Makinde Proposes Domestic Crude Pricing Over Subsidy

On Monday, Seyi Makinde, the Oyo State Governor and presidential candidate of the Allied Peoples Movement, rejected the notion of reinstating fuel subsidies during the commissioning of the APM presidential campaign office in Abuja. He proposed that domestic crude oil supplied to Nigerian refineries should be priced to reflect Nigeria's status as an oil-producing nation, rather than being priced as if the country does not produce crude oil.

Makinde's stance comes in light of former Vice-President Atiku Abubakar's recent pledge to restore fuel subsidies if elected in the 2027 elections, a proposal that has received mixed reactions. Makinde emphasized that Nigerians should benefit directly from the country's oil resources and called for transparency in the pricing framework, stating that the final price of petrol should be clear to consumers.

He articulated that the Reset Nigeria agenda aims to engage Nigerians in discussions about the future of the country and how to ensure that oil resources provide measurable benefits to citizens.