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ADC Critiques Tinubu's 30-Day Petrol Discount Plan

ADC Critiques Tinubu's 30-Day Petrol Discount Plan

The African Democratic Congress (ADC) has criticized the Federal Government's proposed 30-day petrol discount, stating that it is an arrangement where Nigerians will ultimately bear the costs that suppliers currently absorb. Mallam Bolaji Abdullahi, the party's National Publicity Secretary, expressed this view in Abuja on Friday.

He explained that the proposal operates on the principle of deferred payment, asserting that what suppliers forgo today will be paid by Nigerians later. Abdullahi emphasized that this is not a subsidy, as a postponed payment is still a payment owed.

He further criticized the separate 30-day waiver of the Nigerian National Petroleum Company Limited’s retail profit margin, arguing that it does not address the ongoing cost-of-living crisis. He pointed out that food bills and transport fares will not disappear after the 30 days, and that Nigerians require lasting relief, rather than temporary measures that ultimately shift the burden back onto them.

Plus234Feed summary based on reporting from Nigerian Tribune. Read the original report below.

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