ADC Defends Atiku’s Subsidy Plan, Says Nigerians Deserve Cheaper Fuel
• Okogwu canvasses BVN-linked payments, digital tracking •Olawepo-Hashim: N605 petrol only first step to affordable energy Chuks Okocha and Sunday Aborisade in Abuja The African Democratic Congress (ADC) has defended
The African Democratic Congress (ADC) has defended presidential candidate Atiku Abubakar's plan to reintroduce a controlled petrol subsidy in 2027, arguing that it would be distinct from previous opaque subsidy regimes. This comes after criticism from the presidency regarding the proposal to reduce petrol prices to around N600 per litre.
ADC National Publicity Secretary Bolaji Abdullahi emphasized that the policy would benefit Nigerians by supporting domestic refineries, reducing petroleum imports, and enhancing energy security. The party challenged the presidency's use of a $40-per-barrel subsidy figure and questioned why fiscal incentives for offshore oil production are accepted but not for domestic refineries.
ADC National Leader Dr Chike Okogwu emphasized the need for a transparent, technology-driven fuel price stabilisation system over the return to the old subsidy architecture, stressing that the problem lies in the design, administration, and abuse of the existing system.
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