Showunmi: Atiku’s Subsidy Proposal Will Take Nigeria Back to Egypt
•Launches mobilisation programme to support Tinubu’s re-election bid James Sowole in Abeokuta The Chief Promoter of the Alternative Movement, Otunba Segun Showunmi, yesterday criticised former Vice-President Atiku Abubakar’s proposal to
Otunba Segun Showunmi, the Chief Promoter of the Alternative Movement, expressed strong opposition to former Vice-President Atiku Abubakar's proposal to reintroduce petrol subsidy in Nigeria. During a sensitisation and mobilisation programme in Abeokuta, Showunmi criticized the idea, stating that restoring the subsidy would "take Nigeria back to Egypt."
Atiku, the ADC presidential candidate for the 2027 election, has suggested the policy to benefit Nigerians, arguing that the removal of subsidies has worsened living conditions. Showunmi defended the current administration's economic direction, emphasizing that Nigeria has tried subsidies since 1973 without success. He argued that the lack of progress in refinery repair and the presence of private sector refineries prove the policy's failure.
Showunmi also stressed the importance of continuity in governance, warning against frequent changes in leadership that could hinder long-term economic policy implementation.
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