Subsidy: Serious ignorance in governance, economy – Tinubu fires back at Atiku
President Bola Tinubu has responded sharply to comments made by Atiku Abubakar, the presidential candidate of the African Democratic Congress (ADC), regarding fuel subsidies.
During a press briefing at the Presidential Villa on Thursday, Tinubu characterized Abubakar’s remarks as indicative of a “serious ignorance in governance and the economy.”
Abubakar had stated in an interview the previous day that he would reinstate the fuel subsidy regime if elected president of Nigeria in 2027.
Addressing this pledge, Tinubu remarked, “I saw one of my opponents (Atiku) now saying he would go back to subsidies. That is a demonstration of serious ignorance in governance and economy. Before I came here, 27 states were unable to pay salaries of workers. Not to talk of pensioners. But now, states are no longer owing salaries of workers and pensioners, courtesy of subsidy removal.”
Since taking office on May 29, 2023, President Tinubu has implemented significant economic reforms, including the removal of fuel subsidies and the floating of the Nigerian currency, the naira.
These changes have led to a rise in fuel prices, which many Nigerians are now facing as a challenge impacting various sectors of the economy.
