ATIKU SLAMS TINUBU’S FUEL SUBSIDY REMOVAL AS ‘ECONOMIC APARTHEID’
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By: Muftau Fatimo
Atiku Abubakar, the presidential candidate of the African Democratic Congress (ADC) and former Vice President, has described President Bola Ahmed Tinubu’s removal of the petrol subsidy in 2023 as a clear case of “economic apartheid.”
Atiku made the assertion in a statement issued by his media team on Sunday, amid the ongoing exchange between him and the Tinubu administration over the government’s fuel subsidy policy.
The former Vice President’s comments followed the Federal Government’s recent disclosure that it had recorded N15.8 trillion in savings from fuel subsidy removal over the past three years.
However, Atiku had proposed a return to a peculiar fuel subsidy regime if elected in 2027.
The presidency, however, insisted that the former vice president did not mean well for Nigeria over his fuel subsidy promise.
Reacting in a fresh statement, Atiku said Tinubu did not remove the fuel subsidy but rather took the palliative from the poor and gave it to his rich friends.
He accused Tinubu’s government of propaganda, saying it collapses under the weight of its own policies.
“Tinubu stood at Eagle Square and declared that subsidy was gone. This is the fraud at the heart of Tinubunomics. That is not reform; it is an upside-down economy. You cannot subsidise capital and criminalise relief for citizens. You cannot offer cushions upstairs and call suffering downstairs reform. That is not economic reform. It is classic economic apartheid,” he stated.
Media reports indicate that President Bola Tinubu’s administration removed the fuel subsidy in May 2023, triggering a significant rise in petrol prices across the country.
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