President Bola Tinubu has stated that the country's financial system was "rotten" while Godwin Emefiele, the suspended governor of the Central Bank of Nigeria (CBN), was in charge.
Tinubu had suspended the CBN governor earlier this month and ordered an investigation into his office.
Emefiele has been in the custody of the Department of State Services (DSS) since then.
The president stated at an interactive session with Nigerians in Paris, France, that steps are being made to resolve the alleged irregularities committed by Emefiele.
"Then the financial system was rotten,"
"A few people make bags of our money, and then you stop sending money to our poor parents." There are several windows, But that is no longer the case.
"The man is in the hands of the authorities; something is being done, and they will sort themselves out."
Tinubu stated that the petrol subsidy should be eliminated since it was enriching a few people.
"They thought it was the greatest joke ever until I called NNPC." "We are tired of feeding smugglers, enriching a few people, and subsidizing our neighbor," the president stated.
"Today, I met with the president of the Benin Republic." We are all equal today, and we are buddies. We are conjoined twins linked at the hips, and the only way we can be separated is with this fuel subsidy.
"Let us see if we can survive or not, but we will survive you."
Tinubu also stated that the federal government was working on procedures to mitigate the impact of the subsidy's elimination.
"Palliative care will be provided, but we must first save money before embarking on palliative measures."
"You want money to improve palliative care and transportation." What exactly are you protesting? Are you contributing to the subsidy? If you protest, I will join you in your demonstration. They came to a halt. "There will be no protest,"
he stated.
President Bola Ahmed Tinubu |