Tinubu’s Policies Saved Nigeria From Spending N10trillion Annually On Subsidy – Senator Yayi
ABEOKUTA – The Senator representing Ogun West senatorial district, Sen. Olamilekan Yayi has hailed President Bola Tinubu’s policies on tax reform and subsidy removal, saying they have enabled Nigeria to save over 10 trillion naira annually.
Yayi made the statement on Saturday during his annual Thanksgiving service held in Ilaro, Ogun state.
Senator Yayi disclosed that before the removal of the subsidy, Nigeria was borrowing about N8 billion monthly to sustain the fuel subsidy, which amounted to not less than N10 trillion annually.
He affirmed that Nigeria is now on the right track, with a predictable economy, a thriving micro-economy, and efforts to improve the macro-economy.
“Nigeria is now getting it right, as the country can predict the kind of economy we are running, the micro economy is good, and we are working on the macro as well, assuring that in the near future Nigeria we will feel the impact of the reforms that have been introduced”.
Yayi highlighted the positive impact of the reforms, citing the Lagos-Calabar coastal road and Sokoto-Badagry highway projects as examples of infrastructure development that would boost Nigeria’s economic strength.
He commended President Tinubu for his efforts in implementing these reforms, saying they would build a new Nigeria that works for everyone.
“I believe that in the near future, Nigeria will feel the impact of all the beautiful reforms that have been introduced by the president. And also in the area of infrastructure, he has done excellently well, and we have commended him at least for the Lagos-Calabar and the Sokoto Badagri road, that is building a new Nigeria, a Nigeria that works for everybody and a Nigeria that works for all”.
“I can tell you, the tax reform there is no doubt there is no crisis we are on the same page with the executive and I can tell you, by the time the implementation starts, what will exactly pass is what will be implemented and there have not been any amendments indirectly or directly, whatever amendments that happen are made in the national assembly. And we will only do those things that will promote the integrity of the national assembly and Nigeria as a whole so we are not working at the expense of everybody.”
He commended Governor Dapo Abiodun for his development project in the state, noting that the Gateway International Airport and Seaport have also given the Ogun state economy a boost.
Corroborating on the tax reform, the Minister for State Health, Hon. Iziaq Salako, explained that Nigeria is indeed experiencing positive changes, with no queues for fuel across the country as of January 3, 2026, and efforts to address insecurity are underway.
He affirmed that President Bola Tinubu’s policies are yielding results, with the economy expected to grow by 4.49% in 2026, and inflation easing to 12.94%.
“The president’s reforms, including tax harmonisation and removal of fuel subsidies, aim to boost revenue and efficiency. The new tax laws, despite controversy, are expected to increase government revenue and simplify compliance”
He challenged the critics and opposition parties to think of something else to discredit the current APC administration.
” The APC’s progressive policies have the support of many Nigerians, who are optimistic about the country’s future”.
While speaking on the theme of Thanksgiving “Gratitude that will raise endorsement” Rt Rev. Micheal Oluwarombi of the Cathedral Church of Christ admonished Yayi to urge to sustain partnership with God, recognise and pay attention to thanksgiving and to always acknowledge God.
He preached from the book of Luke chapter 3 and 1st Kings 3-15, stating that Yayi has been a good ambassador and public servant who has not spared his hand, encouraging him not to ever spare his hands.
He concluded that the key of his success is Thanksgiving, he should continue to be giving thanks to God.
