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๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria /Economy & Trade

2027: Atiku tackles Tinubu over fuel price

From The Punch · () English

Summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources Ongoing story
  • Former Vice President Atiku Abubakar accused President Bola Tinubuโ€™s administration of imposing years of economic hardship while promising relief as the 2027 elections approach.
  • Atikuโ€™s spokesman said lower energy costs could reduce transportation, production, and food prices, and outlined a monitored support plan for domestically refined Nigerian crude.
  • The response followed Tinubuโ€™s criticism of proposals to cut energy costs and his rejection of a return to fuel subsidies.

Atiku Abubakar says the fuel-price dispute is not about a personal contest with President Bola Tinubu. It is about why millions of Nigerians can no longer afford basic necessities.

Through his Senior Special Assistant on Public Communication, Phrank Shaibu, the former vice president accused Tinubuโ€™s administration of allowing Nigerians to endure more than three years of economic hardship while promising cheaper transport, higher food production, and relief for vulnerable people as the 2027 elections approach.

Atiku has more important people to engage directly: the mother struggling to feed her children; the civil servant whose salary disappears into transportation; the farmer paying more to move produce to market; the student being pushed into debt simply to remain in school; and millions of Nigerians whose daily reality bears no resemblance to the prosperity advertised in your tweets.

โ€” Phrank ShaibuAtikuโ€™s spokesman used the examples to shift the dispute from a personal exchange to Nigeriansโ€™ cost-of-living pressures.

In a statement titled โ€œTinubu, the issue is not Atiku, it is why Nigerians can no longer afford to live,โ€ Shaibu said Atiku would not trade personal accusations with the president. Instead, he would continue defending policies designed to reduce living costs.

Shaibu pointed to Nigerians struggling with food, transport, farming, and education. He described a mother trying to feed her children, a civil servant whose salary disappears on transport, a farmer paying more to take produce to market, and a student pushed into debt to remain in school.

He questioned why the government had needed more than three years to recognize that economic growth must reach โ€œthe dining table and the pocket.โ€ He also asked why an intervention became backward when Atiku proposed it but progressive when Tinubu announced it.

Why did Nigerians have to suffer for more than three years before your government discovered that economic growth must reach โ€˜the dining table and the pocketโ€™? Why is intervention backwards when Atiku proposes it, but progressive when you announce it?

โ€” Phrank ShaibuThe statement challenged Tinubuโ€™s timing and criticism of Atikuโ€™s economic proposals.

The statement responded to Tinubuโ€™s recent criticism of Atikuโ€™s proposals to lower energy costs and his dismissal of a return to fuel subsidies. Atikuโ€™s proposed Economic Recovery Plan would provide targeted support for Nigerian crude supplied to domestic refineries under a capped and transparently budgeted framework.

The plan would track crude deliveries, monitor refined products, and use a consumer pass-through mechanism to ensure that savings reach buyers. Shaibu said the economic logic was direct: lower fuel costs would reduce transport costs, which would lower the cost of moving tomatoes, rice, yam, livestock, and manufactured goods.

The economics is straightforward. Reduce fuel costs, and you reduce pressure on transportation. Reduce transportation costs, and you reduce the cost of moving tomatoes, rice, yam, livestock and manufactured goods.

โ€” Phrank ShaibuShaibu explained how the proposed energy intervention would affect consumer prices.
About this summary

Originally published by The Punch. Summarized and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.