Fuel subsidy: For three years, Nigerians have been told to endure
Atiku says the plan would support Nigerian crude processing with capped aid, audits and electronic monitoring, while keeping refineries profitable and prices lower.
- On Friday, Former Vice President Atiku Abubakar accused President Bola Ahmed Tinubu's administration of distorting his fuel subsidy proposal into a campaign strategy, with the statement issued through spokesperson Phrank Shaibu.
- Unlike previous import-focused systems, Atiku proposed a production subsidy model targeting crude refined in Nigeria to lower fuel costs for Nigerians while strengthening domestic refineries and creating jobs.
- Atiku argued that Dangote Refinery was right to reject government-imposed prices, stating private operators cannot be forced to absorb losses; the government must explicitly fund any additional consumer relief.
- Citing three years of economic hardship, the Former Vice President criticized the administration for applying double standards, granting waivers to powerful interests while resisting fuel-cost relief for ordinary Nigerians.
- Atiku proposed safeguards including independent verification, electronic monitoring, and fiscal ceilings to prevent fraud, urging the Presidency to debate the proposal's substance rather than attacking what he called a fictional version.
16 Articles
16 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
Presidency knocks Atiku’s refinery subsidy proposal, cites Obasanjo-era failure - TV360 Nigeria
Tinubu aide says similar policy was tested under Obasanjo and abandoned after refinery output slumped…. The Presidency has challenged former Vice-President Atiku Abubakar’s proposal for the government to subsidise crude supplied to local refineries, arguing that a similar policy was attempted during his time in office and produced poor results. Otega Ogra, Senior Special Assistant …
Atiku vows to restore fuel subsidy through local refining, says Nigerians will pay less
Former Vice President, Atiku Abubakar, has pledged to restore fuel subsidy through support for locally refined petroleum products, insisting that the policy would reduce transportation costs, ease food prices and improve the standard of living of Nigerians. In a post shared on his X account on Friday, Atiku said his
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
