Atiku Abubakar Condemns Tinubu Administration for Secretly Reinstating Fuel Subsidies.
Former Vice President and presidential candidate of the People’s Democratic Party (PDP) in the 2023 election, Atiku Abubakar, has criticised the administration of Bola Ahmed Tinubu for secretly reinstating fuel subsidies, despite publicly claiming to have abolished them.
Atiku’s condemnation follows the federal government’s announcement of plans to spend N5.4 trillion on fuel subsidies in 2024, a significant increase from the N3.6 trillion spent in 2023.
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In a statement released on social media, Atiku expressed shock and disappointment at what he described as government deception. He asserted that Nigerians deserve better than “trial-and-error economic policies” and dishonesty regarding subsidy payments.
Atiku called on the government to provide clarity on the subsidy regime, including fiscal commitments and benefits, and to be transparent about the impact on the Federation Accounts.
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He stated, “President Bola Tinubu, at his inauguration on May 29, 2023, announced the abolishment of the subsidy on PMS, popularly known as fuel. Ever since, it has been a bragging right of Tinubu and officials of his administration.
“I had in my statement reviewing the one year of the Bola Tinubu administration urged the government to come clean on the actual position of the subsidy policy. These were my exact words: ‘…provide clarity on the fuel subsidy regime, including the fiscal commitments and benefits from the fuel subsidy reform and the impact of this on the Federation Accounts.
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It is curious that since April 2024, fuel queues have mounted at many filling stations across Nigeria, and the infamous ‘black market’ has sprouted in several states. How much PMS is being imported and distributed, and at what cost? What is the implicit subsidy?’
“If the subsidy regime had been characterised by opaqueness, what would we say of a situation where the subsidy is still being paid under the cover without Nigerians in the know?”
Atiku’s statement responds to the government’s recent admission that fuel subsidy expenditure is projected to reach N5.4 trillion by the end of 2024, despite claims of abolishing the subsidy regime in May 2023.
Politics Nigeria reports that the government’s Accelerated Stabilization and Advancement Plan revealed that the subsidy bill averages N450 billion monthly.
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