Tinubu says govt can’t help the increase in price of petrol; gives reasons

 

“But can we help it? Can we develop good roads like you have here? You see electricity being constant in quantity and quality… And we say we want to hand over a banner without stain to our children? What is the critical part to get us there if we cannot take hard decisions to pave the way for a country that is blessed and so talented?”

*His Excellency, Asiwaju Bola Ahmed Tinubu, President, Federal Republic of Nigeria

PEGASUS REPORTERS, LAGOS | SEPTEMBER 7, 2024

President Bola Ahmed Tinubu in faraway China has reacted to the fresh increase in the price of petrol, saying that’s the only way out of the woods for the country. He was speaking on the Nigerian National Petroleum Company (NNPC)Ltd. increase in the pump prices to N855 and N897 per litre up from N617/litre on Tuesday, a few days after the national oil company admitted it was in dire financial straits.

Independent marketers have also adjusted their prices to between N930 and N1,200 per litre.

This development has forced transporters in major cities to hike fares by up to 50 per cent while commuters now trek long distances to work or have abandoned their employments.

Tinubu who was addressing members of Nigerians in Diaspora Organization in China (NIDO China) and the Nigerian community at the China World Hotel on Friday, said Nigeria is going through reforms as such there’s nothing that can be done to ameliorate the pains caused by the fuel price hike.

“Nigeria is going through reforms, and we are taking very bold and unprecedented decisions. For example, you might have been hearing from home in the last few days about fuel prices.

“But can we help it? Can we develop good roads like you have here? You see electricity being constant in quantity and quality. You see water supply, constant and running, and you see their good schools. And we say we want to hand over a banner without stain to our children?

“What is the critical part to get us there if we cannot take hard decisions to pave the way for a country that is blessed and so talented?

“So many of you are so talented, speaking very fluent Mandarin. It is what you contribute and tell them at home that will reflect in the attitude of our people. The more you want everything free, it will become more expensive and long delayed to achieve meaningful development,’’ the President said.

He added that; “We want our children to be in good schools, not tattered huts and dilapidated buildings. We must make our teaching innovative and allow businesses of all kinds and sizes to flourish.

“One economic action leads to another, and it is in your hand to build our nation. Mine is to provide the leadership, and I am committed to doing just that,” the President stated.

The President noted that while it is not always easy for a leader to have a national consensus on issues, he is ready to take the hard decisions to move the nation forward.

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