Deputy Speaker of the House of Representatives, Rt. Hon. Benjamin Okezie Kalu has commended President Bola Tinubu for his bold decision to remove fuel subsidies, describing it as a courageous move that saved Nigeria’s economy from collapse.
In a congratulatory message marking Tinubu’s second anniversary in office, Kalu noted that the subsidies were a significant drain on the economy without providing substantial benefits to the people.
The Deputy Speaker also commended the President for many other landmark achievements which included the Presidential Loan and Grant Scheme with over 900,000 beneficiaries; Students Loan Scheme with over 300,000 beneficiaries and the clearing of over $10 billion FX debt.
“Others include over 440 ongoing road projects, including over 2,700km of superhighways; 3.84% GDP growth in 04 2024, highest in 3 years; N70,000 minimum wage payment; the decimation of insurgency affecting over 13,500 terrorists; over $50 billion in new FDI commitments Net Foreign Exchange achieved; the reserve of from $3.99 billion in 2023 to $23.11 billion in 2024; the unlocking of over $8 billion in new oil @and gas investments; the passage of 4 new landmark tax bills and and creation of regional development Commissions.”
Kalu expressed confidence that the Tinubu-led administration will continue to drive positive change, urging Nigerians to support the government.
He also assured that the parliament will continue to prioritize the enactment of people-oriented laws to complement the administration’s efforts.
