{
  "id": 3491236,
  "title": "Why Atiku’s subsidy plan is flawed – Tinubu’s aide",
  "url": "https://urgent.news/2026/08/26/why-atikus-subsidy-plan-is-flawed-tinubus-aide",
  "topic": "world",
  "section": "World",
  "published": "2026-08-26T11:04:16.000Z",
  "source": {
    "name": "Punch Nigeria",
    "slug": "punch-nigeria",
    "url": "https://punchng.com/why-atikus-subsidy-plan-is-flawed-tinubus-aide/"
  },
  "original_language": "en",
  "account": "Sunday Dare, President Bola Tinubu's Special Adviser on Media and Public Communication, has criticized presidential candidate of the African Democratic Congress, Atiku Abubakar's proposal to subsidize crude oil for local refineries. Dare argued that such a subsidy would create fiscal and market distortions, reducing government revenue and leading to an immediate fiscal hole in the Federation Account. Atiku's plan involves selling federation crude to local refiners at preferential prices, which Dare warned could create artificial monopolies, destabilize smaller indigenous modular refiners, and violate deregulatory provisions of the Petroleum Industry Act. Dare also warned that such a regime could reinstate fuel smuggling between Nigeria and neighboring West African markets. Atiku has reiterated his support for the proposal, stating that Nigeria is rich enough to care for its citizens' welfare.",
  "summary": "Tinubu’s aide criticises Atiku’s proposal to subsidise crude oil for local refineries, warning of fiscal holes and market distortions. Read More: https://punchng.com/why-atikus-subsidy-plan-is-flawed-tinubus-aide/",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Daily Trust",
        "title": "Atiku doubles down on restoring fuel subsidy",
        "url": "https://urgent.news/2026/08/26/atiku-doubles-down-on-restoring-fuel-subsidy",
        "published": "2026-08-26T05:17:33.000Z"
      },
      {
        "outlet": "Daily Post Nigeria",
        "title": "‘I’ll make naira stronger’ – Atiku insists on restoring fuel subsidy",
        "url": "https://urgent.news/2026/08/26/ill-make-naira-stronger-atiku-insists-on-restoring-fuel-subsidy",
        "published": "2026-08-26T05:37:01.000Z"
      },
      {
        "outlet": "Punch",
        "title": "Why Atiku’s subsidy plan is flawed – Tinubu’s aide",
        "url": "https://urgent.news/2026/08/26/why-atikus-subsidy-plan-is-flawed-tinubus-aide-3499860",
        "published": "2026-08-26T11:45:51.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}