Atiku Not Proposing Return to Old Fuel Subsidy Racket

Atiku not proposing return to old fuel subsidy racket

The African Democratic Congress, ADC, presidential candidate, Atiku Abubakar’s Senior Special Assistant on Public Communication, Phrank Shaibu has said the former vice president is not proposing a return to the old fuel import subsidy racket. Shaibu explained that Atiku is proposing a targeted, capped and audited subsidy for domestic production. In a Facebook live session, […] Atiku not proposing return to old fuel subsidy racket – Aide

Atiku unveils new Subsidy Model

Former Vice President Atiku Abubakar has unveiled details of his proposed petroleum subsidy reform, declaring that if elected, he would replace Nigeria’s old import-subsidy regime with a targeted, capped, transparently budgeted and independently audited production subsidy designed to lower energy costs while accelerating domestic refining. Atiku, in a statement by his Senior Special Assistant on Public Communication, Phrank Shaibu, said the Atik…

Atiku unveils proposed petroleum subsidy reform

We will determine what Nigeria can afford before we subsidise. We will not subsidise first and discover the bill afterwards.

Atiku Unveils 'Alternative' Subsidy Model, Vows To Track Every Barrel

Former Vice President and African Democratic Congress (ADC) presidential candidate, Atiku Abubakar, has proposed a new petroleum subsidy model that would shift government support from fuel imports to domestic refining, with strict spending limits, transparency and independent auditing. Under the Atiku Economic Recovery Plan (AERP) 2027, qualifying public and private refineries would receive Nigerian crude at preferential prices, subject to produ…