Praise Isioye
Atiku Abubakar, the presidential candidate of the African Democratic Congress (ADC), has once again promised to reinstate the petrol subsidy if he wins the presidency in 2027. He believes this policy will make life easier and more affordable for Nigerians.
Atiku shared his thoughts in a post on X on Monday, along with a campaign video that outlines his plan for petrol subsidies.
“My position stands! I will restore the subsidy to help make life easier and more affordable for Nigerians,” wrote the former Vice-President.
In the video, a female narrator mentioned that petrol prices in Nigeria exceeded ₦1,300 per litre. She pointed out that citizens of other oil-producing nations like Libya, Iran, Venezuela, Kuwait, and Saudi Arabia pay less for fuel.
The narrator explained that Atiku’s plan would focus on supporting petrol made by local refineries instead of imported fuel.
The video also included Atiku saying, “My stance has not changed and will not change. I will restore it.”
It noted that this proposed plan would assist domestic refining until the industry can stand on its own without government support.
Atiku’s recent comments come as discussions continue about President Bola Tinubu’s decision to eliminate the petrol subsidy in May 2023.
Tinubu introduced the policy during his inauguration, stating that the government could no longer afford the increasing costs of subsidies. He said the savings would be used for infrastructure, education, healthcare, and job creation.
Atiku has often criticized the effects of this policy and included restoring it in his promises for the 2027 campaign.
During the ADC presidential campaign kickoff in Sokoto on November 4, he promised to bring back the fuel subsidy, reopen the country’s land borders for legal trade, and address security issues if he wins.
The presidential election is set for January 16, while the Independent National Electoral Commission has scheduled governorship and State Houses of Assembly elections for February 6.
Atiku won the ADC presidential nomination in May as he seeks to run for president for the seventh time.
However, on November 5, a Federal High Court in Abuja canceled his nomination along with decisions made by David Mark’s leadership of the party.
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