President Bola Tinubu has described the recent increase in petrol prices as a “bold and unprecedented decision” necessary to steer Nigeria towards economic growth.

He made this remark during a meeting with Nigerians in Beijing, China, after completing his official engagements in the country.

In a statement by his spokesperson, Ajuri Ngelale, Tinubu emphasized that the fuel price hike, alongside other reforms implemented by his administration, forms part of a broader strategy aimed at fostering sustainable economic development in Nigeria.

The President was quoted as saying, “Nigeria is going through reforms, and we are taking very bold and unprecedented decisions. For example, you might have been hearing from home in the last few days about fuel prices.

“But, can we help it? Can we develop good roads like you have here? You see electricity being constant in quantity and quality. You see water supply, constant and running, and you see their good schools. And we say we want to hand over a banner without stain to our children?

“What is the critical part to get us there if we cannot take hard decisions to pave the way for a country that is blessed and so talented?

“So many of you are so talented, speaking very fluent Mandarin. It is what you contribute and tell them at home that will reflect in the attitude of our people.

“The more you want everything free, it will become more expensive and long-delayed to achieve meaningful development.”