“The fuel subsidy is gone,” Tinubu declared shortly after he was sworn in.
The former Lagos State Governor, said his government shall channel funds hitherto spent by successive governments on petrol subsidy into infrastructure and other key areas to strengthen Nigeria’s ailing economy.
He also promised to abolish the current multiple exchange rate put in place by the Central Bank of Nigeria adding, unified exchange rate is guaranteed under his administration.
Tinubu also promised to remodel the Nigerian economy to bring about growth and boost the Gross Domestic Product through job creation.
Pointing out that the interest rate is currently too high and will be reviewed, Tinubu assured investors that multiple taxation will also be reviewed to attract foreign direct and local investments.
He said his administration will create one million jobs in the digital economy.
On the issue of insecurity, he vowed his government will rid Nigeria of terrorism and criminality, by reforming security architecture, investing more in security personnel, ensuring better training and providing better equipment for security personnel.
He also promised to end extreme poverty, make food more abundant, as well increase women and youth inclusion in government to discourage corruption.