Presidential candidate of the All Progressives Congress, APC, Senator Bola Ahmed Tinubu has said he would remove the subsidy on fuel if he becomes the president of Nigeria.
Tinubu, who stated this at Victoria Island, Lagos on Thursday while addressing business owners, promised the entrepreneurs that he would turn Nigeria’s present challenges into opportunities for growth and development.
“How can we be subsidising fuel consumption of Cameroon, of Niger, of Benin Republic. No matter how long you protest, we are going to remove subsidy,” he said.
He promised to work towards creating a better security in the country to allow them an enabling environment to do their businesses.
The APC candidate said since it is the responsibility of government to secure lives and property of citizens, if elected, his administration would make that its priority, the same way he did when he was Lagos State governor.
“As we fight insecurity, we must deal with our economy at the same time. We know that business and insecurity cannot thrive side by side.”, he stated.
He also said his government would give room to allow the private sector to thrive by not interfering, while opening rooms for collaborations.
“Thus, where the private sector is doing well, my government will not interfere. Our guiding principle regarding economic policy shall be to provide the right policy framework so that business can flourish.
“But I want to do more than help existing businesses to exist. We must create the space where new sectors and lines of business can open. We must grow this economy so that it can accommodate over 200 million people with a decent standard of living.
“My government will collaborate with the private sector to bring about massive infrastructural renewal that enhance economic opportunities, lower business cost and overheads while producing jobs that spur further growth and development through increased consumer demand. This is the virtuous economic cycle we seek to create,” he added.