2027: Fuel subsidy alone might not decide who runs Nigeria’s economy better – Sam Amadi
Fuel Subsidy Debate May Shape Nigeria’s 2027 Elections, Expert Says
Abuja, Nigeria – Sam Amadi, Director of the Abuja School of Social and Political Thoughts, stated Wednesday that the debate over the removal or restoration of fuel subsidies may play a significant role in the upcoming 2027 general elections, departing from its relative absence in the previous election cycle.
Amadi’s comments come amidst ongoing discussions about the fuel subsidy policy initiated by President Bola Tinubu. Notably, Atiku Abubakar, the presidential candidate for the African Democratic Congress (ADC), has vowed to reinstate the subsidy if elected in 2027.
While appearing on Arise Television’s Morning Show, Amadi observed that fuel subsidy did not resonate strongly in the last election, but he anticipates it will be a central issue in the next one. “The subsidy issue didn’t register in the last election, but this election is promising to be a major issue,” he said.
He noted the complexities surrounding the subsidy, explaining that while some argue it is inefficient, it can also serve as a tool for economic development. “In Nigeria’s context, it may be inefficient or counterproductive,” Amadi added.
Amadi pointed out that all candidates in the last election were in favor of subsidy removal, albeit with differing perspectives. He highlighted that the political ramifications of the subsidy removal are significant, especially given the current economic challenges and rising cost of living.
“The key point here is that it’s politically a heartburn,” he remarked, suggesting that supporters of subsidy removal might reassess their positions due to public sentiment.
He emphasized the need for politicians to adapt their views based on constituency feedback and changing political dynamics. “In politics, you have to change your views,” he explained, suggesting that effective messaging could influence public perception of the subsidy issue.
Amadi acknowledged that while subsidies have not proven beneficial in certain contexts, they can be essential fiscal tools if used correctly. He also criticized the approach taken during the subsidy removal, noting that the absence of complementary policies, including currency devaluation, exacerbated economic pressures.
As the political landscape evolves, Amadi underscored that voters will scrutinize politicians’ capabilities to address corruption, regardless of their stance on subsidies. “Subsidy alone might not be the key to deciding who will better run the economy,” he concluded, but the way it is communicated could significantly impact voter sentiment in the upcoming elections.
