President Bola Tinubu has reacted to the increase in the price of Premium Motor Spirit (PMS), popularly known as petrol, noting that the situation was reflective of the necessary hard decisions to reposition the country for growth.
The President made the argument during his address at a meeting with Nigerians living in China on Friday, September 6, 2024.
Tinubu travelled to the East Asian country on Sunday for a five-day state visit, where he also participated in the 2024 Summit of the Forum on China-Africa Cooperation (FOCAC).
While addressing the Nigerian community in China, the President spoke of his administration’s reforms, including the deregulation of the petroleum downstream sector.
He said the hike in the pump price of fuel and other decisions by his government are part of an overall strategy to get Nigeria out of the doldrums and place it on the growth trajectory.
“Nigeria is going through reforms, and we are taking very bold and unprecedented decisions. For example, you might have been hearing from home in the last few days about fuel prices.”
“What is the critical part to get us there if we cannot take hard decisions to pave the way for a country that is blessed and so talented?
“The more you want everything free, it will become more expensive and long-delayed to achieve meaningful development,” Presidential spokesman, Ajuri Ngelale, quoted Tinubu as saying.
