President, Bola Ahmed Tinubu has admitted that the removal of fuel subsidy will impose more hardship on Nigerians.
The President made the admission during his Democracy Day speech this morning.
He maintained that fuel subsidy had been beneficial to a few Nigerians and it was time to put an end to it.
According to him, his administration will ease the hardship by investing massively on transportation, infrastructure, education, health amongst others.
The president, also vowed to fulfil his campaign promises, and pleaded with Nigerians to sacrifice a little more as it will not be in vain.
Part of his statement reads,
“I feel your pain. This is one decision we must bear to save our country from going under and take our resources away from the stranglehold of a few unpatriotic elements,” Tinubu said in his maiden Democracy Day address to Nigerians as President.
“I admit that the decision will impose an extra burden on the masses of our people. Painfully, I have asked you, my compatriots, to sacrifice a little more for the survival of our country.
“For your trust and belief in us, I assure you that your sacrifice shall not be in vain. The government I lead will repay you through massive investment in transportation infrastructure, education, regular power supply, healthcare, and other public utilities that will improve the quality of lives.