IMPI: FG’s fuel price plan differs from Atiku’s subsidy proposal

The Independent Media and Policy Initiative (IMPI) has dismissed claims that the Federal Government’s fuel price modulation plan amounts to a return to subsidy, insisting that the policy is fundamentally different from the production subsidy proposed by former Vice President Atiku Abubakar.
The policy think tank said the government’s 30-day fuel discount at Nigerian National Petroleum Company Limited (NNPCL) retail outlets and its price modulation mechanism were designed to cushion Nigerians against global oil price shocks without imposing additional pressure on public finances.
In a policy statement signed by its Chairman, Dr Omoniyi Akinsiju, IMPI argued that the measures should not...