President Bola Ahmed Tinubu has told Nigerians that there is no free beer parlour anymore.
He said the people must work hard, focusing on agriculture and should be patient with the government.
Tinubu said his administration was in the process of retooling and rebuilding the country’s economy and should be given the time to achieve this.
Tinubu made this known when the Forum of Former Presiding Officers of the National Assembly, led by former Senate President Ken Nnamani, paid him a visit in Abuja.
“People say we’re hungry; yes, I understand that. We don’t want to keep the people hungry and angry, but we say be patient— we must work hard. There is no free beer parlour anymore. We’ll retool and rebuild Nigeria’s economy,” said President Tinubu.
Nigerians currently grapple with economic hardship occasioned by the twin policies of fuel subsidy removal and Naira floating.
The removal of the petrol subsidy on the president’s first day in office tripled the pump price of fuel.
As of Friday, filling stations in Abuja sell between N950 and N1,100 per liter of petrol.
Additionally, the move to unify exchange rate windows, also a day one policy, pushed the naira to an all-time low, trading at above N1,500 to a dollar from N600 to one dollar he met on May 29, 2023.
As of Friday, the Naira to Dollar stood at N1,544 at the official market.
