Tinubu’s administration began on a rather shaky and unpopular note on Monday after he declared that fuel subsidy would be removed by his administration.
The newly inaugurated Nigerian President, Bola Tinubu has resumed his official duties at the Presidential Villa on Tuesday, to commence his four years term in office as the Commander-In-Chief.
Tinubu’s convoy arrived at the State House at precisely 2:35pm on Tuesday.
When President Tinubu arrived at the VIlla, he momentarily paused at the gate to observe a guard of honour, adding a touch of formality to the significant occasion.
Vice President Kashim Shettima, Central Bank of Nigeria (CBN) Governor Godwin Emefiele, Group Chief Executive Officer (GCEO) of NNPC Limited, Mele Kyari, and Dele Alake and James Faleke were among those there to greet the president, Leadership reports.
But Tinubu’s administration began on a rather shaky and unpopular note on Monday after he declared that fuel subsidy would be removed by his administration.
SaharaReporters had reported that some civil society organisations called on Nigerians to reject the fuel subsidy removal by the new administration of Tinubu, as angry reactions continued to trail his declaration on Monday.
Describing such pronouncement as an anti-poor and neo-liberal policy, they had regretted that President Tinubu was not as vehement and declarative with plans to curb corruption and reduce waste associated with flamboyant cost on governance.
SaharaReporters reported on Monday that shortly after President Tinubu announced the total removal of subsidy on petrol otherwise known as fuel, queues returned in major petrol stations across the country especially in Lagos and Abuja.
Tinubu had in his inaugural speech, stated that “petroleum subsidy is gone”.
Following the pronouncement there was a sharp hike in pump price, triggering commercial transporters to equally hike their trip fares across the country in response to the development.
It had been reported that in Enugu, Lagos, Abuja and many other cities, many filing stations have closed down while few dispensing the product have adjusted their meters from previous N220 to N300 and above per litre. In some hinterlands, pump prices were also adjusted from N280 previously sold to now N360 and above per litre.