Atiku: Trump Backs My Plan To Restore Fuel Subsidy

The presidential candidate of the African Democratic Congress (ADC), Atiku Abubakar, has claimed that United States President, Donald Trump, supports his proposal to restore fuel subsidy if elected President of Nigeria in 2027.

Atiku, who has promised to reintroduce subsidy on petroleum products, said his proposed policy would focus on supporting domestic production and refining while ensuring that Nigerians benefit from lower pump prices.

He made the claim in a statement issued on Sunday by his Special Adviser on Communications, Phrank Shaibu, titled, “Atiku Boasts of Stakeholders, Trump Support on Fuel Subsidy.”

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According to the statement, Atiku said his proposed “Production Subsidy” was designed to reduce the burden of high fuel prices on Nigerians by supporting local production and increasing supply.

“This is why my Production Subsidy is about putting money back into people’s pockets. Support what we produce and refine here, increase supply, monitor the price and make sure Nigerians feel the benefit at the pump,” he said.

Atiku also cited the position of the Crude Oil Refiners Association of Nigeria (CORAN), saying the association’s call for greater support for domestic production was consistent with his proposal.

He further argued that the United States had demonstrated the importance of government support for strategic energy production.

“CORAN is saying support domestic production. America understands the importance of supporting strategic energy production,” the statement quoted him as saying.

The former Vice President accused the administration of President Bola Tinubu of opposing measures aimed at providing relief to ordinary Nigerians while allegedly granting waivers, incentives and concessions to multinational oil companies and businesses.

“At the same time, Tinubu attacks relief for ordinary Nigerians while his government understands perfectly well how to grant waivers, incentives and concessions to multinational oil companies and businesses close to his administration,” Atiku said.

He questioned why government intervention should be considered economically wrong when targeted at ordinary Nigerians, while similar interventions were extended to businesses and strategic sectors.

“So why does intervention suddenly become bad economics when ordinary Nigerians are meant to benefit?” he asked.