Atiku pledges to restore petrol subsidy in Nigeria
By the AFREEQUE newsroom, based on Punch
ADC candidate Atiku Abubakar reaffirms that he will restore the petrol subsidy if elected in 2027, to make life cheaper for Nigerians. According to a campaign video reported by Punch, the measure would apply only to petrol produced by local refineries, until the sector can operate without public aid.
Atiku Abubakar, candidate of the African Democratic Congress (ADC) party in the 2027 presidential election, reaffirms his pledge to restore the petrol subsidy if elected. In a message posted on X on Monday, he wrote: « My position stands! I will restore the subsidy to make life easier and more affordable for Nigerians », according to the newspaper Punch.
In a campaign video, the subsidy would apply only to petrol produced by local refineries. A litre costs more than 1,300 naira in Nigeria, while oil-producing countries such as Libya, Iran, Venezuela, Kuwait and Saudi Arabia have lower prices. The subsidy was removed by President Bola Tinubu in May 2023. The scheme would support domestic refining until the sector operates without public aid.
This position comes after a federal court in Abuja invalidated, on 5 November, his designation as the party’s candidate. The ADC has appealed and requested a stay of execution.
