…By Dorcas Funmi for TDPel Media. President Bola Tinubu announced on Friday that Nigerians would receive palliatives as a result of the removal of petrol subsidy in the country.
Speaking to Nigerians residing in France and other neighboring European countries, the President assured them that measures would be taken to alleviate the potential hardships caused by the subsidy removal.
Saving Money for Palliatives
President Tinubu emphasized the need to save money before the government can implement the palliatives.
He explained that in order to provide financial support and relief, funds must first be accumulated.
While addressing organized labor and preventing a planned strike over the fuel subsidy removal, Tinubu urged them to consider the necessity of saving before demanding increased palliative measures.
He even stated that he would join their protest if they refused to cooperate.
Convincing Organized Labor
To prevent the planned strike action, President Tinubu engaged with the organized labor, presenting his argument to them.
He questioned their motivation for protesting, highlighting that if they were demanding an increase in palliative measures and transportation, it implied they were benefitting from the subsidy.
By challenging them, Tinubu successfully convinced the organized labor to halt their protest.
Importance of Saving for Palliatives
President Tinubu reiterated the government’s commitment to providing palliatives but stressed the necessity of saving money for their implementation.
He emphasized that funds needed to be accumulated to embark on effective relief measures and support for the Nigerian people.
The Rotten Financial System
President Bola Tinubu shared further insights into why he suspended Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN).
Speaking during an interactive session with Nigerians living in France and neighboring European countries, Tinubu expressed concern about the state of the country’s financial system under Emefiele’s leadership.
Illegal Profiteering and Multiple Exchange Rates
Tinubu criticized the financial system for enabling a select few to engage in illegal financial activities, allowing them to make money unlawfully.
Additionally, he highlighted the issue of multiple exchange rates, which had hindered Nigerians in the diaspora from easily sending money back home.
A New Era of Accountability
President Tinubu assured the audience that such occurrences were now a thing of the past.
He affirmed that the responsible parties had been apprehended by law enforcement agencies, indicating that accountability measures had been taken to address the issues within the financial system.
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