President Bola Tinubu, on Monday, 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 taxations.
“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.
Click to signup for FREE news updates, latest information and hottest gists everyday
Advertise on NigerianEye.com to reach thousands of our daily users
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com