2027: Atiku’s subsidy proposal is economic illiteracy — Presidency

The Presidency has rejected former Vice President Atiku Abubakar’s proposal for a targeted production subsidy on petrol, arguing that Nigeria lacks sufficient uncommitted crude oil reserves to sustain the scheme.
Special Adviser to President Bola Tinubu on Media and Public Communications, Sunday Dare, stated the position in a statement issued on Sunday titled “Atiku’s Demagoguery in the Face of Tinubu’s Logical Policies.”
Dare criticised Atiku, the African Democratic Congress (ADC) presidential candidate, over his recent press conference in Abuja, describing his comments as politically motivated and lacking sufficient economic justification.
Atiku had faulted the 30-day petrol disco...