Skip to content
Abuja Affairs

Abuja Affairs

Precise, Concise, and Factual Political Updates from Abuja

Primary Menu
  • Home
  • Politics
  • Sports
  • Business
  • Entertainment
  • Education
  • Home
  • Subsidy is gone – Tinubu declares
  • Business
  • Politics

Subsidy is gone – Tinubu declares

reviewmayor May 30, 2024
Bola-Tinubu--640x358

President Bola Tinubu, on Monday (May 29, 2023), in Abuja, announced that his administration will remove the subsidy on Petroleum products.

“Subsidy is gone” Tinubu exclaimed during his inaugural address at Eagle Square, Abuja, shortly after he was sworn in as the 16th President of Nigeria.

The president said there was no provision for subsidy in the national budget from June 2023 and, therefore, it stands removed.

Speaking at his inauguration, Tinubu, on Monday, in Abuja, he revealed that his administration targets minimum GDP growth of six per cent annually.

He also promised to will lead the country with “compassion and amity towards all.”

“In economy, we’ll target not less than 6 per cent growth in GDP growth. We’ll do this through budgetary reforms. We’ll use a full range of domestic manufacturing and lessen importation,” Tinubu said in his inaugural address at Eagle Square, Abuja.

He promised to boost foreign direct investment by reviewing all complaints about multiple taxation.

“To our foreign investors, our government will review all complaints about multiple taxations. All businesses will be allowed to repatriate hard-earned profits back home,” Tinubu added.

About an hour earlier, the former Lagos Governor had taken the oath of office as the 16th President of Nigeria alongside Vice President Kashim Shettima.

Share and Enjoy !

Continue Reading

Previous: Policeman kills 40-year-old in Bayelsa
Next: W’Cup qualifiers: Olawoyin replaces Tella in Super Eagles’ squad

Related Stories

InShot_20241114_205217900
  • Politics

BREAKING: President Tinubu Appoints Daniel Bwala as Special Adviser on Media and Public Communications

Theophilus Noah Baba November 14, 2024
HOUSE-OF-REPS-MEMBERS-e1716461432431
  • Politics

House of Reps Calls on Federal Government to Reverse Petrol and Cooking Gas Price Hike

Theophilus Noah Baba October 16, 2024
Governor-of-Niger-State-Umar-Bago
  • Politics

Niger State Govt Uncovers Forged Appointment Letters, Initiates Screening for Political Appointees

Theophilus Noah Baba October 15, 2024
THEOPHILUS NOAH BABA (TNB)

Social media influencer, Blogger,
An advocate of good governance & Attituditional change holds a Masters degree in Information Technology


FOLLOW ABUJA POLITICS

  • Facebook
  • X
  • Instagram
  • WhatsApp

You may have missed

IMG_20250528_173030
  • News Update

President Tinubu Appoints Hon. Bawa Bwari to Governing Board of Nigeria Arabic Language Village, Alongside 35 Others for Federal Institutions

Theophilus Noah Baba May 28, 2025
IMG-20250528-WA0033
  • News Update

“Hon. Dara Bwari Launches Chairmanship Ambition, Picks Labour Party Nomination Form”

Theophilus Noah Baba May 28, 2025
IMG-20250527-WA0037
  • News Update

Danjuma Ushafa Picks LP Nomination form for Bwari Chairmanship

Theophilus Noah Baba May 27, 2025
FB_IMG_1747827575029
  • News Update

FCT Natives Barricade National Assembly Over Exclusion from North Central Development Commission Appointments

Theophilus Noah Baba May 21, 2025

FOLLOW ABUJA POLITICS

  • Facebook
  • X
  • Instagram
  • Home
  • Politics
  • Sports
  • Business
  • Entertainment
  • Education
Copyright © All rights reserved. | MoreNews by AF themes.

Share

Blogger
Bluesky
Delicious
Digg
Email
Facebook
Facebook messenger
Flipboard
Google
Hacker News
Line
LinkedIn
Mastodon
Mix
Odnoklassniki
PDF
Pinterest
Pocket
Print
Reddit
Renren
Short link
SMS
Skype
Telegram
Tumblr
Twitter
VKontakte
wechat
Weibo
WhatsApp
X
Xing
Yahoo! Mail

Copy short link

Copy link