…Says few powerful elite are enjoying subsidy
President Bola Tinubus has dis loses that the country has been able to save over a trillion naira within the first two months of the removal of subsidy..
He explained that the removal of fuel subsidy is in the larger interest of Nigeria to save the poor from the few who has been milking it dry.
He said further in a nationwide broadcast Monday that the economic steps which included scrapping of the double exchange rate are all designed to refocus and rebuild the economy.
Below are the highlights of the broadcast
Full text of Tinubu’s address: After darkness comes the glorious dawn
…N100bn credit for 75 manufacturing concerns at 9%interest rate
..N50,000 to Nano businesses in all the 774 local govts in the country
…To invest N100billion between August and March 2024 to acquire 3000 units of 20 seater CNG fuelled buses.
…buses to be shared to major transport companies at 9% interest rates with 60 months repayment period.
…New Minimum wage on the way
