I'll Not Resurrect Old Fuel Subsidy — Atiku Tells Nigerians Plans to Cut Petrol Price
Atiku says the plan would channel support to domestic refineries under strict audit rules and could cut costs as Nigeria’s refined output grows, officials said.
- On Wednesday, Atiku Abubakar, ADC presidential candidate, pledged to restore a targeted, auditable petrol subsidy if elected president in 2027, vowing to recover diverted funds to ease the cost-of-living crisis.
- President Bola Tinubu removed the subsidy on May 29, 2023, declaring 'subsidy is gone' and triggering inflation; Atiku's proposal marks a strategic pivot from his 2023 campaign support for total elimination.
- The Atiku Economic Recovery Plan 2027 proposes replacing the old import-based regime with a transparent, production-side subsidy providing preferential crude to qualifying refineries subject to independent audits and strict verification.
- Presidential aide Bayo Onanuga, Special Adviser to the President on Information and Strategy, dismissed the proposal as 'opportunistic' and 'desperate,' while energy lawyer Dr. Ayodele Oni warned restoring subsidies requires amending the Petroleum Industry Act.
- Finance Minister Taiwo Oyedele reported that nearly N15.8 trillion in subsidy savings was generated since June 2023, though analysts warn reintroducing subsidies could require N1.5 trillion monthly, threatening national fiscal stability.
33 Articles
33 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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