FLASHBACK: Subsidy is gone – Tinubu declares

…targets 6 % annual GDP progress

President Bola Tinubu, on Monday, in Abuja, introduced that his administration will take away the subsidy on Petroleum merchandise.

“Subsidy is gone” Tinubu exclaimed throughout his inaugural deal with at Eagle Square, Abuja, shortly after he was sworn in because the sixteenth President of Nigeria.

The president mentioned there was no provision for subsidy within the nationwide funds from June 2023 and, subsequently, it stands eliminated.

Speaking at his inauguration, Tinubu, on Monday, in Abuja, he revealed that his administration targets minimal GDP progress of six per cent yearly.

He additionally promised to will lead the nation with “compassion and amity towards all.”

“In economy, we’ll target not less than 6 per cent growth in GDP growth. We’ll do this through budgetary reforms. We’ll use a full range of domestic manufacturing and lessen importation,” Tinubu mentioned in his inaugural deal with at Eagle Square, Abuja.

He promised to spice up overseas direct funding by reviewing all complaints about a number of taxations.

“To our foreign investors, our government will review all complaints about multiple taxations. All businesses will be allowed to repatriate hard-earned profits back home,” Tinubu added.

About an hour earlier, the previous Lagos Governor had taken the oath of workplace because the sixteenth President of Nigeria alongside Vice President Kashim Shettima.

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