President Bola Tinubu on Thursday defended his administration’s reforms, saying there is no going back.
President Tinubu on his inauguration declared an end to the fuel subsidy regime and later floated the naira alongside a slew of reforms.
The moves have triggered a hike in the cost of living in Nigeria as the country’s currency lost its value.
Despite the criticisms and protests that have greeted reforms by the Tinubu’s government, the president is not backing down.
After coming to office last year Tinubu ended a fuel subsidy and currency controls, leading to a tripling of petrol prices and a spike in living costs as the naira has slid against the dollar.
President Tinubu has repeatedly called for patience to allow his reforms to take effect, saying they will help attract foreign investment, but the measures have hit Nigerians hard.
More Posts for Show: Jubilee Breakfast