Atiku Asks Tinubu To Provide Clarity On Fuel Subsidy Regime

The Presidential candidate of the People’s Democratic Party (PDP), Atiku Abubakar, has challenged President Bola Tinubu to clarify the fuel subsidy programme.

Atiku made this known in a statement made available to New Telegraph on Tuesday in Abuja.

The former Vice President also tasked the President to list the fiscal commitments and benefits from the fuel subsidy reform, including its impact on the Federation Accounts.

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“It is curious that since April 2024, fuel queues have mounted at many filling stations across Nigeria, and the infamous ‘black market’ has sprouted in several states.

“How much PMS is being imported and distributed, and at what cost? What is the implicit subsidy?”, he said.

According to the former vice president, the prevailing state of pervasive insecurity has negatively affected agricultural production and the value it brings to the economy, especially in the Northern parts of the country.

He said, “Insecurity resulting from terrorism, banditry, kidnapping, and cattle rustling has compelled many crop farmers and pastoralists to abandon their lands and relocate to the neighbouring countries of Niger, Chad, and Cameroun.”