Nigeria: Presidency Tackles Atiku for Saying He'll Restore Fuel Subsidy
- The All Progressives Congress criticized Atiku Abubakar on Thursday for pledging to restore fuel subsidies if elected president, accusing Atiku of abandoning his position from the 2023 election to gain political advantage.
- Special Adviser to President Bola Tinubu on Information and Strategy Bayo Onanuga called the proposal an "opportunistic" reversal of Atiku's previous economic doctrine, noting that Atiku campaigned on eliminating the subsidy regime during the 2023 election.
- The Petroleum Industry Act made the subsidy regime illegal as of June 2023, according to The Presidency, which argues that restoring the arrangement would require a new legal framework incompatible with the current market-driven petroleum sector.
- Wike labeled Atiku a "voodoo economist" and accused him of changing positions to pursue power, while APC National Publicity Secretary Felix Morka described the proposal as a desperate attempt to exploit public dissatisfaction with hardship.
- Nigeria now exports refined products to Europe, Asia, and the United States, positioning the sector as market-driven; officials contend restoring the subsidy regime would spell bankruptcy for local refineries like Aradel while causing significant fiscal losses.
30 Articles
30 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…
Coverage Details
Bias Distribution
- 57% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
