Atiku faults Tinubu government's account of subsidy savings, debt
Former Nigerian Vice-President Atiku Abubakar has criticized the Tinubu administration's economic management, specifically disputing claims regarding fuel subsidy savings and debt reduction. He argues that the government has increased its debt exposure to the Central Bank of Nigeria rather than paying it down.
Why it matters
This highlights ongoing political and economic tensions in Nigeria regarding fiscal policy and the transparency of government debt management.
FORMER Vice-President Atiku Abubakar has challenged key economic claims made by the Federal Government on fuel subsidy savings, public debt, workers’ welfare and education funding, arguing that official records contradict the administration’s narrative.
Abubakar, the presidential candidate of the African Democratic Congress (ADC) in the 2027 poll, made the remarks in a statement issued on Sunday, August 2, by his spokesman, Phrank Shaibu.
The statement was in response to recent comments by the former Chairman of the Presidential Fiscal Policy and Tax Reforms Committee and the current Finance Minister, Taiwo Oyedele, who defended the Tinubu administration’s economic policies.
The former vice-president argued that the government’s claim that savings from the removal of petrol subsidy were being used to reduce inherited liabilities was inconsistent with figures released by the Central Bank of Nigeria (CBN).
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