HomePoliticsAtiku’s fuel subsidy plan impracticable, financially unsustainable — Tinubu’s aide

Atiku’s fuel subsidy plan impracticable, financially unsustainable — Tinubu’s aide

Date:

Related stories

EPL: Arsenal begin title defence with 3-0 win over Coventry

Arsenal began their Premier League title defence in impressive...

Tinubu suspends three permanent secretaries over alleged fake agency in SGF office

President Bola Tinubu has ordered the immediate arrest of...

Toyin Abraham reveals husband threatened to leave her over smoking habit

Nollywood actress Toyin Abraham has revealed that her husband,...

Edo: ‘We don’t want to see you’ — Gov’s aide warns Davido

The Senior Special Assistant on Digital Media to Edo...

Osun election: Adeleke urges unity, commiserates with families of violence victims

Osun State Governor, Ademola Adeleke, has called on residents...
spot_imgspot_img

A presidential aide, Bayo Onanuga, has criticised former Vice President Atiku Abubakar’s proposal to restore fuel subsidy if elected president in 2027.

Onanuga described the proposal as impracticable and financially unsustainable, arguing that bringing back the subsidy would place additional pressure on the country’s finances.

Atiku, who is the presidential candidate of the African Democratic Congress (ADC), had said he would consider restoring the subsidy if elected president.

Responding to the proposal, Onanuga said the policy would reverse the economic reforms introduced by President Bola Tinubu’s administration.

He argued that the removal of the subsidy was necessary to reduce government expenditure and redirect public resources towards other areas of the economy.

The presidential aide maintained that returning to the subsidy regime would create additional financial obligations for the Federal Government and undermine efforts to strengthen the economy.

He also questioned the sustainability of using public funds to subsidise petroleum consumption, arguing that the resources could be better deployed to infrastructure and social services.

Atiku has, however, maintained that the subsidy removal has increased the economic burden on Nigerians and argued that the government should reconsider policies that have contributed to rising living costs.

The disagreement comes as political parties and presidential aspirants intensify preparations for the 2027 general election, with economic policies expected to feature prominently in the campaigns.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

spot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here