President Bola Tinubu has declared that he had no intention of making money from fuel subsidy.
The president labelled subsidy as economic destruction of the country by enemies of the nation.
According to him, bleeding of the country through the oil subsidy regime should never be allowed to continue under any guise.
Tinubu said this at a reception in his honour by the Lagos State Government on Thursday.
“We will be needing the necessary resources to achieve the promise we made to Nigerians during our campaign,” Tinubu said.
“We need to stop the bleeding of our finances through fuel subsidy and the arbitrary exchange regime. We have no choice.
“We’ve to re-engineer the effectiveness of control and management of our resources in order to meet the obligations owed to Nigerians.”
“I could have said yes I want a share of my benefit and participate in the arbitrage. But no, God forbid. That’s not why you elected me,” he added.
