Atiku Unveils New Plan to Cut Fuel Prices

The presidential candidate of the African Democratic Congress (ADC), Atiku Abubakar, has unveiled a new petroleum subsidy model that would shift government support from fuel imports to domestic refining.
Atiku said the proposed model under his Atiku Economic Recovery Plan (AERP) 2027 would target domestic production, cap government spending, track subsidised crude from allocation to the point of sale and subject the entire process to independent audits.
The proposal was contained in a statement issued on Thursday by his Senior Special Assistant on Public Communication, Phrank Shaibu.
Atiku said his plan was not a return to Nigeria’s former opaque petrol subsidy regime, but a structu...