President Bola Tinubu has ruled out any possibility of restoring fuel subsidy, insisting his administration will sustain the policy and redirect savings towards critical sectors of the economy.
The President made the declaration on Tuesday during the All Progressives Congress (APC) campaign rally in Dutse, Jigawa State, where he presented the party’s manifesto and economic development agenda.
Tinubu dismissed suggestions that the Federal Government was considering a return to fuel subsidy, describing such claims as misleading.
“To those who say subsidy is coming back, it’s a lie. Don’t let them lie to you again. It’s not going to come back,” he declared.
He argued that restoring the subsidy would undermine the country’s long-term development and jeopardise the future of Nigerian children.
The President said his administration would invest resources saved from subsidy removal in education, agriculture and infrastructure to improve the living conditions of Nigerians.
On agriculture, Tinubu announced plans to introduce interest-free loans for smallholder farmers and establish mechanised farming service centres across the six geopolitical zones.
According to him, the initiative is aimed at increasing agricultural production, strengthening food security and bringing down food prices.
“We have to invest in agriculture. There will be interest-free loans for farmers. Prosperity is coming. Food security will happen,” he assured.
Addressing the security situation, the President pledged that his administration would intensify efforts to tackle insecurity across the country.
He called on Nigerians to support security agencies by providing useful information about suspicious movements and activities.
“We are working hard to ensure that Nigeria is safe. We will conquer insecurity. We will defeat the enemies of unity, stability and hope,” Tinubu said.
He added that the Federal Government had strengthened security agencies through improved welfare packages and better remuneration for personnel.
On education financing, the President disclosed that funds recovered by the Economic and Financial Crimes Commission (EFCC) from corruption-related cases would be channelled into the Nigerian Education Loan Fund (NELFUND).
He described the student loan scheme as a major instrument for addressing poverty and expanding access to higher education.
“NELFUND is our weapon against poverty,” he said, reaffirming his administration’s commitment to human capital development.
Tinubu also highlighted plans to improve electricity supply, expand opportunities for small and medium-scale enterprises, create jobs and equip young Nigerians with relevant skills.
The President commended Jigawa State Governor Umar Namadi for his administration’s development projects and urged residents to support his re-election bid.
He said the governor had made significant progress in the state, describing his performance as impressive.
“I have been here a number of years. I have never seen so much progress. This man has worked tirelessly for all of us,” he said.
The rally attracted APC supporters from across Jigawa State, with the President using the occasion to formally present the party’s manifesto and outline its roadmap for economic prosperity.
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