Fuel subsidy: For three years, Nigerians have been told to endure
Atiku says the plan would cut crude costs for Nigerian refineries while using safeguards to prevent fraud and keep private producers profitable.
- On Friday, Former Vice President Atiku Abubakar clarified his production subsidy proposal via Senior Special Assistant Phrank Shaibu, aiming to lower fuel costs for Nigerians by supporting domestic refining rather than subsidizing importers.
- Atiku argued that his model differs from import-focused systems by tying support to crude processed domestically, helping Nigerian refineries produce competitively while reducing the economic burden on businesses.
- Addressing concerns from Dangote Refinery regarding pump-price controls, Atiku stated his proposal would not force producers to sell below cost, affirming that legitimate business concerns raised by Dangote should not be distorted.
- The Tinubu administration has allegedly misrepresented his proposal to discredit the initiative, prompting Atiku to urge The Presidency to debate the substance rather than, in his words, "inventing a policy" for him.
- Rejecting the trade-off between refinery profits and affordable prices, he insisted that if The Presidency seeks additional consumer relief beyond production savings, the government must openly fund that Intervention directly.
12 Articles
12 Articles
Atiku backs Dangote, says subsidy proposal only for local refineries
By Omeiza Ajayi ABUJA: Former Vice President Atiku Abubakar has thrown his weight behind Dangote Refinery’s warning against arbitrary pump-price controls, insisting that his proposed production subsidy would protect Nigerian refineries and reduce domestic production costs without forcing them to sell at a loss. In a statement issued by his Senior Special Assistant on Public […]
Fuel subsidy: For three years, Nigerians have been told to endure
Former Vice President Atiku Abubakar has accused the Tinubu administration of applying double standards in its approach to government intervention in the economy, arguing that support for domestic fuel production should not be treated differently from tax waivers and incentives granted to businesses. Atiku, in a statement issued by his Senior Special Assistant on Public […] Fuel subsidy: For three years, Nigerians have been told to endure – Atiku
Atiku Proposes Crude Subsidy for Local Refineries to Cut Petrol Prices, Presidency Pushes Back
. . ABUJA, Nigeria (September 11, 2026) — Former Vice President Atiku Abubakar has proposed subsidising crude oil supplied to Nigerian refineries as a way to lower petrol prices if he wins the 2027 presidential election, framing the plan as a production-side alternative to the consumption subsidy scrapped by President Bola Tinubu’s administration in 2023. […]
I’ll replace fuel import subsidy with production subsidy – Atiku - NewsTmes.com.ng
ADC Presidential candidate Atiku Abubakar has defended his proposal to reintroduce fuel subsidy, insisting that his plan is fundamentally different from the subsidy system that encouraged dependence on imported petrol.In a statement posted on his official X account, Atiku said his proposed production subsidy would support locally refined crude, reduce the cost of fuel production … The post I’ll replace fuel import subsidy with production subsidy…
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