Tinubu Speaks On Opposition To Economic Reforms

Tinubu Speaks On Opposition To Economic Reforms

President Bola Tinubu has said that powerful groups benefiting from exchange rate practices and fuel subsidy systems are unhappy with his reforms and may even wish him dead.

He made the comment while reflecting on policies introduced after he assumed office in 2023.

The president explained that his administration’s removal of fuel subsidy and changes in the foreign exchange system have disrupted long-standing economic interests.

He said these reforms were necessary but have faced strong resistance from those who previously gained from the old system.

Tinubu noted that the policies were designed to stabilise the economy and improve long-term growth, even though they have caused short-term hardship.

He maintained that his government remains committed to continuing the reforms despite opposition.

His remarks come amid ongoing national debates over rising living costs and economic pressure on households.

The statement has added fresh attention to the impact of recent government policies on different sectors of the economy.