President Bola Ahmed Tinubu has said that his fiscal intervention as President to end the fuel subsidy regime was unsuccessful.

According to the president, the intervention proved to be harmful to the overall health of the nation’s economy.

Tinubu said this during his 2024 budget presentation to the joint session of the National Assembly.

He said, “It is, by now, a matter of recorded history that my very first fiscal intervention as President of this great nation was to end the fuel subsidy regime which had proven to be so harmful to the overall health of our national economy.”

The Nigerian Leader added that defence and internal security are accorded top priority in the budget, saying, “the internal security architecture will be overhauled to enhance law enforcement capabilities and safeguard lives, property and investments across the country.”