Subsidy regime: Atiku challenges Tinubu

Peoples Democratic Party, PDP, presidential candidate, Atiku Abubakar, has challenged President Bola Tinubu to provide clarity on the fuel subsidy regime.

Atiku gave the charge in a statement he made public on Tuesday in Abuja.

He also tasked the President to list the fiscal commitments and benefits from the fuel subsidy reform, including its impact on the Federation Accounts.

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“It is curious that since April 2024, fuel queues had mounted at many filling stations across Nigeria, and the infamous ‘black market’ has sprouted in several states.

“How much PMS is being imported and distributed, and at what cost? What is the implicit subsidy?”, he queried.

According to the former vice president, the prevailing state of pervasive insecurity has negatively affected agricultural production and the value it brings to the economy, especially in the Northern parts of the country.

He said, “Insecurity resulting from terrorism, banditry, kidnapping, and cattle rustling has compelled many crop farmers and pastoralists to abandon their lands and relocate to the neighbouring countries of Niger, Chad, and Cameroun.”