President Bola Tinubu has ruled out the possibility of restoring fuel subsidy, insisting that his administration will sustain its removal and redirect resources towards education, agriculture and infrastructure.
The President made the declaration on Tuesday, during the All Progressives Congress (APC) presidential campaign rally in Dutse, Jigawa State, where he presented the party’s manifesto and economic development agenda ahead of the 2027 general election.
Addressing Nigerians who believe the Federal Government could restore fuel subsidy, Tinubu dismissed such suggestions as misleading.
“To those who say subsidy is coming back, it’s a lie. Don’t let them lie to you again. It’s not going to come back,” the President declared.
Tinubu Explains Why Fuel Subsidy Will Not Return
Tinubu argued that bringing back fuel subsidy would undermine the country’s long-term development by diverting resources needed for critical national investments.
He said Nigeria could not continue spending resources needed for future generations on sustaining fuel subsidy when those funds could be invested in education and agriculture.
According to the President, his administration intends to channel resources towards improving the living conditions of Nigerians and creating opportunities for future generations.
He maintained that investment in education and productive sectors remained essential to the country’s economic development.
Interest-Free Loans, Mechanised Farming for Farmers
While ruling out a return of fuel subsidy, Tinubu announced plans to introduce interest-free loans for small-scale farmers and expand agricultural support across the country.
He said the Federal Government would subsidise farming, reward small-scale farmers and establish mechanised farming service centres across six geographical locations.
“We will subsidise farming. We will reward small-scale farmers. Interest-free loans for farmers are coming. Prosperity is coming. Food security will happen,” he said.
The President added that the initiative would help increase agricultural production, strengthen food security and reduce food prices.
He also promised greater involvement of Nigerian universities in agricultural research and development, alongside improved mechanisation and irrigation.
Tinubu Promises Stronger Security and Education Support
The President also addressed the country’s security challenges, urging Nigerians to cooperate with security agencies by providing useful information about suspicious activities.
He assured Nigerians that his administration was working to improve security and strengthen the welfare of military and police personnel.
Tinubu said the government had strengthened the armed forces and police and was paying better salaries.
On education, he described the Nigerian Education Loan Fund (NELFUND) as a weapon against poverty.
He disclosed that funds recovered by the Economic and Financial Crimes Commission (EFCC) from corruption-related cases would be channelled into NELFUND to support students’ education.
The President reaffirmed his administration’s commitment to expanding access to education and investing in sectors that could improve Nigeria’s long-term economic prospects.
Tinubu’s remarks came as the APC presented its manifesto for the 2027 general election, outlining its economic and development priorities.
