Atiku Challenges Tinubu on Fuel Subsidy Policy.
Former Vice President Atiku Abubakar has launched a fresh critique against President Bola Tinubu’s administration regarding the ongoing subsidy payments for Premium Motor Spirit (PMS). This follows Tinubu’s approval for the Nigerian National Petroleum Company Limited (NNPCL) to use the 2023 dividends due to the federation for subsidizing petrol.
In a post on his verified Facebook page, Atiku expressed concern over what he sees as opaque governance under Tinubu’s leadership. He pointed out that this decision contradicts President Tinubu’s earlier declaration during a national broadcast that the subsidy regime had ended. Atiku highlighted that there had been signs of subsidy payments continuing through less transparent methods, even before this announcement.
Atiku argued that the inconsistency between Tinubu’s statements and actions damages the credibility of his administration. He also criticized the delays in re-operating the Port Harcourt refinery, calling it a national embarrassment and attributing the failure to Tinubu, who is also the Minister of Petroleum Resources.
Moreover, Atiku noted that the Nigerian National Petroleum Company Limited’s denials about subsidy payments only add to the difficulties faced by Nigerians due to fuel shortages and rising prices. He expressed concern over Tinubu’s silence amid ongoing disputes between local investors who favor refinery operations and those advocating for imported PMS.
Atiku called on President Tinubu to take responsibility for resolving these critical issues to protect national interests. He emphasized the need for transparency in the downstream petroleum sector and urged the Tinubu administration to clarify the complexities surrounding the subsidy policy and PMS refining.
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