‘Dangote Refinery warning vindicates my production subsidy proposal’ – Atiku

Former Vice President Atiku Abubakar has stated that concerns raised by Dangote Refinery over government-imposed petrol prices have validated his proposal for a production-based fuel subsidy. Atiku argues that his proposal aims to reduce the cost of crude feedstock for Nigerian refineries, rather than forcing them to sell fuel below cost.

He emphasizes that the subsidy would be capped, independently verified, and electronically tracked, with domestic supply obligations and regular audits. Atiku rejects the notion that protecting consumers from high fuel prices must come at the expense of refinery profitability, arguing that a competent government should be able to support both producers and consumers.

Brief written by urgent.news from Daily Post Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.