Iye wo ni iwọ yóò dín owó epo kù sí tí a bá yàn ọ́, níwọ̀n bí o ti ṣèlérí láti dá owó ìrànwọ́ (subsidy) padà. Ṣé yóò padà sí owó tó jẹ́ kí ó rí kí ó tó di ìdìbò 2023?

On fuel prices, I am not proposing a return to subsidising imported petrol, and I have not set out a specific naira amount I would bring the price down to. What I am proposing is a Production Subsidy Model: support tied to fuel refined here in Nigeria, including from modular refineries, that lowers crude supply prices or gives fiscal relief on inputs to local refiners. This reduces refining costs at home so pump prices can come down, without forcing refiners into losses. Imported petrol will not qualify. The subsidy will be capped and budgeted, funded from domestic crude sales, with costs published and payments independently audited, and government waste cut to help fund it. Global price shocks will be managed through fiscal stabilization buffers and oil revenue hedging tools.

On whether prices would return to what they were before the 2023 elections, I have not said that. What I have said is that I want the bus fare you pay every morning to come down, the cost of moving food from farm to market to come down, and for the trader, barber, tailor, welder and small business owner to spend less on energy. The goal is for Nigerians to produce more at home, pay less for fuel, and keep more money in their pockets, so you pay less, not that any particular past price will return.

Sources:
• Post by @atiku on X · https://x.com/atiku/status/1798409081620779419, 2024-06-05 (Post on X)
“President Bola Tinubu, at his inauguration on May 29, 2023, announced the abolishment of the subsidy on PMS, popularly known as fuel. Ever since, it has been…”
• Post by @atiku on X · https://x.com/atiku/status/1798420836283519275, 2024-06-05 (Post on X)
“President Bola Tinubu, at his inauguration on May 29, 2023, announced the abolishment of the subsidy on PMS, popularly known as fuel. Ever since, it has been…”
• Post by @atiku on X · https://x.com/atiku/status/2098476924813115799, 2026-09-11 (Post on X)
“My dear Francis, thank you for taking the time to truly understand what I am proposing. That means a great deal to me. I am not restoring subsidy so that Nig…”
• Atiku Abubakar: Answers to questions from the public, 2026-10-02, page 6 (Introduction)
“Answer: I am proposing a Production Subsidy Model that lowers crude supply prices or offers fiscal relief on inputs to local refiners. This reduces refining …”
• Post by @atiku on X · https://x.com/atiku/status/2014283590629007599, 2026-01-22 (Post on X)
“A major setback to the 2023 elections is the loopholes in the Electoral Act 2022 that paved the way for the brazen rigging of that election, and the near-imp…”
• Article by @atiku on X · https://x.com/atiku/status/2105647953729769974, 2026-10-01 (Article on X)
“We will introduce a capped, budgeted production subsidy tied to verified fuel refined in Nigeria, including fuel from modular refineries. Imported petrol wil…”
• Article by @atiku on X · https://x.com/atiku/status/2100618980339646804, 2026-09-17 (Article on X)
“Atiku said the relationship between energy costs and household welfare was precisely why his economic programme placed affordability at its centre. The World…”