{"id":113563,"date":"2024-06-06T04:39:02","date_gmt":"2024-06-06T08:39:02","guid":{"rendered":"https:\/\/africatodaynewsnewyork.com\/?p=113563"},"modified":"2024-06-06T04:39:02","modified_gmt":"2024-06-06T08:39:02","slug":"fuel-subsidy-stop-deceiving-nigerians-atiku-lambasts-tinubu","status":"publish","type":"post","link":"https:\/\/africatodaynewsnewyork.com\/2024\/06\/06\/fuel-subsidy-stop-deceiving-nigerians-atiku-lambasts-tinubu\/","title":{"rendered":"Fuel Subsidy: Stop Deceiving Nigerians Atiku Lambasts Tinubu"},"content":{"rendered":"

Former Vice President of Nigeria, Atiku Abubakar<\/a>, has called on President Bola Tinubu to stop hoodwinking Nigerians about his administration\u2019s true position on fuel subsidy.<\/strong><\/p>\n

Atiku made this call in a statement obtained by Africa Today News, New York on Thursday.<\/p>\n

He explained that contrary to the President\u2019s public posturing about removing fuel subsidy, the Tinubu administration has been secretly paying trillions of Naira as subsidy on Premium Motor Spirit (petrol).<\/p>\n

The former Vice President who was the Presidential candidate of the Peoples Democratic Party (PDP), in the 2023 election, noted that subsidy payments under Tinubu\u2019s watch is likely to hit N5.4 trillion this year (2024).<\/p>\n

Atiku said, \u201cPresident Bola Tinubu, at his inauguration on May 29, 2023, announced the abolishment of the subsidy on PMS, popularly known as fuel.<\/em><\/p>\n

\u201cEver since, it has been a bragging right of Tinubu and officials of his administration.<\/em><\/p>\n

Read Also: <\/strong>Sit-At-Home Brutality: Atiku Laments Abia Soldiers Death<\/a><\/em><\/p><\/blockquote>\n

\u201cI had in my statement reviewing the one year of the Bola Tinubu administration urged the government to come clean on the actual position of the subsidy policy.<\/p>\n

\u201cThese were my exact words: \u201c\u2026provide clarity on the fuel subsidy regime, including the fiscal commitments and benefits from the fuel subsidy reform and the impact of this on the Federation Accounts.<\/p>\n

\u201cIt is curious that since April 2024, fuel queues have mounted at many filling stations across Nigeria, and the infamous \u2018black market\u2019 has sprouted in several states.<\/p>\n

\u201cHow much PMS is being imported and distributed, and at what cost? What is the implicit subsidy?\u201d<\/p>\n

\u201cIf the subsidy regime had been characterised by opaqueness, what would we say of a situation where the subsidy is still being paid under the cover without Nigerians in the know?<\/p>\n

\u201cLike millions of Nigerians, I was shocked to learn through media reports that the \u201cgovernment is still supporting downstream consumption.\u201d<\/p>\n

\u201cNow we know that expenditure on fuel subsidy may reach N5.4 trillion in 2024, compared to the N3.6 trillion spent in 2023, the same year that Tinubu claimed to have abolished fuel subsidy<\/p>\n

\u201cI wish to restate that Nigeria is not working, and what we have had in a little over a year is a cocktail of trial-and-error economic policies. Paying subsidies and lying about it is nothing to brag about. Nigerians deserve better than this deception. \u201c<\/p>\n

Africa Today News, New York<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Former Vice President of Nigeria, Atiku Abubakar, has called on President Bola Tinubu to stop hoodwinking Nigerians about his administration\u2019s true position on fuel subsidy. Atiku made this call in a statement obtained by Africa Today News, New York on Thursday. He explained that contrary to the President\u2019s public posturing about removing fuel subsidy, the […]<\/p>\n","protected":false},"author":9,"featured_media":113583,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","footnotes":""},"categories":[3],"tags":[15801,6943],"class_list":["post-113563","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics","tag-atiku-abubakar","tag-nigeria","pmpro-has-access"],"yoast_head":"\nFuel Subsidy: Stop Deceiving Nigerians Atiku Lambasts Tinubu<\/title>\n<meta name=\"description\" content=\"Atiku Abubakar, has called on President Bola Tinubu to stop hoodwinking Nigerians about his administration\u2019s true position on fuel subsidy.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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