The African Democratic Congress presidential candidate in the 2027 election, Atiku Abubakar, on Thursday, came under vitriolic attacks over his plan to restore petrol subsidy if he wins the 2027 presidential election.
While the Presidency and the Organised Private Sector faulted the proposed policy reversal, the Nigeria Labour Congress was divided over Atiku’s plan to restore the petrol subsidy, which President Bola Tinubu removed during his inaugural address in May 2023.
Meanwhile, in the run-up to the 2023 presidential election, Atiku, then the Peoples Democratic Party candidate, had pledged to remove petrol subsidy within 100 days in office if he won the election.
Under his latest proposal contained in his Atiku Economic Recovery Plan 2027, the ex-vice president said his government would provide qualifying Nigerian refineries with crude oil at preferential prices, but only under strict conditions designed to ensure that the benefit reaches consumers.
He noted that the new petroleum subsidy model would shift government support from imported fuel to locally refined products.
