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Nigeria’s First Lady Oluremi Tinubu has reiterated that her husband, President Bola Tinubu, should not be held responsible for the current economic hardship in Nigeria.
She stated this on Thursday while speaking at the palace of Ooni of Ife, Oba Adeyeye Ogunwusi, saying Tinubu’s administration is still very young.
The president’s wife was in Ife to inaugurate a hostel and a 2.7-kilometre road donated to Obafemi Awolowo University, OAU, Ile Ife, by the Ooni of Ife and named after her.
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“We are just two years into our administration. We are not the cause of the current situation. We are trying to fix it and secure the future.
“We know that subsidy has been removed but with God on our side in the next two years, Nigeria will be greater than this. Those who attempted removing subsidy before could not see it through. But with your prayers in the next two years, we will build a nation for the future,” she said.
The Eastern Updates had reported that Nigerians have been groaning under economic hardship since the removal of fuel subsidy which jerked up the pump price of petrol from N198 to N1,030.
In other news, In the wake of another fuel price surge initiated by the Nigerian National Petroleum Company Limited, the naira’s value continued to drop against the dollar at the foreign exchange market, intensifying concerns over the currency’s persistent depreciation.
Another rise in the pump price of Premium Motor Spirit has been recorded with this latest adjustment, continuing the upward trend witnessed earlier this year.
FMDQ data shows a notable weakening of the naira, which closed at N1625.13 per dollar on Wednesday, a considerable drop from the N1561.76 rate on Tuesday.
The naira’s latest fall, a depreciation of N63.37, follows a stronger performance on Tuesday, when it appreciated by N73.39 against the dollar.
The currency further weakened on Wednesday, slipping in the black market to N1895 per dollar, down from N1780 recorded on Tuesday.