the 700 Km Lagos – Calabar Coastal Road, the 1000 Km Badagry – Sokoto Road, the 3500 Units Renewed Hope Housing Cities and Estates now being built in 13 states of the country, for starters.
“In the next few days, the Students Loan Fund will become operational, and Nigerian youth will now have easier access to higher education by applying for funds from the scheme.
“On power, I have observed the increased transmission capacity of the country that now peaks at 14000 megawatts.”
The President did not create any of the problems people are talking about whether in the economy or in the other sectors. Infact what he met on ground would have created a worse situation if not properly handled but he is championing reforms that are required to pave the way for a better society.
We all recall how on assuming office, President Tinubu announced the removal of fuel subsidy but again for the avoidance of doubt, he did not remove subsidy on PMS. It was not in the later part of the 2023 budget but surprisingly the Tinubu administration has had to bear the brunt of subsidy removal.
Let me quickly add that my opposition to fuel subsidy has been well documented since the Goodluck Jonathan years when as chairman of a subcommittee on the economic meltdown, we recommended its removal after a discovery of the scam being perpetrated in the name of fuel subsidy.
A recent study also showed that in spite of the COVID-19 lockdown of 2020, Nigeria still paid billions of naira for fuel subsidies even though in reality, domestic fuel consumption was very low.
The conference was to access the scorecard of the present administration on economy and energy.