Petrol price discount: Apologise to Nigerians – Timi Frank tells Tinubu

The African Democratic Congress, ADC, has asserted that President Bola Tinubu's administration is responding to both Nigerians and the party's presidential contender, Atiku Abubakar. This response follows the announcement by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, of a 30-day fuel price reduction at Nigerian National Petroleum Company Limited (NNPCL) filling stations.

Atiku commented on the discount, characterizing it as a panic-driven publicity stunt, and argued that it is merely a temporary and desperate measure that cannot rectify the harm done by the excessive fuel cost. ADC National Publicity Secretary, Bolaji Abdullahi, advocated for supporting local refineries to produce fuel locally instead of selling crude to them in dollars first and then importing it back.

He urged Atiku Abubakar to sell crude outright to local refineries in naira and forgo any necessary costs to ensure fuel delivery to Nigerians. Abdullahi also noted that Atiku had previously stated his intention to remove the fuel subsidy, but now claims he would reintroduce it.