Subsidy: You can’t operate two economies, Atiku tells Tinubu
Former Vice President Atiku Abubakar has described President Bola Tinubu’s celebration of subsidy removal as one of the biggest economic frauds being sold to Nigerians, saying the administration cannot claim to have abolished subsidy while granting tax credits, concessions and other fiscal incentives to operators in the same petroleum industry. Atiku said Tinubu and his […]
Former Vice President Atiku Abubakar has criticized President Bola Tinubu's celebration of subsidy removal as an economic fraud, claiming that the government cannot claim to have abolished subsidy while still providing tax credits, concessions, and other fiscal incentives to operators in the petroleum industry. Atiku claims that Tinubu and his administration have become desperate since unveiling the Atiku Economic Recovery Plan, attacking any suggestion of targeted intervention as if the removal of petrol subsidy alone were an economic achievement.
He points out the inconsistencies in the government's policies, noting that while they claim to have abolished subsidy, the NNPC's audited accounts show that the government is still absorbing a price differential, indicating that the subsidy has not been fully removed.
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