Home Business Energy Atiku shifts ground, says reinstating subsidy’ll depend on situation met
Energy

Atiku shifts ground, says reinstating subsidy’ll depend on situation met

Share
Share

Alhaji Atiku Abubakar, former Vice President and  Presidential Candidate of the African Democratic Congress(ADC), has said that reinstating fuel subsidy would depend on the situation on ground when he becomes President.

Abubakar, who stated this in a BBC interview monitored by the News Agency of Nigeria(NAN), opined that it was “not good” to remove the entire subsidy at the same time.

The ADC candidate’s new position on the matter represents a significant shift from his initial promise to restore full subsidy immediately he is sworn in, if he clinches the presidential seat in the 2027 election.

He said that a 100 per cent “sudden withdrawal” of fuel subsidy was not right, and opined that such a measure should rather be gradual.

He also stressed the need for consultation before such a decision could be taken.

“We shall meet with the people and examine the situation together. It shall be gradual. Certainly not 100 per cent as done by the current administration,” he said.

According to him, a sudden reinstatement will be like jumping into darkness because “one does not know the facts on the ground”.

(NAN)

Share
Related Articles

NNPC Retail Unveils First Smart Self-Service Station in Abuja

Customers in Abuja can now enjoy a more convenient and technology-enabled fuelling...

NNPC Ltd Reports NGN7.91tn Statutory Payments, 100% Pipeline Availability

NNPC Limited Delivers NGN7,913 Billion in Statutory Payments, Sustains 100% Upstream Pipeline...

Presidency Slams Atiku Over Unclear Fuel Subsidy Proposal

The Presidency on Wednesday criticized former Vice-President Atiku Abubakar over what it...

President Tinubu Urges NLNG to End Gas Flaring for Local Economic Benefit

BY NKECHI NAECHE-ESEZOBOR—President Bola Ahmed Tinubu has urged the management of Nigeria...