BY FRONTLINE REPORTERS
President Bola Tinubu has acknowledged the growing hardship caused by rising fuel prices, urging Nigerians to remain hopeful while noting that the country is still better positioned than some others.
The President made the remarks on Friday during a visit to Bayelsa State, where he inaugurated several projects.
Addressing concerns over the worsening economic situation, Tinubu admitted that the rising cost of petrol was taking a toll on citizens.
“I hear you from various angles of the economy. The fuel price is biting hard, but look around, let’s just thank God together that you are better off,” he said.
He compared Nigeria’s situation with developments in other African countries, stressing that the current challenges are not unique to the nation.
“Listen to them in Kenya and other African countries, what they are going through. We will not look back. We will continue to find ways to ameliorate the suffering of the vulnerable. This is a government that cares,” he added.
Tinubu attributed the economic strain to global factors, including geopolitical tensions and the interconnected nature of modern economies.
“The challenge of the war we didn’t call for, but the effect of the interrelated world that we share—both the joy and pain of it are universal,” he stated, adding that government officials are reviewing economic data to identify measures to ease the burden on citizens.
Since assuming office in May 2023, the administration has implemented major economic reforms, including the removal of petrol subsidy and the floating of the naira. While these policies are aimed at achieving long-term economic stability, they have contributed to rising inflation and an increased cost of living.
The situation has been further exacerbated by global energy market disruptions linked to tensions involving the United States, Israel and Iran.
Petrol prices in Nigeria have recently surged to over ₦1,200 per litre, intensifying pressure on households and businesses nationwide.
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2026-04-10