Market News

BY  Rilwan Muhammad

Nigeria’s President, Bola Ahmed Tinubu, has recounted his encounter with his close relative who narrated how their wealthy uncle ran short of cash during the naira scarcity in 2023.

Recounting the experience at a special Iftar held in his honour at the Presidential Villa on Saturday night, Tinubu said the odds were against him during the 2023 campaigns, so much that he contemplated withdrawing from the race.

He said, “Those close to me know that the odds were against me. During the campaigns, one of them came to my living room around 3:30 a.m. and said he needed just N50,000 to buy foodstuff for our uncle.

“He told me, ‘The currency is gone because of you. People are jumping over bank counters because there is no cash. Our uncle, a wealthy man, doesn’t even have N10,000 in cash. What are you running for?

“I told him, ‘I am running for President, not for you and our uncle.’ I gave him the N50,000. As he walked out, he turned to me and said, ‘I don’t think you will make it.’ I replied, ‘I will make it,’” Tinubu declared.

He added, “I was amazed. At that moment, I almost dropped the idea of running for President. But thanks to Aminu Masari and all of you who encouraged me.

“When I came to Abuja, Masari told me, ‘I am the Chairman of the North West Group; don’t look back’,” he said.

Further speaking, the President explained reasons why he declared the removal of fuel subsidy during his inauguration.

“On the day of my inauguration, I had to decide on something not originally in my speech, and that was the fuel subsidy removal.

“The hallmark of a great leader is the ability to make the right decision at the right time.

“That was the day I declared that the subsidy was gone. The following day, I was hounded and thoroughly abused in the media. But I stood firm, knowing it was the right thing to do for our nation’s future.” he added.