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Fuel Price Hike ‘Biting Hard’, But Nigeria is Better Off – Tinubu

TrackUpNews by TrackUpNews
April 11, 2026
in Economy
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11 April 2026

President Bola Tinubu has acknowledged the growing hardship caused by rising fuel prices in Nigeria, urging citizens to remain hopeful and appreciate their relative position compared to other countries.

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Speaking during his visit to Bayelsa State, where he inaugurated several projects, Tinubu said, “I hear you from various angles of the economy. The fuel price is biting hard, but look around, let’s just thank God together that you are better off.”

He drew comparisons with other African countries, highlighting that challenges are not unique to Nigeria.

“Listen to them in Kenya, in other African countries, what they are going through. We will not look back. We will continue to find ways to ameliorate the suffering of the vulnerable”. This is a government that cares,” he added.

Tinubu attributed the economic strain to global factors, citing the impact of the war in Ukraine and geopolitical tensions in the Middle East.

“The challenge of the war we didn’t call for, but the effect of the interrelated world that we share. Both the joy and pain of it are universal,” he stated.

He emphasized that Nigeria is not alone in facing these challenges, as many countries are grappling with similar issues.

The President assured Nigerians that the government is working to ease their burden, saying,

“I am glad the Head of Service is here. Look at the numbers with the finance, economic planning, and budgeting, and we will see what we can do to ease the burden.” He promised.

He emphasized the need for careful consideration and planning to address the economic challenges.

Since assuming office in May 2023, the Tinubu administration has implemented economic reforms, including the removal of petrol subsidy and the floating of the naira. While aimed at long-term stability, these policies have led to increased hardship for many Nigerians, driven by rising inflation and a surge in the cost of living.

Tags: Bola TinubuFuel holeharsh economy
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