Tinubu to take tough decisions to revive ailing economy
Indications have emerged that the President-elect, Bola Tinubu, will take tough decisions when he assumes duty in order to revive the ailing economy.
Some of the decisions he is likely to take include the implementation of the Stephen Oronsaye panel’s report on the reform of the civil service and the removal of the controversial fuel subsidy, which has become a drain on resources, job cuts, introduction of higher taxes, privatisation of public corporations and the sale of some government assets.
Sunday PUNCH gathered that Tinubu had been impressing on his loyalists the need to take certain decisions that might be considered unpleasant in the short run, but pay off for the nation later.
Before the February 25, 2023 presidential election, Tinubu, who was then the candidate of the ruling All Progressives Congress, had vowed to remove the fuel subsidy if was elected as it had constituted a huge drain on the government’s revenue.
A highly placed source told one of our correspondents on Saturday that the incoming President would merge some ministries and agencies of the Federal Government as recommended by the Oronsaye panel and would take tough decisions on other issues going by meetings that had been held by Tinubu and his core loyalists.