Former Vice President Atiku Abubakar and President Bola Tinubu
Special Adviser to President Bola Tinubu on Media and Public Communication, Sunday Dare, has criticised the proposal by the presidential candidate of the African Democratic Congress, Atiku Abubakar, to subsidise crude oil supplied to local refineries.
Dare said the proposal would create fiscal and market distortions.
He argued that selling federation crude to local refineries at preferential prices would reduce government revenue.
The presidential aide stated this in a post on his X handle on Wednesday while reacting to Atiku’s position on restoring fuel subsidy if elected president in 2027.
