Former Vice President Atiku Abubakar has alleged the secret restoration of oil subsidy, saying the overall game is to use it as conduit pipe to fund the 2027 elections.
He urged President Bola Tinubu to be categorical about the suspected return of fuel subsidy after the nation had been told of its removal last year.
Atiku expressed assurance that fuel subsidy had been restored and that it “has become an even wider conduit pipe through which money for funding the 2027 election will come from.”
The ex-Vice President stated this in a statement released on Sunday by his media aide, Phrank Shaibu.
Atiku said: “Tinubu visited the FMDQ in New York, Qatar and France, where he told lies about removing petrol subsidies. This is not a man who is serious about attracting FDI.
“More worrisome is that he is not even brave enough to admit that subsidy is being paid. The NNPCL admits that N7.8tn is owed to the national oil company by the Nigerian government.
“IMF estimates that subsidy payments this year will constitute three per cent of GDP, which is about $7.5bn. This will be about N11.8tn. Yet, the petrol scarcity continues to linger while the Tinubu administration continues to frustrate the Dangote Refinery and even its own NNPCL facilities.
“Obviously, the subsidy regime has become an even wider conduit pipe through which monies for funding the 2027 election will come from,” Atiku said.
