President Bola Tinubu has said the country has saved over N1trn from petrol subsidy in two months.
He said this during a nationwide address on Monday evening, where he spoke about the economy and the impact of subsidy removal.
Tinubu assured that the money would be used directly and more beneficially for Nigerians.
His words:
“In a little over two months, we have saved over a trillion Naira that would have been squandered on the unproductive fuel subsidy, which only benefitted smugglers and fraudsters.
“That money will now be used more directly and more beneficially for you and your families,” the former Lagos State governor said.
“For example, we shall fulfil our promise to make education more affordable to all and provide loans to higher education students who may need them. No Nigerian student will have to abandon his or her education because of lack of money”.
He further pledged the commitment of his administration to promote his goodwill for the benefit of Nigerians.
