Atiku insists he'll restore petrol subsidy if elected 2027 president, targeting domestic production
ADC presidential candidate Atiku Abubakar clarified Tuesday that he will restore petrol subsidy if elected in 2027, disowning comments by his aide Paul Ibe suggesting eventual phase-out. Speaking to Osun State ADC leaders in Abuja, Atiku stated his position remains unchanged: 'I will restore it!' to reduce living costs and restore Nigerians' purchasing power, emphasizing wages, farming, and business viability.
Atiku specified the intervention would target domestic refining and production—not a return to the former import subsidy regime—and would be reduced as local capacity expands and supply stabilizes. Senior Special Assistant Phrank Shaibu detailed the proposal as targeted, capped, transparently budgeted, and independently audited, likening it to temporary scaffolding removed once the market sustains affordable prices without government support.
This comes three years after President Tinubu removed petrol subsidy on May 29, 2023, triggering sharp price increases and higher living costs, which the FG claims saved Nigeria from bankruptcy. Atiku's camp argues his approach avoids past leakages by focusing on domestic production. With fuel prices currently impacting household budgets and transport costs nationwide, will Atiku's subsidy restoration proposal influence your 2027 presidential vote based on its potential effect on your daily expenses?