{"id":387680,"date":"2026-08-20T18:28:12","date_gmt":"2026-08-20T18:28:12","guid":{"rendered":"https:\/\/www.europesays.com\/africa\/387680\/"},"modified":"2026-08-20T18:28:12","modified_gmt":"2026-08-20T18:28:12","slug":"atiku-vows-to-restore-petrol-subsidy-if-elected-president-in-2027","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/africa\/387680\/","title":{"rendered":"Atiku vows to restore petrol subsidy if elected president in 2027"},"content":{"rendered":"

\"MTN<\/a><\/p>\n

The presidential candidate of the African Democratic Congress<\/a> (ADC), Atiku Abubakar, has promised to restore petrol subsidy if elected president in the 2027 general election.<\/p>\n

Abubakar pledged during a Hausa-language interview on the PAP programme on Wednesday, arguing that the removal of the subsidy had not resulted in improved living conditions for Nigerians.<\/p>\n

He said that although he did not initially oppose the decision to remove the subsidy, developments since the policy was scrapped have changed his position.<\/p>\n

\u201cI initially did not oppose the removal of the fuel subsidy. But now that it has been removed, where is the money?\u201d Atiku asked.<\/p>\n

He said his administration would reverse the policy if elected, while also pursuing those accused of diverting funds meant for the subsidy.<\/p>\n

\"PT<\/a><\/p>\n

\u201cIf I win the presidential election, I will restore the subsidy. And anyone who stole Nigeria\u2019s subsidy funds must return the money,\u201d he said.<\/p>\n

Abu Bakar noted that the resources previously spent on subsidising petrol could instead have been channelled into areas such as healthcare, education, security and youth empowerment.<\/p>\n

\u201cNow it has been removed. Where is the money? If the funds were used to improve healthcare, education, insecurity, security and youth empowerment, things would have been better,\u201d he added.<\/p>\n

Atiku questions subsidy savings<\/p>\n

His comments came a day after the Federal Government presented a fresh account of the financial impact of its economic reforms, including the removal of petrol subsidy and the liberalisation of the foreign exchange market.<\/p>\n

Earlier on Wednesday, the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, said the reforms mobilised an estimated \u20a615.8 trillion in subsidy savings for the Federation between June 2023 and December 2025.<\/p>\n

The figure, however, does not represent only money retained by the Federal Government. According to the Finance Ministry, \u20a65.43 trillion of the estimated savings accrued to the Federal Government, \u20a66.52 trillion to states, and \u20a63.88 trillion to local governments.<\/p>\n

The ministry said the Federal Government also generated \u20a63.12 trillion in other incremental revenue and raised \u20a611.85 trillion through additional borrowing, bringing its total incremental resources during the period to \u20a620.4 trillion.<\/p>\n

Abubakar, however, questioned the government\u2019s account of the savings and argued that Nigerians had yet to see sufficient improvement in their living conditions.<\/p>\n

READ ALSO:\u00a0Atiku, Obi, Kwankwaso, Saraki congratulate Adeleke on Osun re-election<\/a><\/p>\n

He said the hardship experienced by Nigerians was largely the result of injustice and corruption among political leaders, adding that public officials who diverted public funds should be made to return them.<\/p>\n

Tinubu\u2019s subsidy decision<\/p>\n

President Bola Tinubu announced the removal of the petrol subsidy during his inauguration on 29 May 2023, declaring that \u201cfuel subsidy is gone.\u201d The announcement was followed by a sharp increase in petrol prices and subsequent pressure on the prices of transportation, food and other goods and services.<\/p>\n

The government has since defended the reform as necessary to reduce fiscal pressure and end what it described as an unsustainable subsidy regime.<\/p>\n

The Finance Ministry\u2019s latest scorecard says the reforms have also helped increase government resources, strengthen foreign reserves and reduce fiscal pressures. However, it acknowledges that household welfare and poverty remain unfinished areas of the reform programme.<\/p>\n

Atiku\u2019s proposal, therefore, sets up a major policy debate ahead of the 2027 presidential election, as he promises to reverse one of the defining economic decisions of President Tinubu\u2019s administration.<\/p>\n

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