Nigeria, Oct. 1 -- President Bola Tinubu said on Wednesday that his administration inherited a "near-collapse" company caused by decades of misgovernance in the country.

The Nigerian leader said this in a broadcast to mark Nigeria's Independence Anniversary.

He said the state of the economy caused his administration to take tough decisions, including removing "the corrupt fuel subsidy."

"We chose the path of tomorrow over the comfort of today," he said.

He, however, said the initial negative impacts of his policies had started getting better, saying the "worst is over."

Details later.

Published by HT Digital Content Services with permission from Premium Times....