By George Omagbemi Sylvester
President Bola Ahmed Tinubu has stated that individuals benefiting from fuel subsidy payments and multiple foreign exchange systems are unhappy with his administration and allegedly “wish him dead” over the economic reforms introduced since he assumed office in 2023.
The remarks were delivered on his behalf by former Ogun State Governor, Chief Olusegun Osoba, during the 32nd anniversary event of the National Democratic Coalition (NADECO) in Lagos.
According to Osoba, President Tinubu believes certain powerful interests affected by the removal of fuel subsidy and the unification of exchange rates have continued attempts to destabilise the country because their financial benefits were disrupted by the reforms.
He stated that despite the opposition, the President remains determined to continue restructuring Nigeria’s economy.
Tinubu’s administration removed fuel subsidy shortly after assuming office in May 2023 and later implemented exchange rate reforms aimed at unifying Nigeria’s foreign exchange market.
While supporters of the reforms argue they are necessary for long-term economic stability, critics have continued to raise concerns over rising fuel prices, inflation, and the cost of living across the country.
The NADECO anniversary event also featured discussions on Nigeria’s democratic journey, with prominent figures including Nobel Laureate Professor Wole Soyinka and other pro-democracy activists calling for the protection of democratic values and national unity.
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