Subsidy: You are inordinately ambitious – Showunmi blasts Atiku
Convener of The Alternative, Otunba Segun Showunmi, has criticised former Vice President Atiku Abubakar’s proposal to restore petrol subsidy, describing it as overtly and inordinately ambitious. Showunmi said Nigeria would never return to Egypt, insisting that subsidy has failed. Recall that Atiku, presidential candidate of the African Democratic Congress, ADC, for the 2027 election, had […]…
Otunba Segun Showunmi, chairman of The Alternative, has vehemently criticized former Vice President Atiku Abubakar's proposal to reintroduce petrol subsidy in Nigeria, branding it "inordinately ambitious." Showunmi argued that Nigeria has attempted subsidies since 1973 and has consistently seen negative outcomes. He emphasized that the failure of subsidy led Nigeria away from Egypt, insisting that the country would not return to the failed system.
Atiku, who is running for president in 2027 as the candidate of the African Democratic Congress, had advocated for the restoration of petrol subsidy, asserting that it would benefit citizens by utilizing the country's resources. However, Showunmi rejected the idea and defended President Bola Tinubu's economic direction, asserting that recent policies have improved government revenues at the local, state, and federal levels.
Showunmi emphasized the importance of continuity in governance, stating that governments require sufficient time to implement long-term policies. He dismissed the concerns of some southern politicians opposing Tinubu, warning them that attempting to challenge the president would be a waste of resources. Showunmi urged Yoruba voters to support Tinubu and prevent the North from garnering more votes in the upcoming election.
Written by urgent.news from Daily Post Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
