On Friday, President Bola Tinubu assured Nigerians that they would receive palliatives following the removal of petrol subsidy in the country. During a conversation with Nigerians in France and neighboring European countries, he emphasized the need to save money before implementing the palliatives.
President Tinubu explained how he prevented the organized labor from carrying out their planned strike against the removal of fuel subsidy. He convinced them to consider the government’s perspective of saving money first. He even pledged to join them in protest if necessary. He questioned their motives, asking if they were benefiting from the subsidy. As a result of his intervention, the protests were halted, and no further demonstrations took place. He reiterated that although palliatives would be provided, the funds had to be saved first.
President Tinubu also shared additional details about the suspension of Godwin Emefiele as the Governor of the Central Bank of Nigeria (CBN). Speaking at the interactive session with Nigerians residing in France and neighboring European countries, he criticized the financial system under Emefiele’s leadership, stating that it allowed a few individuals to engage in illegal money-making activities. He further highlighted the challenge faced by Nigerians in the diaspora who were unable to send money home due to multiple exchange rates. However, President Tinubu assured the audience that such issues belonged to the past as the person responsible for these irregularities was now under the custody of law enforcement agencies.