President Bola Ahmed Tinubu has assured that the fuel hike will soon come down, even as he vowed to find a lasting solution to the tough times facing Nigerians.
Tinubu yesterday at the 11th Convocation Ceremony of the Michael Okpara University of Agriculture, Umudike (MOUAU), Abia State, said he was aware of the myriad of socio-economic and political problems Nigerians are grappling with.
Represented by the Executive Secretary of the Agricultural Research Council of Nigeria (ARCN), Professor Garba Sharubutu, the Nigeria leader said he was not resting on his oars in his efforts to eliminate the current hardships in the country.
In his words:
“Our policy instruments are being fine-tuned with the view to dealing firmly with the causes and not the symptoms of the problems,” he said.
“Mr. President promised that very soon the current exorbitant prices of the Premium Motor Spirit (PMS) popularly known as petrol would be “greatly reduced,” he added.
The president hinged his optimism on crashing fuel prices in no distant time on his belief that “very soon, some of our local refineries will start production.”
“He said part of the supplementary budget already approved by the National Assembly “will be applied to bring interventions at critical segments of the agricultural sector.”
On the persisting insecurity, which Tinubu identified as “a burden and a major challenge in Nigeria” the president assured the nation that “in no distant time, it will become history.”
