Presidency tackles Atiku for saying he'll restore fuel subsidy
The Nigerian presidency has publicly criticized former Vice President Atiku Abubakar for proposing the restoration of fuel subsidies. The government argues that the policy is fiscally irresponsible and contradicts Abubakar's previous economic stances.
Why it matters
Fuel subsidy policy is a highly contentious economic issue in Nigeria that directly impacts inflation and government fiscal health.
The presidency has criticised ex-Vice President Atiku Abubakar for saying he would restore some form of petrol subsidy if elected president next year.
Presidential spokesman Bayo Onanuga accused Atiku of being “desperate for power” by reversing his stance on subsidy removal, having been a proponent before the 2023 general elections.
“Even though he used to believe that the subsidy regime must be eliminated, a point he canvassed in the run-up to his defeat in the 2023 election, he has now opportunistically recanted the major plank of his economic doctrine and turned a renegade,” he wrote.
PREMIUM TIMES reported that Atiku clarified his stance in an interview on Wednesday.
Alhaji Atiku Abubakar, former Vice President and perennial candidate for the presidency of Nigeria, has finally revealed his economic plans to Nigerians, should he be elected as President by January next year.
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