Nigeria: Atiku's Petrol Subsidy Proposal Fails the Economic Test and Raises More Questions Than Answers
- 2027 ADC presidential candidate Atiku Abubakar reaffirmed his promise to restore fuel subsidies, explicitly contradicting media aide Paul Ibe, whom Atiku stated was not speaking on his behalf.
- Media aide Ibe told AIT on Tuesday that the proposed subsidy return would be temporary, involving leveraging crude oil resources for domestic refining rather than returning to the previous regime.
- "When fuel rises, transport rises," Atiku said, arguing that restoring targeted subsidies will put purchasing power back in the hands of Nigerians and address poverty driven by subsidy removal.
- The proposed intervention ties subsidy costs to crude oil production, with oil sold at discounted prices to refiners to produce cheaper petrol and diesel for consumers.
- President Tinubu previously criticized Atiku's proposal as evidence of "serious ignorance on governance and economy," highlighting the political divide over Nigeria's energy and subsidy policies heading into 2027.
37 Articles
37 Articles
Nigeria: If Elected President I Will Restore Fuel Subsidy
Former Vice President and presidential candidate of the African Democratic Congress (ADC), Alhaji Atiku Abubakar, has pledged to restore Nigeria's petrol subsidy if elected president in the 2027 presidential election.
Atiku’s subsidy plan retrogressive, fiscally unsustainable - Presidency
The Presidency criticizes Atiku Abubakar’s proposal to restore petrol subsidy, calling his plan “retrogressive” and fiscally unsustainable. Learn more abou Read More: https://punchng.com/atikus-subsidy-plan-retrogressive-fiscally-unsustainable-presidency/
Atiku vows to restore petrol subsidy if elected president in 2027
The ADC presidential candidate says the subsidy should be restored, and those who diverted public funds meant for the scheme should be made to account for them. The post Atiku vows to restore petrol subsidy if elected president in 2027 appeared first on Premium Times Nigeria.
2027: Atiku vows to restore petrol subsidy if elected
ABUJA — Presidential candidate of the African Democratic Congress (ADC), Atiku Abubakar, has said he will reinstate petrol subsidy if elected president in the 2027 general election, arguing that Nigerians have not seen sufficient benefits from its removal. Atiku made the pledge during a Hausa-language interview on Wednesday, where he questioned the Federal Government’s management […] The post 2027: Atiku vows to restore petrol subsidy if elected…
Atiku: I'll restore subsidy if elected in 2027
The African Democratic Congress (ADC) presidential candidate, Atiku Abubakar, has vowed to restore fuel subsidies if elected President in the 2027 general elections. Atiku stated this during a Hausa-speaking interview on the PAP show on Wednesday, saying anyone who had stolen funds meant for fuel subsidy would be made to return the money if he assumes office. Tinubu announced the end of petrol subsidy during his inauguration on May 29, 2023, des…
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