President Bola Tinubu has said he has no regrets about removing the petrol subsidy, stating that his administration will not reverse its economic reforms despite calls for the policy to be reinstated.

Tinubu made the statement on Monday, October 19, 2026, at an event organised by the City Boy Movement and the “Relax, Tinubu Is Fixing Nigeria” movement held at the Presidential Villa in Abuja.

Speaking to young supporters at the forum themed “Together till 2027: An Evening with Original City Boy,” the President likened Nigeria’s economic reforms to the biblical story of Moses leading the Israelites out of Egypt.

He said his administration had taken tough decisions to move the nation forward and dismissed suggestions that Nigeria should revert to its former economic policies.

While acknowledging the hardships Nigerians have endured in his first three years in office, Tinubu insisted that the decisions were essential to fixing the country’s economic challenges.

Read what the President said below;

“The road we have walked these past three years has not been easy. We took hard decisions.”

He also faulted excessive borrowing and the reliance on printing money, arguing that Nigeria cannot attain greatness by piling up more debt.

Tinubu pointed to his administration’s education programmes, stating that over one million students had benefited from support through the Nigerian Education Loan Fund after the Student Loan Act was signed into law.

The President commended members of the City Boy Movement for mobilising youths across communities, campuses and political wards ahead of the 2027 general elections.

He called on eligible young Nigerians to get their Permanent Voter Cards and take part in the polls, while urging supporters to inform voters about his administration’s achievements and plans.

Tinubu also admitted that his economic policies had drawn criticism but insisted that going back was not an option.

His remarks come amid ongoing debate over the impact of the petrol subsidy removal on fuel prices, household expenses and the general cost of living in Nigeria.