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/
The Presidency has criticized former Vice President Atiku Abubakar for proposing to restore the petrol subsidy if elected as president, calling it "retrogressive" and fiscally unsustainable. Bayo Onanuga, the President's Special Adviser on Information and Strategy, stated that Atiku's position differs from his previous stance on petrol subsidy and urged him to explain how the policy would be funded.
The subsidy, which was made illegal with the Petroleum Industry Act, was described as "much-abused, wasteful, pillaged, corruption-ridden." Onanuga cautioned that Nigerians deserve to understand the effects of restoring the subsidy, given the economic and petroleum realities in the country.
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