Former Vice-President Atiku Abubakar criticizes President Bola Tinubu’s administration, alleging that Nigeria is giving tax incentives and other benefits to oil companies while Nigerians face rising petrol prices and inflation. Atiku makes the accusations in a statement circulated through his aides ahead of the broader political debate on fuel pricing and the cost of living.
Atiku argues that removing petrol subsidies conflicts with what he says are continued concessions to petroleum investors. He cites production tax credits for some deep offshore oil and gas projects and claims the incentives could raise benefits per barrel through additional allowances. He also questions whether subsidies have truly ended, pointing to figures he says appear in NNPC Limited’s audited accounts, including costs labelled for “energy-security” and under-recovery.
While the outlets focus on Atiku’s claims and the figures he highlights, they also reflect that the dispute occurs amid public disagreement over government fuel reform. One report notes Tinubu has dismissed Atiku’s subsidy approach as being wrong about governance and the economy, underscoring the political contest over responsibility for fuel price pressures.
