Presidency: Reintroducing fuel subsidy would drain public funds, revive corruption
By Johnbosco Agbakwuru ABUJA — For the umpteenth time, the Presidency has condemned former Vice‑President Atiku Abubakar’s pledge to “bring back” a fuel subsidy if elected in 2027, calling the proposal a return to a failed economic policy that would deplete public finances and scare away investors.
The Presidency said: “Reintroducing the subsidy is not a fix; it’s a financial sinkhole that hands public resources to middlemen and drains money we should spend on schools, hospitals and infrastructure.
The Presidency said the promise — which would reinstate subsidised petrol prices after years of subsidy removals and partial reforms — ignores lessons from past cycles of waste, corruption and fiscal strain.
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