By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: Petrol Subsidy: Nigeria Can No Longer Play Father Christmas to Neighbors – Tinubu
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

Petrol Subsidy: Nigeria Can No Longer Play Father Christmas to Neighbors – Tinubu

Muhammad A. Aliyu
By Muhammad A. Aliyu
Published: June 9, 2023
Share
3 Min Read
SHARE

President Bola Tinubu strongly asserted that Nigeria can no longer act as a benevolent figure to neighboring countries, likening the nation’s generosity to playing the role of “Father Christmas.”

Speaking at a meeting with the National Council of Traditional Rulers of Nigeria (NCTRN) in Aso Rock on Friday, Tinubu defended the government’s decision to eliminate the subsidy on premium motor spirit (PMS), widely known as petrol.

In his address, President Tinubu emphasized that the removal of the petrol subsidy was a necessary step, as it had the potential to cripple the country’s economy and hinder salary payments.

He highlighted that Nigeria should not bear the burden of providing subsidized petrol to neighboring nations, urging a change in this longstanding practice.

- Advertisement -

Appreciative of the attention paid to his actions, President Tinubu acknowledged the traditional rulers’ vigilance, stating, “I am grateful that you are paying attention to what I have been doing.”

Abiodun Oladunjoye, the villa’s director of information, quoted the President as saying, “Why should we in good heart and sense, feed smugglers and be Father Christmas to neighboring countries, even though they say not everyday is Christmas? The subsidy was the elephant that could have brought Nigeria to its knees. A country that cannot pay salaries and yet claims to have the potential to encourage itself. I believe we made the right decision.”

Despite his resolute stance, President Tinubu emphasized that his administration remains open to receiving counsel from the traditional rulers.

He promised to maintain an open-door policy, encouraging them to voice any concerns and ideas for the country’s progress.

- Advertisement -

While acknowledging that perfection may not be achievable, he emphasized the government’s commitment to achieving a success rate of 90 percent in its endeavors for Nigeria.

In response to President Tinubu’s assertions, the Sultan of Sokoto, Muhammad Saad Abubakar, expressed unwavering support on behalf of the traditional rulers.

He reassured the President, stating, “We are 100 percent in support of your government and firmly believe that, with the will of the Almighty Allah, you will lead this country forward.”

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:tinubu
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByMuhammad A. Aliyu
Follow:
Muhammad Ameer Aliyu, is a prolific journalist who joined Okay Nigeria in 2015 with the aim staying committed to bringing more positive growth to the digital news platform. He is the Senior Editor at Okay Nigeria.
Previous Article NGX to Host Webinar on African Exchanges Linkage Project, Facilitating Trades Across Borders
Next Article Abdullahi Ganduje Demolition: I Could Have Slapped Kwankwaso at Aso Rock — Ganduje

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Rate

Okay.ng Logo
Buy Rate ₦1,560.00
Sell Rate ₦1,570.00

Updated: 3 days ago

Displayed rates are for informational purposes only and are subject to change.

Quick Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Dangote Refinery
Dangote Refinery Cuts Petrol Price from N880 to N840 Per Litre
Energy & Oil News Top stories
Police Blockade of PDP Secretariat Triggers Political Turmoil and Heated Reactions
Politics
APC Welcomes Kwankwaso Back to Collaborate with President Tinubu
Politics
Olubunmi Tunji-Ojo
FG Hails Success of E-Visa System, Processes Over 14,000 Applications in Six Weeks
News
Google Releases June 2025 Core Update
Tech
- Advertisement -
Ad imageAd image

You May Also Like

NELFUND
Education

NELFund Warns Students Against Fake Loan Portal, Urges Caution Over Fraudulent Links

Yusuf Abubakar
Yusuf Abubakar
June 30, 2025
International

Tinubu and Saint Lucia’s Prime Minister Agree to Establish Formal Diplomatic Relations

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 30, 2025
Ali Bukar Dalori
Politics

Ali Bukar Dalori Assumes Role as APC Acting National Chairman After Ganduje’s Resignation

Muhammad A. Aliyu
Muhammad A. Aliyu
June 30, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?