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From day one, he sought to fulfil his promise, beginning with his earthshaking ‘subsidy is gone’ announcement at the Eagle Square, on the day he was sworn in. The announcement reverberated round the country and beyond. He was not just actualising a promise he made, he was also effecting the consensus of all the major candidates in the 2023 election that the several decades old, wasteful subsidy must end.
The administration responded on many fronts with a raft of ameliorative policies, called palliatives. Last December, it offered subsidised bus transportation and free train services to Nigerians going home for Christmas and New Year. The subsidy was also offered for the return journeys. Over 200,000 Nigerians benefited from the bus service.PREMIUM TIMES delivers fact-based journalism for Nigerians, by Nigerians — and our community of supporters, the readers who donate, make our work possible.
The Tinubu government also released $617 million for up-skilling Nigerian youths, providing startup funding, catalytic infrastructure, and policy advocacy. Youths with digital skills are now registering to benefit from the fund, being administered by the Bank of Industry. To President Tinubu, no Nigerian child should be denied education because the parents could not afford it. He also hopes that the Credit Corp will enhance the purchasing power of workers and boost national commerce.