Vice President Kashim Shettima praised President Bola Tinubu’s bold decision to remove fuel subsidies, describing it as a courageous move resisted by powerful oil interests. According to Shettima, the oil cabal fought back after the subsidy removal, but Tinubu stood firm, acting in the best interest of Nigerians. This move, though contentious, is seen as a significant step toward economic reform and reducing the financial burden on the government.
Shettima highlighted Tinubu’s background in commerce and finance, saying the President “speaks the language of business” and understands how businesses operate. This, he believes, has enabled Tinubu to make informed decisions that promote economic growth and development. The Vice President emphasized that the current administration is committed to creating a more enabling environment for serious investments to thrive.
The removal of fuel subsidies is part of a broader set of economic reforms aimed at stabilizing the economy and attracting foreign investment. Other key policies include the realignment of multiple exchange rate systems and comprehensive tax reforms. These reforms, though challenging, are viewed as necessary steps toward long-term economic sustainability and growth.
Shettima assured business leaders that the government is working to deepen collaboration with the private sector, stating, “Nigeria is ready for business, and you are the drivers of change.” This sentiment was echoed during a meeting with executives of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) at the Presidential Villa in Abuja.The Vice President’s remarks underscore the administration’s commitment to economic reform and its determination to work with the private sector to drive growth and development. By standing firm against powerful interests and pursuing necessary reforms, the Tinubu administration aims to build a more resilient and prosperous economy for Nigerians .
