Duke: Petrol Should Cost N200, Critiques Subsidy Debate
Donald Duke, the presidential candidate of the Peoples Redemption Party (PRP), criticized the current debate on petrol subsidy involving President Bola Tinubu, former Vice President Atiku Abubakar, and former Anambra State Governor Peter Obi. Duke stated that petrol could be priced at approximately N200 per litre if Nigeria effectively utilized its crude oil resources and the various products derived from it.
He labeled the fuel subsidy controversy as a “scam,” arguing that the country’s crude oil and its by-products should lead to significantly lower petrol prices. Duke pointed out that Tinubu removed the petrol subsidy in May 2023, citing its unsustainability, while Atiku proposed a targeted subsidy and Obi called for transparency in savings from subsidy removal.
Duke also criticized Nigeria's energy management, highlighting the flaring of natural gas and the need for political will to exploit the country's energy resources effectively.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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