Nigeria, May 29 -- In a nationwide address on Friday commemorating three years in office, Bola Ahmed Tinubu acknowledged the economic hardship experienced by Nigerians but insisted that the tough decisions taken since 2023 were necessary to prevent fiscal collapse and place the country on a path to recovery.

The President said his administration inherited major economic and structural challenges, including unsustainable fuel subsidies, foreign exchange distortions, mounting debt-servicing costs, insecurity, and declining public confidence in institutions.

Tinubu defended the removal of fuel subsidies and exchange rate reforms, arguing that the policies were difficult but unavoidable. According to him, Nigeria had spent trillions of nai...