Executive Secretary of the Nigerian Christian Pilgrim Commission (NCPC) Bishop Prof. Stephen Adegbite has hailed President Bola Tinubu’s purposeful leadership, as he celebrated the third year anniversary on May 29, 2026.
Tinubu was sworn-in on May 29, 2023, as the 16th President of Nigeria at the Eagles Square Abuja, amid pomp and pageantry. His first major assignment was the removal of fuel subsidy on Premium Motor Spirit (PMS), which gulped Nigeria $850 million monthly as revealed by the Nigerian Petroleum Company Limited (NNPCL).
News Rider reports that in the last 17 years, from 2005 to mid- 2021, the Federal Government spent over N13. 697 trillion on the payment of subsidy, just as the Organisation of Petroleum Countries (OPEC) pegged the country's daily import of petrol and diesel at 465,000 barrels per day.
Adegbite, who disclosed this in his congratulatory message to commemorate the third-year anniversary, noted that Tinubu has demonstrated purposeful leadership despite the significant challenges confronting the nation at the inception of his administration on May 29, 2023.
He commended the APC-led administration for implementing bold policy initiatives aimed at addressing the country’s lingering economic challenges.
Adegbite enjoined the President to remain focused on his mandate and not be distracted by detractors.
In 2022, the Federal Government spent over N3 trillion on subsidy, while in 2023 budget, N4 trillion was mapped out for fuel subsidy. The capital project for the entire country in 2023 is N6 trillion.
This implied that Nigeria spent at least, N18.397 billion to subsidise PMS daily due to high cost of petroleum products, redundant refineries, wobbly exchange rate, and failure to implement the Petroleum Industry Act (PIA).
According to Adegbite, "Nigeria will surely overcome its present economic difficulties.
"I am optimistic that the best is yet to come for our nation."
He pleaded with Nigerians to support the administration, pray for lasting solution to the nation’s security challenges, and join forces with the government to eliminate banditry, insurgency, and kidnapping.
Adegbite extended his goodwill to the Vice President, Senator Kashim Shettima; First Lady, Senator Oluremi Tinubu, and all leaders across the country.
He prayed for God’s grace, strength, and good health for the President to successfully lead Nigeria to the promisedland.
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