Nigeria: Production subsidy will lower fuel costs, support Nigerian refineries — Atiku

Former Vice President Atiku Abubakar has defended his proposed production subsidy model, saying it is designed to support Nigerian refineries, reduce domestic production costs and make fuel more affordable without forcing refiners to sell at a loss.

Speaking on Friday through his Senior Special Assistant on Public Communication, Phrank Shaibu, Atiku said concerns raised by Dangote Refinery about arbitrary price controls highlighted the need for a structured intervention rather than a…