Atiku outlines framework for domestic fuel subsidy
Former VP Atiku Abubakar outlines his proposed production subsidy model for domestic refineries, aiming to lower fuel costs without forcing them to sell at Read More: https://punchng.com/atiku-outlines-framework-for-domestic-fuel-subsidy/
Former Vice President Atiku Abubakar has outlined a framework for a domestic fuel subsidy model, which he claims vindicates his proposal against government-imposed petrol prices. Atiku's proposal is a production subsidy model, not an import subsidy model, and it aims to reduce the cost of crude feedstock for Nigerian refineries, allowing them to produce petrol at a lower cost.
He emphasized that the government should support domestic refining rather than forcing private refiners to sell petrol below cost, which could be economically destructive and unfair to investors.
Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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