
Experts debate former Vice President Atiku Abubakar's petrol subsidy proposal amid economic hardship
Energy experts and economists have weighed in on former Vice President Atiku Abubakar's proposal to review Nigeria's petrol subsidy policy, urging President Bola Tinubu to implement targeted measures to alleviate economic hardship. While acknowledging the necessity of subsidy removal, many experts argue that the Federal Government has not adequately managed its consequences, leading to increased costs for petrol, transportation, food, and other essential goods. Atiku, the presidential candidate of the African Democratic Congress, suggested a targeted, capped, budgeted, time-bound, and independently audited subsidy if elected in 2027, aiming to support domestic production and protect consumers from price shocks. His plan includes providing qualifying Nigerian refineries with domestic crude at preferential prices, subject to strict conditions. This proposal has sparked debate, with the Federal Government and the All Progressives Congress APC opposing it, citing concerns about corruption and fiscal burden. Information Minister Mohammed Idris stated that subsidy removal has generated N15.8tn in savings for the Federation between June 2023 and December 2025, distributed among the three tiers of government, and has supported investments in infrastructure and social programs. However, experts like Olatide Jeremiah, CEO of Petroleumprice.ng, believe Atiku's model is workable, given the high petrol prices and widespread poverty. Energy expert Dan Kunle suggested that while subsidy rem



