ABUJA — President Bola Ahmed Tinubu has firmly ruled out any possibility of reinstating the petrol subsidy regime, declaring that he has no regrets over removing the subsidy on his first day in office.
Drawing an analogy from sacred scripture, President Tinubu emphasized that reversing the policy would derail the country’s long-term economic recovery, stating that asking his administration to restore the subsidy is equivalent to asking Moses to lead the Israelites back into Egypt.
President Tinubu made the declaration at the State House Banquet Hall in Abuja during a political mobilization event tagged “Together till 2027: An Evening with Original City Boy.”The gathering was organized by the City Boy Movement in collaboration with the Relax-Tinubu-Is-Fixing-Nigeria group to rally grassroots youth support and launch political mobilization strategies ahead of the 2027 general elections.
President Tinubu insisted that the subsidy removal was a necessary intervention to save the nation from imminent bankruptcy, noting that government funds were previously being consumed by an unsustainable fiscal burden.
“I came and I removed subsidy the first day. I knew Nigeria would go bankrupt. There was nothing left to pay subsidy,” President Tinubu stated. “I could listen to my political opponents promising a return to subsidy. I remember my scripture studies, both in the Bible and in the Holy Quran. When Moses and Musa left Egypt, they faced a challenge, and the Red Sea parted and gave way. You cannot ask Moses to go back to Egypt.”
Reaffirming his commitment to structural economic reforms, the President urged citizens and political movements to support the long-term vision of his administration rather than embracing temporary populist measures.
He urged supporters to mobilize grassroot voters ahead of the 2027 general elections, encouraging young Nigerians to register, acquire their Permanent Voter Cards (PVCs), and support policies aimed at lasting economic stabilization.
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