EXPLAINER: Tinubu’s petrol relief plan, Atiku’s subsidy proposal — how they differ, who pays
President Bola Tinubu’s administration has extended a discount at Nigerian National Petroleum Company Limited (NNPC Ltd) retail stations and proposed forward crude sales to domestic refineries and a negotiated ceiling on petrol supply costs.
In a 20 September statement, the APC Presidential Campaign Council estimated that Atiku’s proposal could cost ₦17 trillion to ₦21 trillion annually, depending on the crude discount, volumes covered and whether support applied to entire barrels or only petrol sold domestically.
The provision supports crude availability for domestic refining but does not expressly establish a government-financed discount for refiners.
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