President Bola Tinubu has ruled out any possibility of restoring fuel subsidy, insisting his administration will sustain the policy and redirect savings towards critical sectors of the economy.
The President made the declaration on Tuesday during the All Progressives Congress (APC) campaign rally at the Dutse Township Stadium in Dutse, Jigawa State, where he presented the party’s manifesto and economic development agenda ahead of the 2027 general election.
Tinubu dismissed suggestions that the Federal Government was considering a return to fuel subsidy, describing such claims 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,” he declared.
“We cannot spend the future of our children today and feel that they will grow tomorrow. No, they have to be in school. We have to invest in their education. We have to invest in agriculture.”
He argued that returning to the previous subsidy arrangement would jeopardise the future of Nigerian children and undermine the government’s ability to finance development projects.
*Interest-Free Loans For Farmers*
On agriculture, Tinubu announced plans to introduce interest-free loans for smallholder farmers and establish mechanised farming service centres across the six geopolitical zones.
“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.
“I hope you hear me, Jigawa. There will be interest-free loans for small-scale farmers. We are going to install a mechanised farming service centre in six geographical locations: mechanised farming.”
He said the initiatives would boost agricultural production, improve food security and reduce food prices.
“We have the arable land, we have the commitment, we have the people. We can feed ourselves and we will bring the food prices down to the minimum,” Tinubu added.
He also said universities would do more research and development in agriculture than ever before.
*Projects Commissioned*
Before addressing the campaign rally, the President commissioned projects executed by the Jigawa State Government, including the Bola Ahmed Tinubu Multipurpose Skills Acquisition Centre and a three-kilometre stretch of the 15-kilometre Police-to-Palace Road network, both in Dutse.
He praised Governor Umar Namadi for his performance in the state.
Tinubu, who formally launched the APC’s manifesto for the 2027 presidential election later in the evening, said the administration was determined to consolidate its economic reforms while introducing measures to improve living standards and expand opportunities for Nigerians.
He also vowed to defeat those he described as enemies of Nigeria’s unity and stability, telling supporters that the fight against insecurity will be won.
