{"id":2391,"date":"2023-07-31T19:29:50","date_gmt":"2023-07-31T19:29:50","guid":{"rendered":"https:\/\/thenewsnow.org\/?p=2391"},"modified":"2023-07-31T19:29:50","modified_gmt":"2023-07-31T19:29:50","slug":"over-n1tn-saved-since-subsidy-removal-says-tinubu","status":"publish","type":"post","link":"https:\/\/thenewsnow.org\/index.php\/2023\/07\/31\/over-n1tn-saved-since-subsidy-removal-says-tinubu\/","title":{"rendered":"Over N1tn saved since subsidy removal, says Tinubu"},"content":{"rendered":"<p class=\"p1\">President Bola Tinubu on Monday said the Federal Government of Nigeria has saved N1tn in the two months since the removal of the petrol subsidy.<\/p>\n<p class=\"p1\"><span class=\"s1\">Tinubu said these monies that would have been otherwise squandered by those he called \u201csmugglers and fraudsters\u201d will now be channeled into intervention programmes targeting families nationwide.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u201cIn a little over two months, we have saved over a trillion Naira that would have been squandered on the unproductive fuel subsidy which only benefitted smugglers and fraudsters,\u201d Tinubu said in his nationwide broadcast on current economic challenges in the country.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">While acknowledging the hardship occasioned by an unavoidable lag in palliative measures these past 62 days, he urged Nigerians to \u201clook beyond the present temporary pains and aim at the larger picture.\u201d<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u201cI plead with you to please have faith in our ability to deliver and in our concern for your well-being.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u201cAll of our good and helpful plans are in the works. More importantly, I know that they will work,\u201d he affirmed.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">He said the funds so far saved from subsidy removal \u201cwill now be used more directly and more beneficially for you and your families.\u201d<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">President Tinubu also promised to get the nation out of this economic turbulence through the measures his administration has\u00a0taken\u00a0so\u00a0far.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Bola Tinubu on Monday said the Federal Government of Nigeria has saved N1tn in the two months since the<\/p>\n","protected":false},"author":1,"featured_media":1911,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2391","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/posts\/2391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/comments?post=2391"}],"version-history":[{"count":1,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/posts\/2391\/revisions"}],"predecessor-version":[{"id":2392,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/posts\/2391\/revisions\/2392"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/media\/1911"}],"wp:attachment":[{"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/media?parent=2391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/categories?post=2391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/tags?post=2391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}