Atiku and The Subsidy Card
Olusegun Adeniyi While campaigning for the Peoples Democratic Party (PDP) presidential ticket in the recently concluded 2011 general election, former Vice President Atiku Abubakar came up with what I considered the most fundamental statement I have heard
Former Vice President Atiku Abubakar's pledge to finance recurrent expenditure with non-oil revenue and use oil income for investment in infrastructure, security, education, and health marked a significant approach during his 2011 presidential campaign. He argued that oil revenue is volatile and should be wisely utilized for future growth rather than consumed today.
Atiku also proposed encouraging state governments to reduce dependence on oil revenue for recurrent expenditure. Following his election and Tinubu's removal of fuel subsidy in 2023, Atiku has reintroduced his previous position, which has gained popularity among Nigerians. Despite the contradiction with earlier stances, Atiku's approach can be seen as playing to the crowd and tapping into popular sentiment.
Written by urgent.news from This Day's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
