Atiku Abubakar Proposes Fuel Subsidy Plan for Nigeria

Atiku Abubakar, the 2027 presidential candidate of the African Democratic Congress (ADC), announced a strategic plan to enhance economic affordability in Nigeria through a capped production subsidy for fuel refined within the country. During a world press conference on October 1, marking Nigeria's 66th Independence Anniversary, he stated that the subsidy would not apply to imported petrol and would be designed to lower pump prices for consumers.

To ensure transparency, Atiku emphasized that all costs and payments related to the subsidy would undergo independent audits. He also criticized the current administration, urging President Tinubu to publish details regarding promised lower transportation fares, including routes and beneficiary numbers.

Atiku highlighted Nigeria's public debt of N166.79 trillion as of June and called for accountability before any further borrowing, insisting that the government must disclose project costs and beneficiaries.