I Don’t Regret Removing Petrol Subsidy – Tinubu

President Bola Tinubu says he has no regret in removing the petrol subsidy.

Speaking during his first presidential media chat on Monday, Tinubu said “Nigeria was spending its future and was not investing”.

“We were spending the fortune of our future generations, we were not investing,” he said.

“We were just deceiving ourselves. That reform was necessary. Why should you have expenditures that we don’t have revenue for?

“We should teach management in all our programmes, we have to manage our resources.

“There is no way you give out fuel and allow all the entire neighbouring countries as Father Christmas. I don’t have regret whatsoever removing the subsidy. It is necessary.

“We cannot spend our future generation investments upfront.”