Showunmi: Atiku’s Subsidy Proposal Will Take Nigeria Back to Egypt
The Chief Promoter of the Alternative Movement, Otunba Segun Showunmi, on Saturday criticised former Vice-President Atiku Abubakar’s proposal to restore petrol subsidy, saying such a policy would amount to taking Nigeria “back to Egypt.” Atiku, the African Democratic Congress (ADC) presidential candidate for the 2027 election, has said he would restore petrol subsidy if elected, […]
Otunba Segun Showunmi, a proponent of the Alternative Movement, harshly criticized former Vice-President Atiku Abubakar's proposal to reinstate petrol subsidy, alleging it would "take Nigeria back to Egypt." In contrast to Atiku's stance, Showunmi defended the current administration's economic policies under President Bola Tinubu.
The Alternative Movement leader contended that Nigeria had already experimented with subsidies since 1973, and despite this, the country has yet to reap any benefits. He questioned the economic viability of the subsidy, lamenting the inability of government entities to maintain refineries for extended periods. Showunmi expressed his unyielding support for Tinubu's economic direction, emphasizing that sustained government revenues across all tiers of governance signaled a positive trend.
Furthermore, he advocated for continuity in governance, cautioning against the disruptive effects of frequent leadership changes. Showunmi also mobilized grassroots supporters ahead of the 2027 election, stressing his commitment to grassroots politics. He dismissed the opposition from politicians in the South, asserting that Tinubu's re-election was inevitable.
Finally, he implored Yoruba voters to support Tinubu, cautioning against a scenario where the North would yield more votes than the South-West.
Written by urgent.news from Daily Trust's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
