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Tinubu's Campaign Wants Atiku To Show The Legal Basis For His Subsidy

Tinubu's Campaign Wants Atiku To Show The Legal Basis For His Subsidy

Geo-Political News

The APC Presidential Campaign Council has challenged Atiku Abubakar to explain the legal and fiscal basis of his proposed petrol subsidy, demanding the detail behind a plan he set out earlier this month.

fuel pump petrol station nigeria
fuel pump petrol station nigeria Photograph by Ferdinand Asakome via Unsplash.

What Atiku actually proposed

Not a return to the old import subsidy. A production subsidy that would lower the cost of crude supplied to qualifying Nigerian refineries, explicitly not applying to petrol refined abroad. He argued that Dangote Refinery's warning about price controls supported rather than undermined the idea.

The challenge is legitimate and so is the proposal. Both things can be true. A candidate proposing to spend public money should be able to say under what statutory authority, from which budget line, and at what annual cost. A governing party asking that question is doing its job, and it would be doing it better if it published the same three figures for its own petroleum policy.

The three numbers that would settle it

QuestionWho can answer it
Annual cost of the feedstock discountAtiku's campaign
Which law permits itAtiku's campaign
How the volumes get auditedNobody has said

The third row is what destroyed the last subsidy regime.

The old subsidy did not collapse because subsidies are impossible. It collapsed because nobody could verify how much fuel entered the country.

What is really being argued about

Whether the 2023 removal was worth it. The finance ministry puts the amount mobilised for the federation at 15.8 trillion naira between June 2023 and December 2025, and a governor of the president's own party said earlier this month that states rather than the presidency should account for how it was spent. Atiku is offering to give part of that back in a different form. The APC is asking him to price it. Neither side has yet published a figure, which is the entire problem with this debate.

Reporting: The Whistler, Arise News and the State House.

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