Atiku’s N600 petrol proposal not a return to subsidy – ADC tells Presidency

The African Democratic Congress (ADC) has rejected claims by the Presidency that former Vice President Atiku Abubakar’s proposal to reduce petrol prices to about N600 per litre amounts to a return to Nigeria’s old fuel subsidy regime.

The party said Atiku’s proposal was instead a controlled production incentive for domestic refineries, designed to lower the cost of petrol while strengthening local refining capacity.

The ADC National Publicity Secretary, Bolaji Abdullahi, stated this in response to the Presidency’s criticism of the proposal.

According to him, “The Presidency has based its argument on a projected N19.1 trillion cost without properly considering how Atiku’s proposal is structured…