President Bola Tinubu has declared that he had no intention of making money from fuel subsidy.
The president labelled subsidy as economic destruction of the country by enemies of the nation.
According to him, bleeding of the country through the oil subsidy regime should never be allowed to continue under any guise.
Tinubu said this at a reception in his honour by the Lagos State Government on Thursday.
“We will be needing the necessary resources to achieve the promise we made to Nigerians during our campaign,” Tinubu said.
“We need to stop the bleeding of our finances through fuel subsidy and the arbitrary exchange regime. We have no choice.
“We’ve to re-engineer the effectiveness of control and management of our resources in order to meet the obligations owed to Nigerians.”
“I could have said yes I want a share of my benefit and participate in the arbitrage. But no, God forbid. That’s not why you elected me,” he added.
Meanwhile, the president has reunited three of his successors as governor of Lagos State.
Tinubu ruled Lagos State as governor from 1999 to 2007.
In 2007, he handed over to the immediate past Minister of Works and Housing, Babatunde Fashola, who superintended over the state for another eight years.
At the expiration of his second tenure, Fashola handed over the baton of the state to Ambode.
A clash between Tinubu and Ambode saw him losing the All Progressives Congress, APC, governorship primaries in the state in 2018.
During the primary election, Ambode lashed out at Tinubu and his successor, Sanwo-Olu.
The reconciliation process started when the incumbent governor visited the former during his 60th birthday recently.
Sanwo-Olu said Ambode dedicated his time to the service of Lagos State as a governor and civil servant.
In furtherance of the reconciliation process, Tinubu, Fashola, and Ambode were together yesterday at the welcome back party organized by the state governor in honour of the president.
