Presidency: Reintroducing fuel subsidy would drain public funds, revive corruption

Vanguard News | 30-08-2026 08:19pm |

The Nigerian Presidency has criticized former Vice-President Atiku Abubakar's proposal to reintroduce fuel subsidies, describing it as a return to a failed economic policy that would drain public funds and encourage corruption. Tunde Rahman, Special Assistant to the President on Media and Special Duties, stated that such a move would deplete resources meant for schools, hospitals, and infrastructure. The Presidency argued that the subsidy removal was necessary to prevent fiscal strain and attract investment.

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