Tinubu’s Removal of Petrol Subsidy Needed for Africa’s Development, Says Kenya’s Ruto

Kenyan President William Ruto has said Nigerian President Bola Tinubu’s removal of petrol subsidy is what Africa needs for development, adding that the decision will move the continent forward.
Ruto spoke at a high-level event for African leaders with the theme “Africa’s green industrialisation” on the sideline of the ongoing COP28 in Dubai, United Arab Emirates (UAE).
Speaking on the removal of subsidy by President Tinubu, the Kenyan leader said African leaders need to make more of such difficult decisions that would stabilise their economies.

 “I want to congratulate my colleagues, heads of state – the President of Zambia for the many steps they have had to take to stabilise their economy,” he said.
“President Tinubu here, who has had to make very difficult decisions, including the removal of subsidy.
“We all have to make such difficult decisions to get Africa moving and I want to promise here that we will gather the courage to make the right decisions so that Africa can match into the future.

“And also partner with other regions of the world as we tackle the challenge of climate change, and as we create opportunities for young people so that our young people don’t have to get into dangerous routes to go to other destinations.
“We want to create jobs; we want them to get equipped on our continent and continue working on their continent,” Ruto explained.
He added that investors and development partners need to know that Africa has green investment projects and is ready to use renewable energy to turn the existential threat facing the continent into opportunities for investments, job creation, and development.

Ruto said African presidents needed to work together to attract the potential of green energy to the continent.
The Kenyan president said some companies are already stepping forward to invest in Africa because they saw the “tremendous potential, opportunities, and businesses that exist on our continent”.

Festus Akanbi

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