Atiku in Dramatic U-turn, Wants Fuel Subsidy Returned
• Tinubu: It shows your ignorance on governance, economy •I will follow the barrel, ensure accountability, ex-VP insists • No, you are desperate for power, presidency says •Wike: Atiku confused,
Former Vice President Atiku Abubakar has announced his intention to reintroduce petrol subsidy if he is elected as Nigeria's president in 2027, a significant shift from his previous stance advocating for its removal. This announcement was made during a meeting at the State House in Abuja, where Atiku faced criticism from President Bola Tinubu, who accused Atiku of ignorance in governance and economy.
The presidency rejected Atiku's proposal, stating that it would be retrogressive, fiscally unsustainable, and a product of Atiku's desperation to secure the presidency. Atiku's plan involves targeting and tracking every barrel of crude allocated under the subsidy scheme to ensure Nigerians benefit from it, while also supporting Nigerian refineries.
The subsidy debate has become increasingly political, with opposition parties using the hardship caused by the removal of the subsidy as a campaign issue, while the government defends the reforms as necessary for fiscal stability and attracting investment.
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