priority of our administration because neither prosperity nor justice can prevail amidst insecurity and violence.
To effectively tackle this menace, we shall reform both our security DOCTRINE and its ARCHITECTURE.
We shall invest more in our security personnel, and this means more than an increase in number. We shall provide, better training, equipment, pay and firepower.”