Subsidy: We can’t Continue to Play Poker with Economy, Says Tinubu

President Bola Ahmed Tinubu has once again defended some of his economic choices, saying fuel subsidy removal is a policy that will serve the long term interest of the country’s economy.

Explaining the decisions he has taken so far to reform the country’s economy at the All Progressives Congress (APC) national caucus meeting on Wednesday night, the President reiterated that Nigeria cannot continue to sustain the treasury-depleting fuel subsidy and losses incurred by the past foreign exchange management regime.

“We can’t continue to play poker with our economy. That is why I took the decisions I have taken so far,” he said.

In his welcome address, Acting APC National Chairman, Senator Abubakar Kyari commended President Tinubu for the steps he has taken so far to reposition the economy for greater productivity and future prosperity.

President Tinubu has called on the leadership of the All Progressives Congress (APC) to embrace accountability in all forms especially with respect to financial discipline in the running of party affairs.

The President also advised the APC leaders on the active promotion of women and youth participation in the day-to-day operations of the party.

The President noted that the future of the party belongs to Nigeria’s young people and women, considering their proven dedication and demonstrable prowess in election matters.

“As a party, we must handle our finances very well. I hope the financial audit recommended by the National Working Committee (NWC) will help us strengthen our finances better. I thank our governors who contribute generously to the wallet of the party. These times are tough. We are challenged. Please continue to support the party.

“Our party also needs to be more gender friendly, and we need more participation from the youths because they own our tomorrow. Let’s get more youths and women involved. They are very dedicated election masters,” President Tinubu implored.

The party leaders in attendance include the Vice President, Senator Kashim Shettima, former National Chairmen, Chief Bisi Akande, Chief John Oyegun, as well as serving governors, former governors and National Assembly members.