Atiku not proposing return to old fuel subsidy racket – Aide
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…
Phrank Shaibu, the Senior Special Assistant on Public Communication for Atiku Abubakar, the presidential candidate of the African Democratic Congress (ADC), has clarified that Atiku is not proposing a return to the old fuel import subsidy scheme. In a Facebook live session, Atiku had expressed his intention to restore the fuel subsidy regime if elected president in 2027.
Shaibu addressed this in a recent post on X, stating that Atiku's proposal is distinct from the previous subsidy arrangement. He emphasized that Atiku is advocating for a targeted, capped, and audited subsidy specifically for domestic production, aiming to bolster Nigerian refining rather than foreign imports and middlemen. This clarification highlights a significant shift in the economic discourse, focusing on a strategic support for Nigerian production and job creation rather than merely subsidizing imports and consumption.
Written by urgent.news from Daily Post Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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