APC challenges Atiku to explain legal, fiscal basis of petrol subsidy proposal

The All Progressives Congress (APC) has raised concerns over the legal basis of the proposed petrol subsidy plan by the presidential candidate of the African Democratic Congress (ADC), Atiku Abubakar. According to the APC, Atiku's plan lacks a clear legal framework and may fail to reduce fuel prices for Nigerians. The APC-PCC questioned how the proposed subsidy would guarantee lower pump prices if refiners were not legally required to sell fuel at a fixed price.

They also asked Atiku to explain the cost of the subsidy and where the money would come from, warning that it could reduce revenue shared by the Federal Government, state governments, and local governments if it involved selling crude oil to local refineries at discounted prices. The APC-PCC emphasized that any intervention in the downstream petroleum sector must be lawful, transparent, and properly costed, urging Atiku to publish a detailed policy document and an independent legal and fiscal analysis.

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.