Atiku backs Dangote, says subsidy proposal only for local refineries
By Omeiza Ajayi ABUJA: Former Vice President Atiku Abubakar has thrown his weight behind Dangote Refinery’s warning against arbitrary pump-price controls, insisting that his proposed production subsidy would protect Nigerian refineries and reduce domestic production costs without forcing them to sell at a loss.
The former Vice President said the Presidency’s reaction to Dangote’s disclosure showed how desperate the government had become to defend an economic model that had made everyday life painfully expensive for millions of Nigerians, adding that “a refinery warning that it should not be forced to sell at a loss is not the same as saying that government must never support domestic production.
In a statement issued by his Senior Special Assistant on Public Communication, Phrank Shaibu, Atiku accused President Bola Tinubu of deliberately distorting concerns raised by Dangote Refinery in what he described as a desperate attempt to discredit his production subsidy proposal, saying the refinery’s warning actually exposes the dishonesty of the government’s argument.
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