2027: Kwankwaso Signals Fuel Subsidy Comeback as NDC Vows to Crash Petrol Prices

The Nigeria Democratic Congress (NDC) has signalled its willingness to consider restoring petrol subsidy if it wins the 2027 general election, with its vice-presidential candidate, Rabiu Musa Kwankwaso, promising to explore all necessary measures to reduce fuel prices and ease the economic hardship facing Nigerians.

Kwankwaso made the declaration during an interview on Channels Television’s Politics Today on Thursday, October 15, saying the party’s leadership was united on the need to make energy more affordable.

The former Kano State governor said he, the NDC presidential candidate, Peter Obi, and the party’s leader, Seriake Dickson, had aligned their positions on addressing the high cost of energy in the country.

According to Kwankwaso, the party would consider whatever measures were necessary to bring down petrol prices, including a possible return to fuel subsidy.

He argued that the cost of petrol had become a major burden on households and businesses, contributing to higher transportation fares, rising food prices and increased operating costs for companies.

The NDC candidate said an incoming government would need to examine available policy options to reduce the pressure on Nigerians, particularly low-income earners and small businesses struggling with the rising cost of living.

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Kwankwaso also identified corruption and irregularities in the petroleum industry as issues that must be addressed to ensure Nigerians benefit from reforms in the sector.

He suggested that reducing waste and tackling abuses could help improve the management of public resources and support efforts to make petroleum products more affordable.

The comments reopen the debate over fuel subsidy removal, one of the most consequential economic decisions taken by President Bola Ahmed Tinubu, who announced the end of the policy during his inauguration on May 29, 2023.

The removal led to a sharp increase in petrol prices, with the effects spreading across transportation, food distribution, manufacturing and other sectors of the economy.

The Tinubu administration has defended the decision as part of broader economic reforms intended to reduce the government’s subsidy burden and redirect public funds towards other priorities. However, the resulting increase in living costs has remained a major concern for many Nigerians.

Kwankwaso’s statement suggests that the NDC would be prepared to revisit the policy if elected in 2027. However, the party has yet to publish a comprehensive framework explaining how a possible subsidy scheme would operate, how much it would cost or how the government would fund it without creating additional pressure on public finances.

Questions also remain about the proposed safeguards against corruption, the method of determining eligible beneficiaries and whether any intervention would involve a blanket subsidy or a more targeted arrangement.

The NDC’s position is expected to feature in the wider debate over economic policy ahead of the 2027 presidential election, as political parties outline their plans for addressing high petrol prices, inflation and the cost-of-living crisis.

For Nigerians facing elevated transportation and household expenses, the central issue will be whether the party can translate its promise of cheaper petrol into a practical, transparent and financially sustainable policy.