Atiku Abubakar Promises Fuel Price Cuts with Subsidy Plan

Atiku Abubakar, the presidential candidate for the African Democratic Congress (ADC), has committed to significantly lowering fuel prices by introducing a local refinery subsidy if he wins the presidency in the 2027 general elections. He made this announcement during a world press conference held at his residence in Abuja.

Atiku's promise comes amid rising fuel prices, which have reached N1,400 per litre. He stated that starting from May 29, 2027, he would implement a transparent production subsidy for petroleum products that are refined in Nigeria and sold domestically.

This subsidy program would only apply to products confirmed to be refined in Nigeria, excluding imported products. Atiku emphasized that the initiative would include a fixed spending limit, require National Assembly approval, and undergo independent audits to ensure transparency and effectiveness.