President Bola Ahmed Tinubu has alleged that individuals who benefited from Nigeria’s controversial fuel subsidy regime and foreign exchange rackets are responsible for worsening insecurity in parts of the country.
Speaking through former Ogun State governor Olusegun Osoba at the launch of the book The NADECO Story in Lagos on Wednesday, Tinubu said recent reforms introduced by his administration have disrupted long-standing networks profiting from corruption.
The president maintained that those affected by the removal of fuel subsidy and reforms in the foreign exchange system are fighting back by attempting to destabilize the country.
According to him, the reforms were necessary to rescue Nigeria’s economy and prevent further financial leakages that had enriched a few individuals at the expense of the wider population.
Tinubu also praised members of the National Democratic Coalition (NADECO) for their role in Nigeria’s democratic struggle, describing their sacrifices as instrumental to the country’s return to civilian rule.
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