President Bola Tiunbu has said that the removal of the oil subsidy by his administration was not to torment Nigerians but to save the country from total collapse.
The president who announced the subsidy removal on the day of his inauguration on May 29, 2023, noted that the policy had been yielding positive results for the country.
Tinubu stated this in his address at the 34th and 35th combined convocation ceremonies of the Federal University of Technology Akure Ondo State.
Represented by the Vice Chancellor of the University of Ilorin, Wahab Egbewole, the president said his administration was not unaware of the suffering of the people but expressed assurance that there would be light at the end of the tunnel.
The president admonished the graduating students to join hands together to recover “our lost glory and virtues.
He condemned the exodus of youths to overseas countries in search of greener pastures, saying such action was not the solution to the country’s problem.