Atiku condemns Tinubu administration over new fuel subsidy policy

Atiku condemns Tinubu administration over new fuel subsidy policy

Former Vice President Atiku Abubakar has once again criticized President Bola Tinubu’s administration over the continued payment of subsidies on Premium Motor Spirit (PMS).

This follows Tinubu’s approval of the Nigerian National Petroleum Company Limited’s (NNPCL) request to use the 2023 dividends due to the federation for subsidising petrol.

In a post on his verified Facebook page, Atiku expressed concern over the latest developments, describing them as another instance of opaque governance under the current administration.

He pointed out that this decision contradicts President Tinubu’s earlier declaration during a national broadcast, where he announced the conclusion of the subsidy regime.

The People’s Democratic Party (PDP) presidential candidate from the recent election highlighted that prior to this announcement, there had been consistent indications of a resurgence in subsidy payments, though through less transparent methods.

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“This discrepancy between the President’s statements and his actions not only undermines the moral authority of his leadership but also significantly erodes the credibility of his administration,” Atiku stated.

Atiku also criticized the delays in the re-operation of the Port Harcourt refinery, calling it a national disgrace. He attributed this failure to President Tinubu, who also serves as the Minister of Petroleum Resources.

Furthermore, Atiku pointed out that the persistent denials by NNPC Limited exacerbate the difficulties faced by Nigerians due to fuel shortages and escalating prices. He expressed concern over the President’s silence amid ongoing disputes between local investors favoring refinery operations and those advocating for imported PMS.

Atiku called on President Tinubu to take responsibility for resolving these critical issues to safeguard national interests. He emphasised 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.

Atiku condemns Tinubu administration over new fuel subsidy policy